Airgain Q4 2024 sales $15.1M up 50% YoY; GAAP net loss $2.0M

AIRGAIN INC

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

GAAP net loss $2.0M ($0.17 EPS); Non-GAAP net income $33K ($0.00 EPS); Adjusted EBITDA $0.2M.
GAAP gross margin 42.2%; Non-GAAP gross margin 43.4%; GAAP operating expenses $8.3M.
Consumer $6.5M, Enterprise $5.3M, Automotive $3.3M; sequential sales down 6% on excess inventories.
First commercial Lighthouse deployment in Dec 2024; Omantel partnership for 5G in MENA region.
AirgainConnect Fleet certified by AT&T and T-Mobile for North America.

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