Guerrilla RF posts record Q1 revenue $5.1M and corrects prior depreciation figure

Guerrilla RF, Inc.

Record revenue of $5.1M in Q1 2024, +59.4% YoY.
Gross margin 63.2%, up 640 bps sequentially from Q4 2023.
Operating loss narrowed to $1.8M vs $3.7M; Adj. EBITDA loss $1.1M.
Backlog increased to $8.3M, up 27.7% from Q1 2023.
Corrected Q1 2023 depreciation to $398,321 (was $39,832), improving prior EBITDA/Adj. EBITDA.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Guerrilla RF, Inc. reported the first quarter 2024 ended March 31, 2024 results: revenue $5.1 million. Guidance reaffirmed.

Period: the first quarter 2024 ended March 31, 2024
Revenue: $5.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art RF and microwave semiconductors, today announced results for the first quarter 2024 ended March 31, 2024. The Company achieved record revenues of $5.1 million for the first quarter 2024, a 59.4% increase as compared to the first quarter of 2023.

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Source: SEC EDGAR

accession 0001437749-24-017110

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