Airgain reports fourth quarter and full year 2020 financial results

Source: Airgain

Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced antenna systems and integrated wireless solutions and technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today announced financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights:

  • Sales of $12.8 million
  • Gross margin of 45.5%
  • GAAP operating expense of $6.9 million
  • Non-GAAP operating expense of $5.7 million
  • GAAP net loss of $1.1 million or $(0.11) per share
  • Non-GAAP net income of $0.2 million or $0.02 per diluted share
  • Adjusted EBITDA of $0.3 million