earnings
confidence high
sentiment positive
materiality 0.75
Airgain reports record Q2 sales of $19.3M, first positive adjusted EBITDA in over a year
AIRGAIN INC
2022-Q2 EPS reported
-$0.41
revenue$36,808,000
- Record sales of $19.3M, up 10.3% sequentially and 11.6% YoY.
- GAAP net loss of $1.6M ($0.16 loss per share); non-GAAP net income $0.4M ($0.03 diluted EPS).
- Adjusted EBITDA positive at $0.5M; first quarter of positive adjusted EBITDA in over a year.
- Enterprise $9.1M, Consumer $6.0M, Automotive $4.2M; Consumer down $2.9M YoY due to supply shortages.
- GAAP gross margin 38.9%, non-GAAP 39.4%; GAAP operating expenses $9.1M.