Sequential Revenue Growth
Achieved third consecutive quarter of sequential revenue growth with Q3 revenue at $14 million, up 3% sequentially from Q2.
Strong Gross Margins
Non-GAAP gross margin increased to 44.4% in Q3, up from 43.8% in Q2 and up 160 basis points year-over-year.
Positive Adjusted EBITDA
Generated positive adjusted EBITDA of $300,000 in Q3, compared to a loss of $400,000 in Q2.
Key Certification Milestones
Achieved T-Mobile key priority certification for AirgainConnect and FCC certification for Lighthouse, enabling commercial deployment in the U.S.
WiFi 7 Transition Success
Consumer revenue expected to grow at a double-digit rate for the second consecutive year, driven by WiFi 7 transition among Tier 1 cable operators.
Embedded Modems Growth
Embedded modems product line recorded a third consecutive quarter of sequential sales growth, driven by utility infrastructure monitoring demand.