Guerrilla RF, Inc. develops and manufactures high-performance radio frequency and microwave semiconductors for wireless OEMs. News about GUER centers on financial results, gross margin and operating leverage, catalog-product revenue, product backlog, and design-win conversion across markets such as 5G/4G infrastructure, SATCOM, cellular repeaters and DAS, automotive telematics, military communications, navigation, and wireless audio.
Company updates also cover RFIC product launches and market-specific initiatives, including X-Band low-noise amplifiers, SatCom component solutions, and UAS and Counter-UAS applications. Recurring disclosures connect new products and application focus with manufacturing scale, cost management, and progress toward profitability.
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.
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