Airgain reports Q3 sales of $13.7M, net loss of $1.9M; revenue down 28.7% YoY

AIRGAIN INC

2023-Q3 EPS reported -$0.67 revenue$45,970,000

GAAP net loss of $1.9M ($0.18 per share).
Revenue of $13.7M, down 28.7% YoY from $19.2M.
Non-GAAP net loss $0.7M ($0.06 per share); adjusted EBITDA loss of $0.5M.
Enterprise sales $6.8M, consumer $4.4M, automotive $2.5M.
CEO cites macro headwinds; focused on product launches and expansion.

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, 2023 results: revenue $13.7 million, net income $1.9 million or $(0.18) per share, EPS $(0.18) per share.

Period: the third quarter ended September 30, 2023
Revenue: $13.7 million
Net income: $1.9 million or $(0.18) per share
EPS: $(0.18) per share
Result: reported results

Exact text from the filing

“Our team continues to navigate a challenging macro-economic environment”, said Airgain’s President and Chief Executive Officer, Jacob Suen. “We delivered quarterly sales of $13.7 million, and we remain focused on launching our three major product initiatives, expanding our customer base and growing our geographic reach.” Third Quarter 2023 Financial Highlights

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Source: SEC EDGAR

accession 0000950170-23-062100

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