Airgain Stock Price, News & Analysis

Airgain (NASDAQ: AIRG), a leading provider of advanced wireless connectivity and 5G technology solutions, has announced its participation in the 37th Annual Roth Conference from March 16-18, 2025, at the Laguna Cliff Marriott Resort & Spa in Dana Point, California.

President and CEO Jacob Suen and CFO Michael Elbaz will conduct one-on-one meetings with institutional investors and analysts on March 17-18. During these sessions, management will discuss the company's strategic growth initiatives, including:

• Partnership with Omantel to expand global 5G presence
• Recent carrier certification for AirgainConnect Fleet
• Pipeline of upcoming product launches targeting emerging market opportunities

Institutional investors can arrange meetings through their Roth sales representative or via oneonone@roth.com.

Airgain (NASDAQ: AIRG) reported Q4 2024 financial results with sales of $15.1 million, up 50% year-over-year but down 6% sequentially. The company achieved a significant milestone with the first commercial deployment of Lighthouse, their Smart Network-Controlled Repeater.

Q4 2024 financial highlights include a GAAP gross margin of 42.2% and a GAAP net loss of $2.0 million ($(0.17) per share). The quarter saw market distribution of sales: $6.5M from consumer, $5.3M from enterprise, and $3.3M from automotive segments.

For full year 2024, Airgain reported total sales of $60.6 million, an 8.1% increase from 2023, with a GAAP net loss of $8.7 million. The company secured a strategic partnership with Omantel and received AT&T certification for AirgainConnect Fleet. Q1 2025 outlook projects sales between $11.0-13.0 million with expected GAAP net loss per share of $(0.11) at midpoint.

Airgain, Inc. (NASDAQ: AIRG) has launched Lighthouse Solar™, a groundbreaking solar-powered 5G Smart Network-Controlled Repeater that operates completely independent of the power grid. This innovative technology offers telecom operators new revenue opportunities while accelerating 5G adoption in remote areas.

Recent field trials demonstrated impressive results, including 20% 5G coverage expansion, speed transformations from 1 Mbps on 4G to an average of over 250 Mbps (with peaks of 425 Mbps), and more than 50% improvement in spectrum efficiency. The solution can be deployed in less than a day without requiring power grids or fiber backhaul, significantly reducing capital and operating expenditures.

Dr. Ali Sadri, CTO at Airgain, emphasized that this breakthrough positions the company at the forefront of the 5G infrastructure revolution by offering a sustainable, grid-independent solution that enables network expansion at lower costs. Airgain will showcase Lighthouse Solar at Mobile World Congress in Barcelona (March 3-6), where they'll host an event with Omantel to discuss sustainable 5G wireless solutions.

Airgain (NASDAQ: AIRG), a wireless connectivity solutions provider, has announced the granting of inducement awards to a new non-executive employee. The awards, granted on February 18, 2025, consist of 3,809 restricted stock units (RSUs) under the company's 2021 Employment Inducement Incentive Award Plan.

The 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 service with Airgain. 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 employee to join the company.

Airgain (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has announced its upcoming Fourth Quarter and Full Year 2024 conference call scheduled for Thursday, February 27, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).

The company's management will present financial results for Q4 and the year ended December 31, 2024, followed by a question-and-answer session. Investors can join via phone using the dial-in numbers 877-407-2988 or 201-389-0923 (Confirmation #13751692), or through the Call Me feature.

The conference call will be simultaneously broadcast and available for replay through the investor section at investors.airgain.com. A webcast replay will remain accessible via the registration link until February 27, 2026, starting from 8:00 p.m. Eastern time on the day of the call.

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.