Guerrilla RF, Inc., a leading provider of state-of-the-art radio frequency and microwave communications solutions, has announced the first production purchase order (PO) received from a tier 1 satellite communications (SATCOM) company.
Since announcing its entrance into the SATCOM market, Guerrilla RF has secured multiple design wins bringing the potential of 5G connectivity to enabled cellphones and equipment anywhere on the globe. Guerrilla RF has estimated the market opportunity for its chipset to be in excess of $560 million. Each satellite is estimated to include $20,000 to $40,000 worth of the Company’s chips.
The initial PO is for $360,000, with approximately $280,000 worth of chips requested for delivery by the end of the year. Based on current projections, the Company estimates 2024 sales to the SATCOM industry to exceed $1 million in gross revenue.
Due in part to the SATCOM order and previously announced design wins, the Company expects sales in the year's second half to exceed the $7 million in gross revenue reported in the first half. Guerrilla RF believes it worked through the inventory overhang during the second half of 2022 and is not experiencing a material level of excess inventory as other industry providers have indicated. Inventory levels appear back to normal or slightly low in our channels.
“Guerrilla RF continues to gain traction in applications that demand high-performance wireless communications,” said Ryan Pratt, CEO and founder of Guerrilla RF. “We are proud to be recognized as a stable supplier to such a demanding industry.”
Click here to learn more about Guerrilla RF on everything RF.
