The wireless connectivity firm expects non-GAAP earnings per share of $0.01 at the midpoint for the second quarter.
Airgain projected second-quarter sales in the range of $12.5M to $14.5M, with a non-GAAP EPS midpoint of $0.01. The guidance reflects ongoing demand for its antenna and connectivity solutions amid broader market conditions.
The company’s prior quarter revenue stood at $13.2M, with non-GAAP EPS of $0.02. Analysts had anticipated revenue near the lower end of the new guidance range, citing supply chain improvements and steady client orders.
Shares showed muted movement in after-hours trading as investors digested the outlook.