Guerrilla RF Reports Net Loss of $3.82 Million for Q2 2023
Company's Revenue Surges to $7.01 Million in the First Half of 2023
By USInMinutes
Published - Sep 27, 2023, 09:24 AM ET
Last Updated - Sep 27, 2023, 09:24 AM EDT
Guerrilla RF, Inc.(GUER) and its subsidiaries ha ve released their unaudited financial statements for the second quarter and first half of 2023, revealing a net loss of $3.82 million for the quarter and reporting significant revenue growth, reaching $7.01 million for the first six months of the year.
Strong Financial Position
The company's condensed consolidated balance sheets as of June 30, 2023, show total assets of $20.52 million, a notable increase from $16.66 million at the end of December 2022. This improvement is primarily attributed to an increase in cash reserves from $4.34 million to $238,006 during the same period.
Revenue Growth
