Airgain Inc ( (AIRG) ) has released its Q1 earnings. Here is a breakdown of the information Airgain Inc presented to its investors.
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Airgain, Inc., headquartered in San Diego, California, is a prominent provider of advanced wireless connectivity solutions, focusing on innovation in 5G technology across enterprise, automotive, and consumer markets.
In its first-quarter 2025 earnings report, Airgain, Inc. highlighted its strategic initiatives and financial performance. The company emphasized its growth strategy, international expansion, and product innovations, such as the introduction of the Lighthouse Solar and AirgainConnect Fleet platforms.
Key financial metrics for the quarter included sales of $12.0 million, a decrease from the previous quarter, with a GAAP gross margin of 43.0%. The company reported a GAAP net loss of $1.5 million, or $(0.13) per share, and a non-GAAP net loss of $1.3 million, or $(0.11) per share. Despite a decline in sales, Airgain achieved improved gross margins due to favorable market sales mix and product margins.
Strategically, Airgain secured a partnership with Omantel and obtained certifications for its AirgainConnect Fleet 5G vehicle gateway, reinforcing its market position. The company showcased its innovative solutions at the Mobile World Congress 2025, further establishing its leadership in wireless connectivity.
Looking ahead, Airgain anticipates sequential growth in the second half of 2025, driven by its strategic initiatives and disciplined financial management. The company remains focused on expanding its market reach and enhancing its product offerings to support long-term growth.