Airgain (AIRG)
Market Price (10/22/2026): $4.09 | Market Cap: $52.5 MilSector: Information Technology | Industry: Communications Equipment
Airgain (AIRG)
Market Price (10/22/2026): $4.09Market Cap: $52.5 MilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include Network Equipment, Wireless Services, Show more. | Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -57% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.4% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% Key risksAIRG key risks include [1] volatile operating results and persistent profitability challenges, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include Network Equipment, Wireless Services, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -57% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -5.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksAIRG key risks include [1] volatile operating results and persistent profitability challenges, Show more. |
Qualitative Assessment
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Airgain (AIRG) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Projected Sequential Decline in Consumer Revenue for Fiscal Q3 2026. Despite reporting Q2 2026 sales of $13.7 million and non-GAAP EPS of $0.02, both beating analyst estimates, Airgain's management tempered expectations by forecasting a sequential decline in consumer revenue for fiscal Q3 2026 (ending September 30, 2026). This decline was attributed to "near-term industry supply constraints" and "FCC-related launch timing". While management stated these were timing issues and not a reflection of underlying demand, the projected weakness in a key segment likely impacted investor confidence. Airgain's Q3 2026 sales guidance midpoint was $15.25 million, with non-GAAP EPS expected to be $0.04.
2. Pressure on Gross Margins. Airgain's non-GAAP gross margin sequentially declined in fiscal Q2 2026, falling to 43.6% from 44.2% in fiscal Q1 2026. This was primarily driven by an unfavorable customer sales mix change and a lower gross margin rate within the consumer segment. The projected non-GAAP gross margin for fiscal Q3 2026 was anticipated to be around 43%, indicating continued pressure on this profitability metric.
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Airgain (AIRG) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Projected Sequential Decline in Consumer Revenue for Fiscal Q3 2026. Despite reporting Q2 2026 sales of $13.7 million and non-GAAP EPS of $0.02, both beating analyst estimates, Airgain's management tempered expectations by forecasting a sequential decline in consumer revenue for fiscal Q3 2026 (ending September 30, 2026). This decline was attributed to "near-term industry supply constraints" and "FCC-related launch timing". While management stated these were timing issues and not a reflection of underlying demand, the projected weakness in a key segment likely impacted investor confidence. Airgain's Q3 2026 sales guidance midpoint was $15.25 million, with non-GAAP EPS expected to be $0.04.
2. Pressure on Gross Margins. Airgain's non-GAAP gross margin sequentially declined in fiscal Q2 2026, falling to 43.6% from 44.2% in fiscal Q1 2026. This was primarily driven by an unfavorable customer sales mix change and a lower gross margin rate within the consumer segment. The projected non-GAAP gross margin for fiscal Q3 2026 was anticipated to be around 43%, indicating continued pressure on this profitability metric.
3. Broader Semiconductor Industry Divergence. Although the overall semiconductor market is experiencing significant growth, particularly fueled by AI infrastructure, this growth is not uniform across all segments. Airgain, which serves consumer, enterprise, and automotive markets, appears to be impacted by specific challenges. The company's consumer segment faces "supply constraints," and the broader market is experiencing "cost pressure across PCs, smartphones, servers" due to tightening supply in certain memory categories, suggesting that Airgain may not be fully benefiting from the major industry tailwinds or is negatively affected by challenges in its diverse market exposure.
4. Analyst Downgrade and Valuation Concerns. As of October 2, 2026, at least one analyst downgraded Airgain's stock within the preceding month, which can contribute to negative market sentiment. Additionally, Airgain's valuation received a "D" grade, being considered "Expensive" by AAII's Value Grade, implying that even with analyst price targets averaging around $7.70 or $8.88, the market may view the stock as overvalued at previous levels.
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Stock Movement Drivers
Fundamental Drivers
The -35.4% change in AIRG stock from 6/30/2026 to 10/21/2026 was primarily driven by a -32.7% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.30 | 4.07 | -35.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51 | 51 | 0.1% |
| P/S Multiple | 1.5 | 1.0 | -32.7% |
| Shares Outstanding (Mil) | 12 | 13 | -4.2% |
| Cumulative Contribution | -35.4% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| AIRG | -35.4% | |
| Market (SPY) | 3.5% | 18.0% |
| Sector (XLK) | -1.0% | 20.2% |
Fundamental Drivers
The -26.0% change in AIRG stock from 3/31/2026 to 10/21/2026 was primarily driven by a -20.2% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.50 | 4.07 | -26.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 52 | 51 | -0.8% |
| P/S Multiple | 1.3 | 1.0 | -20.2% |
| Shares Outstanding (Mil) | 12 | 13 | -6.4% |
| Cumulative Contribution | -26.0% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| AIRG | -26.0% | |
| Market (SPY) | 19.2% | 30.1% |
| Sector (XLK) | 42.0% | 28.5% |
Fundamental Drivers
The -6.2% change in AIRG stock from 9/30/2025 to 10/21/2026 was primarily driven by a -9.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.34 | 4.07 | -6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 57 | 51 | -9.6% |
| P/S Multiple | 0.9 | 1.0 | 12.5% |
| Shares Outstanding (Mil) | 12 | 13 | -7.8% |
| Cumulative Contribution | -6.2% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| AIRG | -6.2% | |
| Market (SPY) | 17.0% | 13.4% |
| Sector (XLK) | 34.3% | 13.8% |
Fundamental Drivers
The 10.9% change in AIRG stock from 9/30/2023 to 10/21/2026 was primarily driven by a 90.0% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.67 | 4.07 | 10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 71 | 51 | -28.0% |
| P/S Multiple | 0.5 | 1.0 | 90.0% |
| Shares Outstanding (Mil) | 10 | 13 | -18.9% |
| Cumulative Contribution | 10.9% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| AIRG | 10.9% | |
| Market (SPY) | 87.1% | 15.8% |
| Sector (XLK) | 134.1% | 15.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AIRG Return | -40% | -39% | -45% | 98% | -42% | -1% | -78% |
| Peers Return | 2% | -42% | -7% | 136% | 53% | -15% | 68% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| AIRG Win Rate | 42% | 42% | 25% | 58% | 42% | 30% | |
| Peers Win Rate | 56% | 31% | 56% | 64% | 67% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AIRG Max Drawdown | -67% | -46% | -80% | -33% | -64% | -46% | |
| Peers Max Drawdown | -32% | -50% | -38% | -26% | -33% | -44% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: INSG, APH, TEL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | AIRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -52.0% | -18.8% |
| % Gain to Breakeven | 108.3% | 23.1% |
| Time to Breakeven | 391 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -64.7% | -9.5% |
| % Gain to Breakeven | 183.6% | 10.5% |
| Time to Breakeven | 118 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.8% | -6.7% |
| % Gain to Breakeven | 58.2% | 7.1% |
| Time to Breakeven | 448 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.0% | -33.7% |
| % Gain to Breakeven | 51.5% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.9% | -19.2% |
| % Gain to Breakeven | 42.7% | 23.8% |
| Time to Breakeven | 70 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.4% | -3.7% |
| % Gain to Breakeven | 41.7% | 3.9% |
| Time to Breakeven | 11 days | 6 days |
In The Past
Airgain's stock fell -52.0% during the 2025 US Tariff Shock. Such a loss loss requires a 108.3% gain to breakeven.
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| Event | AIRG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -52.0% | -18.8% |
| % Gain to Breakeven | 108.3% | 23.1% |
| Time to Breakeven | 391 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -64.7% | -9.5% |
| % Gain to Breakeven | 183.6% | 10.5% |
| Time to Breakeven | 118 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -36.8% | -6.7% |
| % Gain to Breakeven | 58.2% | 7.1% |
| Time to Breakeven | 448 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.0% | -33.7% |
| % Gain to Breakeven | 51.5% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.9% | -19.2% |
| % Gain to Breakeven | 42.7% | 23.8% |
| Time to Breakeven | 70 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.4% | -3.7% |
| % Gain to Breakeven | 41.7% | 3.9% |
| Time to Breakeven | 11 days | 6 days |
In The Past
Airgain's stock fell -52.0% during the 2025 US Tariff Shock. Such a loss loss requires a 108.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Airgain (AIRG)
Airgain, Inc. (AIRG) is a technology company that specializes in designing, developing, and engineering advanced antenna products. Its core business revolves around creating high-performance wireless networking solutions through both embedded and external antenna technologies, enabling robust connectivity in a wide range of devices and applications globally.
The company's product portfolio includes a variety of embedded antennas, such as its MaxBeam, Profile, Ultra, and SmartMax series, which are integrated directly into wireless devices. Beyond embedded solutions, Airgain also provides rugged external antennas under its Antenna Plus brand, specifically designed for critical applications in automotive, fleet management, public safety, and machine-to-machine (M2M) communications.
Airgain's antenna solutions serve a diverse global customer base comprising original equipment and design manufacturers (OEMs/ODMs), chipset vendors, service providers, and value-added resellers. The company primarily targets significant markets such as consumer electronics, enterprise networking infrastructure, and the rapidly expanding automotive industry, where reliable wireless performance is crucial.
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- The Intel for antennas.
- A specialized Qualcomm focused solely on antennas.
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Airgain (AIRG) Major Products:
- Embedded Antennas: A family of compact antennas (including MaxBeam, profile, profile contour, ultra, and SmartMax series) designed to be integrated directly into devices for high-performance wireless networking across consumer, enterprise, and automotive markets.
- MaxBeam Carrier Class Antennas: Robust antennas engineered for high-performance, carrier-grade wireless applications.
- Antenna Plus Brand Antennas: A line of specialized external antennas for automotive, fleet, public safety, and machine-to-machine (M2M) applications.
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Airgain, Inc. (symbol: AIRG) primarily sells its products and technologies to other companies (Business-to-Business or B2B).
Based on recent financial disclosures, Airgain has a diversified customer base, and no single customer represented more than 10% of its net revenues in either 2023 or 2022. Therefore, while specific names of current "major" customers are not disclosed due to this diversification, Airgain's customers generally fall into the following categories of companies:
- Original equipment and design manufacturers (OEMs and ODMs)
- Vertical market providers (operating in sectors such as automotive, fleet, public safety, and machine-to-machine communications)
- Chipset vendors
- Service providers (e.g., telecommunication carriers and internet service providers)
- Value-added resellers (VARs)
- Software developers
As an example of a past significant customer, Skyworks Solutions, Inc. (symbol: SWKS), a fabless semiconductor company, represented 11% of Airgain's net revenues in 2021. This illustrates Airgain's engagement with chipset vendors, which is a key customer category.
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Jacob Suen, President and Chief Executive Officer
Jacob Suen was appointed CEO of Airgain in January 2019, having previously served as President since January 2019 and as Senior Vice President, Worldwide Sales. He brings over 20 years of domestic and international business development and management experience to Airgain, and is responsible for the company's strategic direction. Prior to Airgain, Mr. Suen held numerous management positions at Paradyne Corporation, formerly part of AT&T, including Director of Business Development, OEM/ODM Manager, and Regional Network Consultant. At Paradyne, he was instrumental in reducing overall costs, improving time to market, and establishing the company's first subsidiary in China. His career also includes product development and engineering roles at GVN Technologies and Motorola. Mr. Suen holds an MBA from the University of Colorado, a Master's of Electrical Engineering and Management from the University of South Florida, and a B.S. in Computer and Electrical Engineering from the University of Florida.
Michael Elbaz, Chief Financial Officer and Secretary
Michael Elbaz was appointed Chief Financial Officer and Secretary of Airgain in October 2022. He possesses over twenty-five years of experience in corporate and global finance and strategy. Before joining Airgain, Mr. Elbaz served as VP Finance at Cohu, a public semiconductor equipment company. From 2012 to 2019, he was VP Finance at AMN Healthcare, a public healthcare solutions company. He also held the positions of VP Finance and Chief Accounting Officer at Conexant Systems, a public semiconductor company, from 2009 to 2011, and various finance leadership roles at NextWave Wireless and Conexant Systems prior to 2009. Mr. Elbaz earned a Bachelor of Science in Business Administration from California State University, Chico, and a Master of Business Administration from San Diego State University.
Ali Sadri, Chief Technology Officer
Ali Sadri serves as the Chief Technology Officer at Airgain, where he is responsible for driving the innovation pipeline, particularly focusing on 5G and Wi-Fi 7 solutions.
James K. Sims, Chairman of the Board
James K. Sims has been the Chairman of Airgain's board of directors since November 2003. He also served as the company's interim Chief Executive Officer from May 2018 to March 2019 and as Executive Chairman from October 2018 to March 2019. Mr. Sims has been the Chairman and CEO of GEN3 Partners, a consulting company specializing in science-based technology development, since 1999, and the Managing Partner of its affiliated private equity investment fund, GEN3 Capital, LLP, since 2005. He was the founding partner of Silicon Valley Data Capital in 2017 and founded Silicon Valley Data Science (SVDS) in 2012, where he currently serves as Chairman. Earlier in his career, Mr. Sims founded Cambridge Technology Partners in 1991, serving as its CEO, and also founded Concurrent Computer Corporation. He has served on the boards of various public companies, including Cambridge Technology Partners, RSA Security, Inc., where he was Chairman, and Electronic Data Systems Corporation.
Morad Sbahi, Chief Revenue Officer
Morad Sbahi is the Chief Revenue Officer at Airgain. He was previously the Senior Vice President of Global Product & Marketing. With over 18 years of international executive management experience in the telecommunications industry, Mr. Sbahi previously served as the general manager EMEA for SMC Networks, Inc., where he led the development of the company's European business and directed its planning and execution. His prior executive management roles include positions at Broadcom Corp., Texas Instruments Inc., and as vice president of marketing and business development for EMEA at Ubee Interactive.
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Key Risks to Airgain (AIRG)
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Inability to achieve consistent profitability and financial stability: Airgain has consistently reported net losses, including a $6.4 million net loss in 2025 and an accumulated deficit of $93.6 million. The company's financial health, as indicated by its Altman Z-Score, suggests potential financial distress, highlighting ongoing challenges in generating sustainable revenue growth and achieving profitability.
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Intense competition and rapid technological obsolescence: Airgain operates in a highly dynamic wireless industry characterized by rapidly evolving technologies such as 5G and Wi-Fi 7, and shifting industry standards. The company faces significant competition from large networking vendors, vertically integrated original equipment manufacturers (OEMs), lower-cost Asian suppliers, and emerging satellite-to-device connectivity solutions, posing a constant threat of product obsolescence and market share erosion if it fails to innovate and adapt quickly.
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High customer concentration and execution risks related to strategic transition: Airgain exhibits a high degree of customer concentration, with its largest customer accounting for nearly 29% of its total revenue in 2025, and the top three customers collectively comprising almost 60% of sales. The loss of even one major client could severely impact its business. Additionally, Airgain is undergoing a strategic transition from being primarily a component manufacturer to a wireless systems solutions provider. This shift entails substantial execution risks, with analysts raising concerns regarding the pace of converting its new platforms, such as AirgainConnect and Lighthouse, into sustained revenue growth.
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Airgain, Inc. (NASDAQ: AIRG) addresses several key global markets with its antenna products and wireless connectivity solutions, including embedded antennas, automotive antennas, fleet management systems, public safety communications, and machine-to-machine (M2M) connections.
The addressable markets for Airgain's main products and services are as follows:
- Embedded Antenna Systems: The global embedded antenna systems market was valued at $3.79 billion in 2024 and is projected to reach $10.97 billion by 2032, growing at a compound annual growth rate (CAGR) of 14.2% over the forecast period 2025-2032. Another estimate places the global market at $3.4 billion in 2021, with a projection to reach $12.7 billion by 2031, at a CAGR of 14.3% from 2022 to 2031. North America is identified as the largest market for embedded antenna systems, holding approximately 45% of the global share.
- Automotive Antennas (including Smart Antennas): The global automotive smart antenna market size was valued at $4.69 billion in 2024 and is projected to reach $14.66 billion by 2032, with a CAGR of 15.3% during the forecast period. Another report indicates the global automotive smart antenna market size was estimated at $2,787.3 million in 2024 and is projected to reach $5,944.2 million by 2030, growing at a CAGR of 12.3% from 2025 to 2030. The broader global automotive antenna market was valued at US$ 8.2 billion in 2021 and is expected to reach US$ 12.2 billion by the end of 2030.
- Fleet Management Systems: The global fleet management system market size reached $28.8 billion in 2024 and is expected to reach $61.0 billion by 2033, exhibiting a CAGR of 8.63% during 2025-2033. Another source projects the fleet management market size to grow from $23.51 billion to $108.7 billion by 2035, representing a CAGR of 14.96%. North America held a 35% revenue share in the market in 2023.
- Public Safety Communications/Antennas: The Public Safety Antenna market size is estimated at $12,250.75 million in 2024 and is projected to reach $24,580.40 million by 2032, growing at a CAGR of 8.5% from 2025 to 2032. The broader Public Safety Communications Market size is estimated to reach $72 billion by 2031, growing at a CAGR of 12.9% during the forecast period 2025-2031.
- Machine-to-Machine (M2M) Connections: The global Machine-to-Machine (M2M) Connections market size was valued at $3.20 billion in 2024 and is expected to reach $7.96 billion by 2032, at a CAGR of 11.30%. Another estimate for the global M2M connections market size was $40.28 billion in 2025 and is predicted to increase to approximately $81.94 billion by 2035, expanding at a CAGR of 7.36% from 2026 to 2035.
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Airgain, Inc. (AIRG) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:
- Wi-Fi 7 Transition and Design Wins in the Consumer Market: Airgain anticipates continued double-digit revenue growth in its consumer business, fueled by the industry-wide transition to Wi-Fi 7 technology. The company has secured significant multi-year, multi-million-dollar design wins with Tier 1 cable and mobile network operators for next-generation Wi-Fi 7 fiber broadband gateways and 5G home connectivity platforms, with projected shipments exceeding 5 million units within five years, starting in the second half of 2026.
- Scaling of the AirgainConnect Platform in Automotive and Public Safety Markets: The AirgainConnect vehicle gateway platform is progressing towards scaled commercial deployment, having achieved key technical validations and customer engagements. The recent acquisition of Nextivity's HPUE product line is expected to bolster this platform, particularly in supporting FirstNet customers, with anticipated revenue contributions expanding by the end of 2026. Airgain foresees the automotive market returning to growth in 2026, driven by increasing contributions from its AirgainConnect platform.
- Expansion and Commercialization of the Lighthouse Platform: The Lighthouse 5G Smart Network Controlled Repeater has obtained FCC certification, enabling its deployment across the United States. International trials in regions like the Middle East and South America are also underway, with expectations for meaningful revenue contributions from these deployments in the second half of 2026. The enterprise market is expected to experience growth in 2026, partly due to revenue generated by the Lighthouse platform.
- Growth in Embedded Modems and IoT Solutions for the Enterprise Market: Airgain projects continued double-digit growth in its embedded modem sales, which already account for more than half of its enterprise market revenue. This growth is anticipated to come from increasing demand in utility infrastructure monitoring. Furthermore, the newly launched Skywire Cat 1-bis embedded modem is expected to be a key growth driver in 2026, particularly for industrial infrastructure and robotics applications. The company has also secured a $4 million purchase order from a leading IoT solution provider, with shipments slated within the next 12 months.
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Share Repurchases
- Airgain's Board of Directors extended an existing share repurchase program through September 9, 2021.
- Under this program, approximately $1.6 million of shares of common stock were repurchased by September 9, 2020.
- As of September 9, 2020, Airgain remained authorized to repurchase up to approximately $5.4 million of its common stock through the extended period.
Share Issuance
- In July 2025, Airgain's board approved an amendment to its 2021 Employment Inducement Incentive Award Plan, increasing the total shares reserved for issuance from 700,000 to 1,100,000 for employment inducement awards.
- In February 2026, insider sales by the CEO and CFO were reported to cover tax withholding obligations stemming from the vesting and settlement of restricted stock units.
- Also in February 2026, directors Kiva Allgood and Thomas Munro were awarded new Restricted Stock Units (RSUs) and stock option grants.
Outbound Investments
- Airgain and Nextivity Inc. entered into a strategic partnership in March 2026 for co-developing next-generation integrated 4G/5G solutions.
Capital Expenditures
- In the last 12 months (prior to March 2026), Airgain's capital expenditures amounted to approximately -$166,000.
- The company's operating model for 2026 emphasizes being "capital-efficient" while focusing on scaling platforms and converting customer engagement into commercial deployments.
Peer Outperformance in Communications Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 37.5% | 145.2% | 232.4% | TTMI 655% · FLEX 519% · JBL 355% |
| Semiconductor Materials & Equipment | 27 | 58.3% | 82.3% | 91.1% | AXTI 585% · KLAC 411% · LRCX 394% |
| Technology Distributors | 9 | 42.1% | 93.1% | 82.5% | AVT 177% · SNX 154% · CNXN 112% |
| Communications Equipment ← | 36 | 4.1% | 107.5% | 63.7% | AAOI 928% · LITE 902% · ANET 646% |
| Electronic Components | 26 | -2.5% | 76.6% | 53.3% | CLS 3161% · BELFA 1221% · APH 317% |
| Semiconductors | 54 | 9.8% | 42.5% | 31.9% | MU 1263% · NVDA 882% · AVGO 618% |
| Technology Hardware, Storage & Peripherals | 21 | 11.9% | 72.7% | 23.7% | SMCI 906% · STX 876% · DELL 841% |
| Electronic Equipment & Instruments | 27 | -15.3% | 25.6% | -3.9% | PI 219% · OSIS 106% · KEYS 93% |
| Internet Services & Infrastructure | 6 | -0.9% | 47.8% | -5.2% | GDDY 56% · VRSN 45% · DOCN 6% |
| IT Consulting & Other Services | 29 | -21.4% | 1.0% | -23.5% | CHRN 437268% · INOD 472% · APLD 428% |
| Application Software | 126 | -21.3% | -7.8% | -46.2% | PLTR 714% · FROG 172% · AGYS 121% |
| Systems Software | 69 | -15.8% | 26.3% | -50.6% | ZETA 309% · CRWD 237% · FTNT 160% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Airgain Earnings Notes | 12/16/2025 | |
| How Low Can Airgain Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.70 |
| Mkt Cap | 30.5 |
| Rev LTM | 9,747 |
| Op Inc LTM | 1,976 |
| FCF LTM | 1,656 |
| FCF 3Y Avg | 1,517 |
| CFO LTM | 2,208 |
| CFO 3Y Avg | 1,960 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | -0.8% |
| Rev Chg Q | 11.6% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Inc Chg LTM | 21.5% |
| Op Inc Chg 3Y Avg | 9.5% |
| Op Mgn LTM | 8.2% |
| Op Mgn 3Y Avg | 6.8% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 8.1% |
| CFO/Rev 3Y Avg | 11.3% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 6.8% |
Price Behavior
| Market Price | $4.07 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/12/2016 | |
| Distance from 52W High | -44.9% | |
| 50 Days | 200 Days | |
| DMA Price | $4.93 | $5.49 |
| DMA Trend | down | up |
| Distance from DMA | -17.5% | -25.9% |
| 3M | 1YR | |
| Volatility | 52.0% | 60.3% |
| Downside Capture | 160.96 | 56.56 |
| Upside Capture | -95.57 | 44.15 |
| Correlation (S&P 500) | 17.2% | 13.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.60 | 0.32 | 0.60 | 1.09 | 0.58 | 0.70 |
| Up Beta | 1.40 | 0.18 | 0.86 | 0.60 | 0.22 | 0.42 |
| Down Beta | 1.16 | 1.52 | 0.27 | 1.61 | 1.04 | 1.03 |
| Up Capture | 28% | -24% | 3% | 78% | 54% | 36% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 12 | 18 | 27 | 56 | 110 | 349 |
| Down Capture | 87% | 124% | 144% | 146% | 61% | 89% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 8 | 21 | 34 | 64 | 128 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRG | |
|---|---|---|---|---|
| AIRG | -2.4% | 60.3% | 0.18 | - |
| Sector ETF (XLK) | 31.5% | 26.5% | 1.00 | 13.9% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 13.7% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 6.6% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -1.5% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 3.9% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 5.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRG | |
|---|---|---|---|---|
| AIRG | -20.1% | 63.6% | -0.08 | - |
| Sector ETF (XLK) | 20.9% | 26.0% | 0.71 | 19.6% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 21.5% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 7.0% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 4.6% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 16.7% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 15.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AIRG | |
|---|---|---|---|---|
| AIRG | -12.4% | 63.1% | 0.06 | - |
| Sector ETF (XLK) | 24.3% | 25.0% | 0.88 | 24.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 26.8% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 5.5% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 7.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 20.3% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -0.3% | -7.5% | -8.2% |
| 5/6/2026 | 2.8% | -5.7% | -3.7% |
| 2/26/2026 | -9.4% | -11.5% | 15.0% |
| 11/12/2025 | -19.6% | 7.6% | 6.0% |
| 8/6/2025 | 0.0% | 5.1% | 0.9% |
| 5/7/2025 | 0.1% | -0.6% | -0.9% |
| 2/27/2025 | -5.5% | -16.8% | -37.3% |
| 11/12/2024 | -9.1% | -12.5% | -19.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 6 | 11 |
| # Negative | 15 | 18 | 13 |
| Median Positive | 4.3% | 10.2% | 6.0% |
| Median Negative | -6.7% | -8.6% | -8.2% |
| Max Positive | 17.8% | 16.0% | 17.5% |
| Max Negative | -46.0% | -22.0% | -37.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -0.3% | -7.5% | -8.2% |
| 5/6/2026 | 2.8% | -5.7% | -3.7% |
| 2/26/2026 | -9.4% | -11.5% | 15.0% |
| 11/12/2025 | -19.6% | 7.6% | 6.0% |
| 8/6/2025 | 0.0% | 5.1% | 0.9% |
| 5/7/2025 | 0.1% | -0.6% | -0.9% |
| 2/27/2025 | -5.5% | -16.8% | -37.3% |
| 11/12/2024 | -9.1% | -12.5% | -19.4% |
| 8/6/2024 | -1.4% | 11.9% | 16.5% |
| 5/8/2024 | -0.2% | -2.1% | 0.8% |
| 3/6/2024 | 8.2% | 16.0% | 17.5% |
| 11/9/2023 | -46.0% | -8.4% | 8.4% |
| 8/10/2023 | -6.2% | -10.9% | -5.6% |
| 5/11/2023 | -1.5% | -6.8% | 4.5% |
| 3/9/2023 | -22.6% | -19.6% | -18.7% |
| 11/10/2022 | 5.5% | -0.6% | -2.6% |
| 8/11/2022 | 4.0% | -0.7% | -5.8% |
| 5/10/2022 | 6.4% | 13.6% | 8.2% |
| 2/24/2022 | 17.8% | 8.6% | 0.9% |
| 11/9/2021 | -12.0% | -8.9% | -8.2% |
| 8/10/2021 | -13.4% | -22.0% | -21.6% |
| 5/6/2021 | -4.2% | -19.2% | -12.3% |
| 2/18/2021 | 4.3% | -12.1% | -11.6% |
| 11/5/2020 | -6.7% | -5.5% | 1.5% |
| SUMMARY STATS | |||
| # Positive | 9 | 6 | 11 |
| # Negative | 15 | 18 | 13 |
| Median Positive | 4.3% | 10.2% | 6.0% |
| Median Negative | -6.7% | -8.6% | -8.2% |
| Max Positive | 17.8% | 16.0% | 17.5% |
| Max Negative | -46.0% | -22.0% | -37.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/20/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/20/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/21/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 GAAP Net Loss Per Share | Reported | -0.03 | -57.1% | Higher New | Guidance: -0.07 for Q2 2026 | |||
| Q3 2026 Revenue | Reported | 14.25 Mil | 15.25 Mil | 16.25 Mil | 13.0% | Higher New | Guidance: 13.50 Mil for Q2 2026 | |
| Q3 2026 Gross Profit | Calculated | 5.91 Mil | 6.56 Mil | 7.23 Mil | Rev x Gross Margin | |||
| Q3 2026 GAAP Gross Margin | Reported | 40.8% | 42.3% | 43.8% | -0.8% | Lower New | Guidance: 43.1% for Q2 2026 | |
| Q3 2026 Non-GAAP Gross Margin | Reported | 41.5% | 43.0% | 44.5% | -1.0% | Lower New | Guidance: 44.0% for Q2 2026 | |
| Q3 2026 GAAP Operating Expense | Reported | 6.80 Mil | 3.0% | Higher New | Guidance: 6.60 Mil for Q2 2026 | |||
| Q3 2026 Non-GAAP Operating Expense | Reported | 6.00 Mil | 3.4% | Higher New | Guidance: 5.80 Mil for Q2 2026 | |||
| Q3 2026 Operating Income | Calculated | -86,250 | 0.56 Mil | 1.23 Mil | Rev x Gross Margin - Opex | |||
| Q3 2026 Operating Margin | Calculated | -0.61% | 3.66% | 7.58% | Implied by guided Rev/GM/Opex | |||
| Q3 2026 Adjusted EBITDA | Reported | 0.70 Mil | 250.0% | Higher New | Guidance: 0.20 Mil for Q2 2026 | |||
| Q3 2026 Non-GAAP Net Income Per Share | Reported | 0.04 | 300.0% | Higher New | Guidance: 0.01 for Q2 2026 | |||
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 GAAP Net Loss Per Share | Reported | -0.07 | -58.8% | Higher New | Guidance: -0.17 for Q1 2026 | |||
| Q2 2026 Revenue | Reported | 12.50 Mil | 13.50 Mil | 14.50 Mil | 17.4% | Higher New | Guidance: 11.50 Mil for Q1 2026 | |
| Q2 2026 GAAP Gross Margin | Reported | 41.6% | 43.1% | 44.6% | -0.7% | Lower New | Guidance: 43.8% for Q1 2026 | |
| Q2 2026 Non-GAAP Gross Margin | Reported | 42.5% | 44.0% | 45.5% | -1.0% | Lower New | Guidance: 45.0% for Q1 2026 | |
| Q2 2026 GAAP Operating Expenses | Reported | 6.60 Mil | -7.0% | Lower New | Guidance: 7.10 Mil for Q1 2026 | |||
| Q2 2026 Non-GAAP Operating Expenses | Reported | 5.80 Mil | -3.3% | Lower New | Guidance: 6.00 Mil for Q1 2026 | |||
| Q2 2026 Adjusted EBITDA | Reported | 0.20 Mil | -128.6% | Higher New | Guidance: -0.70 Mil for Q1 2026 | |||
| Q2 2026 Non-GAAP Net Income Per Share | Reported | 0.01 | -114.3% | Higher New | Guidance: -0.07 for Q1 2026 | |||
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 GAAP Net Loss Per Share | Reported | -0.17 | 30.8% | Lower New | Guidance: -0.13 for Q4 2025 | |||
| Q1 2026 Non-GAAP Net Loss Per Share | Reported | -0.07 | Lower New | Guidance: 0 for Q4 2025 | ||||
| Q1 2026 Revenue | Reported | 10.50 Mil | 11.50 Mil | 12.50 Mil | -11.5% | Lower New | Guidance: 13.00 Mil for Q4 2025 | |
| Q1 2026 Gross Profit | Calculated | 4.57 Mil | 5.17 Mil | 5.81 Mil | Rev x Gross Margin | |||
| Q1 2026 GAAP Gross Margin | Reported | 42.3% | 43.8% | 45.3% | 1.0% | Higher New | Guidance: 42.8% for Q4 2025 | |
| Q1 2026 Non-GAAP Gross Margin | Reported | 43.5% | 45.0% | 46.5% | 1.0% | Higher New | Guidance: 44.0% for Q4 2025 | |
| Q1 2026 GAAP Operating Expense | Reported | 7.10 Mil | -1.4% | Lower New | Guidance: 7.20 Mil for Q4 2025 | |||
| Q1 2026 Non-GAAP Operating Expense | Reported | 6.00 Mil | 3.4% | Higher New | Guidance: 5.80 Mil for Q4 2025 | |||
| Q1 2026 Operating Income | Calculated | -1.43 Mil | -0.82 Mil | -0.19 Mil | Rev x Gross Margin - Opex | |||
| Q1 2026 Operating Margin | Calculated | -13.64% | -7.17% | -1.5% | Implied by guided Rev/GM/Opex | |||
| Q1 2026 Adjusted EBITDA | Reported | -0.70 Mil | -8 | Lower New | Guidance: 0.10 Mil for Q4 2025 | |||
Q3 2025 Earnings Reported 11/12/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | Reported | 12.00 Mil | 13.00 Mil | 14.00 Mil | -7.1% | Lowered | Guidance: 14.00 Mil for Q3 2025 | |
| Q4 2025 Gross Profit | Calculated | 5.10 Mil | 5.72 Mil | 6.37 Mil | Rev x Gross Margin | |||
| Q4 2025 GAAP Gross Margin | Reported | 41.3% | 42.8% | 44.3% | -0.1% | Lowered | Guidance: 42.9% for Q3 2025 | |
| Q4 2025 Non-GAAP Gross Margin | Reported | 42.5% | 44.0% | 45.5% | 0 | Affirmed | Guidance: 44.0% for Q3 2025 | |
| Q4 2025 GAAP Operating Expenses | Reported | 7.20 Mil | -6.5% | Lowered | Guidance: 7.70 Mil for Q3 2025 | |||
| Q4 2025 Non-GAAP Operating Expenses | Reported | 5.80 Mil | -4.9% | Lowered | Guidance: 6.10 Mil for Q3 2025 | |||
| Q4 2025 Operating Income | Calculated | -0.70 Mil | -80,000 | 0.57 Mil | Rev x Gross Margin - Opex | |||
| Q4 2025 Operating Margin | Calculated | -5.83% | -0.62% | 4.07% | Implied by guided Rev/GM/Opex | |||
| Q4 2025 Adjusted EBITDA | Reported | 0.10 Mil | -50.0% | Lowered | Guidance: 0.20 Mil for Q3 2025 | |||
| Q4 2025 GAAP EPS | Reported | -0.13 | 1.0% | Raised | Guidance: -0.14 for Q3 2025 | |||
| Q4 2025 Non-GAAP EPS | Reported | 0 | -1 | -1.0% | Lowered | Guidance: 0.01 for Q3 2025 | ||
Insider Activity
Updated 10/5/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Memmen, Stephan D | Direct | Buy | 10052026 | 4.55 | 1,500 | 6,825 | 256,602 | Form | |
| 2 | Suen, Jacob | President and CEO | Direct | Sell | 9042026 | 5.20 | 1,000 | 5,200 | 1,453,041 | Form |
| 3 | Sims, James K | Direct | Buy | 9022026 | 5.11 | 8,269 | 42,255 | 2,339,016 | Form | |
| 4 | Sims, James K | Direct | Buy | 9022026 | 5.31 | 6,731 | 35,742 | 2,386,654 | Form | |
| 5 | Suen, Jacob | President and CEO | Direct | Sell | 6022026 | 7.04 | 1,000 | 7,040 | 1,974,234 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Memmen, Stephan D | Direct | Buy | 10052026 | 4.55 | 1,500 | 6,825 | 256,602 | Form | |
| 2 | Suen, Jacob | President and CEO | Direct | Sell | 9042026 | 5.20 | 1,000 | 5,200 | 1,453,041 | Form |
| 3 | Sims, James K | Direct | Buy | 9022026 | 5.11 | 8,269 | 42,255 | 2,339,016 | Form | |
| 4 | Sims, James K | Direct | Buy | 9022026 | 5.31 | 6,731 | 35,742 | 2,386,654 | Form | |
| 5 | Suen, Jacob | President and CEO | Direct | Sell | 6022026 | 7.04 | 1,000 | 7,040 | 1,974,234 | Form |
| 6 | Suen, Jacob | President and CEO | Direct | Sell | 5152026 | 6.51 | 4,573 | 29,773 | 1,832,313 | Form |
| 7 | Elbaz, Michael | Chief Financial Officer | Direct | Sell | 5142026 | 6.77 | 3,787 | 25,629 | 917,064 | Form |
| 8 | Elbaz, Michael | Chief Financial Officer | Direct | Sell | 5142026 | 6.98 | 1,487 | 10,379 | 972,279 | Form |
| 9 | Suen, Jacob | President and CEO | Direct | Sell | 5052026 | 7.03 | 1,000 | 7,030 | 1,978,460 | Form |
| 10 | Sadri, Ali | Former CTO | Direct | Sell | 4212026 | 6.21 | 1,000 | 6,210 | 771,673 | Form |
| 11 | Suen, Jacob | President and CEO | Direct | Sell | 4022026 | 5.51 | 1,000 | 5,510 | 1,556,195 | Form |
| 12 | Suen, Jacob | President and CEO | Direct | Sell | 3242026 | 5.00 | 1,000 | 5,000 | 1,417,155 | Form |
| 13 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 3242026 | 5.00 | 1,000 | 5,000 | 626,315 | Form |
| 14 | Elbaz, Michael | Chief Financial Officer | Direct | Sell | 3242026 | 4.12 | 12,769 | 52,598 | 579,901 | Form |
| 15 | Suen, Jacob | President and CEO | Direct | Sell | 3242026 | 4.12 | 37,314 | 153,704 | 1,171,628 | Form |
| 16 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 3242026 | 4.12 | 13,638 | 56,178 | 520,103 | Form |
| 17 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 3062026 | 4.16 | 1,228 | 5,106 | 506,416 | Form |
| 18 | Suen, Jacob | President and CEO | Direct | Sell | 3062026 | 4.16 | 3,704 | 15,400 | 1,176,342 | Form |
| 19 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 2192026 | 5.28 | 1,000 | 5,277 | 649,279 | Form |
| 20 | Suen, Jacob | President and CEO | Direct | Sell | 2112026 | 5.07 | 888 | 4,506 | 1,454,529 | Form |
| 21 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 2112026 | 5.24 | 881 | 4,619 | 650,240 | Form |
| 22 | Suen, Jacob | President and CEO | Direct | Sell | 2112026 | 5.01 | 6,112 | 30,602 | 1,439,570 | Form |
| 23 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 2112026 | 5.01 | 2,119 | 10,615 | 625,742 | Form |
| 24 | Suen, Jacob | President and CEO | Direct | Sell | 1222026 | 4.00 | 15,993 | 63,908 | 1,173,365 | Form |
| 25 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 1222026 | 4.00 | 4,733 | 18,914 | 507,650 | Form |
| 26 | Elbaz, Michael | Chief Financial Officer | Direct | Sell | 1222026 | 4.00 | 4,587 | 18,330 | 531,905 | Form |
| 27 | Suen, Jacob | President and CEO | Direct | Sell | 11262025 | 3.99 | 2,070 | 8,258 | 1,235,261 | Form |
| 28 | Sadri, Ali | Chief Technology Officer | Direct | Sell | 11262025 | 3.99 | 976 | 3,894 | 525,655 | Form |
| 29 | Elbaz, Michael | Chief Financial Officer | Direct | Sell | 11262025 | 3.99 | 4,820 | 19,229 | 549,326 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Communications Equipment Resources |
| Light Reading |
| Fierce Network |
| Telecoms.com |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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