SAN DIEGO--(BUSINESS WIRE)--Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, today announced that it has granted inducement awards to new employees who recently joined the Company. The awards were granted on February 15, 2026, under Airgain's 2021 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Airgain as an inducement to join the company. The inducement awards to the new employees cons. ...

Core Viewpoint - Airgain, Inc. has secured a design win for a next-generation Wi-Fi 7 fiber broadband gateway, indicating strong growth potential in the wireless connectivity market [1] Company Summary - Airgain, Inc. is a leading provider of wireless connectivity solutions [1] - The company has partnered with a major global CPE manufacturer for the development of the new platform [1] Product and Market Summary - The new Wi-Fi 7 fiber broadband gateway is being developed for a significant North American broadband operator [1] - The commercial launch of the new platform is targeted for the second half of 2026 [1] - Expected shipments are projected to exceed 5 million units within five years, positioning Airgain for meaningful market impact [1]

Airgain (AIRG) 2025 Conference Summary Company Overview - Airgain is a leading provider of advanced wireless connectivity solutions, headquartered in San Diego, California, with global sales and design centers in multiple locations including Arizona, Minnesota, China, Taiwan, and the UK [1][2] - The company has over 285 patents and applications, emphasizing its innovation capabilities [2] Financial Performance - For the first half of 2025, Airgain reported revenues of approximately $26 million, with a full-year consensus estimate of $55 million [2] - The market value of Airgain is around $50 million, with an enterprise value of about $43 million, supported by $7 million in cash and no debt [2] Strategic Focus and Market Opportunity - Airgain is transitioning from a components provider to a wireless system solution provider, expanding its Serviceable Available Market (SAM) from $1.1 billion in 2024 to $2.2 billion in 2025 [4] - The company is focusing on expanding customer trials and certification waves, targeting a revenue shipment ramp in 2026 [5] Product Development and Growth Platforms - The consumer business, particularly embedded antennas, is expected to grow in double digits due to technology refreshes from cable operators and partnerships with Tier 1 mobile network operators [6] - Embedded modems are also experiencing growth, driven by utility infrastructure monitoring applications [6] - AirgainConnect platform is an all-in-one 5G modem, router, and antenna designed to simplify wireless connectivity, featuring eSIM capabilities and reduced installation time [20][21] Lighthouse Smart Network Repeater - The Lighthouse solution addresses coverage gaps created by high-frequency 5G signals, offering a fast and easy installation process compared to traditional cell towers [28][30] - It leverages existing infrastructure to provide 5G coverage without the need for extensive construction or zoning approvals, resulting in a significantly lower total cost of ownership [29][31] Financial Guidance and Profitability - Airgain expects to achieve EBITDA breakeven or positive results in the upcoming quarter, with a gross margin improvement from 38% to 44% [33] - The company is managing operating expenses carefully to align with new working solutions and improve SG&A expense efficiencies [34] Leadership and Innovation - The leadership team, including CEO Jacob Suen and CTO Dr. Ali Sadri, brings extensive experience in technology and product development, focusing on innovation as a key differentiator [10][11][34] - Airgain's operational model is designed to be resilient in challenging times while providing upside potential during favorable market conditions [35] Conclusion - Airgain is positioned for growth through its innovative product offerings and strategic market expansions, addressing real pain points in wireless connectivity and aiming for sustainable long-term revenue growth [35]

Core Points - Airgain, Inc. will participate in the 2025 Gateway Conference on September 3-4 in San Francisco, CA [1] - The presentation will be led by President and CEO Jacob Suen and CFO Michael Elbaz on September 4 at 10:30 a.m. PT, with a live webcast available [2] - Management will discuss the execution of its growth strategy, including key milestones such as FirstNet Trusted certification for AC-Fleet and the launch of the Go-Kit Pro mobile connectivity solution [3] Company Overview - Airgain, Inc. is headquartered in San Diego, California, and is a leading provider of advanced wireless connectivity solutions [5] - The company focuses on delivering high-performance, cost-effective, and energy-efficient wireless solutions across three primary markets: enterprise, automotive, and consumer [5]

Financial Data and Key Metrics Changes - Q1 sales were $12 million, aligning with the midpoint of guidance [13] - Gross margin improved to 44.3%, marking the fifth consecutive quarterly increase [14] - Operating expenses totaled $6.6 million, remaining flat year-over-year [15] - Non-GAAP EPS was negative $0.11, with adjusted EBITDA at negative $1.2 million [16] Business Line Data and Key Metrics Changes - Consumer sales reached $6.4 million, down $100,000 sequentially [14] - Automotive sales were $1.3 million, down $2 million sequentially [14] - Enterprise sales totaled $4.3 million, down $1 million sequentially, marking a low point for the year [14] Market Data and Key Metrics Changes - The addressable market expanded from $1.1 billion in 2024 to $2.6 billion in 2025 due to the shift to higher-margin solutions [5] - The company is closely monitoring broadband and enterprise markets for demand disruptions [4] Company Strategy and Development Direction - The company is transitioning from low ASP component supplier to high-value wireless solutions provider [5] - Focus on scaling Lighthouse and AirgainConnect platforms and deepening presence in key global markets [3] - Strategic partnership with Ormatia to support deployments in the Middle East [8] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the enterprise market's recovery and expects sequential revenue growth in Q2 [17] - The company is prepared to adapt to the fluid tariff environment without significant impact on product costs [4] - Management is focused on executing strategy while targeting positive adjusted EBITDA in Q3 [18] Other Important Information - The company plans to file an updated S3 shelf registration to maintain financial flexibility [19] - The leadership team is experienced and focused on driving operational performance and long-term value creation [12] Q&A Session Summary Question: AirgainConnect customer traction and design wins - Management is optimistic about design wins in the coming months, with a focus on Tier one customers contributing in the second half of the year [26] Question: IoT business rebound expectations - Management noted key customers have resumed shipments, indicating a positive trend in the IoT business [27] Question: Lighthouse pilots and commercialization - The company is on track for trials in multiple regions, including the Middle East and Latin America, with expectations for ramp-up in Q3 [37] Question: Tariff implications and competitive strategy - Management indicated no significant changes in customer buying patterns due to tariffs, leveraging a fabless model to mitigate impacts [42][46] Question: Consumer market growth and WiFi developments - Management expects moderate growth in the consumer segment following a strong Q1, with additional MSOs launching WiFi 7 [49] Question: Lighthouse revenue expectations - Management anticipates low seven-figure contributions from the partnership with Ormatia for the remainder of the year [55]

Financial Data and Key Metrics Changes - The first quarter revenue was $88.7 million, a slight increase of 0.2% from $88.5 million in Q1 2024 [16] - Non-GAAP gross profit was $29.7 million, down 8.6% from $32.5 million in Q1 2024, with a non-GAAP gross margin of 33.5% compared to 36.7% in the prior year [16][20] - Non-GAAP net income for Q1 2025 was $2.6 million or $0.03 per diluted share, down from $4.7 million or $0.05 per diluted share in Q1 2024 [20] Business Line Data and Key Metrics Changes - Revenue from India was $42.9 million, an increase of 65% year over year, with bookings at the highest level since Q1 2024 [9][10] - North America revenue was $17.6 million, rebounding from $13.4 million in Q4 2024, with contributions from E2E Technologies included [10][16] - Managed services are a strategic priority, with strong interest observed at Mobile World Congress, indicating a shift towards software-driven services [8] Market Data and Key Metrics Changes - The company noted strong demand for microwave and millimeter wave products, particularly in North America and Europe [7] - E2E Technologies' bookings in Q1 outperformed expectations, contributing to revenue in line with forecasts [9] - The tariff dynamics are creating instability for certain customers, particularly in private networks, but overall customer activity remains steady [11] Company Strategy and Development Direction - The company is focused on expanding its presence in private networks and millimeter wave markets, with ongoing evaluations of strategic M&A opportunities [12][13] - The acquisition of E2E Technologies is expected to enhance capabilities in private networks, particularly in the energy and utilities sector [9] - The shift to software-driven services is anticipated to increase annual recurring revenue and improve margins compared to traditional hardware business [8] Management's Comments on Operating Environment and Future Outlook - Management reiterated the 2025 revenue guidance of $390 million to $430 million, expecting a significant uptick in the second half of the year, primarily driven by India [23][37] - The company remains vigilant regarding tariff impacts but believes the net effect on profitability will be minimal [12] - Positive demand signals were observed during the Mobile World Congress, reinforcing the company's strategic alignment for long-term success [6] Other Important Information - The cash position at the end of Q1 2025 was $27.7 million, down from $35.3 million at the end of 2024, primarily due to acquisition-related cash payments [21] - Inventory increased slightly to $62.3 million as preparations for new E band products are underway [21] Q&A Session Summary Question: Strength in bookings in India - Management indicated that bookings are not concentrated on a single customer but distributed among two main customers, with potential for a third significant project [24][25] Question: Potential significant opportunity in North America - Management described opportunities in North America as potentially meaningful, with estimates of over $10 million annually for a few years [27] Question: Gross margin expansion opportunities - Management noted that gross margin expansion could come from improved revenue mix, economies of scale, and increased sales of software and private network solutions [28][29] Question: Growth in India and its importance - Management confirmed that the main growth uptick is expected in the second half of the year, driven by significant deployments in India [37] Question: Impact of tariffs on customer decision timelines - Management reported no significant changes in buying patterns from CSPs, although there were some hesitations in closing deals on private networks [40] Question: Demand for private networks and geographic performance - Management highlighted increased interest in point-to-multipoint solutions and noted successful POCs in both North America and Europe [41][42] Question: Competitive environment in North America and Europe - Management observed no major changes in competition but noted increased interest in replacing Chinese vendors in Europe [50][51]

Financial Data and Key Metrics Changes - Ceragon reported Q1 2025 revenue of $88.7 million, a slight increase of 0.2% from $88.5 million in Q1 2024 [16] - Non-GAAP net income for Q1 2025 was $2.6 million or $0.03 per diluted share, down from $4.7 million or $0.05 per diluted share in Q1 2024 [20] - Non-GAAP gross profit was $29.7 million, down 8.6% from $32.5 million in Q1 2024, with a gross margin of 33.5% compared to 36.7% in the prior year [16][17] Business Line Data and Key Metrics Changes - Revenue from India was $42.9 million, a significant increase of 65% year over year, marking it as the strongest region [10] - North America revenue increased to $17.6 million from $13.4 million in Q4 2024, showing recovery and growth [11][16] - Managed services and software-driven solutions are identified as strategic priorities, with strong interest observed at Mobile World Congress [8][9] Market Data and Key Metrics Changes - Bookings in India rebounded significantly, with the highest levels since Q1 2024, indicating broad-based demand [6][11] - The company is experiencing strong anticipated demand for microwave and millimeter wave products, particularly in North America and Europe [7] - E2E Technologies acquisition is expected to enhance capabilities in private networks, particularly in the energy and utilities sector [9][10] Company Strategy and Development Direction - Ceragon is focusing on expanding its presence in private networks and millimeter wave markets, with ongoing evaluations of strategic M&A opportunities [13][14] - The shift to software-driven services is expected to increase annual recurring revenue and improve margins compared to traditional hardware business [9] - The company aims to maintain technology leadership while addressing the needs of both Tier one and Tier two carriers [9] Management's Comments on Operating Environment and Future Outlook - Management reiterated the 2025 revenue guidance of $390 million to $430 million, expecting a significant uptick in the second half of the year, primarily driven by India [23][36] - The tariff environment is being monitored closely, but no significant changes in customer buying patterns have been observed [40] - Management expressed confidence in adapting to market changes and leveraging strengths to drive growth [13] Other Important Information - The acquisition of E2E Technologies is expected to be accretive to non-GAAP earnings by the second half of 2025 [10] - The company’s cash position decreased to $27.7 million from $35.3 million at the end of 2024, primarily due to acquisition-related payments [21] Q&A Session Summary Question: Strength in bookings in India - Management indicated that bookings are not concentrated on a single customer but distributed among two main customers, with potential for a third significant project [24][26] Question: Potential significant opportunity in North America - Management described opportunities in North America as potentially meaningful, with estimates of over $10 million annually for several years [28] Question: Gross margin expansion opportunities - Management noted that gross margin expansion could come from improved revenue mix, economies of scale, and increased sales of software and private network solutions [29][30] Question: Importance of India for growth - Management confirmed that the main growth uptick is expected in the second half of the year, driven by significant deployments in India [36][38] Question: Impact of tariffs on customer decision timelines - Management reported no significant changes in buying patterns from CSPs, although some hesitations were noted in closing deals for private networks [40] Question: Demand for private networks and geographic performance - Management highlighted increased interest in point-to-multipoint solutions and noted successful POCs in both North America and Europe [41][42] Question: Differentiation of E band product for India - Management emphasized the product's strong performance and cost structure tailored for the Indian market, indicating readiness for market share capture [48][49] Question: Competitive environment in North America and Europe - Management observed no major changes in competition but noted increased interest in replacing Chinese vendors in Europe [50][52]

Core Insights - Ceragon has secured a $4.1 million agreement with a leading North American oil & gas production company through its recently acquired systems integration business, E2E by Ceragon [1][2] - The project involves designing, building, and commissioning a comprehensive operational technology network infrastructure across over 100 mission-critical sites, utilizing advanced wireless technologies for critical communications [2][3] - Successful execution of this project may lead to additional opportunities in 2026, potentially involving larger projects [3] Company Positioning - This agreement reinforces Ceragon's status as a trusted partner for complex, mission-critical challenges, particularly in the private network ecosystem [4] - Ceragon aims to drive the future of critical industry networks by integrating advanced technologies and network management capabilities to meet the demands of digital transformation [4] Business Overview - Ceragon is a global innovator in end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed services [5] - The company serves a diverse customer base, including service providers, utilities, public safety organizations, and energy companies, with solutions deployed in over 130 countries [6] - Ceragon's offerings are designed to provide reliable, fast, and high-capacity wireless solutions, optimizing total cost of ownership through efficient resource use [6]

Financial Data and Key Metrics Changes - Q4 sales reached $15.1 million, marking a 6% sequential decline but a 50% increase year-over-year, primarily driven by consumer market recovery [27] - Gross margin for Q4 was 43.4%, reflecting a 50 basis point improvement due to operational efficiencies and favorable sales mix [29] - Full year 2024 sales totaled $60.6 million, an 8% increase compared to the prior year, with consumer sales up 15% [32][34] - Adjusted EBITDA for 2024 was negative $0.8 million, an improvement from negative $4.5 million in 2023 [37] Business Line Data and Key Metrics Changes - Consumer sales in Q4 were $6.5 million, showing strong performance from Tier 1 MNO sales [28] - Automotive sales reached $3.3 million, a high point for the year, but fell short of expectations due to channel excess inventory [28] - Enterprise sales were $5.3 million, reflecting a sequential decrease of $1.3 million, primarily due to reduced sales of embedded modems and custom IoT products [28][34] Market Data and Key Metrics Changes - The serviceable addressable market (TAM) grew from $1.1 billion in 2024 to $2.6 billion in 2025, driven by the AC-Fleet vehicle gateway and Lighthouse smart repeaters [9] - The company expects the consumer market to experience steady but modest growth through 2025 [32] Company Strategy and Development Direction - The company is focused on scaling deployments, accelerating customer adoption, and expanding into high-value markets in 2025 [7][41] - A strategic partnership with Omantel aims to enhance network performance and optimize coverage in the Middle East [14][15] - The company is transitioning from a component supplier to a high-value wireless system solutions provider, with a focus on products like Lighthouse and AirgainConnect [8][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term challenges such as inventory constraints but emphasized a robust product pipeline and increasing customer engagement [45][46] - The company anticipates deploying Lighthouse across more than 50 sites in 2025, establishing a foundation for larger scale commercial rollouts in 2026 [45] Other Important Information - The company introduced Lighthouse Solar, a self-sustaining solar-powered network control repeater aimed at extending 5G coverage into remote areas [17][18] - The company is actively pursuing certifications for its products to support international expansion [44] Q&A Session Summary Question: Visibility on enterprise segment and customer delays - Management noted that two customers are experiencing delays due to inventory issues but expect improvements in the second half of the year [56] Question: Revenue contribution from Lighthouse product - Management indicated that while Lighthouse revenue will be small in 2025, there are plans for deployments starting this quarter [58] Question: Ongoing trials for AirgainConnect product - Management confirmed that trials are ongoing, with positive feedback on performance and installation ease [64][66] Question: Metrics for Lighthouse opportunities - Management highlighted that the 50 deployments with Omantel represent a small fraction of the potential market, with a total addressable market of $700 million for Lighthouse [78][79]