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, 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.
Airgain, Inc. (NASDAQ: AIRG) will host a conference call on February 18, 2021, at 5:00 p.m. ET to discuss its fourth-quarter and full-year financial results for 2020. The financial results will be released prior to the call. Management will present the results and answer questions from participants. The call will be accessible via registration, and a replay will be available post-call until March 18, 2021. Airgain specializes in advanced antenna technologies across various markets, including consumer and automotive sectors.
Airgain (NASDAQ: AIRG) announced the national launch of its AirgainConnect AC-HPUE, the first antenna-modem for FirstNet, designed for public safety agencies. This integrated solution enhances wireless connectivity by maximizing coverage and throughput, complying with 3GPP and FCC standards. Successful field trials demonstrated significant improvements in signal coverage. Strategic partner GetWireless expressed enthusiasm over market demand and has placed stocking orders. AirgainConnect is manufactured in the USA, ensuring quality and quick delivery.
Airgain, a provider of advanced antenna technologies, announced the launch of its MULTIMAX Next 6-in-1 and 5-in-1 antennas designed for fleet vehicles. These antennas support advanced 5G and Wi-Fi 6E performance with a compact design that ensures durability against various hazards. They offer dual MIMO LTE and 5G applications, and are tailored for public safety organizations needing reliable connectivity. The antennas will be showcased at CES 2021, highlighting Airgain's innovation in wireless networking solutions.
Airgain, Inc. (NASDAQ: AIRG) reported preliminary sales of $12.8 million for Q4 2020 and $48.5 million for the full year. CEO Jacob Suen expressed satisfaction with results exceeding guidance despite challenges. The company is optimistic about its AirgainConnect® product platform, expecting it to drive significant growth in 2021. The results are preliminary and subject to change pending audit completion. Full financial results will be reported in February 2021.
Airgain, Inc. (NASDAQ: AIRG) has acquired NimbeLink Corp., a leader in cellular Industrial IoT solutions, for approximately $15 million in cash, with potential additional payments of up to $8 million based on future revenue targets. This acquisition aims to enhance Airgain's capabilities in the multi-billion-dollar Industrial IoT and M2M markets, leveraging NimbeLink's modem and asset tracking technologies. NimbeLink expects to report $12.5 million in revenue for FY 2020. The acquisition is projected to be accretive to Airgain's earnings per share in Q1 2021, supporting long-term revenue growth.
Airgain, a leading provider of advanced antenna technologies, has been invited to present at the 23rd Annual Needham Growth Conference from January 11-15, 2021. Management is scheduled to present on January 13, 2021, at 12:30 p.m. Eastern time, with one-on-one meetings on the same day. The presentation will be webcast live, with a replay available here. For more details or to schedule meetings, contact Gateway Investor Relations.