Airgain Stock Price, News & Analysis

Airgain (NASDAQ: AIRG), a global leader in wireless connectivity solutions, is set to present at the 2024 Annual Gateway Conference on September 5th at 10 a.m. PT in San Francisco. CEO Jacob Suen and CFO Michael Elbaz will lead the presentation, which will be webcast live and available for replay. The event offers Airgain's management team the opportunity to engage in one-on-one meetings with investors and analysts, showcasing the company's latest developments in embedded components, external antennas, and integrated systems.

This presentation at a prominent investor conference highlights Airgain's commitment to shareholder communication and market visibility. Interested parties can request invitations or schedule meetings via email, indicating the company's openness to investor engagement and transparency in its operations.

Airgain (NASDAQ: AIRG) reported Q2 2024 financial results with sales of $15.2 million, a 7% increase from Q1 2024. The company saw growth in embedded antennas for MNO and MSO customers, including the first Wi-Fi 7 router antenna systems delivery. Key financial highlights include:

- GAAP gross margin: 40.5%
- GAAP net loss: $2.5 million or $(0.23) per share
- Non-GAAP gross margin: 41.5%
- Non-GAAP net loss: $0.6 million or $(0.05) per share
- Adjusted EBITDA: $(0.4) million

Airgain launched its Fixed Wireless Access (FWA) Lantern product and is focusing on the AirgainConnect Fleet launch and Lighthouse customer trials. The company expects Q3 2024 sales between $15.25 million and $16.75 million.

Airgain (NASDAQ: AIRG), a wireless connectivity solutions provider, has announced a strategic partnership with Waseela, a master systems integrator in the Middle East. This collaboration aims to expand Airgain's presence in the rapidly growing Middle Eastern market, integrating their advanced wireless technologies into Waseela's radio coverage solutions. The partnership will focus on enhancing 5G coverage and user experiences for mobile network operators in the region.

Key technologies being deployed include Lighthouse Smart Repeaters for maximizing 5G coverage, Lantern Fixed Wireless Access for robust connectivity, AirgainConnect Fleet for vehicle connectivity, Asset Tracking devices, and IoT solutions. This expansion aligns with the Middle East's technological advancements and significant market growth, positioning Airgain to lead the innovation wave in the region's wireless connectivity sector.

Airgain (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has scheduled its second quarter 2024 earnings call for Tuesday, August 6, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). The company will discuss financial results for the quarter ended June 30, 2024. Management will host the presentation followed by a Q&A session.

Investors can access the call via phone at (877) 407-2988 or (201) 389-0923. The conference will also be broadcast live and available for replay through the investor section of Airgain's website. A webcast replay will be accessible until August 6, 2025.

Airgain (NASDAQ: AIRG) has entered into a strategic Memorandum of Understanding (MOU) with Compal Electronics (TAIEX: 2324), a global leader in smart device manufacturing, to commercialize Airgain's 5G Smart Fixed Wireless Access (FWA) technology, Smart Lantern™. The MOU aims to enable mass production of this technology, promising to enhance 5G customer experience and reduce installation costs for operators. Preliminary tests show over 25% improvement in performance and range compared to traditional FWA equipment. This partnership aligns with a projected $67 billion FWA market by 2028, growing at a 16% CAGR.

Airgain has secured its first purchase order from a tier one multi-service operator (MSO) in North America for its Wi-Fi 7 antenna solution. The deal is valued at several million dollars over multiple years, with the first shipment expected in the third quarter of 2024. Airgain’s Wi-Fi 7 design enhances wireless capacity, performance, and speed, offering significant benefits to consumers and generating new revenue opportunities for MSOs.

Airgain, Inc. (NASDAQ: AIRG) will be virtually presenting at the 19th Annual Needham Virtual Technology, Media & Consumer Conference on May 16, 2024. The presentation will be webcast and Airgain management is scheduled to present at 1:30 p.m. ET. Interested parties can schedule one-on-one meetings with Airgain management through Gateway Group.

Airgain, Inc. (NASDAQ: AIRG) reported strong sequential revenue growth in the first quarter of 2024, reaching $14.2 million in sales. The enterprise market drove this growth, with a focus on 5G connectivity initiatives. Gross margin increased to 39.2%, and the company saw a net loss of $2.5 million or $(0.23) per share. Despite a decrease in sales year-over-year, Airgain remains optimistic for the future.

Digi International, a global IoT connectivity provider, won a patent infringement case against NimbeLink , a subsidiary of Airgain Inc. The U.S. District Court invalidated all patent claims against Digi related to NimbeLink's Skywire cellular modems. This ruling follows a previous dismissal of NimbeLink's contract claims. Digi's President, Ron Konezny, expressed satisfaction with the Court's decision.