AP NEWS

Airgain: 2Q Earnings Snapshot

August 9, 2018

SAN DIEGO (AP) _ Airgain Inc. (AIRG) on Thursday reported a loss of $3.2 million in its second quarter.

On a per-share basis, the San Diego-based company said it had a loss of 34 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The antenna products developer posted revenue of $15 million in the period.

For the current quarter ending in October, Airgain expects its per-share earnings to range from 3 cents to 5 cents.

The company said it expects revenue in the range of $15.6 million to $15.8 million for the fiscal third quarter.

Airgain shares have risen slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.65, a drop of 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIRG at https://www.zacks.com/ap/AIRG

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