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) announced a partnership with the Fraunhofer Heinrich Hertz Institute to enhance fixed and mobile wireless access technology. The collaboration aims to improve wireless systems and network performance for better user experiences. Airgain's CTO, Dr. Ali Sadri, highlighted the focus on reducing deployment costs while improving network coverage. Notably, Dr. Thomas Haustein from Fraunhofer HHI praised Airgain's new product innovations for potentially transforming 5G network performance.
Airgain, Inc. (Nasdaq: AIRG) reported strong financial results for Q2 2022, featuring record sales of $19.3 million, reflecting a 10% sequential and 11% year-over-year increase. The company achieved its first adjusted EBITDA profitability in over a year, with a GAAP net loss of $1.6 million or $(0.16) per share. Enterprise sales surged by $0.5 million, while Automotive sales increased by $1.4 million. However, gross margins decreased to 38.9% due to a less favorable sales mix. The outlook for Q3 2022 anticipates GAAP sales to range between $18.0 million to $19.5 million.
Airgain, Inc. (NASDAQ: AIRG) has scheduled a conference call for August 11, 2022, at 5:00 p.m. ET to discuss its Q2 2022 financial results. The call will feature management presentations followed by a Q&A session.
Investors can access the call via dial-in numbers (888) 437-3179 or (404) 267-0369, and it will be broadcast online. A replay will be available after 8:00 p.m. ET on the same day until August 11, 2023.
Airgain, Inc. (NASDAQ: AIRG) announced on July 15, 2022, that it granted inducement awards to three non-executive employees to encourage their joining the company. The awards consist of options to purchase a total of 2,500 shares and 500 restricted stock units (RSUs). The options have a 10-year term with an exercise price of $8.38, vesting over four years. The RSUs vest in four equal installments starting August 15, 2023. These awards comply with Nasdaq Rule 5635(c)(4) and are aimed at enhancing workforce stability.
Airgain, Inc. (NASDAQ: AIRG) will participate in the H.C. Wainwright Global Investment Conference on May 24, 2022. President and CEO Jacob Suen is set to present at 7:00 a.m. Eastern time and will hold one-on-one meetings with investors starting May 23, 2022. The company specializes in advanced wireless connectivity solutions across multiple sectors, including consumer and automotive markets. Interested parties can contact Gateway Group for more information or to schedule meetings.
Airgain, Inc. (NASDAQ: AIRG) has launched a new Citizens Broadband Radio Service (CBRS) and Lower C-Band Panel Antenna, enhancing its offerings in advanced wireless connectivity technologies. This product aims to enable enterprises to establish private wireless networks more efficiently, boasting lower total ownership costs compared to Wi-Fi. Equipped with MIMO technology, the antenna provides superior coverage and capacity, addressing growing demands for reliable connectivity in various sectors, including corporate and educational institutions.
Airgain, Inc. (NASDAQ: AIRG) has granted inducement awards to three new non-executive employees as part of its 2021 Employment Inducement Incentive Award Plan. This includes options for 8,000 shares and 3,500 restricted stock units (RSUs). The options, with a 10-year term, have an exercise price of $10.35 and vest over four years. RSUs vest in four equal installments beginning May 15, 2023. The awards aim to attract talent amid competitive pressures in the wireless connectivity sector.
Airgain, Inc. (Nasdaq: AIRG) reported first quarter 2022 financial results with sales of $17.5 million, a 23.9% increase from the previous quarter. The GAAP gross margin improved to 40.8%, while the net loss decreased to $2.5 million or $(0.25) per share. Specifically, Consumer sales rose by $3.6 million, but Automotive sales fell by $0.7 million. For the second quarter, the company expects sales between $18.5 million and $20.0 million with a gross margin of 38.0% to 42.0%. The conference call is scheduled for May 10, 2022.
Airgain (NASDAQ: AIRG) has partnered with Mobix Labs to develop innovative 5G technology solutions focusing on mmWave and C-band applications. This collaboration aims to create cost-effective products to enhance 5G coverage and connectivity. The joint efforts will leverage Airgain's wireless technology and Mobix's expertise in system-on-chip design, targeting various sectors including consumer electronics, automotive, and military applications. Both companies anticipate new growth opportunities through this strategic partnership.
Airgain, Inc. (NASDAQ: AIRG) will hold a conference call on May 10, 2022, at 5:00 p.m. Eastern Time to discuss its financial results for Q1 2022, ending March 31, 2022. The call will be accessible via dial-in and will feature a Q&A session. Participants can register through the provided link for call details and a unique ID. A replay will be available post-call until May 10, 2023. Airgain specializes in advanced wireless connectivity technologies across various markets, including consumer, enterprise, and automotive.
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