Wunderlich Securities Downgrades Airgain (AIRG) to Hold

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Go back to Wunderlich Securities Downgrades Airgain (AIRG) to Hold

Airgain Reports Second Quarter 2016 Results

September 20, 2016 4:05 PM EDT

SAN DIEGO, CA -- (Marketwired) -- 09/20/16 -- Airgain, Inc. (NASDAQ: AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, today reported results for the second quarter ended June 30, 2016.

Second Quarter 2016 Financial Results
Sales increased 63% to $9.9 million from $6.1 million in the same year-ago period. The increase was primarily driven by an increase in product sales.

Gross profit increased 79% to $4.5 million (46.1% of sales) from $2.5 million (42.0% of sales) in the same year-ago period. The increase in gross profit as a percentage of... More