Financial Data and Key Metrics Changes - Second quarter revenue was $13.6 million, up 13% sequentially from the first quarter, slightly above the midpoint of guidance [19] - Non-GAAP gross margin for Q2 was 43.8%, down from 44.3% in Q1 but up 230 basis points year-over-year [21] - Non-GAAP net loss for Q2 was $500,000, or $0.04 per share, an improvement from a loss of $1.2 million in Q1 [21] - Cash and equivalents at the end of the quarter were $7.7 million, reflecting disciplined working capital management [22] Business Line Data and Key Metrics Changes - Enterprise revenue reached $7.2 million, increasing by $2.8 million sequentially, driven by demand for embedded modems in utility infrastructure monitoring [19] - Consumer revenue was $5.6 million, down $800,000 sequentially, consistent with expectations following inventory pull forward [20] - Automotive revenue was $800,000, down $400,000 sequentially, reflecting softer demand [20] Market Data and Key Metrics Changes - The consumer market is stabilizing with Wi-Fi 7 shipments ramping up, providing a stable revenue foundation [6] - The enterprise market is seeing strong performance from the NimbleLink embedded modem line, particularly in industrial IoT applications [7] - Conditions in the automotive aftermarket and asset tracking markets remain soft, with inventory overhang affecting sales [8] Company Strategy and Development Direction - The company aims to scale growth platforms, strengthen existing markets, and maintain disciplined operational execution [4] - Focus on AirgainConnect and Lighthouse platforms, with expectations for significant scaling in 2026 as certifications are completed [27] - The strategy includes expanding the sales team and strengthening marketing efforts to drive platform adoption [13][17] Management's Comments on Operating Environment and Future Outlook - Management noted a stable operating environment with no material impact from tariffs on gross margin or customer demand [5] - The company expects sequential revenue growth and a return to profitability in 2025, driven by stable consumer and IoT modem sales [27] - Management remains optimistic about the recovery in the consumer market and the traction in the embedded modem sector [36] Other Important Information - The company has received $2.1 million in net proceeds from employee retention credits, which helped offset operating losses [22] - The new Senior Vice President of Global Sales, Gordon Schenk, brings over 25 years of experience to help expand global reach [28] Q&A Session Summary Question: Confirmation of 40 sales opportunities for AC Fleet - Management confirmed there are 40 qualified sales opportunities for AC Fleet, with varying timelines for conversion based on customer tier [31][32] Question: Outlook for December quarter - Management expects a relatively stable Q3 and Q4, with potential for small but steady increases, particularly in the consumer and embedded modem markets [36][39]

Exhibit 99.1 Airgain® Reports Second Quarter 2025 Financial Results Delivers Sequential Growth; Positioned for Second Half Profitability and Scalable Growth in 2026 SAN DIEGO, CA, August 6, 2025 – Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, today reported financial results for the second quarter ended June 30, 2025. "In the second quarter, we continued to execute our growth strategy, advancing our platform businesses, strengthening our core, and maintaining ...

Company Performance - Airgain reported a quarterly loss of $0.11 per share, which aligns with the Zacks Consensus Estimate, compared to a loss of $0.08 per share a year ago [1] - The company posted revenues of $12.01 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.72%, and down from $14.23 million year-over-year [2] - Over the last four quarters, Airgain has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2][3] Stock Movement and Outlook - Airgain shares have declined approximately 43.3% since the beginning of the year, contrasting with the S&P 500's decline of 4.7% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at -$0.06 for the coming quarter and -$0.05 for the current fiscal year [4][7] - The estimate revisions trend for Airgain is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Communication - Components industry, to which Airgain belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Airgain's stock performance [5]

Financial Data and Key Metrics Changes - Q1 sales were $12 million, aligning with the midpoint of guidance [13] - Gross margin improved to 44.3%, marking the fifth consecutive quarterly increase [14] - Operating expenses totaled $6.6 million, remaining flat year-over-year [15] - Non-GAAP EPS was negative $0.11, with adjusted EBITDA at negative $1.2 million [16] Business Line Data and Key Metrics Changes - Consumer sales reached $6.4 million, down $100,000 sequentially [14] - Automotive sales were $1.3 million, down $2 million sequentially [14] - Enterprise sales totaled $4.3 million, down $1 million sequentially, marking a low point for the year [14] Market Data and Key Metrics Changes - The addressable market expanded from $1.1 billion in 2024 to $2.6 billion in 2025 due to the shift to higher-margin solutions [5] - The company is closely monitoring broadband and enterprise markets for demand disruptions [4] Company Strategy and Development Direction - The company is transitioning from low ASP component supplier to high-value wireless solutions provider [5] - Focus on scaling Lighthouse and AirgainConnect platforms and deepening presence in key global markets [3] - Strategic partnership with Ormatia to support deployments in the Middle East [8] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the enterprise market's recovery and expects sequential revenue growth in Q2 [17] - The company is prepared to adapt to the fluid tariff environment without significant impact on product costs [4] - Management is focused on executing strategy while targeting positive adjusted EBITDA in Q3 [18] Other Important Information - The company plans to file an updated S3 shelf registration to maintain financial flexibility [19] - The leadership team is experienced and focused on driving operational performance and long-term value creation [12] Q&A Session Summary Question: AirgainConnect customer traction and design wins - Management is optimistic about design wins in the coming months, with a focus on Tier one customers contributing in the second half of the year [26] Question: IoT business rebound expectations - Management noted key customers have resumed shipments, indicating a positive trend in the IoT business [27] Question: Lighthouse pilots and commercialization - The company is on track for trials in multiple regions, including the Middle East and Latin America, with expectations for ramp-up in Q3 [37] Question: Tariff implications and competitive strategy - Management indicated no significant changes in customer buying patterns due to tariffs, leveraging a fabless model to mitigate impacts [42][46] Question: Consumer market growth and WiFi developments - Management expects moderate growth in the consumer segment following a strong Q1, with additional MSOs launching WiFi 7 [49] Question: Lighthouse revenue expectations - Management anticipates low seven-figure contributions from the partnership with Ormatia for the remainder of the year [55]

Financial Data and Key Metrics Changes - Q1 sales were $12 million, aligning with the midpoint of guidance [13] - Consumer sales reached $6.4 million, down $100,000 sequentially [14] - Automotive sales were $1.3 million, down $2 million sequentially [14] - Enterprise sales totaled $4.3 million, down $1 million sequentially, marking a low point for the year [14] - Q1 gross margin was 44.3%, marking the fifth consecutive quarterly increase [14] - Adjusted EBITDA was negative $1.2 million due to the lower revenue base [16] - Non-GAAP EPS was negative $0.11 [17] Business Line Data and Key Metrics Changes - Consumer segment showed resilience with a slight decline in sales [14] - Automotive segment faced challenges with lower shipments [14] - Enterprise segment experienced a significant drop, primarily due to lower shipments of antennas and IoT products [14] - Improvement noted in IoT sales returning to normal levels [6] Market Data and Key Metrics Changes - The addressable market expanded from $1.1 billion in 2024 to $2.6 billion in 2025 [5] - The company is closely monitoring broadband and enterprise markets for demand disruptions [4] - No significant changes in customer purchasing behavior due to tariffs observed as of early May [4] Company Strategy and Development Direction - The company is transitioning from a low ASP component supplier to a high-value wireless solutions provider [5] - Focus on scaling Lighthouse and AirgainConnect platforms and deepening presence in global markets [3] - Strategic partnerships, such as with Ormatia, are expected to drive revenue growth in the second half of 2025 [8] - Emphasis on modular solution families to support various use cases and customer segments [7] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the enterprise market's recovery and expects sequential revenue growth [6][18] - The company is prepared to adapt to the fluid tariff environment to minimize impacts on customers [4] - Confidence in achieving positive adjusted EBITDA in Q3 2025 [19] Other Important Information - The company plans to file an updated S3 shelf registration to maintain financial flexibility [20] - A strong leadership team is in place to navigate current challenges and drive operational performance [12] Q&A Session Summary Question: Insights on AirgainConnect's ramp-up and IoT business rebound - Management is optimistic about design wins in the coming months and expects enterprise growth in 2025 [24][28] Question: Update on Lighthouse pilots and potential new carriers - The company is on track for trials in multiple regions, including the Middle East and Latin America, with expectations for ramp-up in Q3 [35][37] Question: Tariff implications and competitive landscape - Current buying patterns remain stable, and the fabless model provides a competitive advantage against tariff impacts [41][44][47] Question: Consumer market growth and WiFi developments - The company anticipates steady growth post-Q2, especially with new MSO launches [49] Question: Lighthouse revenue expectations and trial opportunities - Expected low seven-figure contributions from the Oman partnership, with potential for broader Middle East engagement [53][55]

Financial Performance - First quarter 2025 sales were $12.0 million, a decrease of 20.4% from $15.1 million in Q4 2024 and a decrease of 15.6% from $14.2 million in Q1 2024[7] - Total sales for Q1 2025 were $12,013,000, a decrease of 15.5% compared to $14,231,000 in Q1 2024[27] - Sales from the consumer market in Q1 2025 were $6.4 million, while enterprise and automotive markets generated $4.3 million and $1.3 million, respectively[7] Profitability Metrics - GAAP gross margin for Q1 2025 was 43.0%, up from 42.2% in Q4 2024 and 39.2% in Q1 2024, primarily due to improved enterprise product margins[9] - Non-GAAP gross margin for Q1 2025 was 44.3%, compared to 43.4% in Q4 2024 and 40.2% in Q1 2024[9] - Gross profit for Q1 2025 was $5,160,000, down from $5,576,000 in Q1 2024, resulting in a gross margin of 43.0%[27][35] Net Loss - GAAP net loss for Q1 2025 was $1.5 million or $(0.13) per share, compared to a net loss of $2.0 million or $(0.17) per share in Q4 2024[11] - Net loss for Q1 2025 was $1,546,000, an improvement from a net loss of $2,455,000 in Q1 2024[27][38] - The company reported a non-GAAP net loss of $1,319,000 for Q1 2025, compared to a non-GAAP net loss of $833,000 in Q1 2024[38] Operating Expenses - GAAP operating expenses for Q1 2025 were $8.3 million, unchanged from Q4 2024[10] - Operating expenses for Q1 2025 totaled $8,256,000, slightly higher than $8,205,000 in Q1 2024[27] - Total operating expenses under GAAP are $8.3 million, while non-GAAP operating expenses are $6.6 million[43] Cash and Assets - Cash and cash equivalents at the end of Q1 2025 were $7,401,000, down from $8,510,000 at the end of Q4 2024[25] - Total assets decreased to $46,116,000 in Q1 2025 from $48,443,000 in Q4 2024[25] - Total liabilities decreased to $15,790,000 in Q1 2025 from $17,474,000 in Q4 2024[25] Strategic Initiatives - The company secured a strategic partnership with Omantel in January 2025 to deliver smart repeater solutions in Oman and the Middle East[6] - Lighthouse Solar™, a fully solar-powered 5G smart repeater, was introduced in February 2025 to address off-grid connectivity needs[6] Future Outlook - The company expects Q2 2025 sales to be in the range of $12.5 million to $14.5 million, with a midpoint of $13.5 million[14] Other Income and Adjustments - The company generated $1,494,000 from employee retention credit refunds in Q1 2025, contributing to other income[27] - Other income is reported at $(0.5) million, affecting net loss calculations[43] - Stock-based compensation impacts GAAP net loss by $1.1 million and non-GAAP net loss by $0.10 per share[43] - Amortization contributes $0.8 million to both GAAP and non-GAAP net loss calculations[43] - Adjusted EBITDA for Q1 2025 was $(1.2) million, compared to $0.2 million in Q4 2024[12] - Adjusted EBITDA is recorded at $(0.6) million[43]

PART I [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) For Q1 2025, Airgain, Inc. reported sales of $12.0 million and a net loss of $1.5 million, an improvement from Q1 2024 largely due to an Employee Retention Credit refund, with total assets decreasing to $46.1 million [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased to $46.1 million from $48.4 million at year-end 2024, driven by reduced cash and receivables, while total liabilities also declined to $15.8 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $7,401 | $8,510 | | Total current assets | $24,026 | $25,831 | | Total assets | $46,116 | $48,443 | | Total current liabilities | $11,395 | $13,501 | | Total liabilities | $15,790 | $17,474 | | Total stockholders' equity | $30,326 | $30,969 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 2025, the company reported a net loss of $1.55 million, an improvement from $2.46 million in Q1 2024, despite sales decreasing to $12.0 million, largely due to a $1.49 million Employee Retention Credit refund Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Sales | $12,013 | $14,231 | | Gross Profit | $5,160 | $5,576 | | Loss from operations | $(3,096) | $(2,629) | | Employee retention credit refund | $1,494 | $— | | Net loss | $(1,546) | $(2,455) | | Net loss per share (Basic & Diluted) | $(0.13) | $(0.23) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities improved slightly to $1.0 million in Q1 2025, resulting in a total net decrease in cash of $1.1 million for the quarter, ending with $7.5 million in cash Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,025) | $(1,119) | | Net cash used in investing activities | $(42) | $(60) | | Net cash (used in) provided by financing activities | $(43) | $469 | | Net decrease in cash, cash equivalents and restricted cash | $(1,109) | $(712) | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue disaggregation showing significant Enterprise sales decline offset by Consumer growth, high customer concentration, and the recognition of a $1.5 million Employee Retention Credit refund Disaggregated Revenue by Market and Geography (in thousands) | Category | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **By Market Group** | | | | Enterprise | $4,341 | $8,879 | | Consumer | $6,401 | $3,511 | | Automotive | $1,271 | $1,841 | | **By Geography** | | | | North America | $5,221 | $10,024 | | China (incl. HK, Taiwan) | $6,512 | $3,303 | - Customer concentration is significant, with Customer A accounting for **37% of total revenue** in Q1 2025, up from **15% in Q1 2024** Customer B and C accounted for **13% and 11%** respectively[104](index=104&type=chunk) - The company operates as a **single operating and reportable segment** providing wireless connectivity solutions, as reviewed by the Chief Operating Decision Maker (CODM)[25](index=25&type=chunk)[26](index=26&type=chunk)[110](index=110&type=chunk) - In April 2025, subsequent to the quarter end, the company received an additional ERC payroll tax refund of **$0.4 million**, net of fees, plus **$0.1 million** in interest[113](index=113&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 15.6% sales decline to lower Enterprise and Automotive sales, offset by Consumer market recovery, with gross margin improving to 43.0% and sufficient liquidity for the next 12 months [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q1 2025 sales decreased by $2.2 million (15.6%) year-over-year, primarily due to declines in Enterprise and Automotive sales, partially offset by Consumer growth, while gross profit margin improved to 43.0% Sales by Market (in millions) | Market | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Enterprise | $4.3 | $8.9 | $(4.6) | (51.8)% | | Automotive | $1.3 | $1.8 | $(0.5) | (27.8)% | | Consumer | $6.4 | $3.5 | $2.9 | 82.6% | | **Total Sales** | **$12.0** | **$14.2** | **$(2.2)** | **(15.6)%** | - Gross profit as a percentage of sales increased to **43.0%** in Q1 2025 from **39.2%** in Q1 2024, an increase of **380 basis points**, primarily driven by improved enterprise product margins and a favorable market sales mix[141](index=141&type=chunk) - A **$1.5 million** Employee Retention Credit (ERC) refund was received in January 2025, significantly improving the net loss for the quarter[143](index=143&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company ended Q1 2025 with $7.4 million in cash, believing it has sufficient liquidity for the next 12 months despite an accumulated deficit, and has an At-the-Market (ATM) sales agreement with $0.5 million remaining - Cash and cash equivalents stood at **$7.4 million** as of March 31, 2025[146](index=146&type=chunk) - The company applied for a total of **$2.8 million** in ERC refunds in 2023 and received **$1.5 million** in January 2025[152](index=152&type=chunk)[153](index=153&type=chunk) - As of March 31, 2025, **$0.5 million** remained available for future stock sales under the At-the-Market (ATM) program, with no sales made in Q1 2025[155](index=155&type=chunk) [Critical Accounting Estimates](index=32&type=section&id=Critical%20Accounting%20Estimates) No material changes occurred in critical accounting policies or estimates from the 2024 Annual Report, and management concluded no goodwill impairment charge was required as of March 31, 2025 - Management assessed goodwill for impairment as of March 31, 2025, and determined that no triggering events indicated that the fair value was less than the carrying amount, thus no impairment charge was necessary[165](index=165&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, Airgain is exempt from providing quantitative and qualitative disclosures about market risk - As a smaller reporting company, Airgain is exempt from providing quantitative and qualitative disclosures about market risk[169](index=169&type=chunk) [Item 4. Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) As of March 31, 2025, disclosure controls and procedures were deemed effective, with no material changes in internal control over financial reporting during the quarter - Management concluded that disclosure controls and procedures were effective as of the end of the period covered by the report[171](index=171&type=chunk) - No changes in internal control over financial reporting occurred during Q1 2025 that materially affected, or are reasonably likely to materially affect, internal controls[172](index=172&type=chunk) PART II [Item 1. Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its business or financial condition - The company is not currently involved in any material legal proceedings[175](index=175&type=chunk) [Item 1A. Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2024, have been identified - No material changes to the risk factors from the Annual Report on Form 10-K for the year ended December 31, 2024, have been identified[176](index=176&type=chunk) [Item 5. Other Information](index=35&type=section&id=Item%205.%20Other%20Information) This section discloses CEO Jacob Suen's adoption of a Rule 10b5-1 trading plan for up to 91,000 shares and the amendment of the At-the-Market (ATM) sales agreement on May 7, 2025 - On March 12, 2025, CEO Jacob Suen adopted a Rule 10b5-1 trading plan for the potential sale of up to **91,000 shares** of common stock, effective from June 11, 2025, through June 26, 2026[181](index=181&type=chunk) - The company amended and restated its At-the-Market Issuance Sales Agreement on May 7, 2025, with the sales commission payable to Craig-Hallum adjusted to up to **2.5% of gross proceeds**[182](index=182&type=chunk) [Item 6. Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents and required certifications from executive officers

Company Performance - Airgain reported break-even quarterly earnings per share, compared to a loss of $0.33 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $15.08 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.77%, but showing an increase from $10.07 million year-over-year [2] - Over the last four quarters, Airgain has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Outlook - Airgain shares have lost about 6.2% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The company's earnings outlook is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the coming quarter is -$0.07 on revenues of $14.45 million, and $0.09 on revenues of $69.15 million for the current fiscal year [7] Industry Context - The Communication - Components industry, to which Airgain belongs, is currently in the top 27% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Airgain's stock performance [5]

Airgain (AIRG) Q4 2024 Earnings Call February 28, 2025 12:36 AM ET Company Participants Jacob Suen - Chief Executive OfficerMichael Elbaz - CFO & Secretary Conference Call Participants Anthony Stoss - AnalystTim Savageaux - MD & Senior Research Analyst Operator Good afternoon. Welcome to Airgain's Fourth Quarter and Full Year twenty twenty four Conference Call. My name is Julian, and I'll be operator for today's call. Joining us today are Airgain's President and CEO, Jacob Soon and CFO, Michael Alves. As a ...

Financial Data and Key Metrics Changes - Q4 2024 sales were $15.1 million, a 6% sequential decline but a 50% increase year-over-year, primarily driven by consumer market recovery [27] - Gross margin for Q4 reached 43.4%, marking its fourth sequential increase, driven by operational efficiencies and a favorable sales mix [29] - Full year 2024 sales totaled $60.6 million, an 8% increase compared to the prior year, with consumer sales increasing by 15% [32][34] - Adjusted EBITDA for 2024 was negative $0.8 million, an improvement from negative $4.5 million in 2023 [37] Business Line Data and Key Metrics Changes - Consumer sales in Q4 reached $6.5 million, reflecting strong Tier 1 MNO sales [28] - Automotive sales were $3.3 million, a high point for the year but fell short of expectations due to channel excess inventory [28] - Enterprise sales decreased to $5.3 million, primarily due to reduced sales of embedded modems and custom IoT products impacted by excess customer inventory [28][34] Market Data and Key Metrics Changes - The serviceable addressable market (TAM) grew from $1.1 billion in 2024 to $2.6 billion in 2025, driven by the AC-Fleet vehicle gateway and Lighthouse smart repeaters [9] - The company expects the consumer market to experience steady but modest growth through 2025 [32] Company Strategy and Development Direction - The company is transitioning from a component supplier to a high-value wireless system solutions provider, focusing on scaling deployments and accelerating customer adoption [8][41] - Strategic partnership with Omantel aims to enhance network performance and optimize coverage in the Middle East, with plans for larger scale commercial rollouts in 2026 [14][45] - The introduction of Lighthouse Solar aims to provide sustainable connectivity solutions in areas lacking electricity [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a recovery in the enterprise segment in the second half of 2025, despite current inventory issues [56] - The company anticipates deploying Lighthouse across more than 50 sites in 2025, establishing a foundation for larger scale commercial rollouts [45] - Management remains focused on execution and scaling deployments while navigating short-term industry headwinds [41][45] Other Important Information - The company recorded its first Lighthouse commercial deployment revenue in Q4 2024 [28] - The partnership with Omantel includes a joint sales and marketing effort to penetrate the MENA region [59] Q&A Session Summary Question: Visibility on enterprise segment recovery - Management noted that two customers are experiencing delays due to inventory issues but expect improvements in the second half of the year [56] Question: Revenue contribution from Lighthouse in 2025 - Management indicated that while Lighthouse revenue will be small in 2025, there are plans for deployments starting this quarter [58] Question: Ongoing trials for AirgainConnect product - Management confirmed that trials are ongoing, with positive feedback on performance improvements and installation ease [64][66]