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Airgain Inc (AIRG)



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Upturn Advisory Summary
09/16/2025: AIRG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7.5
1 Year Target Price $7.5
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 54.32% | Avg. Invested days 68 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 51.30M USD | Price to earnings Ratio - | 1Y Target Price 7.5 |
Price to earnings Ratio - | 1Y Target Price 7.5 | ||
Volume (30-day avg) 2 | Beta 0.81 | 52 Weeks Range 3.17 - 10.34 | Updated Date 09/16/2025 |
52 Weeks Range 3.17 - 10.34 | Updated Date 09/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.59 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -11.86% | Operating Margin (TTM) -14.68% |
Management Effectiveness
Return on Assets (TTM) -12.63% | Return on Equity (TTM) -21.97% |
Valuation
Trailing PE - | Forward PE 14.68 | Enterprise Value 45600501 | Price to Sales(TTM) 0.9 |
Enterprise Value 45600501 | Price to Sales(TTM) 0.9 | ||
Enterprise Value to Revenue 0.8 | Enterprise Value to EBITDA -5.64 | Shares Outstanding 11903300 | Shares Floating 10713433 |
Shares Outstanding 11903300 | Shares Floating 10713433 | ||
Percent Insiders 13.94 | Percent Institutions 32.22 |
Upturn AI SWOT
Airgain Inc

Company Overview
History and Background
Airgain Inc. was founded in 1995 and is headquartered in San Diego, California. It initially focused on antenna technology for cellular applications, evolving to provide wireless connectivity solutions across various industries.
Core Business Areas
- Embedded Antennas: Designs and manufactures embedded antenna solutions for a wide range of applications, including IoT devices, routers, and access points.
- External Antennas: Offers external antenna products for fleet and public safety markets, industrial and enterprise applications.
- Integrated Solutions: Provides integrated wireless solutions that combine antennas, wireless modules, and software.
Leadership and Structure
The CEO of Airgain Inc. is Jacob Suen. The company operates with a functional organizational structure, dividing responsibilities across sales, marketing, engineering, and operations.
Top Products and Market Share
Key Offerings
- Embedded Antennas for IoT: Embedded antennas for various IoT devices such as smart meters, trackers, and sensors. Airgain is a competitor with Fractus Antennas and Taoglas in this area. Market share data is not readily available without subscription services.
- Fleet and Public Safety Antennas: External antennas used in fleet management and public safety applications. Competitors include PCTEL and Laird Connectivity. Market share data is not readily available without subscription services.
Market Dynamics
Industry Overview
The wireless connectivity market is experiencing rapid growth, driven by the proliferation of IoT devices, increasing demand for high-speed data, and the expansion of wireless networks.
Positioning
Airgain Inc. is positioned as a provider of advanced antenna solutions for a range of wireless applications, focusing on performance and reliability. The company's competitive advantage lies in its expertise in antenna design and its ability to customize solutions for specific customer needs.
Total Addressable Market (TAM)
The total addressable market for wireless connectivity is estimated to be in the billions of dollars. Airgain Inc. is positioned to capture a portion of this market through its diverse product offerings and expertise in antenna technology. Specific TAM data for Airgain's particular market segments require proprietary data sources.
Upturn SWOT Analysis
Strengths
- Strong antenna design expertise
- Diverse product portfolio
- Customization capabilities
- Established relationships with key customers
Weaknesses
- Relatively small market share compared to larger competitors
- Dependence on a limited number of key customers
- Susceptible to supply chain disruptions
- Potential commoditization of antenna technology
Opportunities
- Expansion into new markets and applications
- Development of new antenna technologies
- Strategic acquisitions to expand product portfolio
- Increased demand for wireless connectivity in emerging markets
Threats
- Intense competition from larger players
- Rapid technological changes
- Economic downturns
- Geopolitical risks
Competitors and Market Share
Key Competitors
- PCTEL (PCTI)
- Laird Connectivity (Private)
- Taoglas (Private)
Competitive Landscape
Airgain faces competition from larger companies with more resources. Airgain differentiates itself through its focus on antenna design and customization.
Growth Trajectory and Initiatives
Historical Growth: Requires access to up-to-date financial databases.
Future Projections: Future projections require access to up-to-date analyst estimates and financial databases.
Recent Initiatives: Airgain has recently focused on expanding its product portfolio and strengthening its relationships with key customers.
Summary
Airgain Inc. is a relatively small player in the wireless connectivity market with expertise in antenna design. It is focused on expanding its product portfolio. Its strengths lie in its customization and focused approach, but it faces strong competition from larger companies. The company should look out for supply chain issues and the commoditization of antenna technology.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Financial databases (unavailable without subscription)
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share estimates are approximate and based on limited publicly available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Airgain Inc
Exchange NASDAQ | Headquaters San Diego, CA, United States | ||
IPO Launch date 2016-08-12 | President, CEO, Chief Revenue Officer & Director Mr. Jacob Suen | ||
Sector Technology | Industry Communication Equipment | Full time employees 121 | Website https://www.airgain.com |
Full time employees 121 | Website https://www.airgain.com |
Airgain, Inc. provides wireless connectivity solutions that offers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas. It offers embedded and NimbeLink embedded moderms; custom cellular solutions; cellular IoT development; cellular IoT development kits; SIM cards; and IoT data plans. In addition, the company offers 5G connectivity, portable 5G connectivity, smart repeaters, and fixed wireless access; asset tracking solutions, devices, and partners; and external antennas, fleet antennas, IoT antennas, network antennas, vehicle networking, partner solutions, and accessories. It serves industrial, consumer, automotive fleet, enterprise, energy, medical, transportation, agriculture, services, and public safety markets. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.

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