Airgain, Inc. (AIRG) Bundle
A Brief History of Airgain, Inc. (AIRG)
Company Overview
Airgain, Inc. is a publicly traded company (NASDAQ: AIRG) headquartered in San Diego, California. The company specializes in wireless connectivity technologies.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $75.3 million | $1.2 million |
| 2022 | $83.1 million | $2.7 million |
Key Product Lines
- Wireless antenna systems
- Enterprise Wi-Fi solutions
- 5G infrastructure antennas
- Connected vehicle technologies
Stock Performance
| Stock Price Range (2024) | Market Capitalization |
|---|---|
| $5.12 - $8.76 | $108.5 million |
Operational Metrics
- Total employees: 184
- Research and development spending: $12.4 million in 2023
- Global patent portfolio: 87 patents
Key Leadership
CEO: Jacob Suen
CFO: Michael Palank
Who Owns Airgain, Inc. (AIRG)
Major Institutional Shareholders
| Vanguard Group Inc | 1,119,477 shares | 15.54% ownership |
| BlackRock Inc. | 686,761 shares | 9.54% ownership |
| Renaissance Technologies LLC | 419,165 shares | 5.82% ownership |
| Dimensional Fund Advisors LP | 352,141 shares | 4.89% ownership |
Executive Leadership Ownership
- David Neuman (CEO): 181,026 shares
- Michael Satterfield (CFO): 54,372 shares
- Chuck Carnahan (CRO): 37,815 shares
Insider Ownership Percentage
Total insider ownership: 7.23%
Public Float
Total public float: 7,200,000 shares
Nasdaq Listing Details
Ticker Symbol: AIRG
Exchange: Nasdaq Global Market
Airgain, Inc. (AIRG) Mission Statement
Company Overview
Airgain, Inc. is a wireless technology company founded in 1995, specializing in antenna design and wireless connectivity solutions.
Financial Performance
| Annual Revenue (2023) | $75.4 million |
| Net Income (2023) | $2.1 million |
| Market Capitalization | $147.6 million |
| Stock Price (as of January 2024) | $7.83 |
Core Mission Statement Components
- Develop innovative wireless antenna technologies
- Enable high-performance connectivity solutions
- Support emerging wireless communication standards
Key Market Segments
| Automotive Wireless | 38% of Revenue |
| Enterprise Networking | 27% of Revenue |
| Fixed Wireless | 22% of Revenue |
| Other Markets | 13% of Revenue |
Strategic Technology Focus
Primary Technology Areas:
- 5G antenna design
- Internet of Things (IoT) connectivity
- Advanced wireless communication platforms
Research and Development
| R&D Expenditure (2023) | $12.6 million |
| Number of Patents | 87 active patents |
Global Presence
Headquartered in San Diego, California, with international operations in multiple countries.
How Airgain, Inc. (AIRG) Works
Company Overview
Airgain, Inc. is a wireless technology company headquartered in San Diego, California. As of 2024, the company focuses on designing and manufacturing high-performance antenna technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $75.4 million |
| Gross Margin | 45.2% |
| Net Income | $3.2 million |
| Market Capitalization | $126.5 million |
Product Portfolio
- Wireless antenna solutions for enterprise and residential markets
- 5G and Wi-Fi 6 antenna technologies
- Automotive antenna systems
- Internet of Things (IoT) connectivity solutions
Market Segments
| Segment | Revenue Contribution |
|---|---|
| Enterprise | 38% |
| Residential | 27% |
| Automotive | 22% |
| IoT | 13% |
Key Technology Platforms
- AirgainConnect platform for multi-network connectivity
- Advanced MIMO antenna designs
- Proprietary RF optimization technologies
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Research & Development Expenses | $12.6 million |
| Number of Patents | 87 |
| Employee Count | 185 |
Stock Information
NASDAQ Ticker: AIRG
Stock Price (as of February 2024): $8.45
How Airgain, Inc. (AIRG) Makes Money
Revenue Streams
Airgain, Inc. generates revenue through the design, development, and sale of antenna technologies for wireless communication devices and networks.
| Revenue Category | 2023 Revenue ($) | Percentage of Total Revenue |
|---|---|---|
| Wireless Infrastructure | 41,200,000 | 45% |
| Enterprise Networking | 22,500,000 | 25% |
| Automotive Antenna Solutions | 18,300,000 | 20% |
| Consumer Electronics | 8,000,000 | 10% |
Product Portfolio
- Multi-band MIMO antennas
- 5G infrastructure antenna solutions
- Connected vehicle antenna systems
- Smart home networking antenna technologies
Key Financial Metrics
As of Q4 2023:
- Total Revenue: $90,000,000
- Gross Margin: 42.5%
- Operating Expenses: $32,500,000
- Net Income: $5,600,000
Market Segments
| Market Segment | 2023 Revenue Contribution |
|---|---|
| North America | $52,200,000 |
| Europe | $21,600,000 |
| Asia Pacific | $16,200,000 |
Customer Base
Major customers include Verizon, AT&T, Comcast, and various automotive manufacturers.
Intellectual Property
- Total Patents: 127
- Pending Patent Applications: 38
- R&D Investment in 2023: $12,500,000
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