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].

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Purchasing the best bargain stocks under $10 presents a special chance for investors looking for large potential returns without making a sizable initial investment. These three forward-thinking businesses represent strong development potential and astute execution in their respective industries. It is vital to comprehend these companies since they provide a combination of robust financial performance, flexibility in the market and creative approaches that have the potential to generate substantial capital ...

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Financial Data and Key Metrics Changes - Airgain reported Q1 2024 sales of $14.2 million, a 41% increase sequentially but a 13.5% decrease year-over-year [4][12] - Gross margin for Q1 was 40.2%, up 990 basis points sequentially and 120 basis points year-over-year [13] - Operating expenses for Q1 totaled $6.6 million, relatively flat sequentially and down $0.7 million year-over-year [13] Business Line Data and Key Metrics Changes - Enterprise market sales reached $8.9 million, a sequential increase of 92%, driven by custom products, embedded modems, and IoT antennas [12] - Consumer market sales were $3.5 million, reflecting a slight sequential increase, primarily due to a Tier 1 MNO antenna design win [12] - Automotive market sales decreased to $1.8 million, a sequential decline due to ongoing inventory corrections [12] Market Data and Key Metrics Changes - The enterprise market showed strong growth indicators, particularly in custom products and embedded modems, with a good pipeline for IoT antennas [6][12] - The consumer market is expected to see a transition from Wi-Fi 6/6E to Wi-Fi 7, with anticipated growth in the second half of the year [7][12] - The automotive market continues to face headwinds, but interest in products like the Airgain Connect Fleet is increasing [8][12] Company Strategy and Development Direction - The company is transitioning from a component manufacturer to a wireless system solutions provider, focusing on integrated wireless solutions and asset tracking [9][10] - Growth strategy includes executing established business lines while expanding into new wireless connectivity product lines, particularly in asset tracking and 5G connectivity [10][11] - The company aims to leverage emerging trends such as the shift to Wi-Fi 7 and increased demand for asset tracking capabilities [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market potential and industry recovery, noting progress in product development and partnerships [15][16] - The company anticipates continued growth opportunities in the second half of 2024, despite facing significant headwinds [15][16] - Management highlighted the importance of ongoing investments in R&D and sales efforts to drive long-term growth [5][15] Other Important Information - The company expects Q2 2024 sales to range from $14.25 million to $15.75 million, with a projected sequential growth of approximately 5% [14] - Non-GAAP EPS for Q2 is expected to be negative $0.06, with adjusted EBITDA projected at negative $0.5 million [14] Q&A Session Summary Question: Confirmation on Fleet product trials and revenue expectations - Management confirmed over 20 customer trials for the Fleet product, with shipping expected in early Q3 [18][19] Question: Future EBITDA expectations - Management indicated a desire to reach breakeven EBITDA in Q3 or potentially in Q4 [22][23] Question: Wi-Fi 7 revenue expectations - Management expects material revenue contribution from Wi-Fi 7 in the second half of the year, particularly from a major Tier 1 MSO [24][25] Question: Airgain Connect product expectations - Management outlined a strategy targeting VARs, direct accounts, and strategic partners for the Airgain Connect product, expecting material revenue in the second half [26][27] Question: Certification and deployment timelines for Lantern - Management noted that certification timelines vary, with most trials occurring in North America and some internationally [29][30] Question: 5G repeater trials and carrier partnerships - Management confirmed two active trials, one international and one domestic, with plans for additional trials in the second half of the year [32][33]

Airgain (AIRG) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this antenna products developer would post a loss of $0.21 per share when it actually produced a loss of $0.33, delivering a surprise of -57.14%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Airgain, which belongs to ...