Airgain Inc - Understand $airg stock

$AIRG Market Cap: $100.5 Million

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Financial Snapshot

Revenue

$55.59M

TTM

Gross Margin

37.62%

TTM

Net Earnings

-$12.21M

TTM

Current Assets

$23.27M

Q3 2024

Current Liabilities

$12.10M

Q3 2024

Current Ratio

192.29%

Q3 2024

Total Assets

$43.25M

Q3 2024

Total Liabilities

$12.44M

Q3 2024

Book Value

$30.81M

Q3 2024

Cash

$7.346M

Q3 2024

P/E

-8.233

Nov 29, 2024 EST

Free Cash Flow

-$5.789M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	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
YoY Change	-26.16%	18.08%	32.52%	-12.99%	-8.06%	22.42%	14.02%	56.28%	8.95%	0.47%	39.51%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	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	$278.0K	$433.0K	$26.22M	$24.16M	$16.15M	$14.13M	$15.38M	$11.52M
Gross Profit	$20.76M	$27.97M	$24.61M	$22.59M	$25.32M	$60.19M	$23.30M	$19.28M	$11.64M	$11.38M	$10.01M	$6.680M
Gross Profit Margin	37.05%	36.86%	38.29%	46.57%	45.43%	99.29%	47.05%	44.38%	41.9%	44.6%	39.42%	36.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$22.66M	$25.21M	$23.77M	$16.61M	$15.96M	$19.28M	$15.01M	$10.20M	$7.489M	$6.488M	$5.270M	$4.090M
YoY Change	-10.11%	6.04%	43.1%	4.09%	-17.22%	28.45%	47.12%	36.24%	15.42%	23.12%	28.85%
% of Gross Profit	109.13%	90.12%	96.6%	73.55%	63.03%	32.03%	64.41%	52.93%	64.31%	57.03%	52.65%	61.23%
Research & Development	$10.51M	$11.35M	$10.92M	$9.157M	$8.990M	$9.320M	$7.320M	$5.622M	$4.257M	$3.311M	$3.140M	$2.480M
YoY Change	-7.4%	3.89%	19.25%	1.86%	-3.54%	27.32%	30.2%	32.06%	28.57%	5.46%	26.61%
% of Gross Profit	50.59%	40.56%	44.38%	40.54%	35.51%	15.48%	31.41%	29.16%	36.56%	29.1%	31.37%	37.13%
Depreciation & Amortization	$700.0K	$3.701M	$500.0K	$500.0K	$493.0K	$587.0K	$436.0K	$495.3K	$458.7K	$371.6K	$160.0K	$220.0K
YoY Change	-81.09%	640.2%	0.0%	1.42%	-16.01%	34.63%	-11.98%	7.98%	23.45%	132.25%	-27.27%
% of Gross Profit	3.37%	13.23%	2.03%	2.21%	1.95%	0.98%	1.87%	2.57%	3.94%	3.27%	1.6%	3.29%
Operating Expenses	$33.16M	$36.55M	$36.73M	$25.77M	$24.94M	$28.60M	$22.33M	$15.82M	$11.98M	$10.53M	$8.410M	$6.570M
YoY Change	-9.27%	-0.49%	42.54%	3.32%	-12.8%	28.08%	41.11%	32.14%	13.77%	25.17%	28.01%
Operating Profit	-$12.40M	-$8.580M	-$12.12M	-$3.184M	$380.0K	$31.59M	$972.2K	$3.452M	-$330.7K	$850.6K	$1.600M	$110.0K
YoY Change	44.52%	-29.23%	280.78%	-937.89%	-98.8%	3149.63%	-71.84%	-1143.89%	-138.88%	-46.84%	1354.55%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$109.0K	$63.00K	$26.00K	$200.0K	$5.000K	$31.00K	$98.71K	$178.4K	$39.49K	$42.69K	-$1.420M	-$1.200M
YoY Change	73.02%	142.31%	-87.0%	3900.0%	-83.87%	-68.6%	-44.66%	351.7%	-7.5%	-103.01%	18.33%
% of Operating Profit					1.32%	0.1%	10.15%	5.17%		5.02%	-88.75%	-1090.91%
Other Income/Expense, Net	$100.0K	-$58.00K	-$12.00K	$178.0K		$903.2K	$197.7K	$289.7K	$60.98K	$2.744M	$0.00	$0.00
YoY Change	-272.41%	383.33%	-106.74%			356.78%	-31.75%	375.1%	-97.78%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$12.30M	-$8.575M	-$12.14M	-$3.006M	$1.089M	-$2.483M	$1.167M	$3.742M	-$269.7K	$3.594M	$180.0K	-$1.090M
YoY Change	43.44%	-29.34%	303.73%	-376.03%	-143.86%	-312.76%	-68.81%	-1487.32%	-107.5%	1896.93%	-116.51%
Income Tax	$128.0K	$84.00K	-$2.049M	$273.0K	$163.0K	$101.0K	$25.69K	$8.181K	$622.00	$6.171K	$10.00K	$0.00
% Of Pretax Income					14.97%		2.2%	0.22%		0.17%	5.56%
Net Earnings	-$12.43M	-$8.659M	-$10.09M	-$3.279M	$926.0K	-$2.584M	$1.141M	$3.734M	-$270.3K	$3.588M	$170.0K	-$1.090M
YoY Change	43.53%	-14.16%	207.62%	-454.1%	-135.84%	-326.47%	-69.44%	-1481.11%	-107.53%	2010.76%	-115.6%
Net Earnings / Revenue	-22.18%	-11.41%	-15.69%	-6.76%	1.66%	-4.26%	2.3%	8.6%	-0.97%	14.07%	0.67%	-5.99%
Basic Earnings Per Share	-$1.20	-$0.85	-$1.01	-$0.34		-$0.27	$0.12	$0.65	-$4.17	$2.08
Diluted Earnings Per Share	-$1.20	-$0.85	-$1.01	-$0.34	$92.08K	-$0.27	$0.11	$0.40	-$4.30	-$2.86	$23.48K	-$150.6K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$7.881M	$11.90M	$14.51M	$38.17M	$34.88M	$33.79M	$36.31M	$45.16M	$5.340M	$3.590M	$2.790M	$440.0K
YoY Change	-33.79%	-17.97%	-61.98%	9.43%	3.23%	-6.94%	-19.6%	745.69%	48.75%	28.67%	534.09%
Cash & Equivalents	$7.881M	$11.90M	$14.51M	$38.17M	$13.20M	$13.62M	$15.03M	$45.16M	$5.340M	$3.590M	$2.790M	$440.0K
Short-Term Investments				$0.00	$21.69M	$20.17M	$21.29M
Other Short-Term Assets	$1.422M	$2.284M	$1.272M	$1.460M	$1.360M	$930.0K	$610.0K	$350.0K	$190.0K	$180.0K	$170.0K	$60.00K
YoY Change	-37.74%	79.56%	-12.88%	7.35%	46.24%	52.46%	74.29%	84.21%	5.56%	5.88%	183.33%
Inventory	$2.403M	$4.226M	$8.949M	$1.020M	$1.190M	$1.350M	$740.0K	$150.0K	$120.0K	$0.00
Prepaid Expenses
Receivables	$7.375M	$8.741M	$10.76M	$4.780M	$7.660M	$7.010M	$8.420M	$5.160M	$3.730M	$3.510M	$3.420M	$2.890M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$19.08M	$27.15M	$35.49M	$45.43M	$45.09M	$43.09M	$46.08M	$50.81M	$9.380M	$7.280M	$6.380M	$3.390M
YoY Change	-29.73%	-23.49%	-21.88%	0.75%	4.64%	-6.49%	-9.31%	441.68%	28.85%	14.11%	88.2%
Property, Plant & Equipment	$3.899M	$4.982M	$5.475M	$2.380M	$2.130M	$1.400M	$1.040M	$810.0K	$1.030M	$1.350M	$100.0K	$220.0K
YoY Change	-21.74%	-9.0%	130.04%	11.74%	52.14%	34.62%	28.4%	-21.36%	-23.7%	1250.0%	-54.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$170.0K	$216.0K	$352.0K	$250.0K	$10.00K	$270.0K	$350.0K	$80.00K	$120.0K	$100.0K	$240.0K	$60.00K
YoY Change	-21.3%	-38.64%	40.8%	2400.0%	-96.3%	-22.86%	337.5%	-33.33%	20.0%	-58.33%	300.0%
Total Long-Term Assets	$23.15M	$27.25M	$30.90M	$9.500M	$9.640M	$9.820M	$10.22M	$5.250M	$5.880M	$1.450M	$340.0K	$290.0K
YoY Change	-15.04%	-11.83%	225.27%	-1.45%	-1.83%	-3.91%	94.67%	-10.71%	305.52%	326.47%	17.24%
Total Assets	$42.23M	$54.40M	$66.39M	$54.93M	$54.73M	$52.91M	$56.30M	$56.06M	$15.26M	$8.730M	$6.720M	$3.680M
YoY Change
Accounts Payable	$6.472M	$6.507M	$5.474M	$2.980M	$3.840M	$4.140M	$3.970M	$3.950M	$2.870M	$2.410M	$2.240M	$2.130M
YoY Change	-0.54%	18.87%	83.69%	-22.4%	-7.25%	4.28%	0.51%	37.63%	19.09%	7.59%	5.16%
Accrued Expenses	$2.971M	$6.393M	$4.470M	$3.500M	$2.840M	$3.290M	$3.350M	$2.820M	$3.000M	$1.100M	$1.560M	$560.0K
YoY Change	-53.53%	43.02%	27.71%	23.24%	-13.68%	-1.79%	18.79%	-6.0%	172.73%	-29.49%	178.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due						$0.00	$1.330M	$1.390M	$1.630M	$270.0K	$40.00K	$0.00
YoY Change						-100.0%	-4.32%	-14.72%	503.7%	575.0%
Total Short-Term Liabilities	$9.991M	$12.90M	$19.89M	$6.860M	$6.760M	$7.510M	$9.730M	$9.240M	$7.580M	$3.870M	$3.840M	$2.680M
YoY Change	-22.55%	-35.13%	189.9%	1.48%	-9.99%	-22.82%	5.3%	21.9%	95.87%	0.78%	43.28%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.330M	$3.430M	$1.160M	$3.800M	$2.170M
YoY Change							-100.0%	-61.22%	195.69%	-69.47%	75.12%
Other Long-Term Liabilities	$674.0K	$1.536M	$2.221M	$270.0K	$10.00K	$210.0K	$330.0K	$450.0K	$560.0K	$650.0K	$0.00	$100.0K
YoY Change	-56.12%	-30.84%	722.59%	2600.0%	-95.24%	-36.36%	-26.67%	-19.64%	-13.85%		-100.0%
Total Long-Term Liabilities	$674.0K	$1.536M	$2.221M	$270.0K	$10.00K	$210.0K	$330.0K	$1.780M	$3.990M	$1.810M	$3.800M	$2.270M
YoY Change	-56.12%	-30.84%	722.59%	2600.0%	-95.24%	-36.36%	-81.46%	-55.39%	120.44%	-52.37%	67.4%
Total Liabilities	$10.82M	$14.58M	$22.22M	$7.190M	$6.820M	$7.760M	$10.07M	$11.03M	$11.57M	$5.680M	$7.650M	$4.960M
YoY Change	-25.79%	-34.4%	209.0%	5.43%	-12.11%	-22.94%	-8.7%	-4.67%	103.7%	-25.75%	54.23%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2018	2017	2016	2015	2014
Basic Shares Outstanding	10.39M	10.19M	10.02M	9.714M	9.521M	9.485M	3.373M	651.6K	555.8K
Diluted Shares Outstanding	10.39M	10.19M	10.02M	9.714M	9.521M	10.36M	4.668M	651.6K	555.8K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $100.51 Million

About AIRGAIN INC

Airgain, Inc. provides embedded antenna products, integration support and test services. The company is headquartered in San Diego, California and currently employs 122 full-time employees. The company went IPO on 2016-08-11. The Company’s enterprise products include embedded cellular modems, antennas for access points and Internet of Things applications, and asset trackers. Its consumer products include embedded antennas for consumer access points, wireless gateways, smart home devices and fixed wireless access devices. The Company’s automotive products include aftermarket antennas that are typically connected to third-party cellular and Wi-Fi-enabled routers, digital video evidence devices, and telematics gateways. The company has launched a second generation AirgainConnect Fleet system solution, which is a roof-mounted 5G vehicle gateway, combining a cellular modem, antennas, and additional features into a single device. Its NimbeLink embedded modems serves enterprise sectors requiring cellular connectivity such as packaging, logistics, and smart cities.

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