10-K - Guerrilla RF, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Guerrilla RF, Inc. reported FY 2025 revenue of $22.7M, a 13% increase from $20.1M in FY 2024. The growth was driven by a 58% increase in automotive and a 39% increase in catalog product sales, which offset a 75% decline in wireless infrastructure revenue. Gross profit improved to $14.9M (65.3% margin) from $12.8M (63.7% margin) due to favorable product mix and pricing actions. Operating loss narrowed to $4.7M from $8.8M, reflecting a $2.1M reduction in operating expenses. However, net loss was $7.0M, impacted by a $1.5M non-cash loss from the change in fair value of warrant liabilities. The company ended the year with $4.2M in cash and generated positive operating cash flow in Q3 and Q4 2025, but used $1.4M net cash in operations for the full year. Management believes existing resources provide sufficient liquidity for at least the next twelve months.

Key Takeaways

1Revenue grew 13% to $22.7M, driven by 58% automotive and 39% catalog growth.

2Gross margin improved 160 basis points to 65.3% due to product mix and pricing.

3Operating loss narrowed to $4.7M from $8.8M as expenses decreased by $2.1M.

4Net loss was $7.0M, including a $1.5M non-cash loss on warrant liabilities.

5Cash balance was $4.2M with positive operating cash flow in Q3 and Q4 2025.

Key Financial Metrics

EPS

-$1

-$1.12 prior year

Revenue

$22.7M

+13%

Net Income

-$7.0M

+35%

Gross Margin

65.3%

63.7% prior year

Gross Profit

$14.9M

+16%

Operating Income

-$4.7M

+47%

operating margin

-20.5%

Business Segments

AutomotiveRevenue increased 58% year-over-year.

Disclosed as growth driver+58% YoY

Catalog MarketsRevenue increased 39% year-over-year.

Disclosed as growth driver+39% YoY

Wireless InfrastructureRevenue declined 75% year-over-year.

Disclosed as declining segment-75% YoY