Airgain: Fourth Quarter Financial Highlights

Airgain Inc. Reports Fourth Quarter Financial Results

Airgain Inc., headquartered in San Diego, announced on Thursday that it recorded a net loss of $2.4 million for the fourth quarter.

The company reported a loss of $0.20 per share. When excluding expenses related to stock options and amortization, the adjusted loss was $0.03 per share.

During the quarter, Airgain generated $12.1 million in revenue.

Looking ahead to the first quarter ending in March, Airgain anticipates a per-share loss of $0.07.

Projected revenue for the upcoming fiscal quarter is expected to fall between $10.5 million and $12.5 million.

At the close of trading on Thursday, Airgain's stock price stood at $4.64, compared to $6.62 at the same time last year.