Anthony Stoss

Timothy Savageaux

Scott Searle

- Airgain (AIRG) is transitioning from a component-based provider to a complex wireless system solution provider, focusing on **vehicle gateways** and **smart network repeaters**.  **[0001272842_2194171_0]**  This strategic shift has doubled its market opportunity (SAM) from **$1.1 million in 2024 to $2.2 million in 2025**.  **[0001272842_2194171_0]** 
- The company's new growth platforms, including the AirgainConnect Fleet 5G Vehicle Gateway and Lighthouse 5G Smart Network Repeater, launched last year and have secured key certifications in 2025, such as **AT&T Net Trusted**, **T-Mobile T Priority**, and **FCC certification**.  **[0001272842_2194171_0]** **[0001272842_2194171_1]**  Shipment ramps for these platforms are anticipated in **2026**.  **[0001272842_2194171_0]** 
- Financially, Airgain reported Q1 2025 revenue of **$12 million** with an adjusted EBITDA loss of **$1.2 million**, which improved in Q2 2025 to a **$0.4 million** loss on slightly higher revenues.  **[0001272842_2194171_2]**  The company has guided Q3 2025 revenue to **$14 million** (midpoint) with an expectation of **breakeven to positive adjusted EBITDA**.  **[0001272842_2194171_2]**  Gross margins have improved to approximately **44%**.  **[0001272842_2194171_2]**

Airgain Updates on Strategic Transition, Growth Platforms, and Financials

- Airgain is strategically transitioning from a component-based provider to a complex wireless system solutions provider, which has **doubled its total addressable market (SAM) opportunity from $1.1 billion in 2024 to $2.2 billion in 2025**.  **[0001272842_2194188_0]** **[0001272842_2194188_1]** 
- Key growth platforms, the AirgainConnect vehicle gateway and Lighthouse smart network repeater, launched last year, with **2025 focused on certifications and customer trials**, and **shipment ramps anticipated in 2026**.  **[0001272842_2194188_0]** **[0001272842_2194188_1]** 
- The company reported **$25.5 million in sales for 2025** and has a current market valuation of approximately **$50 million**.  **[0001272842_2194188_0]** 
- For Q1 2025, Airgain recorded **$12 million in revenue** with an adjusted EBITDA loss of **$1.2 million**, and guided for **$14 million in revenue for Q3 2025** with breakeven to positive EBITDA.  **[0001272842_2194188_3]** 
- Gross margin has improved to **44% this year**, up from 38% two years ago, and the **quarterly breakeven point has been lowered to approximately $40 million**.  **[0001272842_2194188_3]**

AIRGAIN (AIRG)