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Airspan Networks Holdings Inc   (MIMO)
Other Ticker:  
 
    Sector • Technology    Industry • Consumer Electronics
   Industry • Consumer Electronics
   Sector • Technology
 
Price: $0.1130 $-0.01 -5.042%
Day's High: $0.1199 Week Perf: -3.42 %
Day's Low: $ 0.11 30 Day Perf: -14.85 %
Volume (M): 272 52 Wk High: $ 0.29
Volume (M$): $ 31 52 Wk Avg: $0.15
Open: $0.12 52 Wk Low: $0.11



 Market Capitalization (Millions $) 8
 Shares Outstanding (Millions) 74
 Employees 428
 Revenues (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) -79
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1

Airspan Networks Holdings Inc
Airspan Networks Holdings Inc is a global provider of 4G and 5G wireless network solutions for telecommunications service providers, enterprises, and governments. The company is headquartered in Boca Raton, Florida, and has operations in North America, Europe, the Middle East, Africa, and Asia.

Airspan has over 1000 customers in more than 100 countries, and provides wireless solutions to a diverse range of industries including telecommunications, public safety, transportation, energy, and hospitality.

The companyes product portfolio includes base stations, small cells, backhaul solutions, and microwave systems, all of which are designed to enhance the capacity, coverage, and performance of wireless networks.

One of Airspanes core strengths is its software-defined radio (SDR) technology, which allows operators to easily upgrade their networks to support new technologies like 5G without having to replace hardware. This greatly reduces the cost and complexity of network upgrades and helps to maintain network flexibility and future-proofing.

Another strength of Airspan is its expertise in ultra-low latency wireless networking, which is critical for supporting mission-critical applications such as autonomous vehicles and industrial internet-of-things (IIoT) devices.

Airspanes products and solutions have won numerous awards and accolades, including the prestigious Small Cell Forum award for Excellence in Commercial Deployment (2017), and Frost & Sullivan's 2018 North American Technology Innovation Award for LTE Access Network Solutions.

Overall, Airspan Networks Holdings Inc is a leading provider of innovative wireless solutions that help telecommunications service providers, enterprises, and government agencies to build and upgrade their networks with greater speed, flexibility, and efficiency.


   Company Address: 777 Yamato Road Boca Raton 33431 FL
   Company Phone Number: 893-8670   Stock Exchange / Ticker: MIMO


   

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Airspan Networks Holdings Inc

MIMO Struggles Amidst Unprecedented Challenges Throughout Fiscal Quarter

Airspan Networks Holdings Inc, a leading provider of wireless network solutions, has reported impressive financial results for the July to September 2023 interval. Despite the challenging market conditions, the company's net profit per share remained unscathed at $0.12 per share. This is a significant improvement compared to last year's earnings of $0.00 per share and the previous quarter's net loss of $-0.45 per share.
The sharp decline in revenue is a cause for concern, plummeting by -65.302% to $14.26 million from $41.09 million in the same quarter last year. Additionally, the sequential revenue dropped by -55.611% from $32.12 million, indicating a challenging business environment. However, it is important to note that the company managed to achieve positive net earnings of $9.888 million during this interval, an impressive improvement from a net loss of $-23.314 million in the comparable quarter a year ago.
A positive indicator for Airspan Networks Holdings Inc is the decline in inventories to $10.2 million compared to the previous quarter and the same period last year. This suggests that the company is effectively managing its inventory levels in line with future demand. Furthermore, the level of accounts receivable has also declined to $11.1 million, which some analysts believe is due to slowing demand. These factors indicate that the company is taking proactive measures to adapt to changing market conditions.
Airspan Networks Holdings Inc

Airspan Networks Holdings Inc Faces Substantial Losses in Challenging Q2 2023, Revenue Plunges by Over 30%

Airspan Networks Holdings Inc, a leading player in the field of consumer electronics, faced a challenging second quarter in 2023 due to weak business conditions. The company reported a substantial growth in losses during the months of April to June, as the net deficit per share surged to -$0.45 from $0.00 a year earlier. This disappointing performance was further accentuated by a sharp drop in revenue of -31.573% to $32.12 million, compared to $46.95 million in the previous year.
In stark contrast, the company experienced a robust growth in revenue during the first quarter of 2023, with a remarkable increase of 29.669% from $24.77 million. However, this positive development was eclipsed by a surge in the shortfall, which grew to -$0.28 per share. Overall, the fiscal second quarter of 2023 proved to be challenging for Airspan Networks Holdings Inc, as it recorded a net shortfall of -$33.607 million, exceeding the -$21.017 million loss recorded in the same period a year ago.
Airspan Networks Holdings Inc

Airspan Networks Holdings Inc Faces Widening Losses in First Quarter of 2023 Amidst Challenging Market Conditions

As per the financial results of the first quarter of 2023, MIMO has experienced a considerable increase in its loss per share. This figure has risen from $0.00 per share to a staggering $-0.28 per share in comparison to the previous year. Moreover, the loss per share surged from $-0.16 in the prior reporting period. Combined with this, the revenue of MIMO has taken a severe hit. It has faded by -34.051% to $24.77 million compared to $37.56 million in the same reporting period a year before. Additionally, sequentially, the revenue has tumbled by -40.53% from $41.66 million.
On the other hand, Airspan Networks Holdings Inc reported a net loss of $-20.889 million in the first quarter of 2023. This is a significant improvement compared to the deficit of $-29.738 million in the similar reporting period a year ago. The company is expected to report its next financial earnings on August 08, 2023.









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