Airgain Inc. Reports 4Q Loss of $3.2

Airgain Inc. (AIRG) reported a Q4 loss of $3.2M and 31 cents/share, missing Wall St

Airgain Inc. Reports 4Q Loss of $3.2

Airgain Inc. (AIRG), a San Diego-based antenna products developer, reported a loss of $3.2 million in its fourth quarter and 31 cents per share, which was lower than the average estimate of four analysts surveyed by Zacks Investment Research. Revenue also fell short of expectations at $19.9 million.

For the year, Airgain reported that its loss narrowed to $8.7 million, or 85 cents per share, on revenue of $75.9 million. Looking ahead to the current quarter ending in March, Airgain expects its per-share loss to be 6 cents. Despite the company’s recent results not meeting Wall Street’s expectations, investors remain hopeful for a positive outlook in the future as Airgain continues to develop and improve its antenna products.