---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-026826"
form_type: "8-K"
ticker: "GUER"
cik: "0001832487"
company_name: "Guerrilla RF, Inc."
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:16:03.881900+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Guerrilla RF guides FY2023 revenue >$15M (30% YoY), FY2024 $21-26M; targets operating breakeven Q2 2024

## Summary
- Q3 2023 revenue guidance $3.3-3.5M (upper end of prior $3.0-3.5M); FY2023 revenue expected >$15M (~30% YoY increase).
- FY2024 revenue guided $21-26M (40% increase), driven by design wins generating >$7M annualized ongoing revenue.
- New $4M loan facility with Salem Investment Partners; backlog grew 21.8% to $6.11M as of Sept 15, 2023.
- Cost savings expected to reduce annualized expenses by $3-5M; targeting operating breakeven (ex-interest) by Q2 2024.
- Gross profit margin expected to exceed 60% for full year 2023 as fixed costs are absorbed more efficiently.

## SEC filing metadata
- accession: 0001437749-23-026826
- form_type: 8-K
- ticker: GUER
- cik: 0001832487
- company_name: Guerrilla RF, Inc.
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832487/000143774923026826/0001437749-23-026826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832487/000143774923026826/guer20230927_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-026826
- JSON: https://secwatch.observer/filing/0001437749-23-026826.json
- Plain text: https://secwatch.observer/filing/0001437749-23-026826.txt

## Key facts
- Earnings Releases
  Guerrilla RF, Inc. updated its full year 2023 guidance (reaffirmed).
  - Period: full year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: On September 27, 2023, Guerrilla RF, Inc. (the “Company”) issued a press release to provide a corporate update for guidance on full year 2023 and 2024 revenue, financing, and efforts to accelerate its path to profitability.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774923026826/0001437749-23-026826-index.htm
- Earnings Releases
  Guerrilla RF, Inc. updated its full year 2024 guidance (initiated).
  - Period: full year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: The Company anticipates revenue for full year 2024 to be between $21.0 and $26.0 million, (representing an increase of 40%) as previously announced design wins continue to ramp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774923026826/0001437749-23-026826-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.