Airgain, Inc. (AIRG)

Airgain's stock experienced several events impacting its price in the past six months. In Q2 2025, Airgain reported sales of $13.6 million, a sequential increase from Q1 2025, with enterprise sales increasing and consumer and automotive sales decreasing. In Q3 2025, the company achieved its third consecutive quarter of sequential revenue growth, hitting $14.0 million in sales, and achieved a positive adjusted EBITDA. Airgain achieved FCC and T-Mobile T-Priority Certifications for its Lighthouse™ 5G Smart Network Controlled Repeater and AirgainConnect® AC-Fleet™ platforms. Airgain secured a major design contract for a next-generation Wi-Fi 7 fiber broadband gateway with a Tier 1 U.S. carrier. Airgain released its AT-Flight asset tracker, targeting the healthcare and life sciences IoT markets. Management expected Q4 2025 sales to be in the range of $12.0 million to $14.0 million. There were several insider sell transactions by executives and directors in January and November 2025, and some buy transactions by independent directors in May and June 2025.

Airgain's demand can experience seasonality, particularly in its consumer market. The company anticipated a moderation in demand during Q4 2024, leading to a reduction in Wi-Fi 7 shipments for that quarter. Following a typical seasonal impact in Q1, the consumer market is expected to experience steady, but modest growth through 2025. In Q2 2025, consumer sales decreased sequentially due to lower demand, while enterprise sales increased. The combined sales of embedded modems and custom IoT products in the enterprise market declined in the second half of 2024 compared to the first half, due to customer-specific excess inventories.

Airgain, Inc. is a technology company specializing in advanced wireless connectivity solutions within the Technology sector and Electronic Components industry. The company designs, integrates, and sells high-performance wireless connectivity solutions, including embedded, external, and carrier-class antennas, as well as integrated systems and associated connectivity software. Its products enhance data transmission, network performance, and antenna efficiency across various devices and markets, including embedded and external antenna systems, modular smart antennas, AirgainConnect® AC-Fleet™, Lighthouse™ 5G Smart Network Controlled Repeater, NimbeLink™ Embedded Modems, Wi-Fi 7 Antennas, and AT-Flight Asset Tracker.

Airgain, Inc. is headquartered in San Diego, California, and maintains design and test centers in the U.S., U.K., and China. The company collaborates with mobile network operators internationally, with sales cycles typically extending 12 to 18 months, and targets system integrators in the U.S. for shorter sales cycles. Airgain is scheduled for multiple trials across several regions, including the U.S., Latin America, Southeast Asia, Europe, and the Middle East.

Airgain's brand reputation appears generally positive within its sector. MarketBeat scored Airgain higher than 83% of companies evaluated and ranked it 192nd out of 627 stocks in the computer and technology sector. The company has received a consensus rating of "Moderate Buy" from analysts. Key certifications, such as FirstNet Trusted™ and T-Mobile T-Priority for AirgainConnect, and FCC certification for Lighthouse, enhance its reputation. The securing of a major Wi-Fi 7 design win with a Tier 1 U.S. carrier also reflects positively on its technological capabilities and market standing.

Airgain, Inc. is a publicly traded company on the NASDAQ exchange, with its ownership being a mix of institutional funds, individual insiders, and the public float. Major institutional owners include William Blair Investment Management, LLC, Columbia Management Investment Advisers, LLC, The Vanguard Group, Inc., First Eagle Investment Management, LLC, Renaissance Technologies LLC, and BlackRock, Inc. Individual insiders hold a meaningful percentage, including James K. Sims, Jacob Suen, Michael Elbaz, and Ali Sadri.