AIRG Earnings Prediction
The chart below shows how AIRG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AIRG sees a +1.82% change in stock price 10 days leading up to the earnings, and a +2.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
AIRG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
16.10M
17.56%
6.04%
Gross Margin
41.70%
9.08%
2.99%
Operating Margin
-11.27%
-19.21%
-31.70%
Net Margin
-10.91%
-20.54%
-34.08%
EPS
-0.16
-11.11%
-30.43%
No Data Available
AIRG Earnings Analysis
Airgain, Inc. Common Stock Corporation (AIRG.O) Earnings Conference Call
Positive
Sales Performance Highlights: Q3 sales came in at $16.1 million, just above our guidance midpoint of $16 million, marking a 6% sequential increase and an 18% year-over-year growth, driven largely by the strong performance of our consumer market.
Consumer Sales Surge: Consumer sales reached $6.9 million, a sequential increase of $2 million, driven by strong demand for our tier-one MSO Wi-Fi 7 antennas following initial shipments in Q2.
Automotive Sales Increase: Automotive sales came in at $2.5 million, up $0.8 million sequentially, driven by increased aftermarket sales and the initial shipments of our Airgain Connect fleet.
Gross Margin Improvement: Q3 gross margin came in at 42.8%, up 130 basis points sequentially, primarily due to a favorable settlement, with year-over-year gross margin improving by 380 basis points, reflecting stronger margins in our enterprise and automotive markets.
EBITDA Improvement Analysis: Adjusted EBITDA was $0.1 million, an improvement from negative $0.4 million in the prior quarter, driven by higher sales and improved gross margin, while operating expenses remained flat.
Negative
Sales Decline Analysis: Sales decreased to $6.7 million, down $1.9 million from the previous quarter.
Operating Expenses Increase: Operating expenses rose by $0.9 million year over year, primarily due to increased investments in engineering and sales functions.
Operating Cash Flow Challenges: Despite positive adjusted EBITDA, revenue linearity challenges led to a negative operating cash flow of $1.2 million.
Cash Balance Decline: As of September 30, 2024, our cash balance was $7.3 million, down $1.1 million sequentially.
Inventory Decline: Net inventory was $2.6 million, which was $0.5 million lower sequentially.
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AIRG Earning Call Sentiment
Airgain, Inc. (AIRG) Q3 2024 Earnings Call Transcript
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AIRG.O
4.23%Positive
The earnings call summary presents a mixed picture. While there is positive news regarding sales growth and improved margins, challenges such as inventory issues and enterprise market decline pose risks. The absence of a share buyback program and cautious guidance further temper optimism. Q&A reveals some analyst concerns, particularly on timelines and market opportunities. Considering these factors, the stock price is likely to remain neutral in the short term.