Airgain Q2 2024 sales $15.2M (+7% seq.), GAAP net loss $2.5M (-$0.23/share)

AIRGAIN INC

2024-Q2 EPS reported -$0.46 revenue$29,415,000

GAAP net loss of $2.5M or $(0.23) per share; Non-GAAP net loss $0.6M or $(0.05).
Sales of $15.2M up 6.7% from Q1 $14.2M; down 4.1% from $15.8M year-ago.
GAAP gross margin 40.5%; Non-GAAP gross margin 41.5%; Adjusted EBITDA $(0.4)M.
Consumer sales increased $1.3M sequentially, driven by cable/broadband/MNO; enterprise down $0.3M.
Delivered first Wi-Fi 7 router antenna systems to tier-one MSO; launched FWA Lantern product.

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