Guerrilla RF Surpasses 150M+ RFIC/MMIC Deployments

Rhea-AI Summary

Guerrilla RF, Inc. (OTCQX: GUER) has achieved a significant milestone, surpassing 150 million RFIC/MMIC deployments, marking a 50% increase in shipments since reaching 100 million 15 months ago. The company, recognized as one of the fastest-growing enterprises by Inc. magazine, is focused on the automotive, 5G infrastructure, and cellular repeater markets. CEO Ryan Pratt attributes this growth to the company’s innovative products and effective market strategy, with plans for new product introductions in the coming weeks.

Positive

• Surpassed 150 million RFIC/MMIC deployments, a 50% increase in 15 months.
• Recognized as one of the top 500 fastest-growing companies by Inc. magazine.
• Strong traction in automotive, 5G infrastructure, and cellular repeater markets.

Negative

• None.

Accelerates Shipments, Increasing Lifetime Deployments by 50 Percent in 15 Months

GREENSBORO, N.C.--(BUSINESS WIRE)-- Guerrilla RF, Inc. (OTCQX: GUER) announced today it has surpassed the 150 million milestone for RFIC/MMIC deployments – a 50 percent increase in lifetime shipments since it reached the 100M mark 15 months ago. Since opening its doors in 2013, Guerrilla RF has experienced incredible growth within the wireless infrastructure market. In 2020 and 2021, the company was recognized by Inc. magazine as being one of the top 500 fastest growing companies in the country.

Guerrilla RF surpasses the 150 million milestone for RFIC/MMIC deployments – a 50 percent increase in lifetime shipments since it reached the 100M mark 15 months ago. (Graphic: Business Wire)

“The sheer number of products deployed in the field is a testament to the commercial success of our portfolio,” says Ryan Pratt, CEO and founder of Guerrilla RF. “It’s proof we offer outstanding technology that resonates incredibly well with the needs of our customers. We continue to gain traction within our strategic markets, especially within the automotive, 5G infrastructure, and cellular repeater segments. Our catalog business with a base of 300+ customers is similarly fueling the rapid acceleration of component deployments, and we’re constantly finding new and exciting applications that can leverage our industry-leading cores.”

“Our growth also serves as a validation of our overall market strategy,” Pratt continues. “At Guerrilla RF, we stealthily disrupt the underserved wireless infrastructure market by combining the very best in RF innovation and performance with unparalleled customer support. We effectively use ‘guerrilla’ tactics to outmaneuver and outexecute our competition through an exceptionally focused approach to product development. Over the course of the next few weeks, we’ll introduce a myriad of new products which will help accelerate our growth in future years.”

About Guerrilla RF, Inc.

Founded in 2013 and based in Greensboro, NC, Guerrilla RF develops and manufactures high-performance monolithic microwave integrated circuits (MMICs) to wireless OEMs in multiple market segments – including 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics such as SDARS/V2X/GPS/DAB, military communications, navigation, and high-fidelity wireless audio. Guerrilla RF has an extensive portfolio of over 100 high-performance radio frequency (RF) and microwave semiconductor devices. The existing product line includes ultra-low noise amplifiers, gain blocks, driver amplifiers, mixers, RF switches, digital step attenuators, and linear PAs (power amplifiers) – the critical building blocks for mission-critical, performance-driven wireless applications. To date, the company has shipped over 150 million devices and has repeatedly been included in Inc. Magazine's annual Inc. 5000 list. Guerrilla RF recently made the top Inc. 500 list for the second year in a row, coming in at No. 421 and 489 for the 2020 and 2021 rankings, respectively. For more information, please visit https://guerrilla-rf.com or follow the company on Twitter and LinkedIn.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings with the SEC available at www.sec.gov. Forward-looking statements speak only as of the date they are made. The company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027005386/en/

Jim Ahne, VP - Automotive & 5G Products / Corporate Marketing

jahne@guerrilla-rf.com

+1 336 265 7760

Source: Guerrilla RF, Inc.

FAQ

What recent milestone did Guerrilla RF, Inc. (GUER) achieve in its RFIC/MMIC deployments?

Guerrilla RF, Inc. (GUER) surpassed 150 million RFIC/MMIC deployments, representing a 50% increase in shipments over the past 15 months.

How has Guerrilla RF's shipment growth been recognized in the industry?

Guerrilla RF has been acknowledged by Inc. magazine as one of the fastest-growing companies in the U.S., making the top 500 list.

What markets is Guerrilla RF targeting with its products?

Guerrilla RF is focusing on the automotive, 5G infrastructure, and cellular repeater segments.

When was Guerrilla RF founded?

Guerrilla RF was founded in 2013.