Guerrilla RF Swings to Operating Profit on 49% Revenue Surge, but Non-Cash Warrant Charge Drives Net Loss
GUER has more than doubled off its 52-week low of $0.9 on elevated volume (3.3× avg).
Summary
Guerrilla RF posted record Q2 revenue of $8.0M and swung to an operating profit, but a non-cash warrant liability adjustment resulted in a net loss of $2.2M.
Key Events · Earnings and Guidance · GUER
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Revenue Surges 49%
Driven by a 142% increase in the catalog category, particularly aerospace & defense applications, Q2 2026 revenue reached $8.0 million, up from $5.4 million a year ago.
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Operating Profit Achieved
Gross margin expanded to 70.9% and operating expenses declined 3%, lifting the company to operating income of $1.0 million—a $2.3 million improvement from the prior-year loss.
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Non-Cash Warrant Charge Masks Profitability
A $3.0 million non-cash loss from the change in fair value of warrant liabilities—a mark-to-market adjustment driven by the rising stock price—resulted in a net loss of $2.2 million. This is not a cash expense or new dilution.
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Cash Flow Turns Positive
Reflecting the improved operating performance, operating cash flow swung dramatically to $2.4 million in Q2 2026, from a $1.2 million use of cash in the prior year.
Analysis · GUER · Manufacturing
A strong operational quarter saw revenue jump 49% to $8.0 million, swinging the company to a $1.0 million operating profit from a $1.4 million loss a year ago. Gross margin expanded to 70.9%, and operating cash flow turned positive at $2.4 million. Yet a $3.0 million non-cash loss from the remeasurement of warrant liabilities—triggered by the higher share price—pushed the bottom line to a $2.2 million net loss. This mark-to-market charge is purely an accounting entry, not a cash outflow or new dilution. While the core business is clearly improving, the headline net loss masks the operational turnaround.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GUER was trading at $3.68 on OTC in the Manufacturing sector, with a market capitalization of approximately $39.2M. The 52-week trading range was $0.90 to $7.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.