Guerrilla RF reports record November shipments; reaffirms FY2023 revenue guidance $14.7-$15.2M

Guerrilla RF, Inc.

Shipments in Nov 2023 exceeded prior record month by 25.3% and Nov 2022 by 259.7%.
Eight design wins from Nov 2022 expected to generate aggregate peak volume of 30M units per year.
FY2023 revenue guidance $14.7-$15.2M (minimum 26.7% growth); FY2024 guidance $21.0-$26.0M.
Management expects operational cash flow breakeven (excluding interest & non-operating) by mid-2024.
SATCOM initial PO $360K; expects SATCOM 2024 revenues >$1.0M. ISO 9001 certification renewed.

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