secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000950170-24-027269
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airgain Q4 2023 revenue $10.1M, down 49% YoY; GAAP net loss $5.5M
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- Q4 2023 sales of $10.1M, down 26.5% from Q3 and 49.4% YoY; enterprise $4.6M, consumer $3.2M, automotive $2.3M.
- GAAP net loss $5.5M ($0.52/sh); Non-GAAP net loss $3.5M ($0.33/sh); Adjusted EBITDA -$3.3M.
- Full-year 2023 sales $56.0M; GAAP gross margin 29.1%, Non-GAAP 30.3%.
- CEO Jacob Suen: Q4 was trough; expects gradual 2024 growth from 5G launches and market recoveries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017024027269/0000950170-24-027269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017024027269/airg-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-027269

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer