secwatch.observer — SEC 8-K summary
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Issuer:     AIRGAIN INC (AIRG)
CIK:        0001272842
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055731
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1272842/000095017024055731/0000950170-24-055731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1272842/000095017024055731/airg-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055731

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