Guerrilla RF Q3 net loss $3.67M vs $0.5M prior year; revenue flat at $2.22M

Guerrilla RF, Inc.

Revenue $2.22M (+2% YoY); gross margin 57.2% (up 90 bps); contribution margin 75.1% (up 600 bps).
Net loss $3.67M vs $0.50M in Q3 2021; operating loss $3.35M vs $1.18M.
Cash $2.05M, down from $5.31M at Dec 31, 2021; total liabilities $11.98M.
Q4 2022 revenue guidance $2.2-2.5M, double-digit sequential and YoY growth expected.
Eight new design wins with strategic customer (30M peak units/year); 150M+ lifetime RFIC/MMIC shipments.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Guerrilla RF, Inc. reported three- and nine-month periods ended September 30, 2022 results: revenue $2.22 million. Guidance reaffirmed.

Period: three- and nine-month periods ended September 30, 2022
Revenue: $2.22 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the added design wins and our continued aggressive business development activities.” Financial Results for Three Months Ended September 30, 2022 Revenues increased slightly to $2.22 million for the three months ended September 30, 2022, as compared to $2.17 million for the three months ended September 30, 2021. The increase in revenues was attributable to an

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Guerrilla RF, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-026514

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