Quote data as of 6:12 AM ET
Airgain, Inc. is dedicated to designing, developing, and engineering advanced antenna solutions. These products are supplied globally to a wide array of partners, including original equipment and design manufacturers, specialized vertical markets, chipset vendors, service providers, value-added resellers, and software developers. The company's extensive product portfolio features a variety of embedded antenna lines, such as the MaxBeam, Profile, Profile Contour, Ultra, and SmartMax series, in addition to MaxBeam carrier class antennas. Furthermore, under the "Antenna Plus" brand, Airgain offers specialized antennas tailored for automotive, fleet management, public safety, and machine-to-machine (M2M) applications. Central to their offerings are embedded antenna technologies, which are crucial for enabling high-performance wireless networking across diverse devices and key sectors like consumer electronics, enterprise solutions, and the automotive industry. Established in 1995 as the AM Group, the company officially adopted the name Airgain, Inc. in 2004. Its corporate headquarters are located in San Diego, California.
Airgain reported Q1 revenue of $11.5 million, down 4.2% year-over-year, with a GAAP net loss of $1.9 million or $0.15 per share.
Operational highlights included a multi-year design win with a Tier 1 North American MNO for a 5G home platform, a $4 million IoT order, and a strategic partnership with Nextivity to expand 4G/5G coverage solutions.
Looking ahead, the company guided Q2 revenue to $13.5 million at the midpoint, representing sequential growth, and expects to return to non-GAAP profitability with EPS of $0.01.