Airgain Inc reports results for the quarter ended in June - Earnings Summary

Airgain

10/08/2023 22:39

* Airgain Inc  AIRG.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for breakeven
results per share.
    * Revenue fell 17.9% to $15.83 million from a year ago;
analysts
expected $16.54 million. 
    * Airgain Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The mean earnings estimate of analysts had risen by
about 91.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Airgain Inc shares had fallen by 12.4% this quarter and
lost 27.3% so far this year.
    * The company reported a quarterly loss of $2.21 million.
    * Wall Street's median 12-month price target for Airgain Inc
is
$8.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           -0.01          Missed
 Mar. 31 2023      -0.06          -0.08          Missed
 Dec. 31 2022      0.06           -0.11          Missed
 Sep. 30 2022      0.00           0.06           Beat