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 reports company news around advanced wireless connectivity solutions for enterprise, automotive, and consumer markets. Announcements commonly include operating results, embedded antenna design wins, cellular modem deployments, 5G fixed wireless access programs, and platform updates for AirgainConnect and Lighthouse.
Company updates also cover partnerships for 4G and 5G coverage, customer selections such as NimbeLink cellular modems, completed product-line asset additions, and equity-compensation actions under its inducement award plan. The recurring themes center on wireless hardware, system-level connectivity, carrier and enterprise channels, and governance or capital-structure disclosures tied to its Nasdaq-listed common stock.
Airgain (NASDAQ: AIRG) has announced a partnership with Errigal, a software company specializing in network management. This collaboration aims to produce end-to-end solutions for wireless network monitoring. With Errigal's two decades of experience, the partnership will enhance Airgain's offerings by integrating operational automation with wireless products. Key features include system dashboards, geographic tracking, and performance metrics tracking. This initiative supports Airgain's mission to simplify wireless connectivity across various markets.
Airgain (NASDAQ: AIRG) has announced a branding refresh comprising three new sub-brands and a redesigned website aimed at enhancing wireless connectivity solutions. The Airgain Embedded brand focuses on embedded modems and antennas, while Airgain Integrated offers fully integrated products like asset trackers. The Airgain Antenna+ brand targets external antennas for diverse environments. The website revamp aims to simplify the customer journey and better showcase products, cementing Airgain's transition from component manufacturing to solution provision.
Airgain (NASDAQ: AIRG) has secured a significant contract with a leading EV charging station manufacturer to supply its NimbeLink® embedded modems, enhancing connectivity for a rapidly growing nationwide network.
The EV charging market is projected to expand nearly tenfold by 2030, fueled by customer demand, automaker investments, and government funding. A total of $7.5 billion from the Infrastructure Investment and Jobs Act is dedicated to EV charging infrastructure.
Airgain, Inc. (NASDAQ: AIRG) is set to participate in two financial conferences in November 2022. The first is the 11th Annual Roth Technology Event on November 16, followed by the 13th Annual Craig-Hallum Alpha Select Conference on November 17. Executives including President and CEO Jacob Suen and CFO Michael Elbaz will represent the company at both events. Airgain, headquartered in San Diego, is a provider of wireless connectivity solutions, focusing on enhancing wireless signals and simplifying connectivity.
Airgain, Inc. (Nasdaq: AIRG) reported third-quarter 2022 revenue of $19.2 million, marking a 24% year-over-year increase. Adjusted EBITDA for the quarter was $0.8 million, with a GAAP net loss of $1.3 million, or $0.13 per share. Sales from Consumer, Enterprise, and Automotive markets contributed significantly, with notable increases in Consumer and Automotive sales. The company also announced management changes, appointing Michael Elbaz as CFO and promoting Morad Sbahi to Chief Revenue Officer. Fourth-quarter sales are projected between $19.7 million and $21.1 million.
Airgain, Inc. (NASDAQ: AIRG), a global provider of wireless connectivity solutions, will hold a conference call on November 10, 2022, at 5:00 p.m. ET to discuss its financial results for Q3 2022, ending September 30, 2022. The call will include a presentation by management followed by a Q&A session. Interested parties can join by phone or access the live broadcast via the investor section of the company's website. A replay of the webcast will be available after the call.
Airgain (NASDAQ: AIRG) has granted inducement awards to Michael Elbaz, the newly appointed Chief Financial Officer. The inducement awards include options to purchase 86,978 shares, performance stock units (PSUs), and restricted stock units (RSUs). The options have a 10-year term with an exercise price of $7.11, vesting over four years. Mr. Elbaz also receives a one-time sign-on bonus of $220,000 in fully vested shares. These awards are compliant with Nasdaq regulations and serve to encourage Mr. Elbaz's long-term commitment to the company.
Airgain (NASDAQ: AIRG) has appointed Michael Elbaz as its new Chief Financial Officer (CFO). With over 25 years of experience in global finance and strategy, he aims to enhance Airgain's financial and operational leadership. Previously, Elbaz served as VP Finance at Cohu and AMN Healthcare. According to CEO Jacob Suen, his expertise is expected to drive the company's strategic objectives effectively. Elbaz holds degrees from California State University, Chico and San Diego State University.
Airgain, Inc. (NASDAQ: AIRG) has launched its new directional fixed wireless access (FWA) antennas, enhancing indoor and outdoor 5G connectivity. These operator-specific antennas aim to improve speed and connectivity, departing from the common omnidirectional designs. With over 20 years of experience, Airgain provides customized solutions supporting 4x4 MIMO and covering various bands. The FWA market is projected to grow fivefold by 2026, driven by user demand and government support, according to GlobalData.
Airgain, Inc. (NASDAQ: AIRG) announced the granting of inducement awards to three new non-executive employees on September 15, 2022. The awards include options to purchase a total of 3,000 shares and 1,000 restricted stock units (RSUs). The options have an exercise price of $8.23 and vest over four years. The RSUs will vest in equal installments starting November 15, 2023. These inducement awards were approved by the Compensation Committee per Nasdaq regulations, aimed at incentivizing new employees.