Airgain, Inc. (NASDAQ:AIRG) Q4 2022 Earnings Call Transcript

Craig Ellis: Yeah. And we can follow up with more detail off-line. Michael, I did want to cycle back on the cash point. Really nice to see it pop by $3 million in the fourth quarter. What’s your expectation for what can happen in the first quarter? Can we get another $3 million increase and bring it to $15 million or could it be flatter? Thank you.

Michael Elbaz: So Q1 quarter is a bit challenging because it has to be operationally a cash outflow type of the quarter net. We are definitely very laser focused on our cash balance and really optimizing that and through really our working capital management. So in Q1, I do not expect it to be growing or to be flat. I’m hoping to be above the $10 million mark on that. But hopefully, over the next few quarters, as we strive to be EBITDA positive is really a question of optimizing this overall cash balance.

Craig Ellis: Got it. Thanks, Michael. Thanks, Jacob.

Michael Elbaz: Thank you.

Operator: And at this time, this concludes our question-and-answer session. If your question was not taken, you may contact Airgain’s Investor Relations at AIRG@gatewayir.com. I’d now like to turn the call back over to Mr. Suen for his closing remarks.

Jacob Suen: Thank you for joining us on today’s call. We look forward to updating you on our next call. Operator?

Operator: Thank you for joining us today for Airgain’s fourth quarter and full year 2022 earnings call. You may now disconnect.