Guerrilla RF Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	4.02	7.97	0.78	4.34	5.31	0.43
Cash & Short-Term Investments	4.02	7.97	0.78	4.34	5.31	0.43
Cash Growth	-64.36%	920.67%	-82.00%	-18.32%	1143.71%	-52.73%
Receivables	1.92	2.23	2.08	1.12	1.67	1.65
Inventory	2.01	1.84	1.53	1.67	1.44	0.99
Prepaid Expenses	0.33	0.45	0.46	0.64	1.19	0.1
Total Current Assets	8.27	12.5	4.85	7.78	9.61	3.18
Property, Plant & Equipment	11.5	11.96	14.16	5.31	1.03	0.79
Other Intangible Assets	0.32	0.35	-	-	-	-
Other Long-Term Assets	0.09	0.12	-	3.57	-	-
Total Assets	20.19	24.92	19.01	16.66	10.63	3.96
Accounts Payable	2.33	2.04	2.1	4.43	1.19	0.25
Short-Term Debt	1.45	0.83	2.41	0.96	-	0.54
Current Portion of Long-Term Debt	0.5	0.5	10.95	-	0.01	1.3
Current Portion of Leases	1.16	1.34	1.72	1.22	0.12	0.06
Other Current Liabilities	0.84	1.5	0.16	-	-	-
Total Current Liabilities	6.35	6.2	17.34	6.6	1.31	2.14
Long-Term Debt	4.28	4.44	0.7	4.65	0.14	4.69
Long-Term Leases	5.59	6.46	7.77	3.06	0.26	0.26
Total Liabilities	16.22	17.11	25.81	14.31	1.72	7.09
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	42.38	41.58	36.24	29.43	23.96	9.08
Retained Earnings	-58.45	-53.79	-43.04	-27.07	-15.05	-12.21
Total Common Equity	-16.07	-12.22	-6.8	2.35	8.92	-3.13
Shareholders' Equity	3.96	7.82	-6.8	2.35	8.92	-3.13
Total Liabilities & Equity	20.19	24.92	19.01	16.66	10.63	3.96
Total Debt	12.98	13.57	23.55	9.88	0.53	6.84
Net Cash (Debt)	-8.96	-5.6	-22.77	-5.54	4.78	-6.42
Net Cash Per Share	-0.86	-0.58	-3.20	-1.00	2.45	-17.00
Filing Date Shares Outstanding	10.58	10.33	7.94	6.76	5.59	5.54
Total Common Shares Outstanding	10.58	10.24	7.89	6.21	5.54	2.27
Working Capital	1.93	6.29	-12.49	1.18	8.3	1.04
Book Value Per Share	-1.52	-1.19	-0.86	0.38	1.61	-1.38
Tangible Book Value	-16.39	-12.56	-6.8	2.35	8.92	-3.13
Tangible Book Value Per Share	-1.55	-1.23	-0.86	0.38	1.61	-1.38
Machinery	6.04	5.79	5.86	5.82	0.8	0.59
Construction In Progress	0.37	-	-	0.21	0.06	-
Leasehold Improvements	0.17	0.17	0.23	0.12	0.12	0.12
Order Backlog	-	5.44	5.96	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.