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Airgain: Q1 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — Airgain Inc. (AIRG) on Wednesday reported a loss of $1.9 million in its first quarter.

On a per-share basis, the San Diego-based company said it had a loss of 15 cents. Losses, adjusted for one-time gains and costs, came to 8 cents per share.

The antenna products developer posted revenue of $11.5 million in the period.

For the current quarter ending in June, Airgain expects its per-share earnings to be 1 cent.

The company said it expects revenue in the range of $12.5 million to $14.5 million for the fiscal second quarter.

Airgain shares have risen 74% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.05, a rise of 76% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIRG at https://www.zacks.com/ap/AIRG

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