Guerrilla RF Q2 revenue up 22% YoY to $3.8M; net loss widens to $3.8M

Guerrilla RF, Inc.

Q2 revenue $3.8M (+22.4% YoY), gross margin 59.0%, product revenue up 25% YoY.
Net loss $3.82M ($0.56/share) vs $2.74M ($0.49) YoY; operating loss $3.4M.
Backlog $5.6M (up from $3.3M YoY); Q3 revenue guidance $3.0-3.5M.
Cash $238K; subsequent $2.3M funding via convertible notes and loan advance.
R&D expense up 25.9% to $2.7M; shipped 175M units since inception.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Guerrilla RF, Inc. reported the second quarter ended June 30, 2023 results: revenue $3.8 million, EPS $0.56.

Period: the second quarter ended June 30, 2023
Revenue: $3.8 million
EPS: $0.56
Result: reported results

Exact text from the filing

solutions, today announced its financial and operating results for the second quarter ended June 30, 2023. “Our Q2 revenue experienced a 22.4% year-over-year increase to $3.8 million, ands we raised our gross profit margins to 59.0%,” said Ryan Pratt, founder and CEO. “This demonstrates the ongoing traction that we’ve generated from our expanding product

View on SEC.gov

Browse all earnings releases →

Guerrilla RF, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-023814

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.