Guerrilla RF, Inc.

Guerrilla RF, Inc. reported record second quarter 2026 financial results, with revenue increasing 49% year-over-year to $8.0 million. The company achieved a gross margin of 70.9% and generated $1.0 million in operating income and $2.4 million in operating cash flow. Growth was primarily driven by its catalog business, particularly aerospace and defense, and the company ended the quarter with a record $13.6 million product backlog. Additionally, Guerrilla RF is actively evaluating a potential uplisting to the Nasdaq Stock Market.

Guerrilla RF, Inc. held its Annual Meeting on June 3, 2026, where stockholders voted on key proposals. The company's stockholders elected David Bell and Todd B. Hammer to serve as directors for three-year terms. Additionally, the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Guerrilla RF reported a significant turnaround in Q1 2026, achieving a net income of $1.12 million compared to a net loss of $3.54 million in the prior year period. This positive shift was driven by a 47.7% increase in total revenue to $6.46 million and a substantial reduction in operating loss. The company also improved its cash burn from operating activities and extended the maturity of its Salem Loan Facility.

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.