Cowen Maintains Outperform Rating and $22 PT on Airgain (AIRG) Following DecQ Results
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Airgain Reports Fourth Quarter and Full Year 2016 Results
February 16, 2017 4:05 PM ESTSAN DIEGO, CA -- (Marketwired) -- 02/16/17 -- Airgain, Inc. (NASDAQ: AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, today reported unaudited results for the fourth quarter and full year ended December 31, 2016.
Fourth Quarter 2016 Financial Results
Sales increased 35% to $12.6 million from $9.3 million in the same year-ago period. The increase was primarily driven by an increase in product sales.
Gross profit increased 43% to $5.5 million (43.4% of sales) from $3.8 million (41.2% of sales) in the same year-ago period. The increase in gross... More
