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Guerrilla RF Inc (GUER) is a leading provider of high-performance RF components for wireless communication systems. The company specializes in developing innovative solutions for 5G, IoT, and satellite communication applications. With a strong focus on quality and reliability, Guerrilla RF has established itself as a trusted partner for major OEMs in the industry. Their cutting-edge products, such as power amplifiers, low noise amplifiers, and switches, are designed to meet the demanding requirements of modern wireless networks.
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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.
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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.
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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.
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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.
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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.
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Guerrilla RF, Inc. (OTCQX: GUER) announced a significant increase in shipments, with over 25.3% more shipments in November 2023 compared to its previous largest month and 259.7% over November 2022. The company is on track to deliver the highest revenue quarter in its history, with a reiterated full-year 2023 revenue guidance of $14.7 to $15.2 million, reflecting a minimum growth rate of 26.7% for the year. Management expects full-year 2024 revenue to be between $21.0 and $26.0 million. The company also successfully completed an ISO 9001 audit, renewing its certification.
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Guerrilla RF, Inc. (OTCQX: GUER) announces the formal production release of the GRF2110, an ultra-low noise amplifier that delivers an exceptionally flat gain response over a single 5 to 8 GHz broadband tune. The device delivers 16.3 dB of gain, 22 dBm of OP1dB compression, 38 dBm of OIP3 linearity, and a low noise figure of 1.2 dB. The GRF2110 is suitable for satellite communications, aeronautical telemetry, radar, industrial scientific medical (ISM), WiFi 6E, and 5G cellular infrastructure applications. The modular approach of the GRF2110 provides customers with a multitude of options for addressing different frequency, gain, noise figure, compression, and linearity requirements.
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Guerrilla RF, Inc. (OTCQX: GUER) demonstrates strong Year-over-Year revenue growth of 52%, driven by an increase in automotive product sales. The company's Q3 revenue grew by 51.7% year-over-year to $3.4 million, with a backlog of $6.0 million. Revenue for full year 2023 is expected to be between $14.7 and $15.2 million, and for 2024 between $21.0 and $26.0 million. The company also announced its first production purchase order and shipment to the satellite communications market, expecting 2024 revenues to exceed $1.0 million.
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Guerrilla RF provides guidance on future revenues and efforts to accelerate profitability. Q3 2023 revenue expected to be $3.3-3.5 million. Total revenue for 2023 expected to exceed $15.0 million, a 30% increase. Revenue for 2024 projected to be $21.0-26.0 million, a 40% increase. Gross profit margin expected to exceed 60.0%. Backlog increased to $6.11 million. Cost-saving measures to reduce expenses by $3.0-5.0 million. Company aims to achieve breakeven in Q2 2024. Management believes the Company is undervalued at one times anticipated 2024 revenue.
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Guerrilla RF receives first production order from tier 1 SATCOM company, estimated market opportunity for its chipset exceeds $560M. Initial PO is for $360,000 with $280,000 worth of chips requested for delivery by year-end. Company projects 2024 sales to SATCOM industry to exceed $1M in gross revenue. Sales in second half of the year expected to exceed $7M reported in first half. Inventory levels back to normal or slightly low.
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FAQ
What is the current stock price of GUERRILLA RF (GUER)?
The current stock price of GUERRILLA RF (GUER) is $2.38 as of October 14, 2024.
What is the market cap of GUERRILLA RF (GUER)?
The market cap of GUERRILLA RF (GUER) is approximately 23.0M.
What does Guerrilla RF Inc specialize in?
Guerrilla RF Inc specializes in developing high-performance RF components for wireless communication systems, with a focus on 5G, IoT, and satellite applications.
What type of products does Guerrilla RF Inc offer?
Guerrilla RF Inc offers a range of products including power amplifiers, low noise amplifiers, and switches designed to meet the requirements of modern wireless networks.
Who are the main customers of Guerrilla RF Inc?
Guerrilla RF Inc partners with major OEMs in the industry to provide innovative RF solutions for their wireless communication systems.
What sets Guerrilla RF Inc apart from its competitors?
Guerrilla RF Inc is known for its focus on quality, reliability, and cutting-edge technology, making them a trusted partner for OEMs in the wireless communication industry.
What are the key focus areas of Guerrilla RF Inc's research and development?
Guerrilla RF Inc's research and development efforts are focused on 5G, IoT, and satellite communication applications, aiming to provide solutions that meet the evolving needs of wireless networks.
How does Guerrilla RF Inc contribute to the advancement of wireless communication technologies?
Guerrilla RF Inc's innovative RF components play a crucial role in enabling the deployment of advanced wireless communication systems, such as 5G networks.
What is Guerrilla RF Inc's approach to product design and development?
Guerrilla RF Inc emphasizes quality, performance, and reliability in its product design and development process, ensuring that its components meet the demanding requirements of modern wireless networks.
What are some of the recent achievements of Guerrilla RF Inc?
Guerrilla RF Inc has recently introduced several groundbreaking products that have received positive feedback from customers and industry experts, solidifying its reputation as a leading provider of RF components.
How does Guerrilla RF Inc support its customers in implementing their wireless communication systems?
Guerrilla RF Inc provides comprehensive technical support and assistance to its customers, helping them integrate its RF components into their communication systems effectively.
What is Guerrilla RF Inc's vision for the future of wireless communication?
Guerrilla RF Inc is committed to driving innovation in the wireless communication industry and playing a key role in the development of next-generation technologies that will shape the future of wireless networks.
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