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Airspan Networks Holdings Inc - MIMO STOCK NEWS

Welcome to our dedicated news page for Airspan Networks Holdings (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on Airspan Networks Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Airspan Networks Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Airspan Networks Holdings's position in the market.

News
Airspan Announces Delisting From NYSE American
Rhea-AI Summary
Airspan Networks Holdings Inc. (NYSE American: MIMO) faces delisting from NYSE American as per notification from NYSE Regulation. Trading suspended from April 1, 2024, with no intention to appeal the decision.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37%
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News
Airspan to Receive Up to $95 Million in New Equity Financing and Eliminate All Existing Funded Debt
Rhea-AI Summary
Airspan Networks Holdings Inc. (NYSE American: MIMO) has entered into a Restructuring Support Agreement with Fortress Investment Group and key stakeholders to strengthen its financial foundation. The agreement includes up to $95 million of new equity financing and the elimination of all existing funded debt, positioning Airspan for long-term success in the 5G networks and Open RAN markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
NextWave and Airspan Unveil the Next Phase of Revolutionary Private Network Expansion in Major U.S. Cities
Rhea-AI Summary
Airspan Networks Holdings Inc. and NextWave are expanding their private network rollout across the United States, utilizing NextWave's valuable 2.5 GHz Band 41 spectrum. The project aims to provide wide-area coverage with tailored flexibility and security, targeting essential services like transportation and public safety. The collaboration between the two companies sets new standards for private networks, emphasizing innovation and service quality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
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none
News
Airspan Revolutionizes Utilities Market with Groundbreaking End-to-End Solution
Rhea-AI Summary
Airspan Networks Holdings Inc. announces a strategic entry into the Utilities market with a pioneering end-to-end solution, forming a partnership with GCT Semiconductor, Inc. to develop a state-of-the-art RF module and joining the 450MHz Alliance to enhance communication networks. The comprehensive solution aims to empower utilities companies to optimize their operations and meet the evolving demands of their customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
185.71%
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none
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News
Airspan Networks Holdings Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
Airspan Networks Holdings Inc. (NYSE American: MIMO) announced its third-quarter results, including a gain on the sale of Mimosa Networks Inc to Radisys Corporation, providing $10.5 million in cash and reducing indebtedness by $40.0 million. Revenue decreased to $14.3 million from $32.1 million sequentially and $41.1 million year-over-year. Gross margin improved to 36.7% from 21.0% in the previous quarter. Total operating expenses decreased to $16.1 million from $27.5 million in the second quarter. Net income was $9.9 million, including a $28.6 million gain on sale of the Mimosa subsidiary.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
earnings
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News
Airspan Partners With Prospecta Utilities to Deliver 5G mmWave FWA Across Australia
Rhea-AI Summary
Airspan Networks Holdings Inc. announces a collaboration with Prospecta Utilities to deploy a 5G mmWave Fixed Wireless Access Network across Australia. The partnership aims to revolutionize telco infrastructure, improve lifestyle, and reduce fixed fees. Airspan's mmWave AIO Outdoor Small Cell will be used for this project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
partnership
News
Airspan Networks Holdings Inc. Announces NYSE Approval of Compliance Plan
Rhea-AI Summary
Airspan Networks Holdings Inc. received an extension until December 9, 2024 to comply with NYSE American's listing standards. The company must effect a reverse stock split or demonstrate sustained price improvement by January 10, 2024 to maintain listing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Radisys Acquires Mimosa to Accelerate Availability of Broadband Access for Advancing Societies
Rhea-AI Summary
Radisys Corporation, a global leader of open telecom solutions, has completed the acquisition of Mimosa Networks, Inc. from Airspan Networks Holdings Inc. Mimosa brings a diverse portfolio of connectivity products that enable the rapid rollout of multi-gigabit-per-second Fixed Wireless Access networks and wireless backhaul connectivity. The Mimosa product suite complements Radisys' Open Access portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
83.12%
Tags
acquisition
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News
Airspan Networks Holdings Inc. Announces Closing of Mimosa Sale to Reliance Jio and Financing Transactions
Rhea-AI Summary
Airspan Networks Holdings Inc. completes sale of Mimosa Networks Inc. to Radisys Corporation for $60 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
83.12%
Tags
none
News
Airspan Networks Holdings Inc. Reports Second Quarter 2023 Results
Rhea-AI Summary
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported second quarter financial results, with revenue of $32.1 million, a gross margin of 21.0%, and a net loss of $33.6 million. Adjusted gross margin was 43.4% and adjusted net loss would have been $23.4 million. Adjusted EBITDA was a loss of $15.2 million. Loss per share was 45 cents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.1%
Tags
earnings
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Airspan Networks Holdings Inc

NYSE:MIMO

MIMO Rankings

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MIMO Stock Data

8.43M
28.51M
22.97%
41.58%
0.11%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States
Boca Raton

About MIMO

airspan is a leading vendor of lte small cells and small cell backhaul technologies. established originally in 1992 as a product division of dsc communications, airspan became a standalone company in 1997 and today has more than 1000 customers in over 100 countries around the world. airspan has a complete range of lte and 4g base stations and complementary small cell backhaul solutions using both lte relay and proprietary technologies. airspan also addresses non mobile carrier and private network deployment including the needs of fixed internet service providers, and a number of vertical market segments including smart grids, public safety, transportation and oil & gas. airspan has been at the forefront of breakthrough ran solutions and technologies and has deep in-house expertise in lte and lte advanced, ofdma, wi-fi and voip, airspan is able to exploit synergies and come up with innovative products and solutions that closely integrate these technologies in the most beneficial ways fo