Guerrilla RF, Inc. (OTCQX: GUER) announced today its average lead time – the elapsed time between taking and fulfilling chip orders – has returned to pre-COVID levels. For the quarter ending in September of 2022, the company’s average cycle time for component fabrication, assembly and test came in at just over 10.5 weeks, matching its same average from Q4 of 2019.
After reaching peak levels of 19 weeks in Q2 of 2021, Guerrilla RF has consistently outpaced the industry average in its race to achieve lead time “normalcy”. While most other semiconductor firms witnessed quarter-on-quarter increases in cycle time, GRF was able to consistently trim its fabrication, assembly and test times over a relatively short span of just five quarters. The dramatic drop to 10.5 weeks represents a net lead time reduction of 45% from the peak experienced in 2021. In contrast, lead times for the industry as a whole are just now starting to contract with a modest reduction of only 1.1% from the peak of 27 weeks reached in Q2 of 2022.
“I am extremely proud of the effort put forth by our Operations team during the entire pandemic,” says Ryan Pratt, CEO and founder of Guerrilla RF. “Their diligent work kept our customers’ lines up and running throughout the height of the supply chain crunch, and they’ve been tirelessly working with our fab, assembly and test partners to reduce our cycle times to levels that are on now on par with our pre-COVID state of operations. This feat is even more impressive given that the industry is only now starting to see slight reductions in average lead times after reaching its all-time peak just two quarters ago.”
