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) will participate in a webinar discussing the performance of its AirgainConnect technology for first responders. Scheduled for May 5, 2021, at 2:00 p.m. EDT, the event will feature industry leaders sharing groundbreaking test results from urban, suburban, and rural drive tests. Attendees will learn how AirgainConnect enhances connectivity and data rates, crucial for devices like vehicle routers and IoT devices. The panel includes experts from Andrew Seybold, Omdia, and Airgain, moderated by IWCE’s Urgent Communications.
Airgain (NASDAQ: AIRG) has appointed Dr. Ali Sadri as Senior Vice President of Engineering. With over 25 years of experience, including a notable tenure at Intel, Dr. Sadri will lead the development of solutions to enhance Airgain's initiatives in wireless connectivity, particularly in mmWave technologies and 5G advancements. His expertise is expected to support Airgain's growth in the wireless communication sector. CEO Jacob Suen expressed confidence in Dr. Sadri's ability to elevate the company's technological vision and innovation.
Airgain, Inc. (NASDAQ: AIRG) will participate in a webinar on May 5, 2021, at 2:00 p.m. EDT, highlighting the effectiveness of AirgainConnect in enhancing connectivity for first responders. The virtual panel, moderated by IWCE’s Urgent Communications, features industry leaders discussing groundbreaking test results showcasing AirgainConnect's ability to extend coverage, improve building penetration, and optimize data rates. Attendees will gain insights into the uplink signal's importance for devices like vehicle routers and IoT. Results reveal AirgainConnect significantly increases data speeds in various environments.
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.