Airgain Q2 2023 sales $15.8M, GAAP net loss $0.21 per share, down 17.9% YoY

AIRGAIN INC

2023-Q2 EPS reported -$0.49 revenue$32,274,000

Sales decreased 17.9% YoY to $15.8M from $19.3M; enterprise down $1.8M, automotive down $1.9M.
GAAP net loss $2.2M ($0.21 per share); non-GAAP net loss $0.1M ($0.01 per share); adjusted EBITDA $37K.
GAAP gross margin 39.7%; non-GAAP gross margin 40.4%; operating expenses $8.5M GAAP, $6.5M non-GAAP.
Segment sales: enterprise $7.3M, consumer $6.2M, automotive $2.3M; consumer up $1.1M sequentially offsetting declines.

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 second quarter ended June 30, 2023 results: revenue $15.8 million, net income $2.2 million, EPS $(0.21) per share.

Period: the second quarter ended June 30, 2023
Revenue: $15.8 million
Net income: $2.2 million
EPS: $(0.21) per share
Result: reported results

Exact text from the filing

lay the foundation of our revenue growth when market conditions improve ,” said Airgain’s President and Chief Executive Officer, Jacob Suen. “We delivered quarterly sales of $15.8 million while remaining focused on increasing our operational efficiency and delivering adjusted EBITDA profitability.” Second Quarter 2023 Financial Highlights GAAP • Sales of $15.8

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Source: SEC EDGAR

accession 0000950170-23-041357

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