Guerrilla RF Q3 revenue $4.5M (+34% YoY); guides FY2024 to lower end of $20-25M

Guerrilla RF, Inc.

Gross margin expanded 956 bps to 65.3%; contribution margin 77.2%.
Operating loss narrowed to $2.6M from $3.7M YoY; Adjusted EBITDA loss $1.7M.
Closed $22M private placement; reduced primary loan to $4.5M, extended maturity to Dec 2028.
Released 9 new products in Q3 (5 GaN); total 23 in 2024 vs 12 in 2023.
Net loss per share $0.71 vs $0.62 YoY; revenue guidance lowered to $20M lower end.

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