Fubotv earnings beat by $0.10, revenue topped estimates
Airgain Inc . (NASDAQ:AIRG), a leading provider of advanced wireless connectivity technologies and systems with a market capitalization of $48.36 million, announced the results of its 2024 Annual Meeting of Stockholders held on June 11, 2025. The company’s stock has faced significant headwinds, declining nearly 50% over the past six months, though InvestingPro analysis suggests the stock may be undervalued at current levels. The San Diego-based company disclosed the outcomes of the stockholder vote in an 8-K filing with the Securities and Exchange Commission on Friday, June 13, 2025.
During the annual meeting, three key proposals were put forth for shareholder voting. The first proposal involved the election of Class III directors to serve a three-year term expiring at the 2028 Annual Meeting of Stockholders. The nominees for director positions included Kiva A. Allgood, Thomas A. Munro, and Jacob Suen. All nominees were elected based on the majority of votes cast for each candidate.
The second proposal was the ratification of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Shareholders approved the appointment with an overwhelming majority of the votes in favor.
The third and final proposal was an advisory vote on the compensation of the company’s named executive officers as outlined in the Proxy Statement. This proposal, often referred to as "say on pay," also received majority approval from the stockholders.
The detailed voting results for each nominee and proposal were as follows:
Proposal 1 - Election of Directors:
- Kiva A. Allgood received 2,817,260 votes for, 2,355,943 withheld, and 4,943,825 broker non-votes.
- Thomas A. Munro received 3,285,761 votes for, 1,887,442 withheld, and 4,943,825 broker non-votes.
- Jacob Suen received 2,824,338 votes for, 2,348,865 withheld, and 4,943,825 broker non-votes.
Proposal 2 - Ratification of Independent (LON:IOG) Registered Public Accounting Firm:
- For: 10,073,492 votes
- Against: 21,172 votes
- Abstain: 22,364 votes
- Broker Non-Votes: Not applicable
Proposal 3 - Advisory Vote on Executive Compensation:
- For: 2,685,084 votes
- Against: 2,476,510 votes
- Abstain: 11,609 votes
- Broker Non-Votes: 4,943,825 votes
The board of directors expressed its gratitude to the stockholders for their participation and support. The results from the Annual Meeting reflect the shareholders’ confidence in the company’s leadership and strategic direction. According to InvestingPro data, Airgain maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.11, though its overall financial health score remains challenged. For deeper insights into Airgain’s financial position and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Airgain Inc. reported its first-quarter 2025 financial results, revealing a larger-than-expected loss and revenue shortfall. The company posted an earnings per share of -$0.11, which fell short of the forecasted -$0.06, and reported revenue of $12 million, missing the anticipated $14.8 million. Despite these setbacks, Airgain maintains its focus on transforming into a high-value wireless solutions provider, with a projected sales rebound in the second quarter of 2025, targeting $12.5 to $14.5 million in revenue. The company also continues to focus on its AirgainConnect and Lighthouse platforms, anticipating positive adjusted EBITDA by the third quarter of 2025.
The firm secured a strategic agreement with Ormatia, a telecom operator in the Middle East, which includes commercial collaboration and joint marketing efforts. This partnership is expected to contribute to revenue growth in the latter half of 2025. Analysts from firms such as Craig Hallum and ROTH Capital have engaged with Airgain’s leadership, discussing potential growth in the IoT and enterprise markets. The company is optimistic about its ongoing trials and partnerships, particularly in regions like the Middle East, Latin America, and Southeast Asia, which are expected to drive future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.