Highest-materiality recent filing
Guerrilla RF Q2 revenue $8.0M (+49% YoY); operating income $1.0M; backlog $13.6M
Record quarterly revenue of $8.0M, up 49% YoY; catalog business grew 142% to $5.0M.
Guerrilla RF stockholders elect directors, ratify Forvis Mazars as auditor
David Bell elected to three-year term: 12,422,532 votes for, 18,249 withheld.
Guerrilla RF Q1 revenue $6.5M (+48% YoY); net income $1.1M vs loss
Revenue $6.5M, up 48% YoY; catalog revenue surged 207%.
Guerrilla RF Q4 revenue $6.7M (+53% YoY); achieves operating profit and positive operating cash flow
Q4 revenue $6.7M (record, +53% YoY); gross margin 66.4% (+600 bps YoY); operating income $55k vs loss -$3.1M.
Guerrilla RF extends loan term by 12 months, revises repayment schedule to $200k-$1.3M through 2029
Amendment No. 3 with Salem extends maturity and adjusts principal payments: $200k (2026), $1.5M (2027), $1.5M (2028), $1.3M (2029).
Guerrilla RF Reports Record Q3 2025 Revenue of $6.3M, Up 39% YoY
Record quarterly revenue of $6.3 million, up 39% year-over-year from $4.5 million.
Guerrilla RF Q2 revenue $5.4M (-12% YoY); operating loss widens to $1.4M
Revenue $5.4M (down 12% YoY) as prior year $1.7M wireless infra design win did not recur.
Guerrilla RF shareholders elect directors, approve equity plan amendment, ratify auditor
Elected Ryan Pratt, Gary Smith, Thomas B. Ellis (three-year terms) and Todd B. Hammer (one-year term) as directors.
Guerrilla RF Q1 revenue down 14% to $4.4M; operating loss widens to $3.2M
Revenue of $4.4M decreased 14% YoY; wireless infrastructure design win of $1.5M in Q1 2024 did not recur.
Guerrilla RF FY24 revenue $20.1M (+33%), gross margin 63.7%; Q4 net income $1.58M
Full-year 2024 revenue $20.1M, up 33.4% YoY; gross profit $12.8M (+49.8%) with margin 63.7% (up from 57.1%).
Guerrilla RF announces CFO retirement and appointment of Mike John-Williams
CFO John Berg retires effective Jan 8, 2025; succeeded by Mike John-Williams.
Guerrilla RF reports 125% YoY growth in Satcom business driven by direct-to-cell satellite apps
125% YoY growth in Satcom business driven by direct-to-cellular satellite apps.
Guerrilla RF Q3 revenue $4.5M (+34% YoY); guides FY2024 to lower end of $20-25M
Gross margin expanded 956 bps to 65.3%; contribution margin 77.2%.
Guerrilla RF posts record Q2 revenue of $6.1M, cuts FY2024 guidance to $20M-$25M
Revenue $6.11M (+61.7% YoY); gross margin 65.3% vs 59.0% prior year (up 631 bps).
Closed $22.0M private placement with North Run Capital affiliate; net proceeds ~$21.6M after expenses.
Guerrilla RF cuts debt from $12M to $4.5M, extends maturity, lowers rate to 12%
Principal paid down from $12.0M to $4.5M, including full Junior Tranche repayment and $2M Senior Tranche prepayment.
Guerrilla RF posts record Q1 revenue $5.1M and corrects prior depreciation figure
Record revenue of $5.1M in Q1 2024, +59.4% YoY.
Q1 record revenue $5.1M (+59% YoY); GM 63.2% (+640bps Q/Q); $5M placement closed; guides $21-26M
Revenue $5.1M, +59.4% YoY, +8.5% Q/Q; operating loss narrowed to $1.8M from $3.7M.
Guerrilla RF reduces authorized shares from 300M to 50M following stockholder vote
Stockholders granted authority to board on May 2, 2024 to cut authorized shares to 50M, proportional to 2023 1-for-6 reverse split.
Guerrilla RF acquires Gallium Semiconductor's GaN portfolio for wireless infra, mil, satcom
Acquisition closed April 26, 2024, includes all GaN power amplifiers, front-end modules, and IP.
Guerrilla RF reports record Q4 revenue $4.7M (+93.6% YoY); FY23 revenue $15.1M; guides FY24 $21-26M
Q4 2023 revenue $4.7M (up 93.6% YoY); full-year 2023 revenue $15.1M (up 30.2% YoY).
Guerrilla RF completes $5.0M private placement, extends debt facility maturity to Jan 2026
Sold ~2M shares and warrants at $2.50/unit; net proceeds ~$2.9M after fees; converted $1.5M debt to equity.
Guerrilla RF reports record Q4 revenue $4.7M (+95.8% YoY); FY23 rev $15.1M, guides FY24 $21-26M
Q4 revenue $4.7M (+95.8% YoY); FY23 revenue $15.1M (+30.2%), at upper end of guidance.
Guerrilla RF receives $1M PO for PTMP WiFi 6E; FY2024 rev guidance $21-26M
Initial $1.0M purchase order for PTMP wireless infrastructure using GRF2013; delivery in Q2 2024.
Guerrilla RF reports record November shipments; reaffirms FY2023 revenue guidance $14.7-$15.2M
Shipments in Nov 2023 exceeded prior record month by 25.3% and Nov 2022 by 259.7%.
Guerrilla RF Q3 revenue $3.4M (+52% YoY); net loss $4.5M; backlog $6.0M
Product revenue $3.35M (+66% YoY); total revenue $3.37M including royalties.
Q3 2023 revenue guidance $3.3-3.5M (upper end of prior $3.0-3.5M); FY2023 revenue expected >$15M (~30% YoY increase).
Guerrilla RF draws $1.75M new debt at 14% PIK; management takes 20% pay cut; secures first SATCOM PO
Amended loan with Salem: $4M additional available, $1.75M drawn at 14% PIK, 660k shares issued as partial consideration.
Guerrilla RF draws additional $1.5M under existing loan at 14% PIK; issues 400k shares to lender
Drew $1.5M additional advance under Salem loan facility; 14% interest, PIK until August 2027 maturity.
Guerrilla RF Q2 revenue up 22% YoY to $3.8M; net loss widens to $3.8M
Q2 revenue $3.8M (+22.4% YoY), gross margin 59.0%, product revenue up 25% YoY.
Guerilla RF issues $500K convertible note at 16% interest, convertible at $6/share
Principal $500,000, simple interest 16% p.a., maturity Dec. 31, 2024.
Guerrilla RF issues $260K convertible notes at 8% interest; board members invest $130K
Aggregate principal of $260,000 in unsecured convertible notes issued to accredited investors; 8% simple interest.
Guerrilla RF delays IPO and Nasdaq uplist; executives defer salaries for capital raise
Postpones IPO and Nasdaq uplist temporarily due to unfavorable market conditions; exploring other up-listing pathways.
Reverse split effective 12:01 a.m. ET on April 17, 2023; every 6 shares become 1 share.
Guerrilla RF shareholders authorize board to effect reverse stock split up to 1:20
Reverse split authorized at ratio between 1:2 and 1:20, board to set exact ratio within one year.
Guerrilla RF had $2.2M at Silicon Valley Bank; FDIC confirms full deposit access
Company held ~$2.2M in deposits at Silicon Valley Bank as of March 10, 2023.
Guerrilla RF completes $9.2M private placement equity financing
Gross proceeds $9.2M from ~7.1M units at $1.30/unit.
Guerrilla RF appoints Virginia Summerell to Board of Directors
Virginia Summerell appointed to Board effective Feb 20, 2023.
Guerrilla RF receives $2.4M purchase order from automotive supplier, five months ahead of schedule
$2.4M purchase order from leading automotive supplier for eight design wins announced in Nov 2022.
Guerrilla RF closes initial $5M private placement; warrants at $2.00 per share
Initial closing raised $5.0M gross from 57 accredited investors selling ~3.9M units at $1.30/unit.
Guerrilla RF Q3 net loss $3.67M vs $0.5M prior year; revenue flat at $2.22M
Revenue $2.22M (+2% YoY); gross margin 57.2% (up 90 bps); contribution margin 75.1% (up 600 bps).
Guerrilla RF launches new ¼W linear PA GRF5521 for 5G/4G; to present at LD Micro conference
GRF5521 delivers 23.5dBm linear power, ACLR <-45dBc without DPD, operates -40°C to 85°C.
Guerrilla RF confirms first design wins for new DSA GRF6402; shipments start 2023
Design wins confirmed with strategic customers for GRF6402 digital step attenuator.
Guerrilla RF appoints Susan Barkal to Board of Directors, effective Sept. 5, 2022
Board expanded to 7 directors with the appointment of Susan Barkal on Sept. 5, 2022.
Guerrilla RF secures up to $8M loan facility from Salem Investment Partners at 13% interest
Initial advance of $5M, with up to $3M additional at Salem's discretion over 12 months.
Guerrilla RF Q2 revenue up 10.4% to $3.1M but net loss widens to $2.74M
Q2 revenue $3.1M (+10.4% YoY); YTD revenue $7.0M (+24.6% YoY).
Guerrilla RF now sampling three new 5G RF chips: power amplifiers and digital step attenuator
GRF5526 (2.5-2.7GHz) and GRF5536 (3.3-4.2GHz) 0.25W PAs deliver 23dBm linear power without DPD; $1.78 (10k).
Guerrilla RF to present at LD Micro Invitational XII on June 7, 2022
Presenting at 7:30 a.m. PDT on June 7, 2022 at the Four Seasons Westlake Village, Los Angeles.
Guerrilla RF enters $3M secured credit facility with SPECTRUM; terminates prior factoring
AR credit line up to $3M at 85% of eligible accounts receivable; equipment loan up to $500k at 75% of cost; inventory loan up to $350k.
Guerrilla RF appoints FORVIS as new auditor after merger of DHG and BKD
Auditor changed from Dixon Hughes Goodman to FORVIS, LLP effective June 1, 2022, following merger with BKD LLP.
announcing the retirement of its Chief Financial Officer, John Berg, and the appointment of his successor, Mike John-Williams, effective January 8, 2025
announcing the retirement of its Chief Financial Officer, John Berg, and the appointment of his successor, Mike John-Williams, effective January 8, 2025
the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.
the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.
Effective February 20, 2023, the Board of Directors (the “Board”) of Guerrilla RF, Inc. (the “Company”) appointed Virginia Summerell (age 63) to serve as a member of the Board.
Effective September 05, 2022, the Board of Directors (the “Board”) of Guerrilla RF, Inc. (the “Company”) appointed Susan Barkal to serve as a member of the Board.
On December 8, 2021, Samuel Funchess, Sr. gave notice of his resignation from the Board of Directors of Guerrilla RF, Inc.
Mr. Funchess will continue to serve as a director of the Company until January 1, 2022, subsequent to which, he has agreed to commence a senior executive position at the Company.
Max materiality 0.85 · Median 0.65 · Most common event other_material