Airgain Stock Price, News & Analysis

Airgain, Inc. (NASDAQ: AIRG) unveiled its new outdoor 5G fixed wireless access (FWA) reference design, which adheres to 5G-NR 3GPP REL-16 standards. This product features a patent-pending installation kit, optimizing user experience without professional help. The 5G FWA market is projected to surpass USD $23 billion by 2025. This release bolsters Airgain's leadership in FWA technologies, offering embedded antennas, standalone antennas, and an integrated design for rapid market entry. The prototype will be showcased at CES in Las Vegas from January 5-8.

Airgain (NASDAQ: AIRG) has announced a partnership with Errigal, a software company specializing in network management. This collaboration aims to produce end-to-end solutions for wireless network monitoring. With Errigal's two decades of experience, the partnership will enhance Airgain's offerings by integrating operational automation with wireless products. Key features include system dashboards, geographic tracking, and performance metrics tracking. This initiative supports Airgain's mission to simplify wireless connectivity across various markets.

Airgain (NASDAQ: AIRG) has announced a branding refresh comprising three new sub-brands and a redesigned website aimed at enhancing wireless connectivity solutions. The Airgain Embedded brand focuses on embedded modems and antennas, while Airgain Integrated offers fully integrated products like asset trackers. The Airgain Antenna+ brand targets external antennas for diverse environments. The website revamp aims to simplify the customer journey and better showcase products, cementing Airgain's transition from component manufacturing to solution provision.

Airgain (NASDAQ: AIRG) has secured a significant contract with a leading EV charging station manufacturer to supply its NimbeLink® embedded modems, enhancing connectivity for a rapidly growing nationwide network.

The EV charging market is projected to expand nearly tenfold by 2030, fueled by customer demand, automaker investments, and government funding. A total of $7.5 billion from the Infrastructure Investment and Jobs Act is dedicated to EV charging infrastructure.

Airgain, Inc. (NASDAQ: AIRG) is set to participate in two financial conferences in November 2022. The first is the 11th Annual Roth Technology Event on November 16, followed by the 13th Annual Craig-Hallum Alpha Select Conference on November 17. Executives including President and CEO Jacob Suen and CFO Michael Elbaz will represent the company at both events. Airgain, headquartered in San Diego, is a provider of wireless connectivity solutions, focusing on enhancing wireless signals and simplifying connectivity.

Airgain, Inc. (Nasdaq: AIRG) reported third-quarter 2022 revenue of $19.2 million, marking a 24% year-over-year increase. Adjusted EBITDA for the quarter was $0.8 million, with a GAAP net loss of $1.3 million, or $0.13 per share. Sales from Consumer, Enterprise, and Automotive markets contributed significantly, with notable increases in Consumer and Automotive sales. The company also announced management changes, appointing Michael Elbaz as CFO and promoting Morad Sbahi to Chief Revenue Officer. Fourth-quarter sales are projected between $19.7 million and $21.1 million.

Airgain, Inc. (NASDAQ: AIRG), a global provider of wireless connectivity solutions, will hold a conference call on November 10, 2022, at 5:00 p.m. ET to discuss its financial results for Q3 2022, ending September 30, 2022. The call will include a presentation by management followed by a Q&A session. Interested parties can join by phone or access the live broadcast via the investor section of the company's website. A replay of the webcast will be available after the call.

Airgain (NASDAQ: AIRG) has granted inducement awards to Michael Elbaz, the newly appointed Chief Financial Officer. The inducement awards include options to purchase 86,978 shares, performance stock units (PSUs), and restricted stock units (RSUs). The options have a 10-year term with an exercise price of $7.11, vesting over four years. Mr. Elbaz also receives a one-time sign-on bonus of $220,000 in fully vested shares. These awards are compliant with Nasdaq regulations and serve to encourage Mr. Elbaz's long-term commitment to the company.

Airgain (NASDAQ: AIRG) has appointed Michael Elbaz as its new Chief Financial Officer (CFO). With over 25 years of experience in global finance and strategy, he aims to enhance Airgain's financial and operational leadership. Previously, Elbaz served as VP Finance at Cohu and AMN Healthcare. According to CEO Jacob Suen, his expertise is expected to drive the company's strategic objectives effectively. Elbaz holds degrees from California State University, Chico and San Diego State University.