Airgain reports Q3 2022 sales of $19.2M, up 24% YoY; non-GAAP net income $0.6M

AIRGAIN INC

2022-Q3 EPS reported -$0.53 revenue$56,006,000

Sales $19.2M, up 24% YoY; GAAP net loss $1.3M ($0.13 per share).
Non-GAAP net income $0.6M ($0.06 diluted); adjusted EBITDA $0.8M.
Automotive sales up $3.0M YoY, Consumer up $2.7M, Enterprise down $2.0M.
Appointed Michael Elbaz as CFO; promoted Morad Sbahi to Chief Revenue Officer.
GAAP gross margin 38.8%; non-GAAP gross margin 39.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AIRGAIN INC reported the third quarter ended September 30, 2022 results: revenue $19.2 million, net income $1.3 million, EPS $0.13 per share.

Period: the third quarter ended September 30, 2022
Revenue: $19.2 million
Net income: $1.3 million
EPS: $0.13 per share
Result: reported results

Exact text from the filing

Third Quarter 2022 Financial Highlights GAAP • Sales of $19.2 million • GAAP gross margin of 38.8% • GAAP operating expenses of $8.7 million • GAAP net loss of $1.3 million or $0.13 per share

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Source: SEC EDGAR

accession 0000950170-22-024477

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