Airgain: Q2 Earnings Snapshot
SAN DIEGO (AP) _ Airgain Inc. (AIRG) on Thursday reported a loss of $1.6 million in its second quarter.
On a per-share basis, the San Diego-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The antenna products developer posted revenue of $19.3 million in the period, meeting Street forecasts.
For the current quarter ending in October, Airgain said it expects revenue in the range of $18 million to $19.5 million.
Airgain shares have fallen 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.17, a drop of 47% in the last 12 months.