SAN DIEGO (AP) — SAN DIEGO (AP) — Airgain Inc. (AIRG) on Thursday reported a loss of $2.4 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of 20 cents. Losses, adjusted for stock option expense and amortization costs, came to 3 cents per share.
The antenna products developer posted revenue of $12.1 million in the period.
For the year, the company reported that its loss narrowed to $6.4 million, or 54 cents per share. Revenue was reported as $51.8 million.
For the current quarter ending in March, Airgain expects its per-share loss to be 7 cents.
The company said it expects revenue in the range of $10.5 million to $12.5 million for the fiscal first quarter.
In the final minutes of trading on Thursday, the company’s shares hit $4.64. A year ago, they were trading at $6.62.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIRG at https://www.zacks.com/ap/AIRG
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