Airgain Q1 2024 revenue $14.2M, net loss $2.5M; sequential sales up 41%

AIRGAIN INC

2024-Q1 EPS reported -$0.23 revenue$14,231,000

GAAP net loss $2.5M ($0.23 loss per share); non-GAAP net loss $0.8M ($0.08 loss per share).
Sales $14.2M, up 41.3% QoQ from $10.1M; down 13.5% YoY from $16.4M.
Enterprise market $8.9M (up $4.2M QoQ); consumer $3.5M; automotive $1.8M.
GAAP gross margin 39.2%; non-GAAP 40.2%; adjusted EBITDA negative $0.7M.
CEO cites 5G connectivity initiatives as focus for rest of 2024.

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 first quarter ended March 31, 2024 results: revenue $14.2 million, net income GAAP net loss of $2.5 million, EPS $(0.23) per share.

Period: first quarter ended March 31, 2024
Revenue: $14.2 million
Net income: GAAP net loss of $2.5 million
EPS: $(0.23) per share
Result: reported results

Exact text from the filing

growth as we continue to effectively navigate a challenging macro-economic environment,” said Airgain’s President and Chief Executive Officer, Jacob Suen. “We delivered sales of $14.2 million in the first quarter, driven by sequential and year-over-year revenue growth in our enterprise market. As we look to the rest of 2024, we remain focused on the launch of our 5-G

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Source: SEC EDGAR

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