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Airspan Networks Holdings Inc. (NASDAQ: MIMO) is a leading global provider of wireless broadband solutions. Established in 1992 as a division of DSC Communications, Airspan became an independent entity in 1997. With a diverse customer base of over 1000 clients in more than 100 countries, the company offers a comprehensive range of LTE and 4G base stations along with small cell backhaul solutions utilizing both LTE relay and proprietary technologies.
Airspan is renowned for its innovation in LTE small cells, making significant strides in mobile carrier and private network deployments. The company's solutions cater to various sectors, including fixed internet service providers, smart grids, public safety, transportation, and the oil & gas industry.
Boasting deep in-house expertise in LTE, LTE Advanced, OFDMA, Wi-Fi, and VoIP technologies, Airspan is at the cutting edge of breakthrough RAN solutions. They effectively integrate these technologies to create synergistic and innovative products that meet the evolving needs of the market.
Airspan's strategic partnerships and collaborations enhance its market position, offering clients cutting-edge solutions that improve network efficiency and reliability. The company's ongoing projects and recent achievements underscore its commitment to technological advancement and customer satisfaction.
For the latest updates on Airspan Networks Holdings Inc., including their financial performance and current projects, follow the latest news releases from sources such as Radisys Corporation and Airspan Networks Holdings Inc.
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.
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