Guerrilla RF, Inc. reported first quarter ended March 31, 2026 results: revenue $6.5 million, net income $1.1 million, EPS $0.06.
“Guerrilla RF Reports First Quarter 2026 Results Revenue of $6.5 Million, Up 48% YoY Gross Margin Expands to 69.9%, Up ~880 Basis Points YoY Operating Loss Narrows to Near Breakeven at ($46) Thousand Product Backlog Grows to $8.8 Million”
Earnings Releases
Guerrilla RF, Inc. reported the year ended December 31, 2025 results: revenue $22.7 million, EPS $0.67.
“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”
Earnings Releases
Guerrilla RF, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $6.7 million.
“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.”
Material Agreements
Guerrilla RF, Inc. amended Amendment No. 3 to Amended and Restated Loan Agreement with Salem Investment Partners V, Limited Partnership (effective 2025-12-30).
“On December 30, 2025, the Company entered into Amendment No. 3 to Amended and Restated Loan Agreement (the “Salem Amendment”) with its primary lender, Salem Investment Partners V, Limited Partnership (“Salem”).”
Mike John-Williams was appointed as Chief Financial Officer at Guerrilla RF, Inc..
“announcing the retirement of its Chief Financial Officer, John Berg, and the appointment of his successor, Mike John-Williams, effective January 8, 2025”
John Berg retired as Chief Financial Officer at Guerrilla RF, Inc..
“announcing the retirement of its Chief Financial Officer, John Berg, and the appointment of his successor, Mike John-Williams, effective January 8, 2025”
Todd B. Hammer was appointed as Director at Guerrilla RF, Inc..
“the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.”
Thomas B. Ellis was appointed as Director at Guerrilla RF, Inc..
“the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.”
Earnings Releases
Guerrilla RF, Inc. reported the first quarter 2024 ended March 31, 2024 results: revenue $5.1 million. Guidance reaffirmed.
“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.”
Earnings Releases
Guerrilla RF, Inc. reported first quarter ended March 31, 2024 results: revenue $5.1 million. Guidance reaffirmed.
“Guerrilla RF Reports Record First Quarter 2024 Results and Gross Margin Expansion ● Record revenue quarter of $5.1 million”
Governance Changes
Guerrilla RF, Inc.: Reduction of authorized shares of common stock from 300,000,000 to 50,000,000, proportional to the 1-for-6 reverse stock split effected in 2023, approved by board and filed with Delaware Secretary of State (effective 2024-05-02).
“On May 2, 2024, the Board approved the Authorized Shares Reduction and the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Authorized Shares Reduction.”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To ratify the appointment of FORVIS, LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024. at the 2024-05-02 meeting.
“Proposal 3: To ratify the appointment of FORVIS, LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024. 5,138,449 2,081 — 2,187 —”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To grant discretionary authority to the Board to amend the Company's amended and restated certificate of incorporation to effect a reduction in the total number of authorized shares of common stock to 50,000,000, proportional to the effect of the 1-for-6 reverse stock split that was effected in 2023 at the 2024-05-02 meeting.
“Proposal 2: To grant discretionary authority to the Board to amend the Company's amended and restated certificate of incorporation to effect a reduction in the total number of authorized shares of common stock to 50,000,000, proportional to the effect of the 1-for-6 reverse stock split that was effected in 2023. 5,038,322 98,463 — 5,930 —”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To elect three persons to serve as Class III directors of the Company until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified. at the 2024-05-02 meeting.
“Proposal 1: To elect three persons to serve as Class III directors of the Company until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified. James (Jed) E. Dunn, Jr. 4,598,808 — 48,758 — 495,149 William J. Pratt 4,595,794 — 51,772 — 495,149 Virginia Summerell 4,597,632 — 49,934 — 495,149”
Material Agreements
Guerrilla RF, Inc. entered into Amendment No. 1 to Amended and Restated Loan Agreement with Salem Investment Partners V, Limited Partnership valued at Extended maturity of $12.0 million loan facility from April 30, 2024 to January 31, 2026; interest r (effective 2024-04-01).
“Contemporaneously with the closing of the Private Placement and the Debt Conversion, the Company entered into Amendment No. 1 to Amended and Restated Loan Agreement (the “Salem Amendment”) with its primary lender, Salem Investment Partners V, Limited Partnership ("Salem").”
Material Agreements
Guerrilla RF, Inc. entered into Securities Purchase Agreement with 11 accredited investors valued at Sale of approximately 1.4 million shares of common stock and warrants at $2.50 per unit, plus debt c (effective 2024-04-01).
“On April 1, 2024, Guerrilla RF, Inc. (the “Company”) announced it completed a private placement equity financing (the “Private Placement”), selling approximately 1.4 million shares of its common stock, par value $0.0001 per share (“Common Stock”), and accompanying warrants (“Warrants”) to purchase approximately 1.4 million shares of its Common Stock pursuant to a securities purchase agreement (the “Securities Purchase Agreement”) between the Company and 11 accredited investors (the “Purchasers”).”
Earnings Releases
Guerrilla RF, Inc. reported full year 2024 results: revenue $21.0 and $26.0 million. Guidance initiated.
“Full Year 2024 Guidance: Revenue between $21.0 and $26.0 million and Gross Profit between $12.8 and $15.9 million”
Earnings Releases
Guerrilla RF, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $4.7 million. Guidance reaffirmed.
“semiconductors, today announced record fourth quarter and full year 2023 revenue. Fourth quarter 2023 revenue increased 93.6% over the same period in 2022, coming in at $4.7 million compared to $2.4 million for the year ago quarter. Annual revenue for 2023 grew 30.2% to $15.1 million, compared to $11.6 million for 2022 as increased orders from our Automotive”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.