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Airgain Inc (AIRG)
NASDAQ:AIRG
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
-$0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -32.07%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced performance with notable achievements in revenue growth, especially in the consumer and automotive markets, and significant product certifications. However, challenges in the enterprise market and inventory issues pose concerns, along with expected demand moderation in Q4.Company Guidance
During the Q3 2024 earnings call, Airgain provided guidance for the fourth quarter, projecting sales between $16.2 million and $18.2 million, with a midpoint of $17.2 million, representing a 7% sequential increase and a 71% year-over-year growth. The company expects non-GAAP gross margin to be in the range of 41.5% to 44.5%, with a midpoint of 43%, marking the fourth sequential increase. Operating expenses are anticipated to be around $7.2 million, focusing on the development of the AirgainConnect Fleet and Lighthouse platforms. Non-GAAP EPS is expected to be $0.02 at the midpoint, while adjusted EBITDA is projected to be $0.3 million. The guidance reflects optimism in their consumer, automotive, and enterprise markets, despite some inventory challenges.Sequential Revenue Growth
Q3 sales were $16.1 million, marking a 6% sequential increase and an 18% year-over-year growth.
Consumer Market Performance
Consumer sales reached $6.9 million, a sequential increase of $2 million, driven by demand for Tier 1 MSO Wi-Fi 7 antennas.
Automotive Market Growth
Automotive sales increased to $2.5 million, up $0.8 million sequentially, driven by aftermarket sales and initial shipments of AirgainConnect Fleet.
Gross Margin Improvement
Q3 gross margin improved to 42.8%, up 130 basis points sequentially and 380 basis points year-over-year.
AirgainConnect Fleet Certification
AC-Fleet achieved certification from major operators like T-Mobile and AT&T, opening commercialization opportunities.
Lighthouse Smart Repeater Order
Received first commercial order for Lighthouse smart repeater from an international MNO.
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AIRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $10.29 | $9.35 | -9.14% |
| Aug 06, 2024 | $6.48 | $6.39 | -1.39% |
| May 08, 2024 | $5.32 | $5.31 | -0.19% |
| Mar 06, 2024 | $4.63 | $5.01 | +8.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Airgain Inc (AIRG) report earnings?
Airgain Inc (AIRG) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Airgain Inc (AIRG) earnings time?
Airgain Inc (AIRG) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIRG EPS forecast?
AIRG EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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