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) will host a conference call on May 11, 2023, at 5:00 p.m. Eastern Time to discuss financial results for the first quarter ending March 31, 2023. The call will be followed by a question-and-answer session, allowing attendees to engage with management.
Participants can join the call by dialing (877) 407-2988 or +1 (201) 389-0923. The call will also be available via a live webcast, with replay options extending until May 11, 2024.
Airgain specializes in wireless connectivity solutions, offering products such as embedded components and integrated systems. The company's sub-brands include Airgain Embedded and Airgain Antenna+, targeting the enterprise, automotive, and consumer markets.
Airgain, Inc. (NASDAQ: AIRG) has secured a multi-year contract to provide its NimbeLink® asset tracking solution for monitoring railcars. This cellular-based technology enables asset tracking indoors and outdoors, minimizing wireless infrastructure costs. The rail transportation market, valued at over $110B in the US, continues to grow at 2.9% annually, necessitating reliable connectivity solutions. Airgain's asset trackers, which can last up to 14 years on a single battery, integrate sensors for comprehensive tracking data. This contract signifies Airgain's strong position in a growing rail industry, emphasizing the critical role of connectivity in improving operational efficiency.
Airgain, Inc. (AIRG) reported fourth quarter 2022 sales of $19.9 million, up 4% sequentially and 41% year-over-year, contributing to fiscal year sales of $75.9 million, an 18% increase from 2021. Significant growth was noted in the enterprise market, with Q4 sales driven by $10.0 million from enterprise, $3.4 million from automotive, and $6.5 million from consumer markets. The company incurred a GAAP net loss of $3.2 million in Q4, down from a loss of $1.3 million in Q3. Looking ahead, Q1 2023 sales are projected between $15.7 million and $17.3 million.
Airgain, Inc. (NASDAQ: AIRG) has launched its Lighthouse™ smart repeaters, aimed at enhancing 5G coverage and reducing operational costs for mobile network operators. These new products include low-power SOHO repeaters and high-power network repeaters, boasting advanced features such as carrier aggregation, low latency, and innovative smart antenna technology. Airgain plans to begin trials of these repeaters on major operator networks in Q2 2023. This initiative aligns with Airgain's ongoing commitment to deliver comprehensive 5G solutions, which include fixed wireless access and enterprise software management.
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