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.
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Airgain, Inc. (NASDAQ: AIRG) will host a conference call on May 11, 2023, at 5:00 p.m. Eastern Time to discuss financial results for the first quarter ending March 31, 2023. The call will be followed by a question-and-answer session, allowing attendees to engage with management.
Participants can join the call by dialing (877) 407-2988 or +1 (201) 389-0923. The call will also be available via a live webcast, with replay options extending until May 11, 2024.
Airgain specializes in wireless connectivity solutions, offering products such as embedded components and integrated systems. The company's sub-brands include Airgain Embedded and Airgain Antenna+, targeting the enterprise, automotive, and consumer markets.
Airgain, Inc. (NASDAQ: AIRG) has secured a multi-year contract to provide its NimbeLink® asset tracking solution for monitoring railcars. This cellular-based technology enables asset tracking indoors and outdoors, minimizing wireless infrastructure costs. The rail transportation market, valued at over $110B in the US, continues to grow at 2.9% annually, necessitating reliable connectivity solutions. Airgain's asset trackers, which can last up to 14 years on a single battery, integrate sensors for comprehensive tracking data. This contract signifies Airgain's strong position in a growing rail industry, emphasizing the critical role of connectivity in improving operational efficiency.
Airgain, Inc. (AIRG) reported fourth quarter 2022 sales of $19.9 million, up 4% sequentially and 41% year-over-year, contributing to fiscal year sales of $75.9 million, an 18% increase from 2021. Significant growth was noted in the enterprise market, with Q4 sales driven by $10.0 million from enterprise, $3.4 million from automotive, and $6.5 million from consumer markets. The company incurred a GAAP net loss of $3.2 million in Q4, down from a loss of $1.3 million in Q3. Looking ahead, Q1 2023 sales are projected between $15.7 million and $17.3 million.
Airgain, Inc. (NASDAQ: AIRG) has launched its Lighthouse™ smart repeaters, aimed at enhancing 5G coverage and reducing operational costs for mobile network operators. These new products include low-power SOHO repeaters and high-power network repeaters, boasting advanced features such as carrier aggregation, low latency, and innovative smart antenna technology. Airgain plans to begin trials of these repeaters on major operator networks in Q2 2023. This initiative aligns with Airgain's ongoing commitment to deliver comprehensive 5G solutions, which include fixed wireless access and enterprise software management.