See more : Bank of the Philippine Islands (BPHLY) Income Statement Analysis – Financial Results
Complete financial analysis of Airgain, Inc. (AIRG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Airgain, Inc., a leading company in the Communication Equipment industry within the Technology sector.
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Airgain, Inc. (AIRG)
About Airgain, Inc.
Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand. It provides embedded antenna technologies to enable high performance wireless networking in a range of devices and markets, including consumer, enterprise, and automotive. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 56.04M | 75.90M | 64.27M | 48.50M | 55.74M | 60.63M | 49.52M | 43.43M | 27.79M | 25.51M | 25.39M | 18.20M |
| Cost of Revenue | 35.28M | 47.92M | 39.67M | 25.92M | 30.42M | 34.11M | 26.22M | 24.16M | 16.15M | 14.13M | 15.38M | 11.52M |
| Gross Profit | 20.76M | 27.97M | 24.61M | 22.59M | 25.32M | 26.51M | 23.30M | 19.28M | 11.64M | 11.38M | 10.01M | 6.68M |
| Gross Profit Ratio | 37.05% | 36.86% | 38.29% | 46.57% | 45.43% | 43.73% | 47.06% | 44.38% | 41.90% | 44.60% | 39.43% | 36.69% |
| Research & Development | 10.51M | 11.35M | 10.92M | 9.16M | 8.99M | 9.32M | 7.32M | 5.62M | 4.26M | 3.31M | 3.14M | 2.48M |
| General & Administrative | 13.53M | 14.03M | 13.56M | 10.64M | 8.92M | 9.55M | 8.00M | 4.53M | 3.45M | 2.97M | 2.23M | 1.78M |
| Selling & Marketing | 9.13M | 11.17M | 10.21M | 5.98M | 7.04M | 11.03M | 7.01M | 5.67M | 4.04M | 3.52M | 3.04M | 2.30M |
| SG&A | 22.66M | 25.21M | 23.77M | 16.61M | 15.96M | 20.58M | 15.01M | 10.20M | 7.49M | 6.49M | 5.27M | 4.09M |
| Other Expenses | 0.00 | -58.00K | -38.00K | -19.00K | 0.00 | 388.73K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 33.16M | 36.55M | 34.69M | 25.77M | 24.94M | 29.90M | 22.33M | 15.82M | 11.75M | 9.80M | 9.84M | 5.47M |
| Cost & Expenses | 68.44M | 84.48M | 74.36M | 51.69M | 55.36M | 64.01M | 48.55M | 39.98M | 27.89M | 23.93M | 25.22M | 16.99M |
| Interest Income | 109.00K | 63.00K | 26.00K | 197.00K | 714.00K | 584.74K | 296.45K | 7.80K | 0.00 | 0.00 | 2.43M | 4.43M |
| Interest Expense | 0.00 | 63.00K | 0.00 | 0.00 | 5.00K | 30.99K | 98.71K | 178.37K | 39.49K | 42.69K | 0.00 | 0.00 |
| Depreciation & Amortization | 3.63M | 3.70M | 3.55M | 1.09M | 1.15M | 1.26M | 1.02M | 868.70K | 472.75K | 371.60K | 160.26K | 223.37K |
| EBITDA | -8.77M | -4.88M | -6.53M | -2.09M | 2.24M | -1.19M | 2.28M | 4.32M | 242.51K | 1.95M | 1.86M | 333.06K |
| EBITDA Ratio | -15.65% | -6.43% | -6.99% | -4.31% | 4.02% | -1.90% | 4.61% | 9.97% | 0.51% | 4.79% | 7.33% | 1.83% |
| Operating Income | -12.40M | -8.58M | -10.08M | -3.18M | 1.09M | -3.39M | 969.20K | 3.45M | -330.70K | 850.60K | 1.70M | 109.69K |
| Operating Income Ratio | -22.13% | -11.31% | -15.69% | -6.56% | 1.96% | -5.59% | 1.96% | 7.95% | -1.19% | 3.33% | 6.70% | 0.60% |
| Total Other Income/Expenses | 100.00K | 5.00K | -12.00K | 178.00K | 709.00K | 903.00K | 197.94K | 289.72K | 60.98K | 2.74M | -3.85M | -3.33M |
| Income Before Tax | -12.30M | -8.58M | -12.14M | -3.01M | 1.09M | -2.48M | 1.17M | 3.74M | -269.72K | 3.59M | -2.25M | -3.22M |
| Income Before Tax Ratio | -21.95% | -11.30% | -18.88% | -6.20% | 1.95% | -4.10% | 2.36% | 8.62% | -0.97% | 14.09% | -8.88% | -17.70% |
| Income Tax Expense | 128.00K | 84.00K | -2.05M | 273.00K | 163.00K | 101.54K | 25.69K | 8.18K | 622.00 | 6.17K | 10.80K | 800.00 |
| Net Income | -12.43M | -8.66M | -10.09M | -3.28M | 926.00K | -2.58M | 1.14M | 3.73M | -270.34K | 3.59M | -2.26M | -3.22M |
| Net Income Ratio | -22.18% | -11.41% | -15.69% | -6.76% | 1.66% | -4.26% | 2.30% | 8.60% | -0.97% | 14.07% | -8.92% | -17.70% |
| EPS | -1.20 | -0.85 | -1.01 | -0.34 | 0.10 | -0.27 | 0.12 | 0.65 | -0.05 | 0.21 | -6.00 | -10.79 |
| EPS Diluted | -1.20 | -0.85 | -1.01 | -0.34 | 0.09 | -0.27 | 0.11 | 0.40 | -0.05 | -0.28 | -5.98 | -8.51 |
| Weighted Avg Shares Out | 10.39M | 10.19M | 10.02M | 9.71M | 9.68M | 9.52M | 9.49M | 3.37M | 5.63M | 5.63M | 377.47K | 298.49K |
| Weighted Avg Shares Out (Dil) | 10.39M | 10.19M | 10.02M | 9.71M | 10.10M | 9.52M | 10.36M | 4.67M | 5.63M | 5.63M | 378.57K | 378.57K |
Airgain's 220% Rise Comes With Questions About Longevity
Airgain, Inc. (NASDAQ: AIRG) has shown impressive growth with a 1-year gain of +220%, driven by strong sales in consumer and automotive markets. Despite rising sales and improving margins, Airgain struggles with profitability, negative cash flow, and challenges in the...
Airgain, Inc. (AIRG) Q3 2024 Earnings Call Transcript
Airgain, Inc. (NASDAQ:AIRG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jacob Suen - President and Chief Executive Officer Michael Elbaz - Chief Financial Officer Conference Call Participants Anthony Stoss - Craig-Hallum Capital Group...
Airgain (AIRG) Reports Break-Even Earnings for Q3
Airgain (AIRG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.06 per share a year ago.
Airgain® Reports Third Quarter 2024 Financial Results
SAN DIEGO--(BUSINESS WIRE)--Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, today reported financial results for the third quarter ended September 30, 2024. “We...
AIRG Launches AI Integrated Asset Tracking Solution: Stock to Gain?
Airgain unveils its first AI-integrated asset tracking solution for real-time tracking across ground and air transportation.
Airgain Launches Its First Integrated Artificial Intelligence AT-Flight Asset Tracking Solution
SAN DIEGO--(BUSINESS WIRE)---- $AIRG #5g--Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, has released the AT-Flight asset tracker, targeting the healthcare and life sciences IoT markets. Designed for high-value, temperature-sensitive assets, the AT-Flight offers an ideal solution...
Airgain Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
SAN DIEGO--(BUSINESS WIRE)--Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, today announced that it has granted inducement awards to two new employees who...
Airgain Sets Third Quarter 2024 Earnings Call for Tuesday, November 12, 2024 at 5:00 p.m. ET
SAN DIEGO--(BUSINESS WIRE)--Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems across the globe, will hold a conference call on Tuesday, November 12, 2024 at 5:00 p.m....
Are Computer and Technology Stocks Lagging Airgain (AIRG) This Year?
Here is how Airgain (AIRG) and TSMC (TSM) have performed compared to their sector so far this year.
Will Carrier Certifications for AirgainConnect Fleet Aid AIRG Stock?
The recent accreditations from network operators and industry bodies are likely to strengthen AIRG's leading market position.
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Category: Stock Reports