Guerrilla RF Q2 revenue up 10.4% to $3.1M but net loss widens to $2.74M

Guerrilla RF, Inc.

Q2 revenue $3.1M (+10.4% YoY); YTD revenue $7.0M (+24.6% YoY).
Net loss $2.74M vs $0.55M loss in Q2 2021; operating loss $2.64M vs $0.39M.
R&D and sales/marketing spending nearly doubled YoY to $2.0M and $1.17M.
Announced $8M non-dilutive debt funding to execute strategic plan.
Cash $1.7M at June 30, 2022, down from $5.3M at Dec 31, 2021; total debt increased.

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