GUERRILLA RF INC - GUER STOCK NEWS

Guerrilla RF, Inc. (OTCQX: GUER) reported a significant 33% increase in engineering tape-outs, rising from 31 in 2021 to 41 in 2022. This growth reflects the company’s robust investments in research and development aimed at high-demand markets such as 5G, automotive, and satellite communications. These engineering tape-outs enable quicker design validation, ultimately reducing costs and accelerating time to market. Kellie Chong, Chief Business Officer, emphasized the importance of targeted R&D for meeting evolving tech demands. Guerrilla RF remains a prominent player in the RF and microwave solutions sector with a comprehensive product portfolio and a commitment to innovation.

Guerrilla RF, Inc. (OTCQX: GUER) reported record revenue of $11.6M for FY22, coupled with a strong book-to-bill ratio exceeding 1.5 for Q4 2022. The average unit selling price climbed by 20.7% to $0.40, indicating robust demand. The company secured eight design wins within the automotive sector, resulting in a substantial $2.4 million order. Additionally, R&D investment reached a record $8.1 million, with plans to increase R&D by 20% and pursue a senior exchange uplisting in 2023. Guerrilla RF aims to expand its market reach and innovate further in the satellite communications industry.

Guerrilla RF, Inc. (OTCQX: GUER) reported a 10.7% increase in FY22 revenue, totaling $11.6 million. This growth is attributed to deeper market penetration in electric vehicles, 5G infrastructure, and cellular repeaters, with entry into the satellite communications sector. Gross profit rose by 10.2% to $6.8 million, maintaining a strong gross margin of 58.3%.

However, R&D expenses surged 77% to $8.1 million, while general and administrative costs jumped 109% to $5.1 million. The net loss for the year increased to $12.0 million, or $0.36 per share.

Guerrilla RF, Inc. has successfully completed its private placement equity financing, raising approximately $9.2 million. The company sold around 7.1 million units at $1.30 per unit, with each unit comprising one share of common stock and a warrant for half a share at an exercise price of $2.00. CEO Ryan Pratt stated that the funds will enhance working capital, research and development (R&D) initiatives, and market expansion efforts. The strong demand from investors signals confidence in the company's growth strategy, particularly spanning automotive, SATCOM, and infrastructure projects.

Guerrilla RF, Inc. (OTCQX: GUER) has appointed Virginia R. Summerell to its Board of Directors effective February 20, 2023. Summerell, the second female board member, brings over 30 years of finance and corporate leadership experience, particularly from her tenure at Tanger Outlet Centers, Inc. (NYSE: SKT). Her expertise in guiding Tanger's transformation to a publicly traded entity will be leveraged as Guerrilla RF prepares to uplist to a senior stock exchange. This strategic appointment supports Guerrilla RF's growth strategy in high-growth markets like wireless and automotive sectors.

Guerrilla RF, Inc. (OTCQX: GUER) announced its participation in the 35th Annual Roth Conference in Dana Point, California, from March 12-14, 2023. CEO Ryan Pratt and VP of Investor Relations Sam Funchess will present the company's significant growth, highlighting a 66% CAGR in product revenue since 2018 and a 59% gross margin. The company targets markets including automotive, 5G, satellite communications, aerospace, and defense, while expanding its engineering and sales teams. Celebrating its 10th anniversary this year, Guerrilla RF emphasizes its commitment to innovation and meeting industry demands with high-performance RF solutions.

Guerrilla RF, Inc. (OTCQX:GUER), a leader in RF and microwave communications, is set to present at the Third Annual Winter Wonderland - Best Ideas Virtual Investor Conference from February 21-24, 2023. The company's VP of Investor Relations, Sam Funchess, will present on February 22 at 2:00 PM. Investors are invited to participate in one-on-one meetings throughout the conference, with a live webcast available for replay.

Guerrilla RF specializes in high-performance communication solutions for various sectors, including 5G and military applications, boasting an extensive portfolio and rapid growth in the semiconductor industry.

Guerrilla RF, Inc. (OTCQX: GUER) announced a $2.4 million purchase order from a leading automotive supplier, signaling strong demand for its RF and microwave communications solutions in the autonomous vehicle sector. This order is linked to eight design wins disclosed in November 2022, expected to drive an annual peak volume of 30 million units. Chief Business Officer Kellie Chong highlighted the company's capability to meet evolving automotive demands, emphasizing accelerated time-to-market for clients. Guerrilla RF aims to list on a senior stock exchange in 2023, building on its rapid growth and extensive product offerings in various high-demand markets.

Guerrilla RF, Inc. (OTCQX: GUER) has officially launched the GRF4012 and GRF4012W broadband gain blocks, designed for automotive satellite radio applications. These devices deliver a unique balance of gain, noise figure, linearity, and compression performance, meeting Sirius XM™ blocking requirements when paired with Qualcomm Technologies' SAW filters. Each variant operates within 0.4 to 4.2 GHz, achieving 17.8 dB of gain and a noise figure of 0.9 dB while consuming only 50 mA. Available in a compact package, pricing starts at $0.64 for GRF4012 and $0.72 for GRF4012W, with samples and evaluation boards ready for deployment.