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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