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 leader in advanced antenna solutions and wireless connectivity technologies, powering next-generation networks across residential, enterprise, and IoT ecosystems. This page serves as the definitive source for all official company announcements and market-moving developments.
Investors and industry professionals will find curated updates including quarterly earnings reports, product innovation announcements, and strategic partnership details. Our collection spans technical breakthroughs in RF engineering, regulatory filings, and executive leadership updates essential for understanding AIRG's position in the wireless technology sector.
Content is organized to highlight critical updates first, with clear dating and sourcing for transparency. Regular visitors can track emerging trends in 5G antenna systems, automotive connectivity solutions, and enterprise network optimizations through AIRG's verified communications.
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Airgain, Inc. (NASDAQ: AIRG) has been selected by a leading enterprise networking equipment manufacturer to provide a 5G antenna solution for its new enterprise network platform. This innovative antenna system, optimized for large indoor deployments, features multi-Gigabit capabilities essential for high throughput and low-latency network services. Airgain anticipates further collaborations with the company, highlighting its commitment to the growing wireless SD-WAN market.
Airgain, Inc. (NASDAQ: AIRG) has launched the NimbeLink AT6 asset tracking device, designed for monitoring assets in transit and remote locations. It features a battery life of over 10 years, sensors for motion, temperature, and tampering, and supports GPS, cellular, and Wi-Fi triangulation for accurate location detection. The AT6 is strategically designed for various applications, including supply chain and logistics, and represents an expansion of Airgain’s portfolio of intelligent asset trackers. This device positions Airgain to capitalize on the growing asset tracking market.
Airgain, Inc. (NASDAQ: AIRG), a provider of advanced antenna technologies, will participate in the 33rd Annual Roth Conference from March 15-17, 2021. The conference will be held virtually, allowing Airgain management to engage in one-on-one meetings with institutional investors and analysts. Airgain is known for enabling high-performance wireless networking across various markets, including consumer, enterprise, and automotive sectors. For more information or to schedule a meeting, contact Airgain’s IR team.
Airgain, Inc. (NASDAQ: AIRG) reported fourth-quarter sales of $12.8 million, with a gross margin of 45.5%. Operating expenses for the quarter rose to $6.9 million, leading to a GAAP net loss of $1.1 million, or $(0.11) per share. Conversely, non-GAAP net income was $0.2 million, or $0.02 per share. Full-year sales declined by 12.9% to $48.5 million due to COVID-19 impacts. Looking ahead, Q1 2021 sales are expected between $16.5 million and $17.5 million, signaling a potential 52% year-over-year growth.
Airgain, Inc. (NASDAQ: AIRG) has elevated Vice President Morad Sbahi to Senior Vice President of Global Product and Marketing. This new role will have him oversee product management and marketing efforts, enhancing brand awareness and driving adoption of Airgain's technologies worldwide. Sbahi, who joined Airgain in 2013, played a key role in the acquisition of NimbeLink, a company specializing in edge-based cellular solutions. His promotion reflects confidence in his extensive experience in semiconductor and service provider sales, critical for advancing Airgain's innovative product line.
Airgain has granted inducement awards to 21 new non-executive employees following its acquisition of NimbeLink Corp. on January 7, 2021. These awards consist of options to purchase 125,000 shares of common stock at an exercise price of $24.22, with a 10-year term. The options vest over four years, starting with 25% on the first anniversary of the acquisition closing. This move aims to attract talent, aligning with Nasdaq Rule 5635(c)(4), and indicates Airgain's commitment to expanding its workforce in the wake of the acquisition.
Airgain, Inc. (NASDAQ: AIRG) will host a conference call on February 18, 2021, at 5:00 p.m. ET to discuss its fourth-quarter and full-year financial results for 2020. The financial results will be released prior to the call. Management will present the results and answer questions from participants. The call will be accessible via registration, and a replay will be available post-call until March 18, 2021. Airgain specializes in advanced antenna technologies across various markets, including consumer and automotive sectors.
Airgain (NASDAQ: AIRG) announced the national launch of its AirgainConnect AC-HPUE, the first antenna-modem for FirstNet, designed for public safety agencies. This integrated solution enhances wireless connectivity by maximizing coverage and throughput, complying with 3GPP and FCC standards. Successful field trials demonstrated significant improvements in signal coverage. Strategic partner GetWireless expressed enthusiasm over market demand and has placed stocking orders. AirgainConnect is manufactured in the USA, ensuring quality and quick delivery.
Airgain, a provider of advanced antenna technologies, announced the launch of its MULTIMAX Next 6-in-1 and 5-in-1 antennas designed for fleet vehicles. These antennas support advanced 5G and Wi-Fi 6E performance with a compact design that ensures durability against various hazards. They offer dual MIMO LTE and 5G applications, and are tailored for public safety organizations needing reliable connectivity. The antennas will be showcased at CES 2021, highlighting Airgain's innovation in wireless networking solutions.
Airgain, Inc. (NASDAQ: AIRG) reported preliminary sales of $12.8 million for Q4 2020 and $48.5 million for the full year. CEO Jacob Suen expressed satisfaction with results exceeding guidance despite challenges. The company is optimistic about its AirgainConnect® product platform, expecting it to drive significant growth in 2021. The results are preliminary and subject to change pending audit completion. Full financial results will be reported in February 2021.
