SAN DIEGO (AP) — SAN DIEGO (AP) — Airgain Inc. (AIRG) on Thursday reported a loss of $2 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of 17 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 $15.1 million in the period.
For the year, the company reported that its loss narrowed to $8.7 million, or 79 cents per share. Revenue was reported as $60.6 million.
For the current quarter ending in March, Airgain said it expects revenue in the range of $11 million to $13 million.
Airgain shares have dropped 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.14, an increase of 59% in the last 12 months.
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