Guerrilla RF Inc Stock Price, News & Analysis

Guerrilla RF, Inc. (OTCQX: GUER), a provider of advanced radio frequency solutions, announced that VP of Investor Relations, Sam Funchess, will present at the Sequire Investor Summit in San Juan, Puerto Rico, from April 24-26, 2023.

Funchess will highlight the company's strong growth, including a 66% CAGR in product revenue since 2018 and 31% since 2019, alongside a gross margin of 59%. Guerrilla RF aims to address high-demand markets, including 5G and automotive. Celebrating its tenth anniversary, the company emphasizes its commitment to innovation in high-performance RF solutions.

Guerrilla RF, Inc. (OTCQX: GUER) has entered into a distribution agreement with RFMW, a prominent distributor of RF and microwave semiconductors. This partnership aims to enhance Guerrilla RF's reach and customer relations in key markets, particularly in high-growth sectors such as 5G, automotive, and aerospace. Jeff Broxson, VP of Sales, emphasized RFMW’s global presence and technical proficiency as significant advantages for Guerrilla RF. The collaboration is expected to leverage RFMW’s engineering expertise to address the challenges of a rapidly evolving tech industry, boosting Guerrilla RF's growth momentum.

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.