Airgain Inc. has reported its financial results for the first quarter of 2025, ending March 31. The company achieved sales of $12.0 million, with $6.4 million coming from the consumer market and $4.3 million from the enterprise sector. The GAAP gross margin was 43.0%, while the non-GAAP gross margin stood at 44.3%. Airgain recorded a GAAP net loss of $1.5 million, translating to a loss of $(0.13) per share, and a non-GAAP net loss of $1.3 million. The adjusted EBITDA for the quarter was $(1.2) million. In terms of business operations, Airgain showcased its Lighthouse™ and AirgainConnect® platforms at the Mobile World Congress 2025 in March, emphasizing its leadership in wireless connectivity solutions. Additionally, the company obtained Verizon certification for its AirgainConnect Fleet 5G vehicle gateway, completing the approval process with the three largest U.S. cellular operators. Looking ahead, Airgain's financial outlook for the second quarter of 2025 projects sales in the range of $12.5 million to $14.5 million, with a GAAP gross margin expected to be between 40.8% and 43.8%. The GAAP net loss per share for the upcoming quarter is anticipated to be $(0.18) at the midpoint.
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