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GUER on OTC

Guerrilla RF, Inc.

American semiconductors and related devices company based in Greensboro1

In its 2026 annual report the company says: “Guerrilla RF is a fabless semiconductor company based in Greensboro, NC. We continue to target underserved markets and customers, delivering a range of high-performance MMIC products and associated technical support to a diverse set of customers that enable a more connected world.”3

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Last updated Oct 21, 2026.

Overview

Compare with GSI TECHNOLOGY INC, NVE CORP /NEW/ or SuperCom Ltd, or pick any stock.

  • TickerGUER on OTC1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersGreensboro, North Carolina1
  • Incorporated inDE2
  • Business address2000 Pisgah Church Road, Greensboro, Nc 274552
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Guerrilla RF, Inc., a fabless semiconductor company based in Greensboro, North Carolina, was founded in 2013, initially as a North Carolina limited liability company before converting to a Delaware corporation. Unless otherwise stated or the context otherwise indicates, references to “Guerrilla RF”, the “Company”, “we”, “our”, “us” or similar terms refer to Guerrilla RF, Inc.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

65.3%Gross margin4
-20.5%Operating margin4
-30.7%Net margin4
13.0%Revenue growth, 20254
-$2.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 98% of the revenue Guerrilla RF, Inc. broke down this way in fiscal 2025.

  1. Product$22.3M498%up 11% from 2024
  2. Royalty and Non-recurring Engineering$386.4K42%up 16155% from 2024
Products and services by year
Products and services20242025
Product$20.1M$22.3M
Royalty and Non-recurring Engineering$2.4K$386.4K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue35¢$7.9M
  • Research and development38¢$8.6M
  • Other costs28¢$6.3M
  • Income tax0¢$12.3K

Out of $22.7M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$22.7M in 2025+181% since 2020
0$10.0M$20.0M$30.0M2020: $8.1M$8.1M20202021: $10.5M$10.5M2021+30%2022: $11.6M$11.6M2022+11%2023: $15.1M$15.1M2023+30%2024: $20.1M$20.1M2024+33%2025: $22.7M$22.7M2025+13%
Gross profit56784$14.9M in 2025+187% since 2020
0$5.0M$10.0M$15.0M2020: $5.2M$5.2M20202021: $6.1M$6.1M2021+19%2022: $6.8M$6.8M2022+10%2023: $8.6M$8.6M2023+27%2024: $12.8M$12.8M2024+49%2025: $14.9M$14.9M2025+16%
Operating income56784-$4.7M in 2025+202% since 2020
-$15.0M-$10.0M-$5.0M02020: -$1.5M-$1.5M20202021: -$3.7M-$3.7M2021+138%2022: -$11.1M-$11.1M2022+203%2023: -$12.9M-$12.9M2023+16%2024: -$8.8M-$8.8M2024−32%2025: -$4.7M-$4.7M2025−47%
Net income56784-$7.0M in 2025+247% since 2020
-$20.0M-$15.0M-$10.0M-$5.0M02020: -$2.0M-$2.0M20202021: -$2.8M-$2.8M2021+41%2022: -$12.0M-$12.0M2022+324%2023: -$16.0M-$16.0M2023+33%2024: -$10.8M-$10.8M2024−33%2025: -$7.0M-$7.0M2025−35%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenues$22.7M$20.1M
Direct product costs$7.9M$7.3M
Gross Profit$14.9M$12.8M
Research and development$8.6M$9.7M
Sales and marketing$6.4M$6.3M
General and administrative$4.5M$5.6M
Total Operating Expenses$19.5M$21.6M
Operating Loss-$4.7M-$8.8M
Interest income$186.4K$163.7K
Interest expense-$986.0K-$3.3M
Loss on debt extinguishment$0-$1.5M
Change in fair value of derivative liabilities$0$158.0K
Change in fair value of warrant liabilities-$1.5M$2.2M
Other income (expenses)-$4.9K$281.1K
Total Other Expenses, net-$2.3M-$2.0M
Income before income taxes-$7.0M-$10.8M
Income tax expense-$12.3K$0
Net Loss-$7.0M-$10.8M
Net loss per share - basic and diluted (in dollars per share)-$0.67-$1.12
Weighted average common shares outstanding - basic and diluted (in shares)10.5M shares9.6M shares

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Corporate structure

Guerrilla RF, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Guerrilla RF, Inc.

  • Bleichroeder LP Filed SCHEDULE 13G/A on Guerrilla RF, Inc., latest Aug 13, 2026 (3 filings since Apr 16, 2024)
  • Laurence W. Lytton Filed SCHEDULE 13G/A on Guerrilla RF, Inc., latest Aug 13, 2026 (2 filings since Aug 25, 2025)
  • Mark N. Tompkins Filed SC 13G/A on Guerrilla RF, Inc., latest Aug 14, 2024 (4 filings since Nov 23, 2021)
  • NR-PRL Partners, LP Filed SC 13D on Guerrilla RF, Inc., latest Aug 12, 2024
  • Alvin M. Bodford Filed SC 13D/A on Guerrilla RF, Inc., latest Apr 1, 2024 (3 filings since Nov 5, 2021)
  • Ryan Michael Pratt Filed SC 13D/A on Guerrilla RF, Inc., latest Apr 1, 2024 (3 filings since Nov 4, 2021)
  • SALEM INVESTMENT PARTNERS V, LIMITED PARTNERSHIP Filed SC 13D/A on Guerrilla RF, Inc., latest Apr 1, 2024 (2 filings since Sep 15, 2023)
  • Jason Bodford Filed SC 13D/A on Guerrilla RF, Inc., latest Sep 15, 2023 (2 filings since Nov 10, 2021)
  • Guerrilla RF, Inc. Greensboro, North Carolina

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Guerrilla RF, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$9.7M4 Dec 31, 2025$8.2M4 Dec 31, 2024+17.2%
Accumulated depreciation$6.9M4 Dec 31, 2025$5.7M4 Dec 31, 2024+20.6%
Property and equipment, net$2.7M4 Dec 31, 2025$2.5M4 Dec 31, 2024+9.5%
Finance-lease assets$733.7K4 Dec 31, 2025$1.4M8 Dec 31, 2024−46.6%
Operating-lease assets (leased space)$8.3M4 Dec 31, 2025$9.5M4 Dec 31, 2024−11.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$309.4K4 Dec 31, 2025$346.5K4 Dec 31, 2024−10.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.6M4 Dec 31, 2025$1.8M4 Dec 31, 2024−11.0%
Raw materials$673.0K4 Dec 31, 2025$740.5K4 Dec 31, 2024−9.1%
Work in process$211.3K4 Dec 31, 2025$153.0K4 Dec 31, 2024+38.1%
Finished goods$752.2K4 Dec 31, 2025$944.8K4 Dec 31, 2024−20.4%

Properties, in its own words

Our corporate headquarters are located in Greensboro, N.C., where we lease in excess of 50,000 square feet. We moved into and took possession of our new corporate headquarters building in the first quarter of 2023. The lease term is 10 years and two months.

Item 2 of the 10-K filed Mar 26, 2026.3

Leadership

Who has led Guerrilla RF, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ryan Michael Pratt2021–now

Chief financial officer

  1. Michael John-Williams2025–now
2025
Board members and other officers (12)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Financial OfficerJohn Alen Berg named Nov 5, 2021 to Aug 12, 202425
  • Chief Operating OfficerMark Alan Mason named Nov 5, 2021 to Aug 12, 202425
  • DirectorGary Bundy Smith named Nov 5, 2021 to Aug 12, 202425
  • DirectorGary L. Smith named Aug 16, 2022 to Aug 25, 202326

Former names

  • Laffin Acquisition Corp.Jan 4, 2021 to Oct 27, 20212

Timeline

  1. Aug 6, 20268-K Results of operations27
  2. Jun 5, 20268-K Shareholder vote28
  3. May 6, 20268-K Results of operations29
  4. Mar 26, 20268-K Results of operations30
  5. Dec 31, 20258-K Entered a material agreement31
  6. Nov 12, 20258-K Results of operations32
  7. Aug 12, 20258-K Results of operations33
  8. May 27, 20258-K Shareholder vote34
  9. May 13, 20258-K Results of operations35
  10. Mar 27, 20258-K Results of operations36
  11. Jan 7, 20258-K Executive or director change; Regulation FD disclosure37
  12. Dec 11, 20248-K Other events38
  13. Nov 4, 2021New chief executive Ryan Michael Pratt becomes CEO12

Calendar

Coming up

  1. Around Nov 6, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results27
  2. May 6, 2026Reported quarterly or annual results29
  3. Mar 26, 2026Reported quarterly or annual results30
  4. Nov 12, 2025Reported quarterly or annual results32
  5. Aug 12, 2025Reported quarterly or annual results33
  6. May 13, 2025Reported quarterly or annual results35
  7. Mar 27, 2025Reported quarterly or annual results36
  8. Nov 14, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

296 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 58 major events, 115 insider forms, 20 large holders, 8 private raises, 75 other. The latest 20:

  1. Sep 1, 20264 EDGAR
  2. Sep 1, 20264 EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20264 EDGAR
  7. Aug 18, 20264 EDGAR
  8. Aug 18, 20264 EDGAR
  9. Aug 18, 20264 EDGAR
  10. Aug 18, 20264 EDGAR
  11. Aug 13, 2026SCHEDULE 13G/A EDGAR
  12. Aug 13, 2026SCHEDULE 13G/A EDGAR
  13. Aug 12, 202610-Q EDGAR
  14. Aug 6, 20268-K EDGAR
  15. Jun 23, 20264 EDGAR
  16. Jun 23, 20264 EDGAR
  17. Jun 15, 20264 EDGAR
  18. Jun 5, 20268-K EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 296 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 22 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 13, 2026Dunn James E. Jr.DirectorBuy3,335$3.00$10.0KForm 4
May 13, 2026John-Williams MichaelChief Financial OfficerBuy2,000$2.82$5.6KForm 4
Nov 26, 2024Dunn James E. Jr.DirectorBuy9,100$1.10$10.0KForm 4
Aug 27, 2024PRATT WILLIAM JDirectorBuy216$3.75$810Form 4
May 29, 2024Dunn James E. Jr.DirectorBuy1,666$3.00$5.0KForm 4
May 28, 2024Pratt Ryan MichaelChief Executive OfficerBuy100$4.25$425Form 4
May 24, 2024Pratt Ryan MichaelChief Executive OfficerBuy901$3.52$3.2KForm 4
May 23, 2024Pratt Ryan MichaelChief Executive OfficerBuy59$4.25$251Form 4
May 20, 2024PRATT WILLIAM JDirectorBuy200$4.25$850Form 4
Mar 28, 2024SALEM INVESTMENT PARTNERS V, LIMITED PARTNERSHIP10% ownerBuy261,723Form 4
Mar 28, 2024Pratt Ryan MichaelChief Executive OfficerBuy33,822$2.50$84.6KForm 4
Mar 28, 2024PRATT WILLIAM JDirectorBuy21,139Form 4
May 30, 2023Mason Mark AlanChief Operating OfficerBuy225$4.52$1.0KForm 4
May 25, 2023Pratt Ryan MichaelChief Executive OfficerBuy43$4.99$215Form 4
May 18, 2023SUMMERELL VIRGINIA RDirectorBuy400$6.60$2.6KForm 4
May 18, 2023PRATT WILLIAM JDirectorBuy300$6.98$2.1KForm 4
May 15, 2023PRATT WILLIAM JDirectorBuy200$7.75$1.6KForm 4
Jan 20, 2023Barkal Susan BerishDirectorBuy40,000$1.30$52.0KForm 4
Dec 30, 2022Dunn James E. Jr.DirectorBuy10,000$1.30$13.0KForm 4
Dec 30, 2022Berg John AlenChief Financial OfficerBuy20,000$1.30$26.0KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ryan Pratt,48$315.0K$647.3K48
2025Mike John-Williams,44$315.0K$556.5K48
2025Mark Mason,51$315.0K$502.4K48
2025Kellie Chong62$315.0K$480.9K48
2024ChiefExecutive Officer$315.0K$668.0K48
2024Chief Operating Officer$315.0K$507.0K48
2024Chief Business Officer$315.0K$490.5K48

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$43.6M 2020–2024
Money received by yearMoney received by year, 2020–2024: $43.6M in all. Private raises (Form D) $42.2M; PPP loans $1.4M.$0$10M$20M$30M2020 · PPP loans: $535.8K20202021 · Private raises (Form D): $7.2M2021 · PPP loans: $833.3K20212022 · Private raises (Form D): $5.5M20222023 · Private raises (Form D): $2.4M20232024 · Private raises (Form D): $27.2M2024
Figures by year
YearPrivate raises (Form D)PPP loansTotal
2024$27.2M–$27.2M
2023$2.4M–$2.4M
2022$5.5M–$5.5M
2021$7.2M$833.3K$8.0M
2020–$535.8K$535.8K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 5, 2024Raised $22 million in a private offering of equity25 Form D: 1 investor so far Form D
  2. Mar 28, 2024Raised $5.2 million in a private offering of equity49 Form D: 19 investors so far Form D
  3. Aug 14, 2023Raised $1.5 million in a private offering of equity26 Form D: $5.5 million offered in all Form D
  4. Jul 12, 2023Raised $790,000 in a private offering of debt50 Form D: 7 investors so far Form D
  5. Feb 7, 2023Raised $100,000 in a private offering of equity51 Form D: 1 investor so far Form D
  6. Dec 30, 2022Raised $5 million in a private offering of equity52 Form D: $10 million offered in all Form D
  7. Aug 11, 2022Raised $450,000 in a private offering of equity53 Form D: $900,000 offered in all Form D
  8. Oct 22, 2021Raised $7.2 million in a private offering of securities54 Form D: $15 million offered in all Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA55. Matched to this company by name and state.

  1. Apr 27, 2020$535.8K PPP loan (first draw) from Security Bank and Trust Company55To GUERRILLA-RF INC, Greensboro NC; $540.2K forgiven Feb 18, 2021
  2. Feb 17, 2021$833.3K PPP loan (second draw) from Security Bank and Trust Company55To GUERRILLA-RF INC, Greensboro NC; $837.5K forgiven Aug 19, 2021

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Diversified Trust Co22,754$63.3K0.0%−10,740

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Guerrilla RF, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGuerrilla RF, Inc.1
  • CIK0001832487
  • Employer ID (EIN)85-38370673
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2000 Pisgah Church Road, Greensboro, NC 274551
  • Phone33651078401
  • Shares outstanding10,698,651 as of Aug 11, 202610
  • Public float$6.5M as of Jun 30, 20253
  • AuditorForvis Mazars, LLP, Raleigh, NC PCAOB ID 57; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJan 4, 20211
  • Filings303 in all: 4 (97), 8-K (56), 3 (19), 10-Q (17), 424B3 (15), EFFECT (15), POS AM (11), D (8)1
    All 31 form types

    10-K (6), CORRESP (6), SC 13D/A (6), DEF 14A (5), S-1 (5), S-1/A (5), SC 13D (5), UPLOAD (5), SC 13G/A (3), SCHEDULE 13G/A (3), 8-K/A (2), PRE 14A (2), SC 13G (2), 10-12G (1), 10-12G/A (1), 5 (1), FWP (1), NT 10-K (1), NT 10-Q (1), RW (1), S-8 (1), SC 14F1 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Aug 6, 2026

Risk factors and legal proceedings

The risks Guerrilla RF, Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 64 risks under these headings, as written.3

  • RISKS RELATED TO OUR BUSINESS AND INDUSTRY
  • Our future capital needs are uncertain and we may need to raise additional capital to fund our operations and support our business growth, and such capital may not be available on attractive terms, if at all.
  • We have incurred significant losses in the past and will likely experience losses in the future.
  • If we fail to maintain effective internal control over financial reporting, we may not be able to report our financial results accurately and timely.
  • Market and economic conditions may negatively impact our business, financial condition, and share price.
  • We operate in the highly cyclical semiconductor industry, which is subject to significant downturns that may negatively impact our results of operations.
  • We have a limited operating history upon which investors can evaluate our business and prospects.
  • We may not generate sufficient cash to service our current or future debt or fund capital expenditures. As a result, we may be forced to take other actions to satisfy our debt obligations and financing requirements, which may not be successful or on terms favorable to us.
  • Our operating results are substantially dependent on developing new products and achieving design wins. Therefore, our future revenues that fund our growth in operations, continuing product development, administrative costs, and sales and marketing efforts are highly dependent on winning slots for our new product offerings.
  • The industry and the markets in which we operate are highly competitive and subject to rapid technological change. Therefore, for our RF products to be competitive and achieve market acceptance, we need to keep pace with the rapid development of new process technologies.
  • We are still developing many of our products, and they may not be accepted in the market or by significant customers.
  • We depend on a large distributor and several large customers in the automotive and wireless infrastructure market.
The other 53 risks
  • We depend heavily on third parties.
  • We sell to several large companies with considerable bargaining power, which may require us to agree to terms and conditions that could harm our business or ability to recognize revenues.
  • We face risks related to sales through independent sales representatives and distributors.
  • Business disruptions could harm our business and adversely affect our results of operations.
  • If we experience poor manufacturing yields, our operating results may suffer.
  • We are subject to inventory risks and costs because we build our products based on anticipated customer orders and forecasts often before receiving purchase orders for the products.
  • We operate in a very competitive industry and must continue to innovate.
  • Unfavorable changes in interest rates, pricing of certain precious metals, utility rates, and foreign currency exchange rates may adversely affect our financial condition, liquidity, and results of operations.
  • To compete, we must attract, retain, and motivate key employees, and our failure to do so could harm our business and our results of operations.
  • Litigation or legal proceedings could expose us to significant liabilities, occupy a considerable amount of our management’s time and attention, and damage our reputation.
  • We may become subject to warranty claims, product recalls, and product liability claims that could materially and adversely affect our financial condition and results of operations.
  • Impact of Product Demand on our Business
  • We rely on our intellectual property portfolio and may not be able to successfully protect against the use of our intellectual property by third parties.
  • We may be subject to claims of infringement of third-party intellectual property rights.
  • If our products contribute to a data security breach, we may lose current or future customers, our reputation and business may be harmed, and we may incur liabilities.
  • Security breaches and other disruptions could compromise our proprietary information and expose us to liability, which would cause our business and reputation to suffer.
  • Our sales have been concentrated in a small number of end-user customers.
  • We depend on many technology providers, and if we cannot source solutions from them, our business and operating results could be harmed.
  • We may not be able to keep pace with changes in technology or provide timely enhancements to our products.
  • Any failure to offer high-quality customer support for our products may adversely affect our relationships with our customers and harm our financial results.
  • If we cannot attract and retain key personnel, our business could be harmed.
  • Our revenues and operating results have fluctuated and are likely to continue to fluctuate, making our quarterly results difficult to predict, which may cause us to miss analyst expectations and may cause the price of our common stock to decline.
  • If we fail to offer high-quality products and support for any of our products, our operating results and our ability to sell those products in the future will be harmed.
  • Our sales cycles can be lengthy, and it is difficult for us to predict when or if sales will occur.
  • We depend on our management team and our key sales and development, and engineering personnel. The loss of one or more key employees or groups could harm our business and prevent us from implementing our business plan in a timely manner.
  • Failure to adequately expand and train our direct sales force and distributors will impede our growth.
  • If we fail to increase market awareness of our brand and products, expand our sales and marketing operations, improve our sales execution, and increase our sales channels, our business could be harmed.
  • Our revenues are dependent on our ability to maintain and expand existing customer relationships and our ability to attract new customers.
  • Our use of open-source and non-commercial software components could impose risks and limitations on our ability to commercialize our products.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our operating results could be adversely affected.
  • Relations between the PRC and Taiwan could negatively affect our business and financial status and, therefore, the market value of your investment.
  • A significant disruption in the operations of our manufacturing and packaging service providers in Taiwan, such as a trade war or political unrest, could materially adversely affect our business, financial condition, and the results of operations.
  • Risks Related to Regulatory Requirements
  • Government regulation may adversely affect our business.
  • We may incur substantial expenses related to regulatory requirements, and any regulatory compliance failure could cause our business to suffer.
  • We are subject to risks from international sales and operations.
  • Economic regulation in the PRC and other countries where we sell products could adversely impact our business and the results of operations.
  • Changes in government trade policies, including the imposition of tariffs and export restrictions, have limited and could continue to limit our ability to sell or provide our products and other items to specific end-user customers, which may materially adversely affect our sales and the results of operations.
  • Our business could be affected by sanctions and export controls targeting Russia and other responses to Russia’ s invasion of Ukraine.
  • Due to the unknown evolution of sanctions and export controls targeting the PRC and its ability to purchase and manufacture certain semiconductor chips, our business could be adversely affected.
  • We may be subject to theft, loss, or misuse of personal data by or about our employees, customers, or other third parties, which could increase our expenses, damage our reputation, or result in legal or regulatory proceedings.
  • The semiconductor industry is heavily regulated. Therefore, any material changes in the political, economic, or regulatory semiconductor environment that affect the purchasing business or the purchasing practices and operations of organizations that utilize semiconductor industry products, or that lead to consolidation in our end-user customer industries, could require us to modify our products available to customers for purchase.
  • RISKS RELATED TO OWNERSHIP OF OUR COMMON STOCK
  • The market price and trading volume of our common stock may be volatile and could decline.
  • Our common stock is quoted on an OTC Markets Group trading platform, the OTCQX, instead of a national exchange or quotation system. Accordingly, our investors may experience significant volatility in the market price of our stock and have difficulty selling their shares.
  • We have issued shares of redeemable convertible preferred stock, and may in the future issue additional shares of preferred stock, with terms that could dilute the voting power or reduce the value of our common stock.
  • Because we became a reporting company under the Exchange Act by means other than a traditional underwritten initial public offering, we may not be able to attract the attention of research analysts at major brokerage firms.
  • We are an emerging growth company and a smaller reporting company, and any decision on our part to comply only with certain reduced reporting and disclosure requirements applicable to emerging growth companies and smaller reporting companies could make our common stock less attractive to investors.
  • We may face risks related to securities litigation that could result in significant legal expenses and settlement or damage awards.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management.
  • If securities or industry analysts do not publish research or publish unfavorable or inaccurate research about our business, our stock price and trading volume could decline.
  • The designation of our common stock as “penny stock” would limit the liquidity of our common stock.
  • We do not anticipate paying dividends on our common stock, and investors may lose the entire amount of their investment.
  • FINRA sales practice requirements may limit a stockholder’s ability to buy and sell our stock.
  • Future sales and issuances of our securities could result in additional dilution of the percentage ownership of our shareholders and could cause our share price to fall.

Legal proceedings

We are not a party to any material pending legal proceedings. We may become involved in lawsuits and legal proceedings that arise in the ordinary course of business from time to time.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
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    SEC EDGAROther events
  39. 39
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  48. 48
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  55. 55