Airgain Inc. (AIRG) Financial Statements (2025 and earlier)

Company Profile

Business Address 3611 VALLEY CENTRE DRIVE
SAN DIEGO, CA 92130
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4167,1697,8819,9899,2709,839
Cash and cash equivalents8,4167,1697,8819,9899,2709,839
Receivables8,6429,6447,3756,2728,6268,148
Inventory, net of allowances, customer advances and progress billings3,1442,5882,4033,9504,7974,481
Inventory3,1442,5882,4033,9504,7974,481
Other undisclosed current assets1,1091,4191,4222,0411,6881,729
Total current assets:21,31120,82019,08122,25224,38124,197
Noncurrent Assets
Operating lease, right-of-use asset1,1461,1801,3921,6041,8142,022
Property, plant and equipment2,2202,3052,5072,4542,5442,683
Intangible assets, net (including goodwill)17,59618,33819,07919,82220,56321,305
Goodwill10,84510,84510,84510,84510,84510,845
Intangible assets, net (excluding goodwill)6,7517,4938,2348,9779,71810,460
Other noncurrent assets164155170170210216
Total noncurrent assets:21,12621,97823,14824,05025,13126,226
TOTAL ASSETS:42,43742,79842,22946,30249,51250,423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,3277,9558,7157,4868,2989,248
Accounts payable5,8447,1566,4725,4255,6596,744
Accrued liabilities2,4837992,2432,0612,6392,504
Deferred revenue30     
Other undisclosed current liabilities1,9503,6961,2762,0282,9091,412
Total current liabilities:10,30711,6519,9919,51411,20710,660
Noncurrent Liabilities
Liabilities, other than long-term debt5406348251,0231,2261,463
Deferred income tax liabilities170158151145146142
Operating lease, liability3704766748781,0801,321
Total noncurrent liabilities:5406348251,0231,2261,463
Total liabilities:10,84712,28510,81610,53712,43312,123
Equity
Equity, attributable to parent, including:31,59030,51331,41335,76537,07938,300
Treasury stock, value(5,364)(5,364)(5,364)(5,364)(5,364)(5,364)
Accumulated other comprehensive income (loss)(1)13   
Accumulated deficit(83,489)(80,976)(78,521)(73,037)(71,156)(68,951)
Other undisclosed equity, attributable to parent120,444116,852115,295114,166113,599112,615
Total equity:31,59030,51331,41335,76537,07938,300
TOTAL LIABILITIES AND EQUITY:42,43742,79842,22946,30249,51250,423

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues15,18414,23110,07013,69615,83016,444
Cost of revenue(9,036)(8,655)(7,140)(8,460)(9,551)(10,126)
Gross profit:6,1485,5762,9305,2366,2796,318
Operating expenses(8,653)(8,205)(8,418)(7,146)(8,491)(9,108)
Operating loss:(2,505)(2,629)(5,488)(1,910)(2,212)(2,790)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
26344833(5)14
Loss from continuing operations before equity method investments, income taxes:(2,479)(2,595)(5,440)(1,877)(2,217)(2,776)
Other undisclosed income from continuing operations before income taxes     10 
Loss from continuing operations before income taxes:(2,479)(2,595)(5,440)(1,877)(2,207)(2,776)
Income tax expense (benefit)(34)140(44)(4)(2)(82)
Net loss:(2,513)(2,455)(5,484)(1,881)(2,209)(2,858)
Other undisclosed net income attributable to parent     4 
Net loss available to common stockholders, diluted:(2,513)(2,455)(5,484)(1,881)(2,205)(2,858)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(2,513)(2,455)(5,484)(1,881)(2,209)(2,858)
Comprehensive loss:(2,513)(2,455)(5,484)(1,881)(2,209)(2,858)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(2)3 4 
Comprehensive loss, net of tax, attributable to parent:(2,515)(2,457)(5,481)(1,881)(2,205)(2,858)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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