GUERRILLA RF INC - GUER STOCK NEWS

Guerrilla RF, Inc. (OTCQX: GUER) reported strong business performance for 2022, highlighted by a doubling of backlog and a 72% contribution margin in Q4. The company achieved a 21% increase in average selling prices (ASPs) due to successful product launches. Evaluation board shipments rose to 435 units, indicating heightened customer interest. Guerrilla RF also secured $5 million from a private placement, strengthening its balance sheet. Recognized in the Financial Times as one of the Americas’ Fastest Growing Companies, the firm continues to pursue growth in high-performance semiconductor markets.

Guerrilla RF, Inc. (OTCQX: GUER) announced the initial closing of its private placement, raising approximately $5.0 million. Nearly 3,900,000 units were purchased by accredited investors at $1.30 per unit, each comprising one share of common stock and a warrant for 0.5 shares at $2.00 with a five-year term. CEO Ryan Pratt highlighted the funding's role in supporting growth and establishing new headquarters, reflecting investor confidence in the company's prospects.

Guerrilla RF, Inc. (OTCQX: GUER) has received a purchase order for ultra-low noise amplifiers from a leading electric automobile manufacturer, with shipments set to start in March 2023 and projected revenue of $580,000 through November 2023. The amplifiers will be utilized in automotive satellite radio and GPS applications. CEO Ryan Pratt highlighted the significance of this order as a confirmation of the company's commitment to R&D and product quality, indicating strong sales growth potential.

Guerrilla RF, a fabless semiconductor company, announced that Sam Funchess, VP of Investor Relations, will present a corporate overview at the Ladenburg Thalmann Virtual Expo on December 7, 2022, at 3:30 pm ET. The presentation is accessible online, and the company will hold virtual one-on-one meetings with investors throughout the day. Founded in 2013 and based in Greensboro, NC, Guerrilla RF specializes in high-performance microwave integrated circuits for various markets, including 5G and military communications.

Guerrilla RF, Inc. (OTCQX: GUER) announces the sampling of the GRF6403, the second product in its new series of 0.25dB step Digital Step Attenuators (DSAs). This device features a Rapid Fire™ attenuation setting that allows for quick switching in fast TDD applications. The GRF6403 operates within a 50 MHz to 6 GHz range, achieving low insertion loss and minimized glitching. It supports various programming modes and is designed to be drop-in compatible with competitor products, potentially driving sales growth.

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.