$AIRG
AIRGAIN INC

2017 Q3 Form 10-Q Financial Statement

#000156459017023645 Filed on November 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $12.45M $12.63M $12.44M
YoY Change 0.07% 35.28% 86.53%
Cost Of Revenue $6.445M $7.150M $6.863M
YoY Change -6.1% 30.24% 76.26%
Gross Profit $6.004M $5.476M $5.576M
YoY Change 7.67% 42.51% 100.94%
Gross Profit Margin 48.23% 43.37% 44.83%
Selling, General & Admin $3.708M $2.820M $2.910M
YoY Change 27.44% 13.25% 64.41%
% of Gross Profit 61.77% 51.49% 52.19%
Research & Development $2.095M $1.530M $1.433M
YoY Change 46.22% 31.9% 32.65%
% of Gross Profit 34.89% 27.94% 25.69%
Depreciation & Amortization $114.4K $230.0K $220.0K
YoY Change -48.02% -4.17%
% of Gross Profit 1.9% 4.2% 3.95%
Operating Expenses $5.803M $4.345M $4.346M
YoY Change 33.53% 19.15% 52.7%
Operating Profit $200.6K $1.131M $1.230M
YoY Change -83.69% 477.29% -1832.09%
Interest Expense $80.00K -$30.00K $41.74K
YoY Change 91.69% -88.0% 470.85%
% of Operating Profit 39.87% -2.65% 3.39%
Other Income/Expense, Net
YoY Change
Pretax Income $280.0K $1.100M $1.190M
YoY Change -76.48% -1933.33% 242328.11%
Income Tax $42.21K $0.00 $7.278K
% Of Pretax Income 15.07% 0.0% 0.61%
Net Earnings $234.4K $1.100M $1.183M
YoY Change -80.19% -2709.89% 176737.67%
Net Earnings / Revenue 1.88% 8.71% 9.51%
Basic Earnings Per Share $0.02 $0.14 $0.21
Diluted Earnings Per Share $0.02 $0.12 $0.16
COMMON SHARES
Basic Shares Outstanding 7.580M 4.133M
Diluted Shares Outstanding 6.689M

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.63M $45.16M $16.83M
YoY Change 117.65% 745.69%
Cash & Equivalents $18.17M $45.16M $16.83M
Short-Term Investments $18.46M
Other Short-Term Assets $750.0K $350.0K $440.0K
YoY Change 70.45% 84.21%
Inventory $610.0K $146.8K $110.0K
Prepaid Expenses
Receivables $7.710M $5.155M $5.770M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $45.70M $50.81M $23.14M
YoY Change 97.49% 441.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.070M $807.1K $950.0K
YoY Change 12.63% -21.4%
Goodwill $1.250M
YoY Change 0.0%
Intangibles $286.7K
YoY Change -16.91%
Long-Term Investments
YoY Change
Other Assets $190.0K $84.06K $100.0K
YoY Change 90.0% -30.84%
Total Long-Term Assets $10.27M $5.251M $5.500M
YoY Change 86.73% -10.72%
TOTAL ASSETS
Total Short-Term Assets $45.70M $50.81M $23.14M
Total Long-Term Assets $10.27M $5.251M $5.500M
Total Assets $55.97M $56.06M $28.64M
YoY Change 95.43% 267.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.950M $3.949M $4.180M
YoY Change -5.5% 37.43%
Accrued Expenses $2.750M $1.072M $1.940M
YoY Change 41.75% 62.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.330M $1.390M $1.460M
YoY Change -8.9% -14.72%
Total Short-Term Liabilities $9.120M $9.240M $8.670M
YoY Change 5.19% 21.95%
LONG-TERM LIABILITIES
Long-Term Debt $330.0K $1.330M $1.670M
YoY Change -80.24% -61.22%
Other Long-Term Liabilities $360.0K $450.0K $480.0K
YoY Change -25.0% -19.64%
Total Long-Term Liabilities $690.0K $1.780M $2.150M
YoY Change -67.91% -55.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.120M $9.240M $8.670M
Total Long-Term Liabilities $690.0K $1.780M $2.150M
Total Liabilities $9.880M $11.03M $10.82M
YoY Change -8.69% -4.63%
SHAREHOLDERS EQUITY
Retained Earnings -$43.55M
YoY Change -6.29%
Common Stock $928.00 $758.00
YoY Change -99.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.08M $45.03M $17.82M
YoY Change
Total Liabilities & Shareholders Equity $55.97M $56.06M $28.64M
YoY Change 95.43% 267.38%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $234.4K $1.100M $1.183M
YoY Change -80.19% -2709.89% 176737.67%
Depreciation, Depletion And Amortization $114.4K $230.0K $220.0K
YoY Change -48.02% -4.17%
Cash From Operating Activities $790.0K $2.700M $1.010M
YoY Change -21.78% 63.64%
INVESTING ACTIVITIES
Capital Expenditures -$30.00K $0.00 -$230.0K
YoY Change -86.96% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$18.44M $0.00
YoY Change -100.0%
Cash From Investing Activities -$18.47M $0.00 -$230.0K
YoY Change 7930.43% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.70M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -740.0K 25.63M 10.79M
YoY Change -106.86% 562.27%
NET CHANGE
Cash From Operating Activities 790.0K 2.700M 1.010M
Cash From Investing Activities -18.47M 0.000 -230.0K
Cash From Financing Activities -740.0K 25.63M 10.79M
Net Change In Cash -18.42M 28.33M 11.57M
YoY Change -259.2% 1814.19%
FREE CASH FLOW
Cash From Operating Activities $790.0K $2.700M $1.010M
Capital Expenditures -$30.00K $0.00 -$230.0K
Free Cash Flow $820.0K $2.700M $1.240M
YoY Change -33.87% 59.76%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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airg Accretion Of Redeemable Convertible Preferred Stock To Redemption Amount
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3103784

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