Overview

* Airgain ( AIRG ) Q3 sales slightly miss analyst expectations at $14.0 mln

* Adjusted EPS for Q3 at $0.01, indicating operational improvements

* Company achieved key certifications for AC-Fleet and Lighthouse, supporting future growth

Outlook

* Airgain expects Q4 2025 sales between $12 mln and $14 mln

* Company anticipates Q4 2025 GAAP gross margin between 41.3% and 44.3%

* Airgain projects Q4 2025 adjusted EBITDA of $0.1 mln at midpoint

Result Drivers

* CONSUMER SALES - Increase in WiFi 7 antenna shipments drove $1.0 mln rise in consumer sales

* CERTIFICATIONS ACHIEVED - Key certifications for AC-Fleet and Lighthouse platforms position co for future scalability

* GROSS MARGIN IMPROVEMENT - Improved enterprise product margins boosted gross margin to 43.6%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $14.02 $14.10

Miss* mln mln (3

Analysts

)

Q3 $0.01

Adjusted

EPS

Q3 Net -$964,00

Income 0

Q3 Gross $6.11

Profit mln

Q3 -$967,00

Income 0

From

Operatio

ns

Q3 $7.08

Operatin mln

g

Expenses

Q3 -$954,00

Pretax 0

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Airgain Inc ( AIRG ) is $7.50, about 46.9% above its November 11 closing price of $3.99

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 59 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)