Guerrilla RF, a leading provider of state-of-the-art radio frequency and microwave communications solutions, has announced a record month in terms of shipments in November 2023. This is 25.3% more than its previous highest month and 259.7% higher than November 2022.
"Our operations team processed and shipped the largest single-month volume in history during the month of November, as we delivered on previously announced purchase orders. We are on track to deliver the highest revenue quarter in the Company’s history and we are really proud of our sales and operations team,” said Ryan Pratt, founder and CEO. “Increasing sales and continued management of expenses gives us confidence of reaching operational cash flow breakeven mid-2024.”
Corporate Highlights:
- Management reiterated full-year 2023 revenue guidance to be between $14.7 and $15.2 million, reflecting a minimum growth rate of 26.7% for the year.
- Management expects full-year 2024 revenue to be between $21.0 and $26.0 million.
- Continued focus on expense reduction is expected to allow the Company to achieve operational cash flow breakeven by mid-2024, i.e. excluding interest expense, and other non-operating and non-recurring expenses.
- Recently announced first production purchase order (PO) and shipment to the satellite communications market (SATCOM) with PO from a tier 1 SATCOM company. The initial PO was for $360,000, the majority of which is expected to be shipped by year-end. The Company expects SATCOM 2024 revenues to exceed $1.0 million and the total market opportunity to exceed $560 million.
- ISO 9001 audit has been successfully completed, with certification renewed.
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