Airgain

Gross margins are stable in the low‑to‑mid 40 percent range, reflecting some product mix benefits and engineering value. Still, competitive intensity and customer bargaining power cap pricing. The company cites aggressive pricing from Asian vendors and platform consolidation among larger solution providers.

We see limited latent pricing power outside specialized, certification‑heavy SKUs. Score reflects decent gross margin structure but constrained ability to raise prices without volume loss.