Guerrilla RF reports record Q4 revenue $4.7M (+93.6% YoY); FY23 revenue $15.1M; guides FY24 $21-26M

Guerrilla RF, Inc.

Q4 2023 revenue $4.7M (up 93.6% YoY); full-year 2023 revenue $15.1M (up 30.2% YoY).
FY23 operating loss $12.9M, improved Q4 2023 operating loss $2.1M vs Q3 2023 loss $3.7M.
FY24 guidance: revenue $21-26M, gross profit $12.8-15.9M; EBITDA breakeven expected Q2 2024.
Backlog grew to $8.6M as of March 22, 2024; secured ~$5.0M private placement and debt extension.
First SATCOM production PO and shipment to tier-1 customer; 2024 SATCOM revenue expected >$1.0M.

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 fourth quarter and full year ended December 31, 2023 results: revenue $4.7 million. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $4.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

semiconductors, today announced record fourth quarter and full year 2023 revenue. Fourth quarter 2023 revenue increased 93.6% over the same period in 2022, coming in at $4.7 million compared to $2.4 million for the year ago quarter. Annual revenue for 2023 grew 30.2% to $15.1 million, compared to $11.6 million for 2022 as increased orders from our Automotive

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Guerrilla RF, Inc. reported full year 2024 results: revenue $21.0 and $26.0 million. Guidance initiated.

Period: full year 2024
Revenue: $21.0 and $26.0 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Full Year 2024 Guidance: Revenue between $21.0 and $26.0 million and Gross Profit between $12.8 and $15.9 million

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Guerrilla RF, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-010169

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