secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000950170-22-009014
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airgain Q1 revenue $17.5M, seq +23.9%; GAAP net loss $2.5M
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- Sales $17.5M, up 23.9% from Q4 2021 ($14.1M), nearly flat vs Q1 2021 ($17.4M).
- GAAP net loss $2.5M ($0.25 loss/share); Non-GAAP net loss $0.4M ($0.04 loss/share).
- GAAP gross margin 40.8%; Non-GAAP gross margin 41.4%; Adjusted EBITDA $(0.3)M.
- Consumer $6.1M (+$3.6M seq on easing supply shortages), Enterprise $8.6M, Automotive $2.8M.
- CEO says results 'better than expected' with sequential growth in revenue, gross margin, and Adjusted EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022009014/0000950170-22-009014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017022009014/airg-20220510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009014

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