Airgain Q3 2024 revenue $16.1M, up 6% sequentially; GAAP net loss $(0.16)/share

AIRGAIN INC

2024-Q3 EPS reported -$0.62 revenue$45,516,000

Revenue of $16.1M, up 6.0% from Q2 2024 and 17.6% YoY; consumer segment led growth.
GAAP net loss of $1.8M ($0.16 per share); Non-GAAP net income $6,000 ($0.00 per share).
Non-GAAP gross margin 42.8%; Adjusted EBITDA of $0.1M.
Launched next-generation AirgainConnect Fleet vehicle gateway for automotive market.
Segments: Consumer $6.8M, Enterprise $6.7M, Automotive $2.6M; Enterprise declined $1.9M sequentially.

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