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 (NASDAQ: AIRG) has entered into a strategic Memorandum of Understanding (MOU) with Compal Electronics (TAIEX: 2324), a global leader in smart device manufacturing, to commercialize Airgain's 5G Smart Fixed Wireless Access (FWA) technology, Smart Lantern™. The MOU aims to enable mass production of this technology, promising to enhance 5G customer experience and reduce installation costs for operators. Preliminary tests show over 25% improvement in performance and range compared to traditional FWA equipment. This partnership aligns with a projected $67 billion FWA market by 2028, growing at a 16% CAGR.
Airgain has secured its first purchase order from a tier one multi-service operator (MSO) in North America for its Wi-Fi 7 antenna solution. The deal is valued at several million dollars over multiple years, with the first shipment expected in the third quarter of 2024. Airgain’s Wi-Fi 7 design enhances wireless capacity, performance, and speed, offering significant benefits to consumers and generating new revenue opportunities for MSOs.
Airgain, Inc. (NASDAQ: AIRG) will be virtually presenting at the 19th Annual Needham Virtual Technology, Media & Consumer Conference on May 16, 2024. The presentation will be webcast and Airgain management is scheduled to present at 1:30 p.m. ET. Interested parties can schedule one-on-one meetings with Airgain management through Gateway Group.
Airgain, Inc. (NASDAQ: AIRG) reported strong sequential revenue growth in the first quarter of 2024, reaching $14.2 million in sales. The enterprise market drove this growth, with a focus on 5G connectivity initiatives. Gross margin increased to 39.2%, and the company saw a net loss of $2.5 million or $(0.23) per share. Despite a decrease in sales year-over-year, Airgain remains optimistic for the future.
Digi International, a global IoT connectivity provider, won a patent infringement case against NimbeLink , a subsidiary of Airgain Inc. The U.S. District Court invalidated all patent claims against Digi related to NimbeLink's Skywire cellular modems. This ruling follows a previous dismissal of NimbeLink's contract claims. Digi's President, Ron Konezny, expressed satisfaction with the Court's decision.
Airgain, Inc. (NASDAQ: AIRG) has received industry accreditation for its 5G LanternTM fixed wireless access (FWA) solution in North America. The outdoor CPE device enables high-speed 5G internet access and has been certified by top mobile operators like AT&T and T-Mobile, as well as industry bodies like the FCC and Industry Canada. The device includes EZ Installation features for easy setup and remote management capabilities.
Airgain, Inc. (NASDAQ: AIRG) has signed an agreement with Mouser Electronics to distribute its wireless and IoT products globally. This new partnership will make Airgain's innovative products more widely available to design engineers through Mouser's online platform, aiming to simplify wireless connectivity in new product designs.
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