Airgain Inc. — which makes wireless antennas for household, office and industrial devices — reported net income of $1.1 million on sales of $12.6 million during its fourth quarter, which ended on Dec. 31.
In the same quarter one year ago, the company reported a net loss of $660,000 on revenue of $9.3 million.
Airgain (Nasdaq: AIRG) completed an initial public offering in August and a follow-on offering at the end of the year.
For the year, the company reported net income of $2.2 million on revenue of $43.4 million. During 2015, the company had a net loss of $2.7 million on sales of $27.8 million.