Airgain prelim Q4 sales midpoint $15.1M; impacted by inventory headwinds; adjusted EBITDA expected positive; cash $8.5M

AIRGAIN INC

2024-FY EPS reported -$0.79 revenue$60,599,000

Preliminary Q4 2024 sales range $14.6M-$15.6M (midpoint $15.1M); impacted by channel excess inventory and two IoT project delays.
Expects positive adjusted EBITDA for Q4 2024, driven by gross margin improvement and lower operating expenses.
Cash and equivalents as of Dec 31, 2024: $8.5M, up from $7.3M prior quarter and $7.9M year ago.
Completed carrier certification for AirgainConnect Fleet platform; strategic partnership with Omantel for Lighthouse solution (multi-year, multi-million-dollar contract).
Full Q4 and FY2024 results to be released Feb 27, 2025; conference call details forthcoming.

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