Airgain (AIRG) Tops Q2 EPS by 10c

Airgain (NASDAQ: AIRG) reported Q2 EPS of $0.02, $0.10 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $11.4 million versus the consensus estimate of $11.18 million.

“I am pleased that we exceeded our expectations for Q2 financial results and are seeing very strong demand for our products in the third quarter, even in this very challenging environment. We also delivered on reducing manufacturing risk away from China by expanding our contract manufacturing to southeast Asia with a very solid and experienced antenna manufacturer,” said Airgain’s Chief Executive Officer and President, Jacob Suen. “More importantly, our progress on our game changing new platform, AirgainConnect, has already begun drawing attention from potential customers and our field testing shows that our first product is performing to our expectations. We also successfully delivered on attaining device certification on the AT&T network.”

For earnings history and earnings-related data on Airgain (AIRG) click here.

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