Quarterly ResultMay 6, 2026, 08:07 AM
Guerrilla RF Q1 Revenue Up 48% to $6.5M; Net Income $1.1M
AI Summary
Guerrilla RF reported its strongest first quarter in company history, with revenue increasing 48% year-over-year to $6.5 million, driven by a 207% surge in catalog revenue. The company achieved near operating breakeven, narrowing its operating loss to $46 thousand, and reported a net income of $1.1 million. Gross margin expanded significantly to 69.9%, and product backlog grew to $8.8 million, positioning the company for continued growth and profitability.
Key Highlights
- Revenue increased 48% year-over-year to $6.5 million.
- Gross margin expanded 880 basis points to 69.9%.
- Operating loss narrowed to $46 thousand, a $3.1 million improvement.
- Net income was $1.1 million, compared to a $3.5 million loss in the prior year.
- Earnings per share were $0.06, up from ($0.34) year-over-year.
- Product backlog grew 31% year-over-year to $8.8 million.
- Catalog revenue surged 207% to $4.8 million.
- Total operating expenses decreased 22% to $4.6 million.