Airgain, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 10:28 pm
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Airgain, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 15.46 million compared to USD 13.01 million a year ago. Net loss was USD 3.07 million compared to USD 0.261 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to USD 0.03 a year ago.
For the nine months, sales was USD 50.13 million compared to USD 35.67 million a year ago. Net loss was USD 5.44 million compared to USD 2.2 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.23 a year ago.
Airgain, Inc. is a provider of wireless connectivity solutions, offering a range of embedded components, external antennas, and integrated systems worldwide. The Companyâs enterprise products include embedded cellular modems, antennas for access points and Internet of Things applications, and asset trackers. Its consumer products include embedded antennas for consumer access points, wireless gateways, smart home devices and fixed wireless access devices. The Companyâs automotive products include aftermarket antennas that are typically connected to third-party cellular and Wi-Fi-enabled routers, digital video evidence devices, and telematics gateways. It has launched a second generation AirgainConnect Fleet system solution, which is a roof-mounted 5G vehicle gateway, combining a cellular modem, antennas, and additional features into a single device. Its NimbeLink embedded modems serves enterprise sectors requiring cellular connectivity such as packaging, logistics, and smart cities.