Airgain Stock Price, News & Analysis

Airgain (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has announced its upcoming Fourth Quarter and Full Year 2024 conference call scheduled for Thursday, February 27, 2025, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).

The company's management will present financial results for Q4 and the year ended December 31, 2024, followed by a question-and-answer session. Investors can join via phone using the dial-in numbers 877-407-2988 or 201-389-0923 (Confirmation #13751692), or through the Call Me feature.

The conference call will be simultaneously broadcast and available for replay through the investor section at investors.airgain.com. A webcast replay will remain accessible via the registration link until February 27, 2026, starting from 8:00 p.m. Eastern time on the day of the call.

Omantel and Airgain (NASDAQ: AIRG) have established a multi-year strategic partnership to enhance 5G connectivity across the Middle East and North Africa (MENA) region. The collaboration centers on Airgain's Lighthouse, a smart network repeater that amplifies and extends 5G signals in challenging coverage areas.

The partnership aims to address key challenges in 5G deployment, particularly in remote locations, large indoor spaces, and congested urban areas. The solution promises to deliver consistent, high-speed connectivity for both residential and business applications. Beyond traditional vendor-operator relationships, the collaboration includes joint research and development efforts to create MENA-specific solutions.

Omantel CEO Talal Al Mamari emphasized the partnership's role in advancing telecommunications innovation, while Airgain CEO Jacob Suen highlighted the focus on scalable and energy-efficient solutions to capitalize on 5G revenue opportunities.

Airgain (NASDAQ: AIRG) has released preliminary Q4 2024 financial results, projecting sales between $14.6 million and $15.6 million ($15.1 million at midpoint). The quarter was impacted by higher-than-expected channel excess inventories and two IoT project delays. Despite challenges, the company expects to report positive adjusted EBITDA for Q4 2024, driven by gross margin improvement and reduced operating expenses.

Cash and cash equivalents are estimated at $8.5 million as of December 31, 2024, up from $7.3 million in the previous quarter and $7.9 million year-over-year. The company announced a new carrier certification for its AirgainConnect Fleet platform and established a strategic partnership with Omantel for its Lighthouse solution, marking its first multi-year, multi-million-dollar Lighthouse contract. Complete financial results will be released after market close on February 27, 2025.

Airgain (NASDAQ: AIRG) has granted inducement awards to a new non-executive employee under its 2021 Employment Inducement Incentive Award Plan. The awards, approved on January 15, 2025, consist of 7,238 restricted stock units (RSUs). These RSUs will vest over a four-year period in equal annual installments on March 15 of 2026, 2027, 2028, and 2029, contingent upon the employee's continued employment with the company. The Compensation Committee of Airgain's Board of Directors approved these awards in compliance with Nasdaq Rule 5635(c)(4), serving as an inducement for the new hire to join the company.

Airgain reported Q3 2024 financial results with sales of $16.1 million, showing a 6.0% increase quarter-over-quarter and 17.6% year-over-year growth. The company achieved a GAAP gross margin of 41.7% and reported a GAAP net loss of $1.8 million or $(0.16) per share. Sales were distributed across consumer ($6.8M), enterprise ($6.7M), and automotive ($2.6M) markets. The company successfully launched its next-generation AirgainConnect® Fleet vehicle gateway and provided Q4 2024 guidance with expected sales between $16.2-18.2 million.

Airgain (NASDAQ: AIRG) has launched the AT-Flight asset tracker, targeting healthcare and life sciences IoT markets. The device features artificial intelligence for automatic flight detection and ambient sensor technology, designed for tracking high-value, temperature-sensitive assets during ground and air transportation. The AT-Flight operates in temperatures as low as -20°C and offers extended battery life compared to competitors. The product has received PTCRB, FCC, and DO-160 certifications, with airline approvals pending. Airgain has secured an initial purchase order from a healthcare solution provider, with volume shipments scheduled to begin in Q1 2025.

Airgain (NASDAQ: AIRG), a wireless connectivity solutions provider, has announced its participation in two financial conferences in November 2024. The company will attend the 15th Annual Craig-Hallum Alpha Select Conference on November 19 at the Sheraton New York Times Square Hotel and the 13th Annual ROTH Technology Conference on November 20 at the Hard Rock Hotel in New York. President and CEO Jacob Suen and CFO Michael Elbaz will be available for one-on-one and small group meetings at both events.

Airgain, Inc. (NASDAQ: AIRG), a provider of wireless connectivity solutions, has granted inducement awards to two new employees. The awards, made on October 16, 2024, under Airgain's 2021 Employment Inducement Incentive Award Plan, include 10,027 restricted stock units (RSUs) and 17,135 incentive stock options (ISOs).

The RSUs will vest over four years in equal annual installments, while the ISOs will vest over four years, with 25% vesting on the first anniversary of September 9, 2024, and the remaining shares vesting in 36 equal monthly installments. Both are subject to continued employment. The Compensation Committee of Airgain's Board of Directors approved these awards in compliance with Nasdaq Rule 5635(c)(4).

Airgain (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has announced its third quarter 2024 earnings call scheduled for Tuesday, November 12, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). The company will discuss financial results for the quarter ended September 30, 2024.

The conference call will be accessible via phone at (877) 407-2988 or (201) 389-0923, and will be broadcast live on the investor section of Airgain's website. A webcast replay will be available until November 12, 2025. This event provides an opportunity for investors and analysts to gain insights into Airgain's recent performance and future outlook.