TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
On March 13, 2025, Jacob Suen, the President and CEO of Airgain Inc . (NASDAQ:AIRG), executed a series of transactions involving the company’s common stock. Suen sold 120 shares at a price of $4.66 per share, totaling approximately $559. This sale followed an exercise of stock options, where he acquired 120 shares at $2 per share, amounting to a total acquisition cost of $240. The transaction occurs as Airgain trades near its 52-week low of $4.35, with the stock down nearly 39% over the past six months. According to InvestingPro analysis, the company appears undervalued at current levels.
Following these transactions, Suen’s direct ownership of Airgain’s common stock stands at 229,999 shares. The exercised stock options were originally granted under the 2013 Equity Incentive Plan and were nearing expiration. While the company maintains strong liquidity with a current ratio of 1.91 and holds more cash than debt, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Airgain’s financial health and market position.
In other recent news, Airgain Inc. reported its fourth-quarter 2024 earnings, showing a revenue of $15.1 million, which fell short of the anticipated $17.2 million. Despite this, the company demonstrated a positive trend in gross margins, which improved for the fourth consecutive quarter, reaching 43.4%. Full-year revenue for 2024 was $60.6 million, an 8% increase from the previous year, indicating an upward trajectory despite the quarterly shortfall. Airgain is projecting first-quarter 2025 sales between $11 million and $13 million, with expectations of continued gross margin improvements. The company is focusing on strategic partnerships and product launches, including its Lighthouse solution, which is expected to drive growth in the latter half of 2025. Analysts have noted the company’s transition from a component supplier to a wireless systems solutions provider, which has increased its average selling price. Airgain’s strategic initiatives and partnerships, such as the one with Omontel, are designed to expand its market reach and drive future revenue growth.
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