Urban Renewal - The central government has issued guidelines to promote urban renewal, focusing on eight main tasks including the renovation of existing buildings and the improvement of old neighborhoods [1] - The urban renewal market is projected to exceed 10 trillion yuan in 2024 and could reach 18-20 trillion yuan by 2030, driven by policy incentives, technological upgrades, and rising demand [1] Huawei's Foldable PC - Huawei has officially announced the launch of its foldable PC, set to be released on May 19, featuring a large foldable screen and the self-developed Kirin X90 chip [2] - The global market for foldable devices is expected to surpass 30 million units by 2025, with a compound annual growth rate of 67% [2] Military Simulation Technology - A breakthrough in military simulation technology has been achieved with the development of an AI-based system that can generate thousands of operational scenarios in seconds, significantly reducing planning time [3] - The military simulation market in China is projected to reach 30.25 billion yuan by 2027, supported by increased defense spending and structural changes [3] Star Flash AI Voice Module - The first commercial Star Flash AI voice module has been launched, enhancing short-distance smart interaction capabilities and applicable in various fields such as smart home appliances and industrial operations [4] - Star Flash technology is expected to disrupt the short-range wireless communication market due to its low latency and high reliability [4]

Financial Data and Key Metrics Changes - Total net revenue for Q1 2025 was $3.9 million, an increase from $3.7 million in the prior quarter and $2.8 million in Q1 2024 [20] - Product revenue from memory integrated circuits and millimeter wave products was $3.8 million in Q1 2025, compared to $3.7 million in the prior quarter and $2.7 million in Q1 2024 [20] - GAAP gross margin increased to 69.3% in Q1 2025 from 56.3% in the prior quarter and 46.4% in the year-ago quarter [21] - GAAP net loss for Q1 2025 was $500,000, or a loss of $0.10 per share, compared to a net loss of $1.6 million, or a loss of $0.37 per share in the prior quarter [23] Business Line Data and Key Metrics Changes - Millimeter wave product revenues were $1.5 million for Q1 2025, compared to $200,000 in the prior quarter and $300,000 in Q1 2024 [21] - The company achieved a significant increase in millimeter wave revenue, exceeding total revenue for the full year of 2024 in Q1 2025 [8] Market Data and Key Metrics Changes - The company reported nearly 120 total engagements in its pipeline, representing a 25% increase in identified commercial opportunities over the last twelve months [9] - The technology is currently being utilized in at least 68 products across 14 unique customers, deployed in various regions worldwide [10] Company Strategy and Development Direction - The company is focused on continuous innovation in MMWave technology to expand its product portfolio and adapt existing products for new applications [11] - A strategic contract was announced for delivering mission-critical wireless applications to military and defense forces, indicating a significant new revenue opportunity [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing market opportunities for MMWave technology, particularly in tactical communications and military defense applications [18] - The company expects to deliver sequential revenue growth for MMWave solutions throughout 2025, driven by increased demand and purchase orders [18] Other Important Information - The company had $2.8 million in cash and equivalents as of March 31, 2025, down from $3.3 million at the end of 2024, primarily due to operating cash burn [24] - The company expects total net revenue for Q2 2025 to be in the range of $1.8 million to $2.0 million, reflecting anticipated roll-off of end-of-life memory IC shipments [25] Q&A Session Summary Question: Can you talk about the visibility you have from some of the deals you've announced previously? - Management indicated better visibility with backlog on existing customers and initial shipments for defense applications expected this quarter [31] Question: Any impact from tariffs on your cost of goods or customer reactions? - Management stated there has been no impact from tariffs as most production is done in Asia or locally in Canada and Europe [33] Question: How quickly can the upgraded prospectus modules for fixed wireless access be deployed? - Management confirmed that the upgrade is a software enhancement that can be deployed immediately by customers [35] Question: Are you seeing more interest from the military side or defense? - Management noted increased interest in tactical communications due to the stealth capabilities of their technology [42] Question: When might other agencies or countries show interest in this type of application? - Management reported global interest in stealth communications technology, with ongoing quotes for opportunities in Europe, the Middle East, and Asia [48] Question: Any updates on BEAD funding and its impact on fixed wireless access? - Management expressed optimism about the positive impact of BEAD funding on their business, expecting benefits in the second half of the year [51]

Financial Data and Key Metrics Changes - In Q1 2025, revenue was impacted by delayed carrier promotions and FWA orders, but adjusted EBITDA exceeded expectations, indicating strong cost management despite softer hardware volumes [5][21] - Non-GAAP gross margin reached a record 47.5%, driven by a favorable revenue mix and sequential margin expansion in both product and services [22] - Adjusted EBITDA for Q1 2025 was $3.7 million, more than double the prior year quarter, with an adjusted EBITDA margin of 11.6% [23] Business Line Data and Key Metrics Changes - Mobile hotspot revenue grew over 16% year-over-year, while services revenue increased nearly 50% year-over-year, primarily due to the strength of the subscribed SaaS platform [21][22] - The company is focusing on expanding its FWA and MiFi business, with new product plans introduced to diversify its customer base [9][10] Market Data and Key Metrics Changes - The company is targeting large Tier one carriers and multiple system operators (MSOs) to expand its market presence, indicating a shift towards a broader customer base [9][10] - The competitive landscape remains challenging, but the company believes its American-based IP and improved operational efficiency position it well against competitors [39] Company Strategy and Development Direction - The company is transitioning from a hardware-centric model to a full solution provider, focusing on software-defined wireless networking solutions [8][14] - Key strategic initiatives include scaling the FWA and MiFi business and accelerating the software and services roadmap to enhance its solution offerings [8][14] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the business prospects for 2025, expecting sequential revenue growth starting in Q2, particularly in FWA revenue [26] - The company is actively managing its supply chain and operational efficiency to mitigate potential disruptions from the macroeconomic environment [12][39] Other Important Information - The company successfully reduced its total debt to $41 million after paying off $15 million in convertible notes [24] - The leadership team has been strengthened with new talent, including George Mulhern, former CEO of Cradlepoint, to support the company's transformation [17] Q&A Session Summary Question: Concerns about pipeline opportunities slipping into 2026 - Management does not see any movement of the pipeline from their customer base, particularly among large North American carriers [30] Question: Potential revenue upside from the T-Mobile Partner Plus program - The partnership with T-Mobile is expected to create pull on the channel program products through investment subsidies [31] Question: Free cash flow expectations for 2025 - Management targets positive free cash flow for the year, with expectations for improvement in the second half [32] Question: Update on channel strategy and potential large deals - Confidence in closing a large channel deal within the quarter, with ongoing investments in broadening the solution portfolio [35][36] Question: Competitive landscape and geopolitical impacts - The company believes its operational efficiency and American-based IP provide a competitive edge despite geopolitical challenges [39] Question: Long-term gross margin targets and operating expenses - Management has not provided a specific target model yet but anticipates gross margins in the high 30s, depending on the mix of software and product revenue [40][42]

Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are owned by their respective holders. ROSH HA'AIN, Israel, April 29, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that its management will participate in the 20th Annual Needham Technology, Media, & Consumer 1x1 Co ...

Airgain, Inc. (NASDAQ:AIRG) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Jacob Suen - President & Chief Executive Officer Michael Elbaz - Chief Financial Officer Conference Call Participants Anthony Stoss - Craig-Hallum Tim Savageaux - Northland Capital Markets Operator Good afternoon. Welcome to Airgain's Fourth Quarter and Full Year 2024 Conference Call. My name is Julian, and I'll be your operator for today's call. Joining us today are Airgain's President and CEO, Ja ...