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Airgain Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
Suen said Airgain’s carrier relationships help identify customer opportunities, while the company supports demonstrations, trials, integration and customization.
During the second quarter, Airgain secured five Tier 2 AirgainConnect design wins: four with first-responder organizations and one with a utility company.
Enterprise Growth Offsets Consumer HeadwindsEnterprise IoT was the primary contributor to Airgain’s sequential growth in the second quarter, Suen said.
Automotive sales were $1.2 million in the second quarter, reflecting higher sales of AirgainConnect vehicle gateways, Chief Financial Officer Michael Elbaz said.
For the third quarter, Airgain forecast revenue of $14.25 million to $16.25 million, with a midpoint of $15.25 million representing 11% sequential growth.