Airgain Q3 2021 revenue $15.5M, GAAP loss $0.30/share, down QoQ

AIRGAIN INC

2021-Q3 EPS reported -$0.54 revenue$50,129,000

Sales of $15.5M, down 10.6% sequentially from Q2 $17.3M, up 18.8% YoY from $13.0M.
GAAP net loss $3.1M ($0.30 per share); non-GAAP net loss $1.1M ($0.11 per share).
Adjusted EBITDA of $(1.0) million; GAAP gross margin 35.9%, non-GAAP 36.5%.
Enterprise sales $8.7M (+$2.5M QoQ) driven by industrial IoT; consumer sales $4.6M (-$4.3M QoQ) due to supply shortage.
Management expects growth in 2022, citing strong demand in enterprise and automotive markets.

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