Yahoo Finance Airgain, Inc. (NASDAQ:AIRG) Q1 2024 Earnings Call Transcript
Airgain, Inc. (NASDAQ:AIRG) Q1 2024 Earnings Call Transcript May 8, 2024
Airgain, Inc. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Good afternoon. Welcome to Airgain's First Quarter 2024 Earnings Conference Call. My name is Shamali, and I will be your operator for today's call. Joining us today are Airgain's President and CEO, Jacob Suen; and CFO, Michael Elbaz. As a reminder, this call will be recorded and made available for replay via a link found in the Investor Relations section of Airgain's Web site at investors.airgain.com. Following management's prepared remarks, the call will be opened for questions from Airgain's covering analysts. I caution listeners that during this call Airgain's management will be making forward-looking statements about future events as well as Airgain's business strategy and future financial and operating performance.
Actual results could differ materially from those stated or implied by these forward-looking statements due to risks and uncertainties associated with the company's business. These forward-looking statements are qualified by the cautionary statements contained in today's earnings release and Airgain's SEC filings. This conference call contains time sensitive information that is accurate only as of the date of this live broadcast, May 08, 2024. Airgain undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this conference call. In addition, this conference call will include a discussion of non-GAAP financial measures. Please see today's earnings release for future details, including a reconciliation of GAAP to non-GAAP results.
Now, I would like to turn the call over to Airgain's CEO, Jacob Suen. Jacob?
Jacob Suen: Thank you, operator. Welcome everyone, and thank you for joining us this afternoon. To begin today's discussion, I will give some company background, followed by a review of our performance for the quarter before handing the call over to our CFO, Michael Elbaz. He will review our financial results for the quarter in more depth, as well as provide our outlook for second quarter 2024. After that, I'll share some closing remarks before opening the call for questions. All right. Let's begin. For those of you who may be new to our story, at Airgain, we simplified wireless connectivity across the value chain, from embedded components to integrated systems. Our primary markets encompass the enterprise, consumer and automotive sectors.
Within our enterprise market, our products include embedded cellular modems, custom products, asset trackers, 5G and IoT antennas, our new 5G Outdoor Fixed Wireless Access Device and our 5G Smart Network Controlled Cellular Repeaters. Our consumer market is comprised mostly of our embedded antenna business, a traditional area of expertise for Airgain. Our consumer products include custom embedded antenna design for customer premises equipment or CPE, devices such as those that enable Wi-Fi 6E and will enable Wi-Fi 7. Lastly, our automotive market includes both our aftermarket antennas, as well as our vehicle networking devices, highlighted by our recently announced Airgain Connect Fleet Device. We believe the global connectivity opportunity is large and durable.
See also
25 Richest Billionaires in Finance and Investments Industry and
15 States With the Lowest Property Taxes in the US.
To continue reading the Q&A session, please click here.
