$AIRG
AIRGAIN INC

2020 Q2 Form 10-Q Financial Statement

#000156459020037891 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4 2019 Q2
Revenue $11.45M $13.03M $14.46M
YoY Change -20.85% -21.34% -3.41%
Cost Of Revenue $6.052M $7.250M $7.777M
YoY Change -22.18% -25.33% -7.08%
Gross Profit $5.394M $5.779M $6.685M
YoY Change -19.31% -15.64% 1.26%
Gross Profit Margin 47.13% 44.36% 46.22%
Selling, General & Admin $3.768M $3.820M $3.986M
YoY Change -5.47% 7.0% -49.11%
% of Gross Profit 69.86% 66.1% 59.63%
Research & Development $2.224M $2.050M $2.203M
YoY Change 0.95% -5.09% -8.89%
% of Gross Profit 41.23% 35.47% 32.95%
Depreciation & Amortization $100.0K $290.0K $91.00K
YoY Change 9.89% -14.71% -37.24%
% of Gross Profit 1.85% 5.02% 1.36%
Operating Expenses $5.992M $5.868M $6.189M
YoY Change -3.18% 2.41% -39.63%
Operating Profit -$598.0K -$89.00K $496.0K
YoY Change -220.56% -107.95% -113.59%
Interest Expense $50.00K $150.0K $190.0K
YoY Change -73.68% -21.05% 1800.0%
% of Operating Profit 38.31%
Other Income/Expense, Net -$36.00K $189.0K
YoY Change -119.05% -62.8%
Pretax Income -$562.0K $60.00K $685.0K
YoY Change -182.04% -95.28% -121.81%
Income Tax $174.0K $0.00 $23.00K
% Of Pretax Income 0.0% 3.36%
Net Earnings -$736.0K $63.00K $662.0K
YoY Change -211.18% -95.06% -120.75%
Net Earnings / Revenue -6.43% 0.48% 4.58%
Basic Earnings Per Share -$0.08 $0.01 $0.07
Diluted Earnings Per Share -$0.08 $0.01 $0.07
COMMON SHARES
Basic Shares Outstanding 9.683M 9.697M 9.697M
Diluted Shares Outstanding 9.683M 10.13M

Balance Sheet

Concept 2020 Q2 2019 Q4 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.11M $34.88M $34.21M
YoY Change 2.63% 3.23% 6.66%
Cash & Equivalents $28.59M $13.20M $13.64M
Short-Term Investments $6.520M $21.69M $20.57M
Other Short-Term Assets $1.160M $1.360M $1.010M
YoY Change 14.85% 46.24% 57.81%
Inventory $870.0K $1.193M $1.095M
Prepaid Expenses
Receivables $4.590M $7.656M $9.722M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.73M $45.11M $46.04M
YoY Change -9.37% 4.7% 14.07%
LONG-TERM ASSETS
Property, Plant & Equipment $2.211M $2.126M $1.707M
YoY Change 29.53% 51.75% 19.94%
Goodwill $3.700M $3.700M
YoY Change 0.0% -0.01%
Intangibles $687.0K $773.0K
YoY Change -20.02% -19.07%
Long-Term Investments
YoY Change
Other Assets $200.0K $10.00K $229.0K
YoY Change -12.66% -96.28% -32.27%
Total Long-Term Assets $9.590M $9.615M $9.760M
YoY Change -1.74% -2.11% -4.79%
TOTAL ASSETS
Total Short-Term Assets $41.73M $45.11M $46.04M
Total Long-Term Assets $9.590M $9.615M $9.760M
Total Assets $51.32M $54.73M $55.80M
YoY Change -8.03% 3.44% 10.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.260M $3.838M $5.537M
YoY Change -59.18% -7.23% 39.29%
Accrued Expenses $2.200M $1.451M $1.494M
YoY Change 47.26% 19.23% 43.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.458M $6.759M $8.010M
YoY Change -44.34% -10.01% 10.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $60.00K $10.00K $140.0K
YoY Change -57.14% -95.24% -50.0%
Total Long-Term Liabilities $60.00K $10.00K $140.0K
YoY Change -57.14% -95.24% -50.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.458M $6.759M $8.010M
Total Long-Term Liabilities $60.00K $10.00K $140.0K
Total Liabilities $4.543M $6.822M $8.182M
YoY Change -44.48% -12.09% 7.94%
SHAREHOLDERS EQUITY
Retained Earnings -$46.01M -$44.07M -$44.00M
YoY Change 4.57% -2.06% -5.8%
Common Stock $98.04M $96.62M $95.23M
YoY Change 2.95% 3.25% 9766976.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.267M $4.659M $3.625M
YoY Change 45.3% 35.75% 40.49%
Treasury Stock Shares
Shareholders Equity $46.78M $47.90M $47.62M
YoY Change
Total Liabilities & Shareholders Equity $51.32M $54.73M $55.80M
YoY Change -8.03% 3.44% 10.25%

Cashflow Statement

Concept 2020 Q2 2019 Q4 2019 Q2
OPERATING ACTIVITIES
Net Income -$736.0K $63.00K $662.0K
YoY Change -211.18% -95.06% -120.75%
Depreciation, Depletion And Amortization $100.0K $290.0K $91.00K
YoY Change 9.89% -14.71% -37.24%
Cash From Operating Activities $2.190M $1.490M $1.090M
YoY Change 100.92% -43.13% 336.0%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K -$160.0K -$250.0K
YoY Change -8.0% -33.33% 66.67%
Acquisitions
YoY Change
Other Investing Activities $4.500M -$630.0K $680.0K
YoY Change 561.76% -51.54% -154.4%
Cash From Investing Activities $4.270M -$790.0K $440.0K
YoY Change 870.45% -48.37% -131.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -400.0K -370.0K 360.0K
YoY Change -211.11% -28.85% -134.29%
NET CHANGE
Cash From Operating Activities 2.190M 1.490M 1.090M
Cash From Investing Activities 4.270M -790.0K 440.0K
Cash From Financing Activities -400.0K -370.0K 360.0K
Net Change In Cash 6.060M 330.0K 1.890M
YoY Change 220.63% -42.11% -186.3%
FREE CASH FLOW
Cash From Operating Activities $2.190M $1.490M $1.090M
Capital Expenditures -$230.0K -$160.0K -$250.0K
Free Cash Flow $2.420M $1.650M $1.340M
YoY Change 80.6% -42.31% 235.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q2 us-gaap Gross Profit
GrossProfit
5394000
CY2020Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
11000
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
11000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
376000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1050000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52000
us-gaap Net Income Loss
NetIncomeLoss
998000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9661000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10071000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
662000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
15899000
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
20870000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14798000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-600000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
608000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
193000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
91000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
589000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-517000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
396000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15571000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
20000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13197000
us-gaap Net Income Loss
NetIncomeLoss
-1938000
us-gaap Net Income Loss
NetIncomeLoss
998000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
45147000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
46779000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
47620000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
46779000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
47620000
us-gaap Profit Loss
ProfitLoss
-1938000
us-gaap Profit Loss
ProfitLoss
998000
us-gaap Depreciation
Depreciation
242000
us-gaap Depreciation
Depreciation
268000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-11000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
322000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
328000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-27000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
185000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-22000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-188000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1576000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1231000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-540000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1168000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-137000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
198000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1290000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
224000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
752000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
21065000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13641000
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
175000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13621000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28768000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13641000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
59000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28768000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
46000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
169000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28593000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13641000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:9.5pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation of intangible assets.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:9.5pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements.</span></p>
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-736000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
662000
us-gaap Net Income Loss
NetIncomeLoss
-1938000
us-gaap Net Income Loss
NetIncomeLoss
998000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9683000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9697000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9686000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9661000
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
431000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
410000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9683000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10128000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9686000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10071000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1898000
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
67000
CY2020Q2 us-gaap Cash
Cash
3747000
CY2020Q2 us-gaap Cash
Cash
3747000
CY2020Q2 us-gaap Cash
Cash
3747000
CY2020Q2 airg Cash And Cash Equivalents At Carrying Value Available And Available For Sale Debt Securities Amortized Cost Basis
CashAndCashEquivalentsAtCarryingValueAvailableAndAvailableForSaleDebtSecuritiesAmortizedCostBasis
35096000
CY2020Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
17000
CY2020Q2 airg Cash And Cash Equivalents At Carrying Value And Available For Sale Securities Debt Securities Current
CashAndCashEquivalentsAtCarryingValueAndAvailableForSaleSecuritiesDebtSecuritiesCurrent
35113000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28593000
CY2020Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
6520000
CY2019Q4 us-gaap Cash
Cash
3950000
CY2019Q4 us-gaap Cash
Cash
3950000
CY2019Q4 airg Cash And Cash Equivalents At Carrying Value Available And Available For Sale Debt Securities Amortized Cost Basis
CashAndCashEquivalentsAtCarryingValueAvailableAndAvailableForSaleDebtSecuritiesAmortizedCostBasis
34875000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
10000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000
CY2019Q4 airg Cash And Cash Equivalents At Carrying Value And Available For Sale Securities Debt Securities Current
CashAndCashEquivalentsAtCarryingValueAndAvailableForSaleSecuritiesDebtSecuritiesCurrent
34883000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13197000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
21686000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.99
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.17
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.1087
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0497
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2553000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
89000
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2238000
CY2020Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
534000
CY2019Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
465000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1600000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
375000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
10.25
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1883000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.97
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
929000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
8.79
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1883000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
9.97
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.25
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.93
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2500000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2300000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
300000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
300000
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3800000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3200000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5537000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3326000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2211000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2126000
CY2020Q2 us-gaap Depreciation
Depreciation
122000
CY2019Q2 us-gaap Depreciation
Depreciation
91000
us-gaap Depreciation
Depreciation
242000
us-gaap Depreciation
Depreciation
268000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6030000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2555000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3475000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6030000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2233000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3797000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
308000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
598000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
563000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
563000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
563000
CY2020Q2 airg Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
880000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3475000
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
157000
CY2020Q2 airg Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
1355000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y
CY2019Q4 us-gaap Liabilities
Liabilities
6822000
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
4458000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6759000
CY2020Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
30000
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
52000
CY2019Q4 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
11000
CY2019Q4 airg Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
1536000
CY2020Q2 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
55000
CY2020Q2 us-gaap Liabilities
Liabilities
4543000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1757000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11446000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14462000
CY2019Q2 us-gaap Cost Of Revenue
CostOfRevenue
7777000
CY2019Q2 us-gaap Gross Profit
GrossProfit
6685000
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
6189000
CY2020Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2224000
CY2019Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2203000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
496000
CY2020Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1379000
CY2019Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2229000
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2389000
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
5992000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-598000
CY2020Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
47000
CY2019Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
189000
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
164000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
322000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-736000
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
6052000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
328000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10188000
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9654000
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10146000
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9681000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
98035000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
96622000
CY2020Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
534000
CY2019Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
465000
CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
5267000
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4659000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
16000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
8000
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-46006000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44068000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
46779000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
47904000
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
51322000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
54726000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
361000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
992000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
719000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
705000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
686000
CY2020Q2 airg Operating Leases Future Minimum Payments Due After Year Four
OperatingLeasesFutureMinimumPaymentsDueAfterYearFour
615000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
4078000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11446000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14462000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22662000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29570000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11446000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14462000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22662000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29570000

Files In Submission

Name View Source Status
0001564590-20-037891-index-headers.html Edgar Link pending
0001564590-20-037891-index.html Edgar Link pending
0001564590-20-037891.txt Edgar Link pending
0001564590-20-037891-xbrl.zip Edgar Link pending
airg-10q_20200630.htm Edgar Link pending
airg-10q_20200630_htm.xml Edgar Link completed
airg-20200630.xsd Edgar Link pending
airg-20200630_cal.xml Edgar Link unprocessable
airg-20200630_def.xml Edgar Link unprocessable
airg-20200630_lab.xml Edgar Link unprocessable
airg-20200630_pre.xml Edgar Link unprocessable
airg-ex311_10.htm Edgar Link pending
airg-ex312_7.htm Edgar Link pending
airg-ex321_8.htm Edgar Link pending
airg-ex322_9.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending