Airgain reports Q2 EPS (5c), consensus (6c)

Reports Q2 revenue $15.2M, consensus $15M. “We are pleased to report sequential revenue growth as we continue to effectively navigate macro-economic challenges,” said Airgain’s President and Chief Executive Officer, Jacob Suen. “We delivered sales of $15.2 million in the second quarter, marking a 7% increase over the prior quarter, above the midpoint of our guidance range. The growth was driven by increased sales of embedded antennas to MNO and MSO customers, including the delivery of our first Wi-Fi 7 router antenna systems to a tier-one MSO partner. We successfully completed and launched our Fixed Wireless Access Lantern product. As we move into the second half of 2024, we are focused on our AirgainConnect Fleet launch and continued Lighthouse customer trials. The introduction of our 5G connectivity products, along with the expansion of our antenna and IoT product portfolios and design wins, strengthen our confidence in our ability to address high-growth markets with cutting edge innovation.”