Welcome to our dedicated page for Airgain news (Ticker: AIRG), a resource for investors and traders seeking the latest updates and insights on Airgain stock.
Airgain, Inc. (NASDAQ: AIRG) is a premier provider of embedded antenna technologies that enable high-performance wireless networking across various sectors, including home, enterprise, automotive, and industrial applications. Based in San Diego, California, with design and test centers in the UK and China, Airgain's innovative antenna systems are integral to devices deployed in carrier, enterprise, and residential wireless networks. These include set-top boxes, access points, routers, gateways, media adapters, digital televisions, and Internet of Things (IoT) devices.
Airgain partners with leading global brands, including original equipment and design manufacturers, chipset makers, and telecommunications operators. Their products span multiple sub-brands: Airgain Embedded, Airgain Integrated, and Airgain Antenna+. These products and solutions tackle complex radio frequency engineering challenges, ensuring high-speed throughput, broad coverage, and carrier-grade quality.
Recent achievements highlight Airgain's significant role in the wireless industry:
- Secured a multi-year, multi-million dollar design win with a Tier One multi-service operator (MSO) in North America, enabling the upgrade of customer premise equipment to Wi-Fi 7.
- Announced a distribution agreement with Techship, Inc., expanding the reach of NimbeLink® cellular modems globally.
- Reported financial results showing resilience and growth despite challenging economic conditions, with a notable increase in enterprise market sales.
- Launched the Lantern™ device, a high-performance 5G/LTE connectivity solution for fixed wireless access (FWA), recently certified by major mobile operators and regulatory bodies in North America.
Airgain's expertise in custom cellular and antenna system design, combined with its focus on high-growth technologies, positions it as a leader in simplifying the complexity of wireless connectivity. Their mission is to connect the world through optimized, integrated wireless solutions, making significant strides in enhancing signal performance and speeding time-to-market for diverse applications.
Omantel and Airgain (NASDAQ: AIRG) have established a multi-year strategic partnership to enhance 5G connectivity across the Middle East and North Africa (MENA) region. The collaboration centers on Airgain's Lighthouse, a smart network repeater that amplifies and extends 5G signals in challenging coverage areas.
The partnership aims to address key challenges in 5G deployment, particularly in remote locations, large indoor spaces, and congested urban areas. The solution promises to deliver consistent, high-speed connectivity for both residential and business applications. Beyond traditional vendor-operator relationships, the collaboration includes joint research and development efforts to create MENA-specific solutions.
Omantel CEO Talal Al Mamari emphasized the partnership's role in advancing telecommunications innovation, while Airgain CEO Jacob Suen highlighted the focus on scalable and energy-efficient solutions to capitalize on 5G revenue opportunities.
Airgain (NASDAQ: AIRG) has released preliminary Q4 2024 financial results, projecting sales between $14.6 million and $15.6 million ($15.1 million at midpoint). The quarter was impacted by higher-than-expected channel excess inventories and two IoT project delays. Despite challenges, the company expects to report positive adjusted EBITDA for Q4 2024, driven by gross margin improvement and reduced operating expenses.
Cash and cash equivalents are estimated at $8.5 million as of December 31, 2024, up from $7.3 million in the previous quarter and $7.9 million year-over-year. The company announced a new carrier certification for its AirgainConnect Fleet platform and established a strategic partnership with Omantel for its Lighthouse solution, marking its first multi-year, multi-million-dollar Lighthouse contract. Complete financial results will be released after market close on February 27, 2025.
Airgain (NASDAQ: AIRG) has granted inducement awards to a new non-executive employee under its 2021 Employment Inducement Incentive Award Plan. The awards, approved on January 15, 2025, consist of 7,238 restricted stock units (RSUs). These RSUs will vest over a four-year period in equal annual installments on March 15 of 2026, 2027, 2028, and 2029, contingent upon the employee's continued employment with the company. The Compensation Committee of Airgain's Board of Directors approved these awards in compliance with Nasdaq Rule 5635(c)(4), serving as an inducement for the new hire to join the company.
Airgain reported Q3 2024 financial results with sales of $16.1 million, showing a 6.0% increase quarter-over-quarter and 17.6% year-over-year growth. The company achieved a GAAP gross margin of 41.7% and reported a GAAP net loss of $1.8 million or $(0.16) per share. Sales were distributed across consumer ($6.8M), enterprise ($6.7M), and automotive ($2.6M) markets. The company successfully launched its next-generation AirgainConnect® Fleet vehicle gateway and provided Q4 2024 guidance with expected sales between $16.2-18.2 million.
Airgain (NASDAQ: AIRG) has launched the AT-Flight asset tracker, targeting healthcare and life sciences IoT markets. The device features artificial intelligence for automatic flight detection and ambient sensor technology, designed for tracking high-value, temperature-sensitive assets during ground and air transportation. The AT-Flight operates in temperatures as low as -20°C and offers extended battery life compared to competitors. The product has received PTCRB, FCC, and DO-160 certifications, with airline approvals pending. Airgain has secured an initial purchase order from a healthcare solution provider, with volume shipments scheduled to begin in Q1 2025.
Airgain (NASDAQ: AIRG), a wireless connectivity solutions provider, has announced its participation in two financial conferences in November 2024. The company will attend the 15th Annual Craig-Hallum Alpha Select Conference on November 19 at the Sheraton New York Times Square Hotel and the 13th Annual ROTH Technology Conference on November 20 at the Hard Rock Hotel in New York. President and CEO Jacob Suen and CFO Michael Elbaz will be available for one-on-one and small group meetings at both events.
Airgain, Inc. (NASDAQ: AIRG), a provider of wireless connectivity solutions, has granted inducement awards to two new employees. The awards, made on October 16, 2024, under Airgain's 2021 Employment Inducement Incentive Award Plan, include 10,027 restricted stock units (RSUs) and 17,135 incentive stock options (ISOs).
The RSUs will vest over four years in equal annual installments, while the ISOs will vest over four years, with 25% vesting on the first anniversary of September 9, 2024, and the remaining shares vesting in 36 equal monthly installments. Both are subject to continued employment. The Compensation Committee of Airgain's Board of Directors approved these awards in compliance with Nasdaq Rule 5635(c)(4).
Airgain (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has announced its third quarter 2024 earnings call scheduled for Tuesday, November 12, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). The company will discuss financial results for the quarter ended September 30, 2024.
The conference call will be accessible via phone at (877) 407-2988 or (201) 389-0923, and will be broadcast live on the investor section of Airgain's website. A webcast replay will be available until November 12, 2025. This event provides an opportunity for investors and analysts to gain insights into Airgain's recent performance and future outlook.
Airgain, Inc. (NASDAQ: AIRG) has received T-Mobile and AT&T carrier certifications for its AirgainConnect® Fleet™ 5G Vehicle Gateway. The device, launched at CES 2023, combines a 5G NR modem, Wi-Fi 6 router, gigabit ethernet, GNSS/GPS, and high-performance antennas in a compact, roof-mountable unit. It has also obtained FCC, PTCRB, and Industry Canada accreditations for use across North America.
The AC-Fleet™ offers optimized wireless performance and significant cost savings compared to traditional setups. At only two inches tall, it provides flexibility across multiple markets, including public safety, transportation, and various fleet types. The device is now available for purchase and is under trial by customers in the US, Canada, and Asia.
Airgain (NASDAQ: AIRG), a global leader in wireless connectivity solutions, is set to present at the 2024 Annual Gateway Conference on September 5th at 10 a.m. PT in San Francisco. CEO Jacob Suen and CFO Michael Elbaz will lead the presentation, which will be webcast live and available for replay. The event offers Airgain's management team the opportunity to engage in one-on-one meetings with investors and analysts, showcasing the company's latest developments in embedded components, external antennas, and integrated systems.
This presentation at a prominent investor conference highlights Airgain's commitment to shareholder communication and market visibility. Interested parties can request invitations or schedule meetings via email, indicating the company's openness to investor engagement and transparency in its operations.
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