Airgain | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 14.02 M

Revenue: As of FY2025 Q3, the actual value is USD 14.02 M, missing the estimate of USD 14.13 M.

EPS: As of FY2025 Q3, the actual value is USD -0.08, beating the estimate of USD -0.13.

EBIT: As of FY2025 Q3, the actual value is USD -980 K.

Segment Revenue

• Enterprise Market: $6.87 million for Q3 2025, $18.36 million for the nine months ended September 30, 2025.
• Consumer Market: $6.66 million for Q3 2025, $18.71 million for the nine months ended September 30, 2025.
• Automotive Market: $0.49 million for Q3 2025, $2.58 million for the nine months ended September 30, 2025.

Operational Metrics

• Net Loss: -$964 thousand for Q3 2025, -$3.985 million for the nine months ended September 30, 2025.
• Gross Margin: 44% for Q3 2025, 43% for the nine months ended September 30, 2025.
• Operating Expenses: $7.078 million for Q3 2025, $23.173 million for the nine months ended September 30, 2025.
• Loss from Operations: -$967 thousand for Q3 2025, -$6.063 million for the nine months ended September 30, 2025.

Cash Flow

• Net Cash Used in Operating Activities: -$1.307 million for the nine months ended September 30, 2025.
• Net Cash Used in Investing Activities: -$288 thousand for the nine months ended September 30, 2025.
• Net Cash Provided by Financing Activities: $184 thousand for the nine months ended September 30, 2025.

Unique Metrics

• Employee Retention Credit Refund: $1.989 million received during the nine months ended September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: Airgain, Inc. plans to continue investing in growth, including expanding engineering and sales teams to execute on product roadmap and further penetrate domestic and international markets.
• Non-Core Business: The company is closely monitoring macroeconomic factors such as market volatility, inflation, and trade policy shifts, which have caused uncertainty in end customer demand and supply chain constraints.
• Priority: The company believes that existing cash and cash equivalents balance will be sufficient to meet working capital requirements for at least the next 12 months.