Airgain Inc
NASDAQ:AIRG
Airgain Inc
Airgain, Inc. provides embedded antenna products, integration support and test services. The company is headquartered in San Diego, California and currently employs 145 full-time employees. The company went IPO on 2016-08-11. Its technologies are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, portables, digital televisions, sensors, fleet tracking, in-vehicle networking, and asset tracking devices. The company is a provider of integrated communications products that solve critical connectivity needs. Its products include AirgainConnect; Custom Embedded Antenna Solutions, which includes MaxBeam Embedded Antennas, Profile Embedded Antennas, Profile Contour Embedded Antennas, MaxBeam Carrier Class Antennas, and SmartMax Embedded Antennas; Antenna Plus External Antennas; Skywire Modems, and Asset Trackers. The company operates in United States, Canada, Europe, and Asia Pacific.
Airgain, Inc. provides embedded antenna products, integration support and test services. The company is headquartered in San Diego, California and currently employs 145 full-time employees. The company went IPO on 2016-08-11. Its technologies are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, portables, digital televisions, sensors, fleet tracking, in-vehicle networking, and asset tracking devices. The company is a provider of integrated communications products that solve critical connectivity needs. Its products include AirgainConnect; Custom Embedded Antenna Solutions, which includes MaxBeam Embedded Antennas, Profile Embedded Antennas, Profile Contour Embedded Antennas, MaxBeam Carrier Class Antennas, and SmartMax Embedded Antennas; Antenna Plus External Antennas; Skywire Modems, and Asset Trackers. The company operates in United States, Canada, Europe, and Asia Pacific.
Revenue: Full-year 2025 sales were $51.8 million, down 15% year-over-year; Q4 revenue was $12.1 million, at the low end of guidance due to timing factors.
Margins: Gross margin improved to 44.6% for the year, up 266 basis points, and 46.3% in Q4, both driven by favorable product mix and cost efficiency.
Core Business: Consumer division grew 20% in 2025, providing a stable, profitable foundation; IoT and Enterprise saw year-over-year declines but are positioned for modest growth in 2026 as inventory normalizes.
Platform Progress: AirgainConnect and Lighthouse platforms advanced meaningfully with new customer trials, ecosystem milestones, and a growing opportunity pipeline.
Strategic Acquisition: Acquired HPUE product line from Nextivity, adding about $2 million annual revenue and expanding the vehicle gateway portfolio.
2026 Guidance: Q1 2026 sales guidance is $10.5–$12.5 million (midpoint $11.5 million), with gross margin expected at 43.5%–46.5%; full-year growth expected from Consumer, Enterprise, and Automotive rebound.
Commercialization Outlook: Major Lighthouse platform revenue is expected to begin in 2027; meaningful 2026 contributions are anticipated from existing system integrator partnerships, especially in the second half.
