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.
Airgain, Inc. (NASDAQ: AIRG) announced the granting of inducement awards to 6 new non-executive employees on November 15, 2021. The awards consist of options to purchase 24,500 shares and 13,300 restricted stock units (RSUs). The options have a 10-year term with an exercise price of $10.27, vesting over four years. RSUs vest in four equal installments yearly starting November 15, 2022. These grants comply with Nasdaq Rule 5635(c)(4) and serve as incentives for new hires.
Airgain, Inc. (Nasdaq: AIRG) reported its third quarter 2021 financial results, revealing a total revenue of $15.5 million, down 10.6% from the prior quarter. The company experienced a GAAP net loss of $3.1 million or $0.30 per share. Despite these challenges, growth was noted in enterprise and automotive markets, driven by industrial IoT and Wi-Fi solutions. Sales for the first nine months of 2021 reached $50.1 million, reflecting a 40.5% increase year-over-year. Looking ahead, Airgain expects Q4 sales between $13.5 million and $14.5 million, with a projected GAAP gross margin of 32.5% to 34.5%.
Airgain, Inc. (Nasdaq: AIRG) will hold a conference call on
Airgain (Nasdaq: AIRG) has launched the AirgainConnect AC-HPUE-FWA high power antenna-modem to enhance fixed wireless access (FWA) for critical communications. Designed for emergency responders and essential services, this device maximizes coverage and reliability in challenging environments. The AC-HPUE-FWA is now available in black and complements existing white models. The product will be showcased at the IWCE in Las Vegas from September 27-30, 2021, with company representatives discussing its features for public safety tasks. Orders can be placed through Airgain's partners or directly.
Airgain and Sierra Wireless have successfully completed public safety agency field trials, showcasing their advanced Power Class 1 connectivity solutions. The partnership has resulted in significant customer acquisitions, demonstrating a commitment to integrated mobile and fixed connectivity. Their combined solution, featuring AirgainConnect AC-HPUE technology and AirLink router platforms, is designed for enhanced coverage in demanding environments. This collaboration aims to improve communications for first responders and critical energy providers, reflecting both companies' dedication to robust wireless networking.
Airgain, Inc. (Nasdaq: AIRG) reported its Q2 2021 financial results, showing sales of $17.3 million, a decrease of 0.5% compared to Q1 2021. Revenue sources included $8.9 million from consumer, $6.2 million from enterprise, and $2.2 million from automotive markets. GAAP net loss was $2.6 million or $(0.26) per share, while non-GAAP net income was $0.6 million or $0.05 per diluted share. Looking ahead, Q3 sales are forecasted between $15.0 million and $17.0 million, indicating a potential quarter-over-quarter decline of 7.5% at midpoint.
Airgain, Inc. (NASDAQ: AIRG) has launched a limited-time promotion, offering a $400 MSRP reduction on AirgainConnect and an additional $800 service credit through FirstNet, benefiting first responders. This promotion aims to enhance connectivity in challenging environments such as urban areas and remote locations. Available to public safety entities starting August 6, 2021, this offer is currently valid in select states. The initiative is expected to support first responders by maximizing network coverage during crises, offsetting the total cost by $1,200 for qualifying customers.
Airgain will conduct a conference call on August 10, 2021, at 5:00 p.m. ET to discuss its Q2 2021 financial results ending June 30, 2021. The call will follow a press release detailing these results. Interested parties can register for the conference call here. A replay will be available post-call until September 10, 2021. Airgain specializes in advanced wireless connectivity solutions across various markets including consumer, enterprise, and automotive.
Airgain, Inc. (NASDAQ: AIRG) announced the appointment of Kiva Allgood to its board of directors. Allgood, previously Global Head of IoT and Automotive at Ericsson, brings extensive experience from her roles at GE and Qualcomm. Her expertise in 5G and Industrial IoT is expected to enhance Airgain's strategic direction as it explores new markets and product innovation opportunities. Chairman James Sims expressed confidence in Allgood's ability to contribute to the company's growth in wireless connectivity.
Airgain, Inc. (NASDAQ: AIRG) has granted inducement awards to 11 new non-executive employees under its 2021 Employment Inducement Incentive Award Plan. The awards total 23,500 stock options and 16,700 restricted stock units (RSUs), valued at $18.05 per share, with a 10-year term. Options vest over four years, while RSUs vest in equal installments from 2022 to 2025. This initiative aims to attract new talent to support Airgain's wireless connectivity solutions across various markets. The awards were approved by the Compensation Committee in compliance with Nasdaq regulations.
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