Morad Sbahi
Morad Sbahi, the Chief Revenue Officer of Airgain, Inc. (the “Company”), resigned from his position and his employment with the Company, effective June 12, 2023.
Highest-materiality recent filing
Airgain Q2 revenue $13.7M, up 19% sequentially; adjusted EBITDA turns positive at $0.4M
Revenue $13.7M, up 19% sequentially from $11.5M; enterprise IoT modem shipments drove growth.
Airgain shareholders elect two Class I directors and ratify auditor at 2026 Annual Meeting
Class I directors James K. Sims and Tzau-Jin Chung elected; Chung got 3.19M for, Sims 2.76M for with more withheld.
Airgain Q1 net loss $1.9M on revenue $11.5M; revenue down 4% YoY
Q1 sales $11.5M (-4% YoY); GAAP net loss $1.9M ($0.15 diluted EPS); Non-GAAP net loss $1.0M ($0.08 EPS).
Airgain terminates CTO Ali Sadri, eliminates Office of the CTO
Termination effective April 17, 2026; Dr. Sadri to receive $325k lump sum severance (12 months base salary).
Airgain Q4 revenue $12.1M (-19.6% YoY); GAAP net loss $2.4M; acquires Nextivity HPUE assets
Q4 revenue $12.1M, down 19.6% YoY; GAAP EPS loss $0.20; non-GAAP EPS loss $0.03.
Airgain Q3 2025 revenue $14.0M, up 2.9% QoQ; positive adjusted EBITDA $0.3M
Revenue $14.0M, down 12.9% YoY but up 2.9% sequentially from $13.6M in Q2 2025.
Airgain Q2 2025: Revenue $13.6M, net loss $1.5M; targets H2 profitability
Q2 revenue $13.6M, up 13.4% sequentially but down 10.3% YoY from $15.2M.
Airgain board approves 57% increase in inducement award share pool to 1.1M shares
Board amended 2021 Employment Inducement Incentive Award Plan on July 15, 2025.
Elected Class III directors Kiva A. Allgood, Thomas A. Munro, Jacob Suen; for votes: 2.82M, 3.29M, 2.82M; broker non-votes 4.94M.
Airgain Q1 net loss $1.5M, sales $12.0M down 15.6% YoY
Sales $12.0M, down 15.6% YoY ($14.2M) and 20.4% QoQ ($15.1M).
Airgain Q4 2024 sales $15.1M up 50% YoY; GAAP net loss $2.0M
GAAP net loss $2.0M ($0.17 EPS); Non-GAAP net income $33K ($0.00 EPS); Adjusted EBITDA $0.2M.
Preliminary Q4 2024 sales range $14.6M-$15.6M (midpoint $15.1M); impacted by channel excess inventory and two IoT project delays.
Airgain extends corporate HQ lease to Sept 2031; annual rent $699K starting Jan 2025
Lease term extended from Nov 30, 2025 to Sept 30, 2031; no further extension right.
Airgain Q3 2024 revenue $16.1M, up 6% sequentially; GAAP net loss $(0.16)/share
Revenue of $16.1M, up 6.0% from Q2 2024 and 17.6% YoY; consumer segment led growth.
Airgain Q2 2024 sales $15.2M (+7% seq.), GAAP net loss $2.5M (-$0.23/share)
GAAP net loss of $2.5M or $(0.23) per share; Non-GAAP net loss $0.6M or $(0.05).
Joan H. Gillman elected with 3,787,433 votes for; Arthur M. Toscanini with 3,875,418 votes for.
Airgain Q1 2024 revenue $14.2M, net loss $2.5M; sequential sales up 41%
GAAP net loss $2.5M ($0.23 loss per share); non-GAAP net loss $0.8M ($0.08 loss per share).
Airgain enters $5M at-the-market equity sales agreement with Craig-Hallum
Max aggregate offering of $5.0M in common stock via ATM facility.
Airgain Q4 2023 revenue $10.1M, down 49% YoY; GAAP net loss $5.5M
Q4 2023 sales of $10.1M, down 26.5% from Q3 and 49.4% YoY; enterprise $4.6M, consumer $3.2M, automotive $2.3M.
Airgain reports Q3 sales of $13.7M, net loss of $1.9M; revenue down 28.7% YoY
GAAP net loss of $1.9M ($0.18 per share).
Airgain Q2 2023 sales $15.8M, GAAP net loss $0.21 per share, down 17.9% YoY
Sales decreased 17.9% YoY to $15.8M from $19.3M; enterprise down $1.8M, automotive down $1.9M.
James K. Sims elected with 2,647,244 votes for, 3,760,583 withheld; Tzau-Jin Chung with 2,941,018 for, 3,466,809 withheld.
Airgain Chief Revenue Officer Morad Sbahi resigns, receives $275K severance
Morad Sbahi resigned as CRO effective June 12, 2023; had been on leave since April 1.
Airgain Q1 revenue $16.4M, GAAP net loss $2.9M; sales down 17% sequentially
Revenue $16.4M, down 17.3% sequentially ($19.9M Q4) and 6.2% YoY ($17.5M Q1 2022).
Airgain CRO Morad Sbahi takes temporary leave; CEO Jacob Suen assumes duties
Morad Sbahi, Chief Revenue Officer, taking temporary leave from April 1, 2023 for personal matters.
Airgain Q4 sales record $19.9M (+41% YoY); GAAP net loss $3.2M
Sales $19.9M, up 4% QoQ and 41% YoY; FY22 sales $75.9M, +18% YoY.
Airgain board adopts amended bylaws updating proxy solicitation and stockholder nomination rules
Amended bylaws address SEC universal proxy rules, requiring compliance with Rule 14a-19 for proxy solicitations supporting non-board nominees.
Airgain reports Q3 2022 sales of $19.2M, up 24% YoY; non-GAAP net income $0.6M
Sales $19.2M, up 24% YoY; GAAP net loss $1.3M ($0.13 per share).
Airgain appoints Michael Elbaz as CFO, increases inducement plan shares to 700K
Michael Elbaz appointed CFO and Secretary, replacing Jacob Suen as principal financial and accounting officer.
Airgain appoints Michael Elbaz as CFO; increases inducement plan shares to 700K
Appointed Michael Elbaz as CFO and Secretary, effective Oct 17, 2022; replaces Jacob Suen as principal financial officer.
Airgain reports record Q2 sales of $19.3M, first positive adjusted EBITDA in over a year
Record sales of $19.3M, up 10.3% sequentially and 11.6% YoY.
Airgain stockholders elect directors and ratify auditor at 2022 Annual Meeting
Class III directors Jacob Suen, Kiva A. Allgood, and Thomas A. Munro elected with 3.9M, 3.9M, and 3.1M votes for, respectively.
Airgain Q1 revenue $17.5M, seq +23.9%; GAAP net loss $2.5M
Sales $17.5M, up 23.9% from Q4 2021 ($14.1M), nearly flat vs Q1 2021 ($17.4M).
Airgain appoints Grant Thornton as auditor, replacing KPMG, effective after Q1 2022 10-Q
Audit Committee appointed Grant Thornton as independent auditor for FY 2022, effective after Q1 2022 10-Q filing.
Airgain appoints Grant Thornton as new auditor, replacing KPMG
Audit Committee approved Grant Thornton as independent auditor for FY 2022, effective after Q1 10-Q filing.
Airgain Q4 2021 net loss $4.6M; revenue $14.1M, up 10.2% YoY, down 8.5% QoQ
GAAP net loss of $4.6M ($0.46 per share); Non-GAAP net loss of $2.3M ($0.23 per share); Adjusted EBITDA of $(2.1)M.
Airgain enters $4.0M revolving credit facility with Silicon Valley Bank
Revolving line of credit for $4.0M; interest rate WSJ prime (3.25%) + 1.75%.
Airgain CFO David Lyle to depart March 1; Q4 revenue guidance narrowed to $14.0-$14.2M
CFO David Lyle resigns effective March 1, 2022; will consult until 10-K is filed.
Airgain Q3 2021 revenue $15.5M, GAAP loss $0.30/share, down QoQ
Sales of $15.5M, down 10.6% sequentially from Q2 $17.3M, up 18.8% YoY from $13.0M.
Airgain Q2 2021 revenue $17.3M up 51% YoY; GAAP net loss $2.6M
Sales $17.3M (+51% YoY, -0.5% QoQ); enterprise up $1.8M QoQ via NimbeLink.
Airgain appoints Kiva Allgood to Board; corrects option and RSU grants
Kiva Allgood appointed as Class III director, board expanded from 6 to 7 members.
Airgain appoints Kiva A. Allgood to board of directors, expands board to seven members
Kiva A. Allgood appointed as Class III director effective July 15, 2021; term expires at 2022 annual meeting.
Morad Sbahi, the Chief Revenue Officer of Airgain, Inc. (the “Company”), resigned from his position and his employment with the Company, effective June 12, 2023.
On March 29, 2023, Airgain, Inc. (the “Company”) announced that Morad Sbahi, the Company’s Chief Revenue Officer, will be taking a temporary leave of absence, effective April 1, 2023, to attend to personal matters.
Upon his appointment, Mr. Elbaz will replace Jacob Suen, the Company’s President and CEO, as principal financial and accounting officer
Appointment of Chief Financial Officer Effective October 17, 2022, the board of directors of the Company appointed Michael Elbaz as the Company’s Chief Financial Officer and Secretary.
Appointment of Chief Financial Officer Effective October 17, 2022, the board of directors of the Company appointed Michael Elbaz as the Company’s Chief Financial Officer and Secretary.
On February 8, 2022, Airgain also announced that on February 7, 2022, David Lyle, the Chief Financial Officer and Secretary of Airgain resigned from the Company, effective at the end of the day on March 1, 2022, to pursue another opportunity.
the Board approved an increase in its authorized size from six members to seven members and appointed Kiva A. Allgood as a director to fill the newly created vacancy on the Board.
the Board approved an increase in its authorized size from six members to seven members and appointed Kiva A. Allgood as a director to fill the newly created vacancy on the Board.
Max materiality 0.75 · Median 0.60 · Most common event earnings