Airgain Q4 2021 net loss $4.6M; revenue $14.1M, up 10.2% YoY, down 8.5% QoQ

AIRGAIN INC

2021-FY EPS reported -$1.01 revenue$64,273,000

GAAP net loss of $4.6M ($0.46 per share); Non-GAAP net loss of $2.3M ($0.23 per share); Adjusted EBITDA of $(2.1)M.
Revenue $14.1M: Consumer $2.5M (down $2.1M QoQ), Enterprise $8.1M, Automotive $3.5M (up $1.4M QoQ on AirgainConnect).
Full year 2021 revenue $63.0M, GAAP net loss $12.0M ($1.21 per share), Non-GAAP net loss $6.3M ($0.63 per share).
Gross margin: GAAP 34.4%, Non-GAAP 35.1%.
Q1 2022 outlook: expect revenue growth and gross margin improvement as supply shortages ease.

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