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) reported financial results for Q4 and full year 2021, revealing Q4 sales of $14.1 million, an 8.5% decline from Q3. Net loss was $4.6 million or $(0.46) per share. Consumer sales dropped by $2.1 million due to global supply shortages, while automotive sales grew by $1.4 million. For full year 2021, sales increased 32.5% to $64.3 million, primarily driven by enterprise market growth. Looking ahead, Q1 2022 revenue is projected between $16.5 million and $18.0 million, with expectations for improved gross margins.
Airgain, Inc. (NASDAQ: AIRG) recently received the Andrew Seybold Award for Technology Innovation from the Public Safety Broadband Technology Association (PSBTA). This accolade recognizes their collaboration with FirstNet and AT&T in developing the AirgainConnect AC-HPUE™ device, which enhances connectivity for first responders. Launched in early 2021, this device addresses coverage challenges in urban areas, supporting the public safety broadband network established by legislation in 2012. Airgain continues to focus on connectivity solutions for critical needs.
Airgain, Inc. (NASDAQ: AIRG) announced inducement awards for two new non-executive employees on February 15, 2022. The awards total 6,500 stock options at an exercise price of $9.65, vesting over four years, and 1,500 restricted stock units (RSUs) vesting in equal installments from March 1, 2023, to 2026. These inducements were approved by Airgain’s Compensation Committee under Nasdaq Rule 5635(c)(4) to encourage new hires. Airgain specializes in advanced wireless connectivity technologies for various markets, including consumer and enterprise sectors.
Airgain, Inc. (NASDAQ: AIRG) announced the departure of CFO David Lyle on March 1, 2022, who will continue to consult until the filing of the company's 10-K. Lyle has played a key role in transitioning the company towards enterprise and automotive markets. Airgain has reaffirmed its Q4 2021 revenue guidance, projecting between $14.0 million and $14.2 million, slightly above previous estimates. CEO Jacob Suen highlighted the company’s solid bookings for Q1 2022, indicating potential growth.
Airgain, Inc. (NASDAQ: AIRG) will announce its financial results for Q4 and the full year ended December 31, 2021, during a conference call on
Airgain, Inc. (NASDAQ: AIRG) announced the granting of inducement awards to Victor Blair, who has joined the company as Vice President of Global Operations. The inducement package includes options for 20,000 shares and 10,000 restricted stock units (RSUs). The options have a 10-year term at an exercise price of $10.92, vesting over four years. The RSUs vest in four equal installments from March 2023 to 2026. The awards are part of Airgain's 2021 Employment Inducement Incentive Award Plan and were approved by the Compensation Committee following Nasdaq regulations.
Airgain, Inc. (NASDAQ: AIRG) has launched the Multimax™ 5G, a versatile outdoor antenna designed to cater to the rising demand for 5G connectivity in various sectors, including fleet and public safety. This high-performance antenna features a rugged UV-protected enclosure and supports multiple configurations, allowing up to seven elements. Airgain aims to enhance connectivity solutions alongside its existing Centurion™ 5G platform, providing comprehensive options for customers with diverse connectivity needs.
Airgain, Inc. (NASDAQ: AIRG) has partnered with Cloudleaf, Inc. to enhance supply chain visibility using Airgain’s NimbeLink Asset Trackers. This collaboration aims to provide critical location and condition data for real-time asset and shipment decisions globally. NimbeLink trackers, known for their long battery life and ability to monitor various environmental conditions, will integrate with Cloudleaf’s advanced SaaS platform, which leverages IoT and digital twin technologies. This alliance addresses current challenges in global supply chains, enhancing efficiency and risk management.
Airgain, Inc. (NASDAQ: AIRG) has partnered with GRID20/20, Inc. to deploy the GRIDWIDE FIRE-SPY™ wildfire mitigation solution using Airgain's Skywire® Embedded Modems. This innovative system aims to enhance early wildfire detection and public safety via existing utility infrastructure. The sensors are designed for quick deployment on overhead transformers to reduce wildfire risks, improve situational awareness, and lessen environmental impacts. Successful field tests have occurred in Virginia and Hawaii, signaling a promising future for this wildfire monitoring technology.
Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, will present at the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. Management is scheduled to present on January 12 at 5:00 p.m. Eastern time. The presentation can be accessed via a webcast and will be available for replay. Interested parties can schedule one-on-one meetings through Gateway Group at AIRG@gatewayir.com. More details are available at airgain.com.
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