AIRGAIN INC

Airgain reported a net loss of $(1.71) million for the second quarter of 2026, an increase from $(1.48) million in the same period last year. Sales for Q2 2026 slightly increased to $13.70 million. For the first six months of 2026, the company's net loss widened to $(3.60) million, and net cash used in operating activities significantly increased to $(2.55) million. The company also completed the acquisition of Nextivity's HPUE product business, resulting in a $0.3 million gain on bargain purchase, and raised $1.0 million through an at-the-market stock offering during the quarter.

Airgain, Inc. reported strong sequential improvement in its second quarter 2026 financial results, with revenue increasing 19% to $13.7 million and Adjusted EBITDA returning to positive at $0.4 million. The company achieved non-GAAP net income of $0.3 million, or $0.02 per share. Operational highlights included expanding the AirgainConnect portfolio and advancing new IoT opportunities. Airgain also provided a positive outlook for Q3 2026, projecting sales between $14.25 million and $16.25 million, and non-GAAP net income per share of $0.04 at the midpoint.

Airgain reported a net loss of $1.90 million on sales of $11.51 million for the first quarter of 2026, compared to a net loss of $1.55 million on sales of $12.01 million in the prior year. The company completed the acquisition of Nextivity's high-power user equipment (HPUE) product business, which resulted in a $0.34 million gain on bargain purchase. Additionally, Airgain announced the termination of its Chief Technology Officer's employment in April 2026.

Airgain reported Q1 2026 financial results with sales of $11.5 million and a GAAP net loss of $1.9 million, or $(0.15) per share. Despite a sequential decline in consumer market sales, the company saw growth in enterprise and automotive markets. Key operational achievements include a Tier 1 MNO 5G design win, a $4 million IoT order, an acquisition, and a strategic partnership. Airgain provided a positive outlook for Q2 2026, projecting sales of $13.5 million at the midpoint and non-GAAP net income per share of $0.01.

Airgain, Inc. filed a definitive proxy statement for its 2026 Annual Meeting of Stockholders, scheduled virtually for June 10, 2026, at 9:00 a.m. Pacific Time. Stockholders will vote on the election of two Class I directors, the ratification of Grant Thornton LLP as the independent auditor for 2026, an advisory vote on executive compensation, and the approval of an amendment to the 2016 Incentive Award Plan. The Board recommends voting "For" all proposals.

Airgain, Inc. announced the termination of Dr. Ali Sadri, its Chief Technology Officer, effective April 17, 2026. Concurrently, the company eliminated the Office of the CTO, reassigning resources to the product development team to support accelerated commercialization of growth platforms. Dr. Sadri will receive a severance package including a $325,000 lump sum base salary, a prorated 2026 target bonus of $57,164, 12 months of health coverage, and vesting of equity awards that would have vested within 12 months.