Airgain Q4 sales record $19.9M (+41% YoY); GAAP net loss $3.2M

AIRGAIN INC

Sales $19.9M, up 4% QoQ and 41% YoY; FY22 sales $75.9M, +18% YoY.
GAAP gross margin 29.6%; GAAP net loss $3.2M ($0.31/share).
Non-GAAP net loss $1.1M ($0.11/share); adjusted EBITDA -$0.9M.
Enterprise $10.0M, automotive $3.4M, consumer $6.5M in Q4.
No guidance given; cites near-term headwinds but optimistic on growth.

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 fourth quarter ended December 31, 2022 results: revenue $19.9 million, net income GAAP net loss of $3.2 million, EPS $(0.31) per share.

Period: the fourth quarter ended December 31, 2022
Revenue: $19.9 million
Net income: GAAP net loss of $3.2 million
EPS: $(0.31) per share
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Financial Highlights GAAP • Sales of $19.9 million • GAAP gross margin of 29.6% • GAAP operating expenses of $9.2 million • GAAP net loss of $3.2 million or $(0.31) per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AIRGAIN INC reported the full year ended December 31, 2022 results: revenue $75.9 million.

Period: the full year ended December 31, 2022
Revenue: $75.9 million
Result: reported results

Exact text from the filing

Fourth quarter was another record sales quarter at $19.9 million, up 4% sequentially and 41% year-over-year, bringing our fiscal year sales to $75.9 million.

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AIRGAIN INC filing history →

Source: SEC EDGAR

accession 0000950170-23-007076

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