Recap: Airgain Q1 Earnings

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Airgain AIRG reported its Q1 earnings results on Thursday, May 11, 2023 at 04:28 PM.

Here's what investors need to know about the announcement.

Earnings

Airgain missed estimated earnings by 33.33%, reporting an EPS of $-0.08 versus an estimate of $-0.06.

Revenue was down $1.08 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.17 which was followed by a 22.61% drop in the share price the next day.

Here's a look at Airgain's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.06 0.01 -0.11
EPS Actual -0.11 0.06 0.03 -0.04
Revenue Estimate 20.46M 18.82M 19.26M 17.29M
Revenue Actual 19.89M 19.20M 19.29M 17.52M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Airgain management provided guidance for Q2 2023, expecting earnings between $0.0 and $0.0 per share.

To track all earnings releases for Airgain visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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