News Releases

Airgain's mission is to become the world's leading supplier of throughput optimized antenna systems and validation services, enabling advances in wireless connectivity for in-home, enterprise, and M2M applications.

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December 14, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced the closing of its underwritten public offering of common stock, consisting of 1,685,882 shares of common stock to be sold by Airgain and 1,020,000 shares of common stock to be sold by certain of its stockholders, at a public offering price of $17.00 per share, which included the full exercise of the underwriters' option to purchase 332,941 additional shares sold by Airgain and 20,000 additional shares sold by a selling stockholder. The gross proceeds to Airgain from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $28.7 million . Cowen and Company, LLC, William Blair & Company, L.L.C. and Northland Capital Markets acted as joint book-running managers for the offering. Wunderlich acted as co-manager for the offering. A registration statement relating to these securities was ...
December 9, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced the pricing of its underwritten public offering of common stock, consisting of 1,352,941 shares of common stock to be sold by Airgain and 1,000,000 shares of common stock to be sold by certain of its stockholders, at a public offering price of $17.00 per share. The gross proceeds to Airgain from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $23.0 million . In addition, Airgain has granted the underwriters a 30-day option to purchase up to an additional 332,941 shares of common stock and a selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 20,000 shares of common stock. The offering is expected to close on December 14, 2016, subject to the satisfaction of customary closing conditions. Cowen and Company, LLC , William Blair & ...
November 23, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed underwritten public offering of its common stock consisting of approximately $20 million of shares to be sold by Airgain and approximately $20 million of shares to be sold by certain of its stockholders. In addition, Airgain expects to grant the underwriters a 30-day option to purchase up to an additional approximately $6 million in shares of common stock from the Company. Cowen and Company, LLC, William Blair & Company, L.L.C. and Northland Capital Markets are acting as joint book-running managers for the offering. Wunderlich is acting as co-manager for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be ...
November 23, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, announced today that Northland Securities, Inc. ("Northland"), as the representative of the several underwriters pursuant to that certain Underwriting Agreement, dated as of August 11, 2016 , by and between the Company and Northland, is releasing lock-up restrictions with respect to each stockholder, including officers and directors, who entered into lock-up agreements with Northland in connection with the Company's initial public offering. This release will take effect after the market close on November 28, 2016. This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. About Airgain, ...
November 15, 2016
New connected home 802.11ac product to provide increased performance and broadband coverage Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, announced today that it has been selected by telecommunications provider Swisscom to provide high performance antenna technology for its next generation dual-band DSL and Fibre gateway, the Swisscom Internet-Box 2. The new gateway will incorporate advanced IEEE 802.11ac Wi-Fi support, delivering gigabit speeds to enable whole home coverage and increased service assurance to ensure a smoother subscriber experience. The Internet-Box 2 wireless performance outperforms legacy and competing devices, providing optimized connected home 802.11ac wave 2 wireless communications for Swisscom's customers. The Internet-Box 2 will utilize an advanced embedded antenna solution supporting dual band 3x3 2.4GHz Wi-Fi, 4x4 5GHz Wi-Fi, and DECT wireless technologies. "The advanced ...
November 10, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today reported results for the third quarter ended September 30, 2016 . Third Quarter 2016 Financial Results Sales increased 87% to $12.4 million from $6.7 million in the same year-ago period. The increase was primarily driven by an increase in product sales. Gross profit increased 101% to $5.6 million (44.8% of sales) from $2.8 million (41.6% of sales) in the same year-ago period. The increase in gross profit as a percentage of sales was driven by an increase in the sales of board-mounted antennas, which typically carry higher gross margins. Total operating expenses increased 53% to $4.3 million from $2.8 million in the same year-ago period. The increase was primarily due to higher personnel expenses to support the company's sales and marketing and R&D initiatives. The increase was also due to higher administrative expenses incurred as a public ...
November 8, 2016
Airgain, Inc. (NASDAQ: AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced the appointment of Joan Gillman to its board of directors. Gillman will serve as a member of each of the company's Audit, Compensation and Nominating and Corporate Governance committees. Gillman brings to the board more than 20 years of executive experience in the media and communications industries, having served in multiple leadership roles at Time Warner Cable and its media and advertising sales division, Time Warner Cable Media. Prior to its acquisition by Charter Communications , Time Warner Cable was the second largest U.S. cable company, with operations in over 25 states and generating more than $20 billion in annual revenue. In her most recent role, Gillman served as the chief operating officer of Time Warner Cable Media, where she led a multi-year strategic plan that enabled the billion-dollar operating division to scale its ...
October 28, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, will host a conference call on Thursday, November 10, 2016 at 4:30 p.m. Eastern Standard Time ( 1:30 p.m. Pacific Standard Time ) to discuss its financial results for the third quarter ended September 30, 2016 . Financial results will be issued in a press release prior to the call. Date: Thursday, November 10, 2016 Time: 4:30 p.m. Eastern Standard Time ( 1:30 p.m. Pacific Standard Time ) U.S. dial-in: 1-888-224-1121 International dial-in: 1-913-312-0719 The conference call will be broadcast simultaneously and available for replay via the investor section of the company's website at airgain.com. Interested parties can also listen to the broadcast live by clicking here. Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the ...
October 6, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced it expects to ship its 25 millionth antenna for the Smart TV market in October 2016 . "Over the past two years we have grown our production of antennas for the Smart TV market from zero to more than one million antennas per month," said Airgain's President and Chief Executive Officer, Charles Myers. "The emergence of the 4K ultra high definition (UHD) Smart TV has increased the importance of Wi-Fi performance for the connected TV, which requires higher throughput for seamless video content within the home. This shipping milestone is a testament to the exceptional efforts of our design and manufacturing teams to ship large volumes while maintaining the highest level of performance and product quality." The introduction of over-the-top (OTT) TV applications has opened a new pathway for consumers to access online streaming platforms by ...
September 20, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today reported results for the second quarter ended June 30, 2016 . Second Quarter 2016 Financial Results Sales increased 63% to $9.9 million from $6.1 million in the same year-ago period. The increase was primarily driven by an increase in product sales. Gross profit increased 79% to $4.5 million (46.1% of sales) from $2.5 million (42.0% of sales) in the same year-ago period. The increase in gross profit as a percentage of sales was driven by an increase in the sales of board-mounted antennas, which typically carry higher gross margins. Total operating expenses increased 31% to $3.6 million from $2.7 million in the same year-ago period. The increase was primarily due to higher personnel expenses to support the company's sales and marketing and R&D initiatives. Net income attributable to common stockholders totaled $700,428 , or $0.15 per diluted ...
September 15, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, will hold a conference call on September 20, 2016 at 4:30 p.m. Eastern Daylight Time ( 1:30 p.m. Pacific Daylight Time ) to discuss its financial results for the second quarter ended June 30, 2016 . Financial results will be issued in a press release prior to the call. Airgain management will host the presentation, followed by a question and answer period. Date: Tuesday, September 20, 2016 Time: 4:30 p.m. Eastern Daylight Time (1:30 p.m. Pacific Daylight Time) U.S. dial-in: 1-888-233-8011 International dial-in: 1-913-312-0961 The conference call will be broadcast simultaneously and available for replay via the investor section of the company's website at www.airgain.com . Interested parties can also listen to the broadcast live by clicking here . Please call the conference telephone number five minutes prior to the start time. An operator will ...
September 7, 2016
Airgain, Inc. (Nasdaq:AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, has been invited to present at the 2016 Gateway Conference being held on September 7-8, 2016 at the Four Seasons Hotel San Francisco . Airgain management is scheduled to present on Wednesday, September 7 at 2:30 p.m. Pacific time, with one-on-one meetings held throughout the day. The presentation will be webcast live and available for replay in the Investor Relations section of Airgain’s website and on the Gateway Conference website . To receive additional information, request an invitation or to schedule a one-on-one meeting, please e-mail gateway@liolios.com. About the Gateway Conference
The 5th Annual Gateway Conference is an invite-only conference presented by Liolios, which brings together the most compelling companies with the nation’s top institutional investors and analysts. This year’s event features more than 80 companies from a number ...
August 12, 2016
Airgain, Inc. (NASDAQ: AIRG) , a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced the pricing of its initial public offering of 1,500,000 shares of common stock at a public offering price of $8.00 per share, before underwriting discounts and commissions. All of the common stock is being offered by Airgain . The shares are scheduled to begin trading on the NASDAQ Capital Market under the ticker symbol "AIRG" on Friday, August 12, 2016 . In addition, Airgain has granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock at the initial public offering price to cover over-allotments, if any. The offering is expected to close on August 17, 2016 , subject to the satisfaction of customary closing conditions. Northland Capital Markets and Wunderlich are acting as joint book-running managers for the offering. Northland Capital Markets is the trade name for certain capital markets ...
January 6, 2016
SAN DIEGO, CA-(Marketwired - January 06, 2016) - Airgain, Inc., an industry leader in smart and embedded antenna technology, integration support, and test services for the wireless communications market, today announced a definitive agreement to acquire the North American assets of SkyCross, Inc. a leading provider of advanced RF solutions for the wireless data networking market. The acquisition gives Airgain ownership of certain North American accounts as well as key sales and engineering resources, and is expected to augment Airgain's operations in the connected home, enterprise, and outdoor antenna solutions, including data networking and smart metering applications. "Today's transaction firmly establishes Airgain's presence in the wireless networking market and expands our significant position with leading operators in North America," said Charles Myers, President and CEO of Airgain. "The acquisition of SkyCross assets meets our strategic goal of strengthening our position within ...