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Airgain Inc (AIRG)
NASDAQ:AIRG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -37.30%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
Airgain experienced a transformative year in 2024 with significant strategic advancements and partnerships, leading to increased revenue and improved gross margins. However, the company faced challenges with sequential revenue declines and inventory issues impacting certain segments. The outlook for 2025 includes potential growth drivers despite anticipated short-term headwinds.Company Guidance
During Airgain's fourth quarter and full year 2024 conference call, key metrics and guidance for 2025 were discussed. Airgain's 2024 sales totaled $60.6 million, an 8% increase from the previous year, with a gross margin of 42%, up by 410 basis points. The company's operating expenses were $26.8 million, marking a 2% increase, while adjusted EBITDA was negative $0.8 million, improving from negative $4.5 million in 2023. For Q1 2025, Airgain projects sales between $11 million and $13 million, with a midpoint representing a 20% sequential decline due to seasonal impacts and inventory issues. Non-GAAP gross margin is expected to range from 42% to 45%, with operating expenses around $6.5 million. Non-GAAP EPS is anticipated to be negative $0.10, and adjusted EBITDA is projected to be negative $1.1 million. The company aims to address the $2.6 billion serviceable addressable market in 2025, largely driven by its AirgainConnect Fleet and Lighthouse solutions.Strategic Transformation
2024 marked a pivotal year for Airgain, transitioning from a component supplier to a high-value wireless systems provider, with ASPs exceeding $20,000 for the Lighthouse solution.
Revenue Growth
Sales for the full year 2024 totaled $60.6 million, up 8% compared to the prior year, with notable increases in consumer and enterprise sales.
Gross Margin Improvement
Gross margin improved by 410 basis points from 37.9% in 2023 to 42% in 2024, driven by steady gains in enterprise and automotive solutions.
Strategic Partnership with Omantel
Airgain secured a multiyear strategic commercial partnership with Omantel to scale Lighthouse deployments, reinforcing its position as a leader in 5G wireless connectivity.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $6.14 | $5.80 | -5.54% |
| 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% |
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 May 08, 2025, TBA Not Confirmed.
What is Airgain Inc (AIRG) earnings time?
Airgain Inc (AIRG) earnings time is at May 08, 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 2025 (Q1) is -0.1.
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