GUER — what changed in the latest 10-Q
A section-by-section comparison of GUER's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-02 vs the prior 10-Q · 2026-08-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −46 | ~17 | 56 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +1 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-02
● our ability to maintain effective internal controls over financial reporting, and our ability to timely and accurately report our financial results;
Guerrilla RF is a fabless semiconductor company based in Greensboro, NC that supplies a broad portfolio of radio frequency (“RF”) semiconductor products designed to improve system performance, reduce design complexity, enable smaller form factors, and address other demanding RF requirements. Guerril…
● Revenue increased 61% to $10.1 million for the third quarter of fiscal 2026, compared with $6.3 million for the third quarter of fiscal 2025. For the nine months ended September 30, 2026, revenue increased 53% to $24.6 million, compared with $16.0 million for the prior-year period.
● Revenue growth was broad-based across three of the Company’s four market categories. Aerospace & Defense revenue increased 259%, Infrastructure increased 78%, and Catalog increased 32%, partially offset by an 9% decrease in Automotive.
●Aerospace & Defense represented 40% of third quarter product revenue, compared with 18% in the prior-year period, with growth driven primarily by increased demand across drone, satellite communications and tactical communications applications.
Text removed vs the prior filing · source: 10-Q · 2026-08-12
● international trade policies, including tariffs, sanctions and trade barriers may adversely affect our business, financial condition, results of operations and prospects;
Guerrilla RF is a fabless semiconductor company based in Greensboro, NC. Guerrilla RF was founded in 2013 with a mission to employ RF semiconductor technology to deliver RF solutions to customers in underserved markets. Over the past several years, Guerrilla RF has become a leader in developing high…
● Revenue for the second quarter of fiscal 2026 increased approximately 49% to $8.0 million, compared with $5.4 million for the second quarter of fiscal 2025. The increase was driven by growth of 142% in our catalog category and 97% in our infrastructure category, partially offset by a 28% decrease …
● Gross margin for the second quarter of fiscal 2026 was approximately 70.9%, compared with 64.9% in the prior year period. The improvement was primarily attributable to higher sales volumes, favorable product mix, including a greater contribution from aerospace & defense applications, and improved …
● Operating income was $1.0 million for the second quarter of fiscal 2026, compared with an operating loss of $1.4 million for the second quarter of fiscal 2025. The $2.3 million improvement in operating results was primarily attributable to the increase in revenue and gross profit, together with co…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-02
On October 30, 2026, the holder of the North Run Warrants agreed to amend and restate the North Run Warrants to remove the holder's right to elect between two prices for purposes of determining the cashless exercise calculation. A copy of the amended and restated North Run Warrant is attached hereto…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice