Quarterly ResultMay 6, 2026, 04:38 PM
Airgain Q1 Sales $11.51M, Net Loss $1.90M; Acquires Nextivity HPUE Business
AI Summary
Airgain reported a net loss of $1.90 million on sales of $11.51 million for the first quarter of 2026, compared to a net loss of $1.55 million on sales of $12.01 million in the prior year. The company completed the acquisition of Nextivity's high-power user equipment (HPUE) product business, which resulted in a $0.34 million gain on bargain purchase. Additionally, Airgain announced the termination of its Chief Technology Officer's employment in April 2026.
Key Highlights
- Airgain acquired Nextivity's HPUE product business on February 20, 2026, recognizing a $0.34 million gain.
- Net sales for Q1 2026 decreased to $11.51 million from $12.01 million in Q1 2025.
- Net loss for Q1 2026 increased to $1.90 million, compared to $1.55 million in Q1 2025.
- Basic net loss per share was $(0.15) for Q1 2026, up from $(0.13) in Q1 2025.
- Enterprise segment sales rose to $4.95 million from $4.34 million year-over-year.
- Consumer segment sales fell to $5.61 million from $6.40 million year-over-year.
- Automotive segment sales decreased to $0.95 million from $1.27 million year-over-year.
- The company terminated its Chief Technology Officer's employment on April 17, 2026.
- Issued 171,488 common shares under an at-the-market offering for $0.6 million net proceeds.