GUERRILLA RF INC - GUER STOCK NEWS

Guerrilla RF (OTCQX: GUER) has introduced the GRF2113, a new GaAs pHEMT amplifier, which enhances the gain by up to 3.5 dB compared to its predecessor, GRF2013.

The GRF2113 is designed to operate between 50 to 4000 MHz with a single broadband tune and offers 21.5 dB of gain, 22 dBm of OP1dB compression, 38 dBm of OIP3 linearity, and a low noise figure of 1.75 dB at 2.5 GHz.

GRF2113 aims to cater to 5G, point-to-point, and cellular repeater/booster customers. The product is housed in a 2x2 mm DFN-8 package and supports a flexible biasing architecture, allowing supply voltages between 3 and 6 V. Samples are available at $0.98 for orders of 10,000 units or more.

Guerrilla RF (GUER) announced record revenues of $5.1 million for Q1 2024, a 59.4% increase from Q1 2023. Gross margin rose by 640 basis points sequentially to 63.2%. Operating loss reduced to $1.8 million, down from $3.7 million in the prior year. Net cash used in operating activities dropped to $0.8 million, and the backlog increased by 27.7% year-on-year to $8.3 million. Cash balance improved to $3.6 million. Revenue guidance for 2024 remains between $21.0 to $26.0 million. The company completed a $5.0 million private placement, acquiring GaN product portfolio from Gallium Semiconductor to speed up market entry by two years.

Guerrilla RF (OTCQX: GUER) reported record revenues of $5.1 million for Q1 2024, a 59.4% increase from Q1 2023. Gross margin expanded by 640 basis points sequentially. The company also reduced its operating loss to $1.8 million and net cash used in operating activities to $0.8 million, aided by sales growth and expense management. Revenue guidance for 2024 remains at $21.0-$26.0 million. Notable developments include a $5.0 million private placement and the acquisition of GaN product portfolio and IP from Gallium Semiconductor. Backlog increased to $8.3 million, and the cash balance stood at $3.6 million as of March 31, 2024.

Guerrilla RF has completed the acquisition of Gallium Semiconductor's GaN device portfolio, expanding its market reach into telecom infrastructure, military, and satellite communications. The RF GaN device market is expected to double to $2.7B by 2028, with GaN on SiC technology leading the way. The acquisition aims to boost revenue and margins, with full integration of new products expected by June 2024.

Guerrilla RF, Inc. completes private placement equity financing and debt conversion, raising $5.0 million. The company also extends the maturity of a $12 million debt facility to January 2026. The private placement involved selling 2.0 million shares of common stock and warrants, resulting in net proceeds of approximately $2.9 million after expenses and debt reduction. Guerrilla RF aims to achieve EBITDA break-even and support its growth initiatives with the raised capital.

Guerrilla RF, Inc. (GUER) reports a significant increase in fourth-quarter revenue by 93.6% and a 30.2% growth in full-year revenue for 2023. The company anticipates revenue between $21.0 and $26.0 million with gross profit between $12.8 and $15.9 million for 2024. Management aims to achieve EBITDA break-even in the second quarter of 2024. The company secured its first production purchase order (PO) and shipment to the SATCOM market from a tier 1 SATCOM company.

Guerrilla RF, Inc. (GUER) has announced the release of four new automotive-qualified devices, including two ¼ W linear PAs and two LNAs, designed for cellular compensators used to amplify and enhance cellular signals within vehicles. These devices have been qualified to meet rigorous AEC-Q100 quality standards and are ideal for 4G/5G cellular applications requiring exceptional native linearity over temperature extremes. The company has also extended its reach into the growing market for 5G cellular compensators associated with automotive shark fin antennas.

Guerrilla RF, Inc. (GUER) announced a 95.8% year-over-year increase in Q4 2023 revenue, totaling $4.7 million, and a 30.2% growth in annual revenue to $15.1 million. The company reported a 70.5% contribution margin for FY23 and a gross profit margin of 56.8% for Q4 2023. Operating expenses decreased by 14.4% from Q3 2023, leading to a 43.2% decrease in operating loss for Q4 2023. New product revenue reached 22.1% of total product revenue in 2023 compared to less than 1.0% in 2022, and the company expects FY24 revenue to be between $21.0 and $26.0 million.

Guerrilla RF, Inc. (GUER) announces a $1.0 million initial purchase order for a new wireless infrastructure design win, with an estimated $3.5 million opportunity for 2024. The company also reports a 259.7% increase in November 2023 shipments compared to the same period in 2022, with full year 2023 revenue guidance of $14.7-15.2 million and expectations for full year 2024 revenue to be between $21.0 and $26.0 million.