Guerrilla RF, Inc. shareholders approved Ratify the appointment of Forvis Mazars, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-06-03 meeting.
“Proposal 2: To ratify the appointment of Forvis Mazars, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. 14,076,449 12,597 — 314 —”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved Election of the following nominees as directors of the Company for the terms specified: David Bell and Todd B. Hammer at the 2026-06-03 meeting.
“The Company’s stockholders (i) elected each of the two persons listed below under Proposal 1 to serve as directors of the Company for the term specified, or until their successors are duly elected and qualified, and (ii) ratified the appointment of Forvis Mazars, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with votes cast as follows. Proposal or Name of Nominee Shares Voted “For” Shares Voted “Against” Shares Withheld Shares Abstained Broker Non-Votes Proposal 1: The election of the following nominees as directors of the Company for the terms specified. David Bell for a three-year term, or until a successor has been elected and qualified. 12,422,532 — 18,249 — 1,648,579 Todd B. Hammer for a three-year term, or until a successor has been elected and qualified. 12,430,071 — 10,710 — 1,648,579”
Earnings Releases
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”
Earnings Releases
Guerrilla RF, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.
“On January 16, 2024, Guerrilla RF, Inc. (the “Company”) issued an earnings release to announce its financial results for the fourth quarter and full year ended December 31, 2023.”
Earnings Releases
Guerrilla RF, Inc. reported full year 2024 results: revenue $21.0 and $26.0 million. Guidance initiated.
“Management expects full year 2024 revenue to be between $21.0 and $26.0 million.”
Earnings Releases
Guerrilla RF, Inc. reported full year 2023 results: revenue $14.7 and $15.2 million. Guidance reaffirmed.
“Management expects full year 2023 revenue to be between $14.7 and $15.2 million.”
Earnings Releases
Guerrilla RF, Inc. reported the third quarter ended September 30, 2023 results: revenue $3.4 million, EPS $0.62. Guidance reaffirmed.
“solutions, today announced its financial and operating results for the third quarter ended September 30, 2023. “Our Q3 revenue experienced a 51.7% year-over-year increase to $3.4 million, as we grew our sales in the automotive sector.” said Ryan Pratt, founder and CEO. “We continue to experience expanding product sales in the automotive sector and other growth”
Earnings Releases
Guerrilla RF, Inc. updated its full year 2024 guidance (initiated).
“The Company anticipates revenue for full year 2024 to be between $21.0 and $26.0 million, (representing an increase of 40%) as previously announced design wins continue to ramp.”
Earnings Releases
Guerrilla RF, Inc. updated its full year 2023 guidance (reaffirmed).
“On September 27, 2023, Guerrilla RF, Inc. (the “Company”) issued a press release to provide a corporate update for guidance on full year 2023 and 2024 revenue, financing, and efforts to accelerate its path to profitability.”
Debt Financings
Guerrilla RF, Inc. incurred credit facility of up to $4.0 million with Salem Investment Partners V, Limited Partnership at 14.0% per annum maturing April 30, 2024.
“an amended and restated loan agreement (the “Agreement”) with Salem Investment Partners V, Limited Partnership (“Salem”) in order to provide for additional advances of up to $4.0 million (the “Additional Advances”) to be made under the existing loan facility. On September 6, 2023, the Company drew down $1.75 million of the Additional Advances, leaving up to”
Material Agreements
Guerrilla RF, Inc. amended Agreement with Salem Investment Partners V, Limited Partnership valued at up to $4.0 million (effective 2023-09-05).
“On September 5, 2023, Guerrilla RF, Inc. (the "Company") entered into an amended and restated loan agreement (the "Agreement") with Salem Investment Partners V, Limited Partnership ("Salem") in order to provide for additional advances of up to $4.0 million”
Debt Financings
Guerrilla RF, Inc. incurred loan of $1.5 million with Salem Investment Partners V, Limited Partnership at 14.0% per annum maturing August 2027.
“On August 14, 2023, Guerrilla RF, Inc. (the “Company”) drew down an additional $1.5 million (the “Additional Advance”) under its existing loan facility with Salem Investment Partners V, Limited Partnership (“Salem”).”
Material Agreements
Guerrilla RF, Inc. terminated Voluntary Salary Deferral Program with Guerrilla RF, Inc. valued at Terminated effective August 18, 2023 (effective 2023-08-18).
“The Company’s voluntary salary deferral program, as more fully described in the Current Report on Form 8-K filed with the SEC on July 3, 2023, has been terminated, effective, August 18, 2023.”
Material Agreements
Guerrilla RF, Inc. amended Loan Agreement with Salem Investment Partners V, Limited Partnership valued at Additional advance of $1,500,000 at 14% interest, PIK, issuance of 400,000 shares, and closing fee o (effective 2023-08-14).
“On August 14, 2023, Guerrilla RF, Inc. (the “Company”) drew down an additional $1.5 million (the “Additional Advance”) under its existing loan facility with Salem Investment Partners V, Limited Partnership (“Salem”). In connection with the additional draw, the Company executed a Promissory Note and entered into an Amendment to the existing Loan Agreement.”
Earnings Releases
Guerrilla RF, Inc. reported the second quarter ended June 30, 2023 results: revenue $3.8 million, EPS $0.56.
“solutions, today announced its financial and operating results for the second quarter ended June 30, 2023. “Our Q2 revenue experienced a 22.4% year-over-year increase to $3.8 million, ands we raised our gross profit margins to 59.0%,” said Ryan Pratt, founder and CEO. “This demonstrates the ongoing traction that we’ve generated from our expanding product”
Material Agreements
Guerrilla RF, Inc. entered into Purchase Agreement with an accredited investor valued at $500,000.00 (effective 2023-07-24).
“On July 24, 2023, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Purchaser”) pursuant to which the Company issued an unsecured convertible promissory note (the “Convertible Note”) in the principal amount of $500,000.00.”
Material Agreements
Guerrilla RF, Inc. entered into Note Purchase Agreement with certain accredited investors valued at Aggregate principal amount of $260,000.00 of unsecured convertible promissory notes (effective 2023-07-12).
“On July 12, 2023, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) pursuant to which the Company issued unsecured convertible promissory notes (the “Convertible Notes”) in the aggregate principal amount of $260,000.00 (the “Private Placement”).”
Material Agreements
Guerrilla RF, Inc. amended the Amendment with Salem Investment Partners V, Limited Partnership (effective 2023-06-30).
“On June 30, 2023, the Company entered into an amendment to its existing loan agreement with Salem Investment Partners V, Limited Partnership (the “Amendment”).”
Governance Changes
Guerrilla RF, Inc.: Filed Certificate of Amendment to effect 1-for-6 reverse stock split of Common Stock (effective 2023-04-17).
“On April 14, 2023, 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 a 1-for-6 reverse stock split of the shares of the Common Stock (the “Reverse Stock Split”).”
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, 2023. at the 2023-04-05 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, 2023. 23,397,434 7,381 — — —”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To grant discretionary authority to the Board to amend the Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding shares of common stock, at any time within one year after stockholder approval is obtained, by a ratio of not less than 1-for-2 and not more than 1-for at the 2023-04-05 meeting.
“Proposal 2: To grant discretionary authority to the Board to amend the Certificate of Incorporation to effect a reverse stock split of the Company ’ s outstanding shares of common stock, at any time within one year after stockholder approval is obtained, by a ratio of not less than 1-for-2 and not more than 1-for-20, with the exact ratio to be set within this range as determined by the Board in its sole discretion. 22,907,599 470,613 — 26,601 —”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To elect one person to serve as a Class III director of the Company until the 2024 Annual Meeting of Stockholders or until her successor is duly elected and qualified. at the 2023-04-05 meeting.
“Proposal 1b: To elect one person to serve as a Class III director of the Company until the 2024 Annual Meeting of Stockholders or until her successor is duly elected and qualified. Virginia Summerell 21,939,907 — 22,339 — 1,442,567”
Shareholder Votes
Guerrilla RF, Inc. shareholders approved To elect two persons to serve as Class II directors of the Company until the 2026 Annual Meeting of Stockholders or until their successors are duly elected and qualified. at the 2023-04-05 meeting.
“Proposal 1a: To elect two persons to serve as Class II directors of the Company until the 2026 Annual Meeting of Stockholders or until their successors are duly elected and qualified. David Bell 21,939,907 — 22,339 — 1,442,567 Susan Barkal 21,939,907 — 22,339 — 1,442,567”
Virginia Summerell was appointed as Director at Guerrilla RF, Inc..
“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.”
Material Agreements
Guerrilla RF, Inc. entered into Registration Rights Agreement with the Purchasers (effective 2022-12-30).
“In connection with the Offering, the Company also entered into a registration rights agreement (the “Registration Rights Agreement”) with the Purchasers, pursuant to which the Company is required to prepare and file a registration statement with the Securities and Exchange Commission (the “SEC”) covering the resale of (i) the shares of Common Stock issued to the Purchasers in the Offering, and (ii) the shares of Common Stock issuable upon exercise of the Warrants (the “Warrant Shares”) within 30 days following the final closing of the Offering.”
Material Agreements
Guerrilla RF, Inc. entered into Unit Purchase Agreement with 57 accredited investors (the “Purchasers”) valued at up to $10.0 million (effective 2022-12-30).
“On December 30 , 2022, Guerrilla RF, Inc. (the “Company”) announced the initial closing of its private placement of up to $10.0 million in aggregate gross proceeds for the Company (the “Offering”) as it entered into a Unit Purchase Agreement (the “Unit Purchase Agreement”) with 57 accredited investors (the “Purchasers”) pursuant to which the Company sold 3,882,340 units (the “Units”), each Unit consisting of one (1) share of the Company’s common stock, par value $0.0001 per share (“Common Stock”) and one (1) warrant to purchase one-half (0.5) of a share of Common Stock (the “Warrant”).”
Earnings Releases
Guerrilla RF, Inc. reported three- and nine-month periods ended September 30, 2022 results: revenue $2.22 million. Guidance reaffirmed.
“the added design wins and our continued aggressive business development activities.” Financial Results for Three Months Ended September 30, 2022 Revenues increased slightly to $2.22 million for the three months ended September 30, 2022, as compared to $2.17 million for the three months ended September 30, 2021. The increase in revenues was attributable to an”
Susan Barkal was appointed as Director at Guerrilla RF, Inc..
“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.”
Samuel Funchess, Sr. was appointed as Senior Executive at 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.”
Samuel Funchess, Sr. resigned as Director at Guerrilla RF, Inc..
“On December 8, 2021, Samuel Funchess, Sr. gave notice of his resignation from the Board of Directors of Guerrilla RF, Inc.”
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.