SAN DIEGO (AP) — SAN DIEGO (AP) — Airgain Inc. (AIRG) on Wednesday reported a loss of $2.5 million in its first quarter.
On a per-share basis, the San Diego-based company said it had a loss of 23 cents. Losses, adjusted for one-time gains and costs, came to 8 cents per share.
The antenna products developer posted revenue of $14.2 million in the period.
For the current quarter ending in June, Airgain expects its per-share loss to be 6 cents.
The company said it expects revenue in the range of $14.3 million to $15.8 million for the fiscal second quarter.
Airgain shares have risen 49% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.32, a decline of roughly 8% in the last 12 months.
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