Airgain Stock Price, News & Analysis

Airgain, Inc. (NASDAQ: AIRG) has announced that its products will be offered through SYNNEX Corporation's General Services Administration (GSA) Multiple Awards Schedule (MAS) Contract. This partnership will enhance Airgain's visibility and accessibility within government markets. The AirgainConnect AC-HPUE is notably highlighted as the first antenna-modem of its kind available on GSA contract. This agreement aims to facilitate procurement for government organizations, increasing Airgain's potential customer base.

Airgain, Inc. (NASDAQ: AIRG) will host a conference call on May 6, 2021, at 5:00 p.m. ET to discuss its financial results for the first quarter ended March 31, 2021. The results will be announced prior to the call, which will include a presentation followed by a Q&A session. Interested participants must register for the call to receive details and a unique ID. A replay of the call will be available post-event until June 6, 2021. For more information, visit Airgain's website.

Airgain, Inc. (NASDAQ: AIRG) announced that its NimbeLink AT6 asset tracking device has won the 2021 Industrial IoT Product of the Year Award from IoT Evolution World. This accolade highlights the device's advanced features, including a ten-year battery life and an onboard Bluetooth gateway, designed for efficient supply chain management and monitoring remote assets. NimbeLink's AT6 enhances tracking capabilities with various sensors for motion, temperature, and tampering, emphasizing its suitability for logistics and reusable packaging applications.

Airgain, Inc. (NASDAQ: AIRG) has been selected by a leading enterprise networking equipment manufacturer to provide a 5G antenna solution for its new enterprise network platform. This innovative antenna system, optimized for large indoor deployments, features multi-Gigabit capabilities essential for high throughput and low-latency network services. Airgain anticipates further collaborations with the company, highlighting its commitment to the growing wireless SD-WAN market.

Airgain, Inc. (NASDAQ: AIRG) has launched the NimbeLink AT6 asset tracking device, designed for monitoring assets in transit and remote locations. It features a battery life of over 10 years, sensors for motion, temperature, and tampering, and supports GPS, cellular, and Wi-Fi triangulation for accurate location detection. The AT6 is strategically designed for various applications, including supply chain and logistics, and represents an expansion of Airgain’s portfolio of intelligent asset trackers. This device positions Airgain to capitalize on the growing asset tracking market.

Airgain, Inc. (NASDAQ: AIRG), a provider of advanced antenna technologies, will participate in the 33rd Annual Roth Conference from March 15-17, 2021. The conference will be held virtually, allowing Airgain management to engage in one-on-one meetings with institutional investors and analysts. Airgain is known for enabling high-performance wireless networking across various markets, including consumer, enterprise, and automotive sectors. For more information or to schedule a meeting, contact Airgain’s IR team.

Airgain, Inc. (NASDAQ: AIRG) reported fourth-quarter sales of $12.8 million, with a gross margin of 45.5%. Operating expenses for the quarter rose to $6.9 million, leading to a GAAP net loss of $1.1 million, or $(0.11) per share. Conversely, non-GAAP net income was $0.2 million, or $0.02 per share. Full-year sales declined by 12.9% to $48.5 million due to COVID-19 impacts. Looking ahead, Q1 2021 sales are expected between $16.5 million and $17.5 million, signaling a potential 52% year-over-year growth.

Airgain, Inc. (NASDAQ: AIRG) has elevated Vice President Morad Sbahi to Senior Vice President of Global Product and Marketing. This new role will have him oversee product management and marketing efforts, enhancing brand awareness and driving adoption of Airgain's technologies worldwide. Sbahi, who joined Airgain in 2013, played a key role in the acquisition of NimbeLink, a company specializing in edge-based cellular solutions. His promotion reflects confidence in his extensive experience in semiconductor and service provider sales, critical for advancing Airgain's innovative product line.

Airgain has granted inducement awards to 21 new non-executive employees following its acquisition of NimbeLink Corp. on January 7, 2021. These awards consist of options to purchase 125,000 shares of common stock at an exercise price of $24.22, with a 10-year term. The options vest over four years, starting with 25% on the first anniversary of the acquisition closing. This move aims to attract talent, aligning with Nasdaq Rule 5635(c)(4), and indicates Airgain's commitment to expanding its workforce in the wake of the acquisition.