Welcome to our dedicated page for MIMO news (Ticker: MIMO), a resource for investors and traders seeking the latest updates and insights on MIMO stock.
This page provides a curated feed of news and press releases about Airspan Networks Holdings Inc., historically traded under the ticker MIMO on NYSE American. Airspan is a U.S.-based provider of software and hardware for 5G networks, with a strong focus on Open RAN, small cells, and advanced wireless connectivity across public and private network environments.
News related to MIMO often highlights technology deployments and strategic partnerships. Examples from recent announcements include Open RAN radio deployments for Rakuten Mobile’s cloud-native network in Japan, collaborations to enhance connectivity in wind turbines, and participation in smart city projects using outdoor small cells. Other coverage focuses on private network rollouts in major U.S. metropolitan areas, 5G mmWave fixed wireless access initiatives, and entry into the utilities market with end-to-end vRAN and core solutions.
Investors and industry observers can also find capital markets and restructuring updates in Airspan’s news flow. The company has reported on NYSE American listing compliance matters, the initiation of delisting proceedings, and a Restructuring Support Agreement involving Fortress Investment Group, including voluntary prepackaged Chapter 11 filings and plans to become a private company majority-owned by Fortress affiliates.
By following this MIMO news stream, readers can track developments in Airspan’s 5G product portfolio, Open RAN activities, private and utilities network projects, and key corporate events such as financing transactions and changes to its public listing status. Bookmark this page to review historical and ongoing news items that document how Airspan’s wireless technologies and corporate structure have evolved over time.
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Airspan Networks Holdings Inc. (NYSE American: MIMO) disclosed in its Annual Report on Form 10-K for the year ended December 31, 2022, that its audited financial statements contained a going concern emphasis of matter paragraph from its independent auditor. This notification is compliant with NYSE American Company Guide Section 610(b). The announcement does not alter the Company’s consolidated financial statements or the Annual Report. Airspan is focused on innovative software and hardware for 5G networks and has shipped over one million cells to customers across more than 100 countries.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported its financial results for the full year and fourth quarter ending December 31, 2022.
Fourth quarter revenue stood at $41.7 million, marking a 1% increase sequentially but a 17% decrease year-over-year. The gross margin improved to 46.1% from 39.8% in the previous quarter. Net loss narrowed to $11.3 million, down from $23.3 million in Q3 2022.
For the full year, revenues totaled $167.3 million, a 6% decline from 2021, with a net loss of $85.4 million, compared to $70.5 million in the previous year.
Airspan Networks Holdings Inc. (NYSE American: MIMO) reported unaudited revenue of
