AIRG

EX-99.1

2 airg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Airgain® Reports First Quarter 2026 Financial Results

Q1 highlighted by continued operational execution across core business and growth platforms

SAN DIEGO, CA, May 6, 2026 – Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, today reported financial results for the first quarter ended March 31, 2026.

“The first quarter marked a solid start to 2026 as we began converting the strategic groundwork we laid last year into broader commercial momentum across the business,” said Jacob Suen, President and CEO of Airgain. “During the quarter, we secured a multi-year Tier 1 North American MNO design win for a next-generation 5G home connectivity platform, received a $4 million follow-on IoT order from a leading solutions provider, expanded our IoT presence in robotics through a new design win with Coco Robotics. We also expanded our AirgainConnect offering with the acquisition of the HPUE product line and entered a strategic partnership with Nextivity to advance integrated 4G and 5G coverage solutions. These developments reflect growing validation of Airgain’s connectivity portfolio across the consumer, enterprise IoT, automotive, and infrastructure market applications. While first quarter revenue reflected seasonal dynamics in the consumer market, we were encouraged by the sequential growth in the enterprise and automotive markets and the continued progress in our growth platforms”.

First Quarter 2026 and Recent Operational Highlights

• Acquired high-power user equipment (HPUE) product line assets from Nextivity, expanding Airgain’s portfolio and strengthening its vehicle gateway capabilities

• Entered a strategic partnership with Nextivity to co-develop integrated 4G/5G coverage solutions for challenging indoor and outdoor environments

• Secured a multi-year, multi-million-dollar embedded antenna design win for a next-generation 5G home connectivity platform with a Tier 1 North American MNO, with production units anticipated later this year

• Received a $4 million purchase order from a leading Internet of Things (IoT) solutions provider, with shipments expected to be completed this year

• Secured a design win with Coco Robotics for next-generation autonomous delivery platforms, representing a multi-million-dollar opportunity over the life of the rollout

First Quarter 2026 Financial Highlights

GAAP

• Sales of $11.5 million

• GAAP gross margin of 43.2%

• GAAP operating expenses of $7.1 million

• GAAP net loss of $1.9 million or $(0.15) per share

Non-GAAP

• Non-GAAP gross margin of 44.2%

• Non-GAAP operating expenses of $6.1 million

• Non-GAAP net loss of $1.0 million or $(0.08) per share

• Adjusted EBITDA of ($0.9) million

1

First Quarter 2026 Financial Results

Sales for the first quarter of 2026 were $11.5 million, compared to $12.1 million in the fourth quarter of 2025 and $12.0 million in the first quarter of 2025. First quarter 2026 revenue consisted of $5.6 million from the consumer market, $5.0 million from the enterprise market, and $0.9 million from the automotive market. Sequentially, sales declined $0.6 million or 5.0%, primarily due to seasonal decline in the consumer market, where revenue decreased by $1.7 million from the fourth quarter of 2025. This was partially offset by a $0.7 million increase in enterprise sales, driven by higher embedded modems sales, and a $0.4 million increase in automotive sales, driven by vehicle gateway shipments. Compared to the prior-year quarter, sales declined $0.5 million, or 4.2%, primarily reflecting a $0.8 million decrease in consumer revenue and a $0.4 million decrease in automotive revenue, partially offset by a $0.7 million increase in enterprise revenue.

GAAP gross profit for the first quarter of 2026 was $5.0 million, compared to $5.4 million for the fourth quarter of 2025 and $5.2 million for the same quarter a year ago. Non-GAAP gross profit for the first quarter of 2026 was $5.1 million, compared to $5.6 million for the fourth quarter of 2025 and $5.3 million for the same quarter a year ago (see note regarding "Use of Non-GAAP Financial Measures" below for further discussion of this non-GAAP measure).

GAAP gross margin for the first quarter of 2026 was 43.2%, compared to 44.8% for the fourth quarter of 2025 and 43.0% for the same quarter a year ago. The sequential decline was primarily driven by lower enterprise gross margin due to unfavorable product mix. Non-GAAP gross margin for the first quarter of 2026 was 44.2% compared to 46.3% for the fourth quarter of 2025 and 44.3% for the same quarter a year ago (see note regarding "Use of Non-GAAP Financial Measures" below for further discussion of this non-GAAP measure).

GAAP operating expenses for the first quarter of 2026 were $7.1 million, compared to $7.9 million for the fourth quarter of 2025 and $8.3 million for the same quarter a year ago. Operating expenses for the first quarter of

8-K

false0001272842AIRGAIN, INCNONE00012728422026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2026

AIRGAIN, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-37851

95-4523882

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3611 Valley Centre Drive Suite 150

San Diego, California

92130

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 760-579-0200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

AIRG

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On February 26, 2026, Airgain, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of this press release is attached hereto as Exhibit 99.1. In accordance with General Instructions B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Current Report on Form 8-K.

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.

Description

99.1

Press Release dated February 26, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AIRGAIN, INC.

Date: February 26, 2026

/s/ Michael Elbaz

Michael Elbaz Chief Financial Officer and Secretary

8-K

0001272842falseAIRGAIN, INCNONE00012728422025-11-122025-11-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 12, 2025

AIRGAIN, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-37851

95-4523882

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3611 Valley Centre Drive Suite 150

San Diego, California

92130

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 760-579-0200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.0001 per share

AIRG

Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On November 12, 2025, Airgain, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of this press release is attached hereto as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.

Description

99.1

Press Release dated November 12, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AIRGAIN, INC.

Date: November 12, 2025

/s/ Michael Elbaz

Michael Elbaz Chief Financial Officer and Secretary