secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0000950170-21-003750
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017021003750/0000950170-21-003750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017021003750/airg-20211109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-003750

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer