Airgain (AIRG) Misses Q3 EPS by 6c

Airgain (NASDAQ: AIRG) reported Q3 EPS of ($0.11), $0.06 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $15.5 million versus the consensus estimate of $16.2 million.

Fourth Quarter 2021 Financial Outlook:

• Sales are expected to be in the range of $13.5 million to $14.5 million
• GAAP gross margin is expected to be in the range of 32.5% to 34.5%
• Non-GAAP gross margin is expected to be in the range of 33% to 35%
• GAAP operating expense is expected to be $9.1 million, plus or minus $0.1 million
• Non-GAAP operating expense is expected to be $7.0 million, plus or minus $0.1 million
• GAAP net loss per share is expected to be $0.44 at midpoint
• Non-GAAP net loss per share is expected to be $0.22 at midpoint
• Adjusted EBITDA is expected to be $(2.1) million at midpoint

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

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