Airgain Stock Price, News & Analysis

Airgain, Inc. (Nasdaq: AIRG) reported first quarter 2022 financial results with sales of $17.5 million, a 23.9% increase from the previous quarter. The GAAP gross margin improved to 40.8%, while the net loss decreased to $2.5 million or $(0.25) per share. Specifically, Consumer sales rose by $3.6 million, but Automotive sales fell by $0.7 million. For the second quarter, the company expects sales between $18.5 million and $20.0 million with a gross margin of 38.0% to 42.0%. The conference call is scheduled for May 10, 2022.

Airgain (NASDAQ: AIRG) has partnered with Mobix Labs to develop innovative 5G technology solutions focusing on mmWave and C-band applications. This collaboration aims to create cost-effective products to enhance 5G coverage and connectivity. The joint efforts will leverage Airgain's wireless technology and Mobix's expertise in system-on-chip design, targeting various sectors including consumer electronics, automotive, and military applications. Both companies anticipate new growth opportunities through this strategic partnership.

Airgain, Inc. (NASDAQ: AIRG) will hold a conference call on May 10, 2022, at 5:00 p.m. Eastern Time to discuss its financial results for Q1 2022, ending March 31, 2022. The call will be accessible via dial-in and will feature a Q&A session. Participants can register through the provided link for call details and a unique ID. A replay will be available post-call until May 10, 2023. Airgain specializes in advanced wireless connectivity technologies across various markets, including consumer, enterprise, and automotive.

Airgain, Inc. (NASDAQ: AIRG) announced on April 15, 2022 that it has granted inducement awards to nine new non-executive employees under its 2021 Employment Inducement Incentive Award Plan.

The awards consist of options for 17,500 shares and 3,300 restricted stock units (RSUs). The options have a ten-year term with an exercise price of $8.32, vesting over four years. The RSUs vest in equal installments from May 15, 2023 to 2026. The awards were approved by the Compensation Committee as required by Nasdaq rules.

Airgain, Inc. (NASDAQ: AIRG) announced a significant multimillion-dollar contract with a major U.S. water utility company to deploy its AirgainConnect® AC-HPUE™ technology across a fleet of over 3,000 vehicles. This advanced connectivity solution promises up to 10 times the power and 4 times the coverage area compared to traditional antennas, aiming to enhance communication in remote environments. The deployment is set to be completed by the end of the year, addressing long-standing connectivity challenges faced by the utility.

Airgain, Inc. (NASDAQ: AIRG), a top provider of wireless connectivity technologies, will attend the 34th Annual Roth Conference from March 13-15, 2022, at The Ritz Carlton, Laguna Niguel, CA. CEO Jacob Suen will hold one-on-one meetings with investors on March 14, 2022. Interested parties can schedule meetings by contacting Gateway Group at AIRG@gatewayir.com. Founded in San Diego, Airgain specializes in optimizing integrated wireless solutions for various markets.

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.