SAN DIEGO (AP) — SAN DIEGO (AP) — Airgain Inc. (AIRG) on Tuesday reported a loss of $1.8 million in its third quarter.
On a per-share basis, the San Diego-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.
The antenna products developer posted revenue of $16.1 million in the period.
For the current quarter ending in December, Airgain expects its per-share earnings to be 2 cents.
The company said it expects revenue in the range of $16.2 million to $18.2 million for the fiscal fourth quarter.
Airgain shares have nearly tripled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.29, more than quadrupling in the last 12 months.
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