Airgain, Inc. (AIRG)

Airgain's stock experienced fluctuations over the past six months, with a significant decrease to $4.01 per share on November 17, 2025, from $9.03 per share on November 18, 2024. Key events include Q3 2025 earnings, where Airgain met analysts' estimates with $14.0 million in revenue and a positive Adjusted EBITDA of $0.3 million, despite a GAAP net loss. The company secured a Tier 1 U.S. Carrier Wi-Fi 7 Design Win. Analysts lowered their expectations, decreasing price targets. There was insider activity, including the CFO selling shares. Airgain reported a Q2 2025 loss but beat revenue estimates.

Airgain anticipates a moderation in demand during the fourth quarter, resulting in reduced Wi-Fi 7 shipments, but remains optimistic about growth prospects driven by the Wi-Fi 7 industry transition. Seasonal demand trends are likely to moderate Wi-Fi 7 shipments in Q4. Longer sales cycles for key products and macroeconomic pressures may also dampen short-term growth.

Airgain, Inc. specializes in designing, developing, and selling high-performance antenna and integrated wireless connectivity solutions crucial for high-performance networking across various devices and markets. Their product portfolio includes embedded antennas, modems, custom cellular solutions, IoT development kits, SIM cards, and IoT data plans. They also offer 5G connectivity, smart repeaters, fixed wireless access, asset tracking solutions, external antennas, fleet antennas, carrier-class antennas, and vehicle networking solutions. Airgain serves diverse markets, including consumer, enterprise, automotive, carrier, fleet, residential, government, public safety, and IoT.

Airgain, Inc. is headquartered in San Diego, California, and maintains design and test centers in the U.S., U.K., and China. The majority of its revenue comes from North America, with additional presence in China and other regions. Its business operations span across Asia-Pacific, Europe, the Middle East, Africa, and North America.

Airgain has enhanced its brand reputation through strategic product developments and certifications, including T-Mobile T-Priority certification for AirgainConnect AC-Fleet and FCC certification for its Lighthouse 5G Smart Network Controlled Repeater. The company launched new products and partnered with Omantel. Analysts have given Airgain a consensus rating of "Moderate Buy." The achievement of a positive Adjusted EBITDA in Q3 2025 was highlighted as a critical turnaround.

Airgain, Inc. has a diverse ownership structure including institutional investors, individual investors, and company insiders. Key institutional shareholders include Blair William & Co/il, Ameriprise Financial Inc, and Vanguard Group Inc. Insiders hold a notable percentage of the company's stock, with James K. Sims being the largest individual shareholder. Retail investors also hold a substantial portion of the stock.