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) 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.
