Guerrilla RF, Inc · OTC:GUER
Guerrilla RF — Corporate Update (2026)
16 slides from Guerrilla RF's corporate update, Oct 11, 2026
Slide 1: Making Better Networks: Business Update
Making Better NetworksTM Business Update
Slide 2: Where You Can Find More Information; Forward-Looking Statements
Where You Can Find More Information Guerrilla RF, Inc. (the “Company”) is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and files annual, quarterly and current reports, proxy statements and other information with the Securities and
Slide 3: A Differentiated RF Platform: High Growth, High Margin, Durable Moats
Guerrilla RF|A Differentiated RF Platform: High Growth, High Margin, Durable Moats 2Q26 RESULTS ~50% 70.9% 19.2% REVENUE GROWTH GROSS MARGIN EBITDA MARGIN year over year EBITDA + SBC Differentiated fabless platform in High growth, high margin, strong Durable competitive advantages attractive markets
Slide 4: Analog RF 101: If Information Moved Without a Wire, an RF Chip Moved it
Analog RF 101|If Information Moved Without a Wire, an RF Chip Moved it Alternating Static electric Electric & magnetic Visible Ultra- Radioactive X-rays and magnetic Wireless Satellite light violet sources fields Radar fields infrastructure & Microwave RADIO FREQUENCY · 30 kHz – 300 GHz · WHERE GRF
Slide 5: Market Opportunity: More RF Content Creates a Structural Path From ~25B - 50B
Market Opportunity|More RF Content Creates a Structural Path From ~25B - 50B WHAT COMPOUNDS RF CONTENT More sensing Drones, radar, autonomous systems, satellites, vehicles 5–10% CAGR* Vastly more information generated ~$25B ~50B More data at the edge More wireless transmission Sent faster and furthe
Slide 6: Portfolio: Complete RF Signal Chains From Receive to Transmit
Portfolio|Complete RF Signal Chains From Receive to Transmit A broad catalog of RF and microwave building blocks, spanning multiple semiconductor process technologies. RECEIVE PATH Low Noise Gain RF Digital Step Amplifiers › Blocks › Switches › Attenuators TRANSMIT PATH PA Linear Power GaN Power Mix
Slide 7: Revenue Durability: Once Designed-In GRF Ships For the Life of The End Product
Revenue Durability|Once Designed-In GRF Ships For the Life of The End Product The design cycle that slows revenue on the way in is the same thing that protects it for a decade or more. STAGE 1 STAGE 2 STAGE 3 Designed into the End product ships in GRF designs the chip customer's board volume New RF
Slide 8: Revenue Base: Existing Programs Persist as New Wins Layer On
Revenue Base|Existing Programs Persist as New Wins Layer On Already shipping in 2021 First shipped in 2022 First shipped in 2023 R EVEN U E BA S E First shipped in 2024 The FY2021 design win base generated approximately the same First shipped in 2025 revenue in FY2025 as it did four years earlier. W
Slide 9: Why Does GRF Win? Three Advantages Create a Compounding Competitive Moat
Why Does GRF Win?|Three Advantages Create a Compounding Competitive Moat Each one independently valuable. Together, they form a compounding competitive moat. 1 Differentiated, better products 2 World-class application support 3 Lifecycle Assurance "Performance You Can Design Around" "You'll Never De
Slide 10: Operating Progression: Profitability Established, With Design-Win Revenue Still to Ramp
Operating Progression|Profitability Established, With Design-Win Revenue Still to Ramp 2H25 +423% 16 $13.6M PROFITABILITY AEROSPACE & DEFENSE GROWTH GaN PORTFOLIO DEMAND The business turned Demand inflected A new Driver of Growth Q2’26 Backlog at record levels Driving profitability and positive GaN
Slide 11: Growth Drivers: H1 2026 Revenue Grew ~50%, Led by Aerospace & Defense
Growth Drivers|H1 2026 Revenue Grew ~50%, Led by Aerospace & Defense at +423% Growth is concentrated in the market we are deliberately investing in and now a third of revenue Revenue ($M) WHAT DROVE ~50% GROWTH +49% YoY Growth Aerospace & Defense 14.5M +423% $4.9M · 34% of revenue, up from 10% 4.9M
Slide 12: Financial Momentum: Strong Revenue Growth as Gross Margin Expands
Financial Momentum|Strong Revenue Growth as Gross Margin Expands ~1000 bps Since Q1’25 Revenue ($M) Gross Margin (% Of Revenue) 8.0M 70.9% 69.9% 6.7M 6.3M 6.5M 67.5% 5.4M 64.9% 66.4% 4.4M 61.1% Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 YoY -14.1% -12.1% 39.0% 52.6% 47.8
Slide 13: Q2'26 Performance: Strong Revenue Growth Translates Into Disproportionate Earnings
Q2’26 Performance|Strong Revenue Growth Translates Into Disproportionate Earnings & Cash Flow Growth 2025 2026 Dollars ($M) A scalable, fabless model: 8.0M +601 bps Gross margin 64.9% → 70.9% 5.7M 5.4M 4.8M 4.7M −3% Operating expenses Spend reduction: $4.8M → $4.7M, on +49% revenue 3.5M 19.2% EBITDA
Slide 14: Core Business Characteristics: Scale, Margin Expansion and Growth
Core Business Characteristics|Scale, Margin Expansion and Growth Six characteristics of the business model; each anchored to a reported result. Designed-In Revenue That Compounds Structural Gross Margins 1 Once qualified into a platform, parts stay for the life of the program 2 Margin strength refle
Slide 15: Management Team: Proven Semiconductor Operators & Public Company Leaders
Management Team |Proven Semiconductor Operators & Public Company Leaders Management has collectively spent more than 70+ years building, scaling, and operating semiconductor businesses. Ryan Pratt Mike John-Williams Mark Mason Founder & CEO Chief Financial Officer Chief Operating Officer • 25+ years
Slide 16: Contact: Guerrilla RF, Greensboro, North Carolina
2000 Pisgah Church Road Greensboro, North Carolina, 27455 336.510.7840 Guerrilla-rf.com