Welcome to our dedicated page for Airspan Networks Holdings news (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on Airspan Networks Holdings stock.
Airspan Networks Holdings Inc. (MIMO) delivers cutting-edge LTE small cell and backhaul solutions for global telecommunications networks. This news hub provides investors and industry professionals with timely updates on strategic developments, financial milestones, and technological advancements shaping the company's trajectory in wireless infrastructure.
Access comprehensive coverage of earnings announcements, product innovations, and partnership agreements. Our curated collection ensures you stay informed about MIMO's role in enabling smart grid deployments, public safety networks, and mission-critical connectivity solutions across vertical markets.
Discover updates spanning regulatory developments, patent filings, and international expansion efforts. The repository serves as your primary source for understanding Airspan's integration of LTE Advanced, OFDMA, and other proprietary technologies in evolving 4G/5G ecosystems.
Bookmark this page for streamlined access to verified updates about MIMO's network deployments and market positioning. Check back regularly to monitor how Airspan continues addressing complex connectivity challenges through its specialized wireless expertise.
Airspan Networks Holdings Inc. (NYSE American: MIMO) disclosed in its Annual Report on Form 10-K for the year ended December 31, 2022, that its audited financial statements contained a going concern emphasis of matter paragraph from its independent auditor. This notification is compliant with NYSE American Company Guide Section 610(b). The announcement does not alter the Company’s consolidated financial statements or the Annual Report. Airspan is focused on innovative software and hardware for 5G networks and has shipped over one million cells to customers across more than 100 countries.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported its financial results for the full year and fourth quarter ending December 31, 2022.
Fourth quarter revenue stood at $41.7 million, marking a 1% increase sequentially but a 17% decrease year-over-year. The gross margin improved to 46.1% from 39.8% in the previous quarter. Net loss narrowed to $11.3 million, down from $23.3 million in Q3 2022.
For the full year, revenues totaled $167.3 million, a 6% decline from 2021, with a net loss of $85.4 million, compared to $70.5 million in the previous year.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported unaudited revenue of
Airspan Networks Holdings (AMEX: MIMO) has announced the sale of Mimosa Networks, Inc. to Radisys Corporation for US$ 60 million on a debt-free, cash-free basis. This strategic move comes after Airspan acquired Mimosa in 2018 to enhance fixed wireless access networks. Mimosa's teams will remain intact post-sale, and Airspan will continue to market Mimosa products in select projects. Jio, a major customer of Mimosa and a shareholder in Airspan, is expected to leverage this acquisition to advance telecom innovations. The deal is anticipated to close in Q3 2023, pending regulatory review.
