Guerrilla RF Q4 revenue $6.7M (+53% YoY); achieves operating profit and positive operating cash flow

Fourth Quarter 2025 Highlights ● Revenue increased 53% year over year to $6.7 million, a new quarterly record ● Gross profit rose 68% year over year to $4.5 million. ● Gross profit margin increased to 66.4%, up 600 basis points year over year. ● Operating expenses declined 24% year over year to $4.4 million, reflecting the efficiency actions the Company executed during the year. ● Achieved operating income of approximately $55 thousand, a significant improvement compared to an operating loss of $3.1 million in the prior year quarter. ● Generated positive operating cash flow of $1.1 million, marking a significant financial milestone.

Full Year 2025 Highlights Management believes these full year 2025 results demonstrate a clear transition towards profitability, with substantial operating loss reduction, improved margins, and significantly lower cash burn. ● Revenue increased 13% to $22.7 million, reflecting continued product momentum. ● Gross profit grew 16% to $14.9 million, outpacing revenue as a result of changes in product price and mix. ● Gross profit margin expanded to 65.3%, up 160 basis points, demonstrating improving product mix and scale benefits. Significant Operating Leverage and Loss Reduction ● Operating loss improved by $4.1 million to $4.7 million, at 47% year over year reduction. ● Total operating expenses declined by $2.1 million, or 10%, driven by disciplined cost management. Dramatic Improvement in Cash Efficiency ● Cash used in operations reduced to $1.4 million, compared to $6.7 million in 2024, representing an approximately 79% improvement. ● Improvement driven by stronger margins, lower opera