Earnings Call Summary | Airgain(AIRG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Airgain(AIRG.US) Q1 2024 Earnings Conference
The following is a summary of the Airgain, Inc. (AIRG) Q1 2024 Earnings Call Transcript:
以下是Airgain公司（AIRG）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Airgain generated $14.2 million in Q1 2024 sales, a 41% increase from the prior quarter.
The gross margin for Q1 was 40.2%, up significantly from the previous quarter due to inventory adjustments.
Q1 Adjusted EBITDA was negative $0.7 million and non-GAAP EPS was negative $0.08.
Enterprise sales in Q1 was $8.9 million, reflecting a sequential increase of 92%, driven by growth in custom products, embedded modems and IoT antennas product lines.
Consumer sales were $3.5 million, reflecting a sequential increase primarily due to shipments of a Tier 1 MNO antenna design win.
A promising backlog for Q2 was indicated, particularly in the consumer market, with growth expected in the latter half of the year in the consumer segment, driven by a design win with a major network operator (MNO) and early adoption of Wi-Fi 7 by multiple-system operators (MSOs).
Airgain在2024年第一季度创造了1,420万美元的销售额，比上一季度增长了41％。
由于库存调整，第一季度的毛利率为40.2％，较上一季度大幅增长。
第一季度调整后的息税折旧摊销前利润为负70万美元，非公认会计准则每股收益为负0.08美元。
受定制产品、嵌入式调制解调器和物联网天线产品线增长的推动，第一季度企业销售额为890万美元，连续增长92％。
消费者销售额为350万美元，反映了连续增长，这主要归因于Tier 1的MNO天线设计中标的出货量。
第二季度的积压情况令人鼓舞，尤其是在消费市场，消费市场预计将在下半年实现增长，这要归因于一家大型网络运营商（MNO）的设计胜利以及多系统运营商（MSO）提前采用Wi-Fi 7。
Business Progress:
业务进展：
Airgain completed significant shipments in Q1 in a few of its product areas, such as custom products and embedded modems.
Airgain saw early indications of recovery in its enterprise and consumer markets in Q1 and expects this trend to continue.
The company is investing in its R&D and sales teams as it focuses on strategic initiatives in fixed wireless access, vehicle networking and Smart C-Band repeaters markets.
New products launched in 2023 for IoT custom products, automotive markets, and industrial IoT antennas are expected to ramp up throughout the year.
Airgain is developing wireless solutions to help partners and customers get connected quickly and expects to continue providing leading-edge products to the market.
The company expects its first production purchase order from another Tier 1 MSO in the coming weeks.
Airgain is developing its business with three key target areas for its AC Fleet: VAR partners, direct target list of around 80 private fleet companies, and strategic partnerships with companies like Exxon, Sierra Wireless, Motorola Solutions, and AT&T.
Trials for the 5G Lighthouse repeater system are ongoing with full-scale adoption expected later in the year.
Airgain anticipates revenue growth driven by demand in several applications like fixed wireless access and smart city traffic light applications.
Airgain在第一季度完成了多个产品领域的出货量，例如定制产品和嵌入式调制解调器。
Airgain在第一季度看到了其企业和消费市场复苏的早期迹象，并预计这种趋势将继续下去。
该公司正在投资其研发和销售团队，专注于固定无线接入、车辆网络和智能C波段中继器市场的战略举措。
2023 年针对物联网定制产品、汽车市场和工业物联网天线推出的新产品预计将全年增加。
Airgain正在开发无线解决方案，以帮助合作伙伴和客户快速建立联系，并希望继续向市场提供领先的产品。
该公司预计将在未来几周内从另一家一级MSO那里获得第一份生产采购订单。
Airgain正在以其AC Fleet的三个关键目标领域发展其业务：VAR合作伙伴、约80家私人机队公司的直接目标清单以及与埃克森、Sierra Wireless、摩托罗拉解决方案和AT＆T等公司的战略合作伙伴关系。
5G Lighthouse中继器系统的试验正在进行中，预计将在今年晚些时候全面采用。
Airgain预计，固定无线接入和智慧城市交通信号灯应用等多种应用的需求将推动收入增长。
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