u/SD_Moose

Author argues Guerrilla RF is at a strong inflection point with Q2 2026 revenue of $8.0M up 49% YoY, gross margins of 70.9%, operating income of $1.0M versus a prior-year loss, and $13.6M backlog more than doubled YoY. The company is a fabless RF semiconductor maker with exposure to aerospace and defense (drones, SatCom) growing rapidly, and the author believes operating leverage will drive sustained profitability and free cash flow. The stated catalyst is a potential Nasdaq uplisting. Main risk is dilution from preferred shares convertible into ~7.2M shares and warrants, plus low OTC liquidity.