Airgain Reports Q1 Net Loss of $2.5M, Anticipates Second Quarter Loss of 6 Cents Per Share

According to a recent report by financial news website Yahoo Finance, Airgain Inc. (AIRG) announced a net loss of $2.5 million in its first quarter of 2024. After adjusting for one-time gains and costs, the per-share loss was 8 cents. Revenue during this period amounted to $14.2 million. For the upcoming second quarter, Airgain anticipates a loss per share of 6 cents and predicts revenue between $14.3 million and $15.8 million. Shares of the company saw a rise of 49% since the start of the year, yet declined by approximately 8% in the previous year’s twelve-month period, as recorded in the final minutes of trading on Wednesday. This report was prepared utilizing data from Zacks Investment Research by Automated Insights. To access a comprehensive Zacks stock report on AIRG, visit https://www.zacks.com/ap/AIRG.