Airspan Networks Holdings Inc. - MIMO STOCK NEWS

Airspan Networks Holdings Inc. (AMEX: MIMO) has achieved a significant deployment milestone by installing 120 eNodeB base stations as part of NextWave's New York Metro Private Network initiative. This deployment aims to enhance 4G LTE coverage utilizing NextWave’s 50 MHz Band 41 spectrum, targeting nearly 15 million users by the end of 2023. The partnership highlights Airspan's capabilities in providing integrated 4G and 5G solutions, catering to the evolving demands of private networks. Future expansions are planned for cities like San Francisco and Los Angeles. The collaboration emphasizes Airspan's commitment to delivering innovative connectivity solutions across various sectors.

Airspan Networks Holdings Inc. (NYSE American: MIMO) announced its collaboration with Federated Wireless to integrate Automated Frequency Coordination (AFC) services into its new Fixed Wireless Access (FWA) 6-series products: A6, C6x, and B6x. This partnership aims to enhance the performance and deployment of Wi-Fi 6E systems. The AFC service, approved by the FCC, enables standard-power transmission in the 6 GHz band, significantly improving coverage and efficiency. Airspan's innovative technology supports high-speed and robust wireless solutions, positioning the company favorably in the evolving telecommunications landscape.

On January 4, 2023, Airspan Networks Holdings Inc. (NYSE American: MIMO) received a notice from NYSE American indicating that trading of its warrants (MIMO WSC) was halted due to a low trading price. On January 6, the NYSE announced proceedings to delist the warrants, citing their unsuitability for listing. The company will not appeal this decision, and the warrants will now trade over-the-counter under the new symbol MIMOW starting January 9. Meanwhile, Airspan's common stock and other warrant series will remain on the NYSE American.

Airspan Networks Holdings Inc. (NYSE American: MIMO) announced plans to expand its 5G Innovation Lab in Tokyo, responding to rising demand for interoperability testing and integration for 5G networks in the Asia-Pacific region. The new lab will showcase various Open RAN architectures, promoting integration simplicity with partners. Airspan's Tokyo lab builds on the success of the UK lab and aims to enhance its testing infrastructure, leveraging ongoing deployments with mobile network operators in Japan. The company's innovative 5G technologies position it as a key player in the evolving telecommunications landscape.

Airspan Networks Holdings reported third quarter 2022 results with revenue of $41.1 million, down 12% sequentially but up 6% year-over-year. The gross margin remained stable at 39.8%, while the net loss increased to $23.3 million. Adjusted EBITDA improved to a loss of $10.0 million. Positive developments include strong bookings with a book-to-bill ratio over 1.5 and the acquisition of 87 new private 4G/5G networks, representing a 45% increase year-to-date. The company projects fourth quarter 2022 revenue between $49 million and $57 million.

Airspan Networks Holdings Inc. (NYSE American: MIMO) has announced the commercial launch of new 5G products targeting CBRS, private, and public networks. The new offerings include two outdoor products, AirSpeed 1900 and AirSpeed 2900, along with an indoor product, AirVelocity 1901. These solutions utilize a flexible All-In-One (AIO) software platform, supporting Open RAN architecture with a focus on cost reduction and deployment simplicity. Airspan aims to leverage its innovative technology to cater to a variety of network demands, further enhancing its position in the 5G market.

Airspan Network Holdings (MIMO) will report its third quarter 2022 results on November 9, 2022, after market close. The subsequent conference call is scheduled for November 10, 2022, at 8:30 AM EST. Investors can access the call via toll-free numbers or through the Airspan investor relations website. The company provides advanced software and hardware for 5G networks and aims to support mobile network operators with Open RAN solutions, having shipped over one million cells to customers across 100 countries.

Airspan Networks Holdings Inc. (NYSE American: MIMO) has secured two significant customer orders, each exceeding $10 million, for its Fixed Wireless Access (FWA) and 5G products. The first order involves the A6/B6x FWA platform, offering gigabit speeds and improving reliability, aimed at enhancing 5G network rollouts. The second order focuses on a Ruggedized Distributed Unit for an Open RAN network build in Asia. This demonstrates Airspan's innovation and leadership in 5G technology, allowing operators to deliver fiber-like performance at lower costs.

Airspan Networks Holdings Inc. (NYSE American: MIMO) reported its Q2 2022 financial results, indicating revenue of $46.9 million, a 25% increase from Q1 2022 and 12% year-over-year. Gross margin improved to 40.1% from 32.1% in Q1 2022, but down from 45.7% in Q2 2021. The net loss narrowed to $21.0 million from $29.7 million in the prior quarter. Adjusted EBITDA loss decreased to $12.3 million. Despite supply chain challenges, the company secured over 60 private 4G/5G networks and signed agreements with major cloud providers.