---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021351"
form_type: "8-K"
ticker: "AIRG"
cik: "0001272842"
company_name: "AIRGAIN INC"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:40:15.991720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Airgain Q1 revenue $16.4M, GAAP net loss $2.9M; sales down 17% sequentially

## Summary
- Revenue $16.4M, down 17.3% sequentially ($19.9M Q4) and 6.2% YoY ($17.5M Q1 2022).
- GAAP net loss $2.9M ($0.28/sh); non-GAAP net loss $0.9M ($0.08/sh).
- Adjusted EBITDA loss of $0.7M; gross margin GAAP 38.4%, non-GAAP 39.1%.
- Segment sales: enterprise $8.4M, consumer $5.1M, automotive $2.9M; all down QoQ.

## SEC filing metadata
- accession: 0000950170-23-021351
- form_type: 8-K
- ticker: AIRG
- cik: 0001272842
- company_name: AIRGAIN INC
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1272842/000095017023021351/0000950170-23-021351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1272842/000095017023021351/airg-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021351
- JSON: https://secwatch.observer/filing/0000950170-23-021351.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021351.txt

## Key facts
- Earnings Releases
  AIRGAIN INC reported first quarter ended March 31, 2023 results: revenue $16.4 million, net income GAAP net loss of $2.9 million, EPS $(0.28) per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $16.4 million
  - Net income: GAAP net loss of $2.9 million
  - EPS: $(0.28) per share
  - Result: reported results
  source text: in the first quarter in the face of difficult macroeconomic conditions,” said Airgain’s President and Chief Executive Officer, Jacob Suen. “We delivered quarterly sales of $16.4 million, and we announced several new products this past quarter. Our priorities are to deliver on our long-term strategy while achieving adjusted EBITDA profitability.” First Quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1272842/000095017023021351/0000950170-23-021351-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.