Guerrilla RF, Inc. announced an initial purchase order (PO) of $1.0 million for a new point-to-multipoint (PTMP) wireless infrastructure design win associated with its popular GRF2013 gain block. Delivery is scheduled for early second quarter 2024. Management estimates the upper end of the design win to offer a $3.5 million opportunity for calendar year 2024, of which the Company has only included $1.0 million in released projections. This is a new production ramp and adds to existing sales.

“The GRF2013 has proven to be one of our most popular high-performance amplifiers for a multitude of applications,” says Ryan Pratt, Guerrilla RF founder and chief executive officer. “In this instance, our signature gain block is being used within an access point for a new high-capacity 6 GHz PTMP network. This initial PO for the point-to-multipoint market is significant since it represents our first design win for an infrastructure-grade system utilizing the new WiFi 6E standard. The 6E protocol promises to yield sizable gains in subscriber capacity and network scalability for PTMP fixed wireless networks utilizing the expanded 160 MHz channels in the new, low-noise 6 GHz band.”

Operating over a frequency range of 0.05 to 8 GHz, the GRF2013 is just one of 25+ gain blocks included within the company’s extensive portfolio of semiconductor offerings. Each of these gain block variants has been tailored to accentuate specific combinations of gain, noise, linearity and compression performance over select frequency bands of operation. As with all components found within the company’s portfolio, these gain blocks target wireless infrastructure applications demanding the highest level of performance.

(Previously Announced) Corporate Highlights:

• November 2023 shipments 259.7 percent higher than same period 2022, representing highest monthly deliveries by the company.
• Management confirms full year 2023 revenue guidance of between $14.7 and $15.2 million, a minimum growth rate of 26.7 percent 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 PO and shipment to the satellite communications (satcom) market with PO from a tier 1 satcom company. The initial PO was $360,000, the majority of which was shipped by year-end 2023. The company expects satcom 2024 revenues to exceed $1.0 million and the total market opportunity to exceed $560 million.
• ISO 9001 Audit complete and with certification renewed.