Guerrilla RF reports record Q4 revenue $4.7M (+95.8% YoY); FY23 rev $15.1M, guides FY24 $21-26M

Guerrilla RF, Inc.

Q4 revenue $4.7M (+95.8% YoY); FY23 revenue $15.1M (+30.2%), at upper end of guidance.
Q4 operating loss $2.1M, down 43.2% from Q3; R&D expenses down $0.5M.
FY23 contribution margin 70.5%; Q4 gross margin 56.8%; new product revenue 22.1% of product revenue.
Backlog $6.0M at year-end, rose to $7.9M (all-time high) on Jan 12, 2024.
FY24 revenue guidance $21-26M; expects cash flow breakeven; preliminary lender agreement for maturity extension.

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 0.9

Guerrilla RF, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 16, 2024, Guerrilla RF, Inc. (the “Company”) issued an earnings release to announce its financial results for the fourth quarter and full year ended December 31, 2023.

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Guerrilla RF, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-001321

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