Guerrilla RF posts record Q2 revenue of $6.1M, cuts FY2024 guidance to $20M-$25M

Guerrilla RF, Inc.

Revenue $6.11M (+61.7% YoY); gross margin 65.3% vs 59.0% prior year (up 631 bps).
Operating loss narrowed to $1.2M from $3.4M; Adjusted EBITDA loss $0.5M vs $2.7M.
Closed $22M private placement on Aug 5, 2024; restructured credit facility to Dec 2028.
Automotive sales fell to 31% of revenue (vs 57% FY2023); Wireless Infrastructure grew to 35%.
Acquired GaN device portfolio; reduced FY2024 revenue guidance to $20M-$25M from prior range.

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