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By Josh Beckerman
Airgain shares fell to a 52-week low Friday after the company said Thursday that third-quarter sales fell to $13.7 million from $19.2 million and noted the “challenging macro-economic environment.”
The stock was recently down 36% at $1.99, with an intraday low of $1.72.
Airgain, whose products include modems, antennas and asset trackers, reported an adjusted loss of 6 cents a share, compared with an adjusted profit of 6 cents a share a year earlier.
The company expects fourth-quarter sales of $9.25 million to $10.75 million.
Write to Josh Beckerman at [email protected]
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