2021-01-08

Airgain reports preliminary fourth quarter 2020 sales of approximately $12.8 million and preliminary FY 2020 sales of $48.5 million

Source: Airgain

Airgain, Inc. (NASDAQ: AIRG),a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today reported preliminary, unaudited sales of $12.8 million for the three months ended December 31, 2020, and $48.5 million for the full year of 2020.

“I am pleased that our preliminary fourth quarter sales were above the mid-point of our previous guidance range, especially given the dynamic environment we are operating in,” said Airgain’s Chief Executive Officer and President, Jacob Suen. “We entered the new year with solid momentum and remain encouraged by the positive responses we’re receiving from prospective customers for our AirgainConnect® product platform, which we continue to expect will drive material growth in 2021.”

The preliminary results are based on Airgain’s current expectations and are subject to change based on completion of financial closing procedures and the audit for the full year 2020. Airgain expects to report complete fourth quarter and full year 2020 financial results in February 2021. The conference call details will be announced approximately one week prior to the event.