Airgain Inc (OQ:AIRG)

Sector:  Technology Industry:  Communications & Networking
 
See Regulatory Filings on SEC
Company Contact
Address: 3611 Valley Centre Dr Ste 150
SAN DIEGO CA 92130-3331
Tel: 1-949-5743860
Website: https://www.airgain.com
IR: See website
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Key People
Jacob Suen
President, Chief Executive Officer, Director
Michael Elbaz
Chief Financial Officer, Company Secretary
 
Business Overview
Airgain, Inc. is a provider of wireless connectivity solutions and technologies used to enable networking across a range of devices and markets, including consumer, enterprise, and automotive. Its technologies are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems include set-top boxes, access points, routers, modems, gateways, media adapters, portables, digital televisions, sensors, fleet, and asset tracking devices. Its product includes three distinct sub-brands. Airgain Embedded represents its embedded modems, antennas, and development kits that help design teams bring connected products to market quickly. Airgain Antenna+ represents its external antennas, such as fleet and Internet of things antennas, that help enhance wireless signals in some of the harshest environments. Airgain Integrated represents its fully integrated products, such as asset trackers, 5G connectivity solutions, and AirgainConnect platform.
Financial Overview
For the six months ended 30 June 2023, Airgain Inc revenues decreased 12% to $32.3M. Net loss increased 22% to $5.1M. Revenues reflect North America segment decrease of 14% to $19.6M, China segment decrease of 5% to $12M. Higher net loss reflects General and administrative - Balancing v increase of 15% to $6.3M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.41 to -$0.49.
Employees: 141 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $29.72M as of Jun 30, 2023
Annual revenue (TTM): $71.36M as of Jun 30, 2023
EBITDA (TTM): -$5.70M as of Jun 30, 2023
Net annual income (TTM): -$9.58M as of Jun 30, 2023
Free cash flow (TTM): -$0.23M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 10,423,964 as of Aug 2, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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