Airgain, Inc. (AIRG) financial statements (2022 and earlier)

Company profile

Business Address 3611 VALLEY CENTRE DRIVE
SAN DIEGO, CA 92130
State of Incorp.
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,51138,17334,88333,79036,31345,161
Cash and cash equivalents14,51138,17313,19713,62115,02645,161
Short-term investments  21,68620,16921,287 
Restricted cash and investments 200    
Receivables10,7574,7827,6567,0138,4185,155
Inventory, net of allowances, customer advances and progress billings8,9491,0161,1931,351742147
Inventory8,9491,0161,1931,351742147
Other undisclosed current assets1,2721,2621,379931610350
Total current assets:35,48945,43345,11143,08546,08350,813
Noncurrent Assets
Operating lease, right-of-use asset2,777  
Property, plant and equipment2,6982,3772,1081,4011,037807
Intangible assets, net (including goodwill)25,0744,2414,3874,5594,7531,537
Goodwill10,8453,7003,7003,7003,7001,250
Intangible assets, net (excluding goodwill)14,2295416878591,052287
Other noncurrent assets3522491026935084
Other undisclosed noncurrent assets 2,6273,1103,5934,0762,823
Total noncurrent assets:30,9019,4949,6159,82210,2155,251
TOTAL ASSETS:66,39054,92754,72652,90756,29856,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,3616,6976,6747,4297,3156,770
Accounts payable5,4742,9753,8384,1373,9693,949
Accrued liabilities1,2775581,4516521,1221,072
Employee-related liabilities2,0132,6551,3852,6402,2251,749
Taxes payable597509    
Debt    1,3331,389
Other undisclosed current liabilities10,52615985811,0811,081
Total current liabilities:19,8876,8566,7597,5119,7309,240
Noncurrent Liabilities
Long-term debt and lease obligation2,221    1,333
Long-term debt, excluding current maturities     1,333
Operating lease, liability2,221  
Liabilities, other than long-term debt10932911249343458
Accounts payable and accrued liabilities 27111211335452
Deferred tax liabilities, net3886
Deferred income tax liabilities10958 
Other undisclosed noncurrent liabilities  52   
Total noncurrent liabilities:2,330329632493431,791
Total liabilities:22,2177,1856,8227,76010,07311,031
Stockholders' equity
Stockholders' equity attributable to parent, including:44,17347,74247,90445,14746,22545,032
Common stock  1111
Treasury stock, value(5,364)(5,267)(4,659)(3,432)(1,257) 
Additional paid in capital  96,62293,58389,90888,582
Accumulated other comprehensive income (loss)  8(11)(17) 
Accumulated deficit(57,434)(47,347)(44,068)(44,994)(42,410)(43,551)
Other undisclosed stockholders' equity attributable to parent106,971100,356    
Total stockholders' equity:44,17347,74247,90445,14746,22545,032
TOTAL LIABILITIES AND EQUITY:66,39054,92754,72652,90756,29856,064

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues64,27348,50255,73960,62549,52143,434
Revenue, net49,52143,434
Cost of revenue(39,666)(25,917)(30,415)(34,114)(26,219)(24,157)
Gross profit:24,60722,58525,32426,51123,30219,277
Operating expenses(36,731)(25,769)(24,944)(29,897)(22,333)(15,825)
Operating income (loss):(12,124)(3,184)380(3,386)9693,452
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(12)178709903198290
Interest and debt expense  (5)(31)(99)(178)
Income (loss) from continuing operations before equity method investments, income taxes:(12,136)(3,006)1,084(2,514)1,0683,564
Other undisclosed income from continuing operations before income taxes  53199178
Income (loss) from continuing operations before income taxes:(12,136)(3,006)1,089(2,483)1,1673,742
Income tax expense (benefit)2,049(273)(163)(102)(26)(8)
Net income (loss) attributable to parent:(10,087)(3,279)926(2,584)1,1413,734
Preferred stock dividends and other adjustments     (1,537)
Net income (loss) available to common stockholders, basic:(10,087)(3,279)926(2,584)1,1412,197
Convertible preferred dividends     125
Other undisclosed net loss available to common stockholders, diluted     (460)
Net income (loss) available to common stockholders, diluted:(10,087)(3,279)926(2,584)1,1411,862

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(10,087)(3,279)926(2,584)1,1413,734
Comprehensive income (loss):(10,087)(3,279)926(2,584)1,1413,734
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (8)196(17) 
Comprehensive income (loss), net of tax, attributable to parent:(10,087)(3,287)945(2,579)1,1243,734

Statements sources

The financial statements are based on the company's filings with the 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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