Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum in stock prices [1]. Group 1: Stock Performance - Airgain (AIRG) has shown a solid price increase of 43.6% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 11.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - AIRG is currently trading at 94.6% of its 52-week high-low range, indicating a potential breakout [2]. Group 2: Fundamental Strength - AIRG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like AIRG that are on an upward trend supported by strong fundamentals [1][4]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help in finding winning stock picks [4].

Innovation always moves forward: that’s the driving narrative behind tech stocks to buy on discount. No, I’m not going to blow smoke. It really stinks to lose money on your favorite ideas, especially during these severe broader downcycles. But here’s the thing. You can mope around and feel bad about the situation. Or you can grab some compelling discounts that are now available.To better gauge what’s a true deal from something that’s merely cheap, I’m going to focus heavily on valuations, particularly sales ...

Financial Data and Key Metrics Changes - In Q2 2024, Airgain reported sales of $15.2 million, a 7% increase year-over-year, driven by higher consumer market sales [9][24] - Gross margin for Q2 was 41.5%, up 130 basis points sequentially and 110 basis points year-over-year, attributed to improved margins in automotive and enterprise markets [26] - Adjusted EBITDA was negative $0.4 million, and non-GAAP EPS was negative $0.05 [28] Business Line Data and Key Metrics Changes - Enterprise sales were $8.6 million, reflecting a sequential decrease of 3%, offset by increases in embedded modems and asset trackers [25] - Consumer sales reached $4.8 million, a sequential increase of $1.3 million, driven by market recovery and Tier 1 MNO shipments [25] - Automotive sales were $1.7 million, showing a slight sequential decrease of $0.1 million [25] Market Data and Key Metrics Changes - The enterprise market remained stable compared to Q1, with a different mix of key drivers [11] - The consumer market is transitioning from Wi-Fi 6 to Wi-Fi 7, with significant milestones achieved in product deliveries [14] - The automotive sector is facing inventory challenges but is seeing traction with the RECON13 5G antenna [17] Company Strategy and Development Direction - Airgain is transitioning from a component manufacturer to a comprehensive wireless system solutions provider, focusing on both established business and integrated wireless solutions expansion [18][19] - The company is optimistic about growth opportunities in asset tracking and 5G connectivity solutions, projecting significant market potential [20][22] - Strategic partnerships and product launches are key to driving future growth, particularly in the AC Fleet and Lighthouse product lines [19][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market potential and industry recovery, despite ongoing challenges in certain product segments [32] - The company is maintaining investments in new product launches and expanding its salesforce to counter industry-wide inventory corrections [32] - Management anticipates continued progress and growth opportunities, reinforced by a robust and diverse product portfolio [18][32] Other Important Information - The company is focused on addressing macroeconomic challenges and inventory adjustments while leveraging existing design wins [10][12] - Airgain's product lines are expected to capture significant market share, with a projected serviceable addressable market of $700 million in 2024 and $1.7 billion in 2025 [22] Q&A Session Summary Question: Can you describe the European design win for your antennas? - The design win involves a major carrier in the U.S. market, with expectations of shipping 1 to 2 million devices per year starting late this year [37] Question: What is the outlook for asset trackers and inventory levels? - The company is focusing on new products for asset tracking and is optimistic about long-term contracts with customers [39] Question: What are the long-term expectations for gross margins? - Gross margin improvements are expected due to new high-performance products and cost reduction efforts [41][43] Question: What is the expected seasonality for the December quarter? - The AC Fleet product will be a key determinant for growth, with expectations of continued ramp-up into Q4 [45] Question: What is the outlook for consumer market growth into Q4? - The company is optimistic about continued growth in the consumer market, driven by design wins and shipments [48] Question: What is the revenue contribution expected from the 5G connectivity portfolio? - The AC Fleet is anticipated to be the primary driver of growth, with ongoing trials and positive feedback from customers [55][57]

Company Performance - Airgain reported a quarterly loss of $0.05 per share, better than the Zacks Consensus Estimate of a loss of $0.07, compared to a loss of $0.01 per share a year ago, indicating an earnings surprise of 28.57% [1] - The company posted revenues of $15.18 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.23%, but down from $15.83 million in the same quarter last year [1] - Over the last four quarters, Airgain has exceeded consensus revenue estimates three times [1] Stock Performance - Airgain shares have increased approximately 81.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.7% [2] - The current Zacks Rank for Airgain is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $16.2 million, and for the current fiscal year, it is -$0.19 on revenues of $63 million [4] - The trend of estimate revisions for Airgain is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Communication - Components industry, to which Airgain belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - Viav Solutions, another company in the same industry, is expected to report quarterly earnings of $0.07 per share, reflecting a year-over-year decline of 30%, with revenues anticipated to be $251.83 million, down 4.5% from the previous year [5][6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37851 AIRGAIN, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organi ...

Exhibit 99.1 Airgain® Reports Second Quarter 2024 Financial Results SAN DIEGO, CA, August 6, 2024 – Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, today reported financial results for the second quarter ended June 30, 2024. "We are pleased to report sequential revenue growth as we continue to effectively navigate macro-economic challenges," said Airgain's President ...

Airgain Inc. (AIRG) has forged a strategic partnership with Waseela for expanding its footprint in the Middle East region. This collaboration aims to transform the region's telecommunication infrastructure by integrating Airgain’s advanced connectivity and technology solutions into Waseela's offerings.Per this agreement, this communications service provider will incorporate Airgain’s cutting-edge Lighthouse smart repeaters into its radio coverage portfolio. These repeaters can extend 5G cell coverage by boo ...

Core Viewpoint - Investing in undervalued stocks with high return potential is a solid strategy, focusing on three companies with impressive financial metrics and growth indicators that could lead to significant returns by 2026 [1][2]. Group 1: Airgain (AIRG) - Airgain specializes in antenna and connectivity solutions for wireless communications, with a gross margin improvement to 40.2% in Q1 2024 from 39.1% in Q1 2023, indicating effective cost management and operational efficiency [3][4]. - The company maintained stable operating expenses at $6.6 million in Q1 2024, compared to $6.5 million in Q4 2023, while reducing operating expenses from $7.3 million in Q1 2023, showcasing sharp cost management [4]. Group 2: BTCS (BTCS) - BTCS operates in the blockchain sector, providing cryptocurrency mining and investment services, achieving a gross margin of 75% for Q1 2024, reflecting strong operational efficiency and profitability [5][6]. - The high gross margin indicates BTCS's ability to manage production costs effectively and derive significant revenue relative to direct costs, positioning the company favorably against competitors [5][6]. Group 3: Grupo Supervielle (SUPV) - Grupo Supervielle, a major Argentine financial services provider, reported a net income of AR$46.5 billion in Q1 2024, a substantial increase from AR$2.2 billion in Q1 2023 and AR$34.1 billion in Q4 2023, highlighting successful strategic initiatives [6][7]. - The company achieved a return on equity (ROE) of 33.8% in Q1 2024, up from 2% in Q1 2023 and 26.9% in Q4 2023, indicating improved equity utilization and strategic management [7].

Selecting the top stocks under $8 requires careful consideration of a company’s market positioning, strategic goals, and financial standing. Comprehending these elements optimizes prospective profits while reducing risk. Finding stocks to purchase requires more than just analyzing financial data; it also entails evaluating a company’s potential for development, advantages over competitors, and compatibility with emerging market trends. Investing in stocks with solid fundamentals, creative tactics, and stabl ...

Finding top stocks to buy with the potential for spectacular growth is essential for optimizing returns in today’s fast-paced financial environment. Examining the robust growth plans and fundamentals of these stocks will help you understand why they stand out. In this case, the key components are leadership in branding-as-a-service, reinventing market participation through a significant expansion of the fulfillment infrastructure, and increasing brand visibility. Comparably, in light of the growing demand f ...