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Airgain, Inc. reported first quarter 2026 sales of $11.5 million, down from $12.0 million a year ago, as seasonal weakness in consumer products offset growth elsewhere. Revenue came from the consumer market at $5.6 million, enterprise at $5.0 million, and automotive at $0.9 million.
GAAP gross margin was 43.2%, with a GAAP net loss of $1.9 million or $(0.15) per share. On a non-GAAP basis, gross margin was 44.2%, and net loss was $1.0 million or $(0.08) per share, while Adjusted EBITDA was $(0.9) million, improved from a $(1.2) million loss a year earlier.
The company highlighted a multi-year 5G home connectivity design win with a Tier 1 North American mobile network operator, a $4 million IoT order, and a robotics design win. Airgain also acquired a high-power user equipment (HPUE) product line from Nextivity and formed a strategic 4G/5G coverage partnership.
For the second quarter of 2026, Airgain expects sales between $12.5 million and $14.5 million, GAAP gross margin of 41.6%–44.6%, GAAP operating expenses around $6.6 million, GAAP net loss per share of $(0.07) at the midpoint, and non-GAAP net income per share of $0.01 with Adjusted EBITDA of $0.2 million at the midpoint.
Airgain Inc. President and CEO Jacob Suen reported an open-market sale of 1,000 shares of common stock at $7.03 per share. After this transaction, he directly holds 281,431 shares, including Restricted Stock Units. The sale was made under a Rule 10b5-1 trading plan established on March 12, 2025.
Airgain, Inc. is soliciting proxies for its 2026 virtual annual meeting on June 10, 2026, where stockholders will elect two Class I directors, ratify Grant Thornton LLP as auditor, cast an advisory say-on-pay vote, and vote on an amended and restated 2016 Incentive Award Plan adding 1,600,000 shares to the equity pool.
The board remains classified into three staggered classes and is largely independent, with James K. Sims serving as non-employee Chair. Directors receive cash retainers and annual option and RSU grants, with 2025 non-employee director pay ranging from roughly $102,000 to $166,000. For 2025, Grant Thornton billed audit and related services totaling $871,000.
AIRGAIN INC former CTO Ali Sadri sold 1000 shares of Common Stock in an open-market transaction. The sale on April 17, 2026 was executed at $6.2100 per share pursuant to a Rule 10b5-1 trading plan established on August 13, 2025. After the sale, he directly held 124263 shares, which include Restricted Stock Units.
Airgain, Inc. terminated the employment of Chief Technology Officer Ali Sadri, Ph.D., effective April 17, 2026, and eliminated the Office of the CTO. Certain resources are being reassigned to the product development team to support planned accelerated commercialization of the company’s growth platforms.
Under his severance agreement, Dr. Sadri is eligible for a lump-sum cash payment of $325,000, representing 12 months of base salary, plus $57,164 as a prorated 2026 target bonus. He will also receive 12 months of company-paid COBRA health coverage and vesting of equity awards that would have vested in the 12 months following his termination.
AIRG affiliate filed a Form 144 proposing the sale of 1,000 shares of Common Stock. The filing lists the securities as resulting from Restricted Stock Vesting on 03/15/2025 with a 1,000-share amount noted. The filing also records recent dispositions by Ali S. Sadri: 2,119 shares on 02/09/2026, 881 shares on 02/10/2026, 1,000 shares on 02/17/2026, and 1,000 shares on 03/23/2026, with the dollar amounts shown alongside each trade in the excerpt.
Airgain Inc. President and CEO Jacob Suen reported an open-market sale of 1,000 shares of common stock at $5.51 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan established on March 12, 2025. After the sale, he directly holds 282,431 shares, which includes Restricted Stock Units.
AIRG affiliate filed a Form 144 to sell restricted common stock and reported multiple planned and completed sales under a Rule 10b5-1 plan. The notice lists 3,000 Restricted Stock Units and several 10b5-1 sales: e.g., 15,993 shares on 01/20/2026 and 37,314 shares on 03/20/2026. The filing itemizes proposed and recent dispositions and contact details for the selling broker.
Airgain Inc.'s Chief Financial Officer Michael Elbaz reported an automatic sale of 12,769 shares of common stock at a weighted average price of $4.1192 per share. The shares were sold to cover tax withholding obligations triggered by the vesting and settlement of restricted stock units.
The transaction was executed as a pre-arranged "sell to cover" block trade under an instruction letter intended to satisfy the affirmative defense conditions of Rule 10b5-1, meaning it was not a discretionary trade. After this sale, Elbaz directly holds 140,780 shares, which include RSUs.