GUERRILLA RF INC - GUER STOCK NEWS

Guerrilla RF (OTCQX: GUER) reported its Q3 2022 results, showing a contribution margin increase of 600 basis points to 75.1% and a gross profit margin rise to 57.2%. Revenue reached $2.22 million, slightly up from $2.17 million YoY, with royalty income driving growth. R&D expenses surged by $1 million, totaling $2.1 million due to staffing and equipment costs. The company anticipates Q4 sales between $2.2 to $2.5 million, reflecting optimism despite previous inventory issues. Cash reserves stood at approximately $2.1 million as of end-Q3.

Guerrilla RF (OTC-PINK: GUER) will present at the Sidoti Micro-Cap Virtual Investor Conference on November 9, 2022, featuring insights from VP of Investor Relations Sam Funchess.

Funchess will discuss recent achievements, including design wins for the GRF6402 digital step attenuator and surpassing 150 million shipped products. The presentation will showcase Guerrilla RF's strengths in developing high-performance MMICs for sectors like automotive and 5G.

The conference will begin at 10:45 a.m. (ET), and registration is available via the company's website.

Guerrilla RF, Inc. (OTCQX: GUER) announced that its average lead time for chip orders has returned to pre-COVID levels, at 10.5 weeks for Q3 2022, matching Q4 2019. This indicates a significant reduction of 45% from a peak of 19 weeks in Q2 2021. While the overall semiconductor industry is only starting to see slight decreases in cycle times, Guerrilla RF has consistently outperformed its peers in this area, demonstrating effective operational management during the pandemic.

Guerrilla RF, Inc. (OTCQX: GUER) has confirmed eight new design wins with a strategic customer, projecting a peak volume of 30 million units per year over a minimum of five years. The deliveries are set to commence in the first half of 2023, with growth anticipated throughout the product lifecycle. This achievement highlights the significance of Guerrilla RF's recently released DSA product and its diverse portfolio aimed at meeting client performance needs.

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.

Guerrilla RF, a fabless semiconductor company, will present at the LD Micro Main Event XV Conference on October 26, 2022, at 1:30 PM PDT in Los Angeles, CA. The VP of Investor Relations, Sam Funchess, will lead the presentation, focusing on the company's growth and success in producing high-performance MMICs for various industries, including automotive and 5G infrastructure. This investor event will be streamed online, and an archived replay will be available on their website following the event.

Guerrilla RF has launched the GRF5521, a linear power amplifier providing 23.5dBm for cellular applications, supporting 5G/4G infrastructure. The InGaP HBT amplifier operates between -40°C and 85°C with high native linearity, eliminating the need for digital linearization techniques. Spanning frequencies of 2.11 to 2.17GHz, it aims to fulfill stringent emissions requirements for various cellular devices. The GRF5521 is part of a broader ¼ W amplifier family designed based on customer feedback, with production expected to cover every major cellular band by year-end.

Guerrilla RF, Inc. (OTCQX: GUER) has confirmed design wins for its new digital step attenuator (DSA), the GRF6402, marking a significant milestone for the company. With expected shipments in 2023, Guerrilla RF anticipates revenue from millions of units sold in the inaugural year. The GRF6402 features innovative Rapid Fire^TM switching capabilities and is the company's first silicon-on-insulator product, demonstrating its growth in high-frequency designs.

Guerrilla RF (OTC: GUER) will deliver the keynote address at the Adobe ColdFusion Summit in Las Vegas on October 3-4. The presentation, led by Jim Ahne and Brian Sappey, will showcase the company's effective use of Adobe's ColdFusion platform, which has significantly improved their web development efficiency. The summit is an opportunity for Guerrilla RF to share its success story with the development community and demonstrate the benefits of ColdFusion in overcoming challenges faced during website development.