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
IR: See website
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, offering a range of embedded components, external antennas, and integrated systems worldwide. The Company's enterprise products include embedded cellular modems, antennas for access points and Internet of Things applications, and asset trackers. Its consumer products include embedded antennas for consumer access points, wireless gateways, smart home devices and fixed wireless access devices. The Company's automotive products include aftermarket antennas that are typically connected to third-party cellular and Wi-Fi-enabled routers, digital video evidence devices, and telematics gateways. It has launched a second generation AirgainConnect Fleet system solution, which is a roof-mounted 5G vehicle gateway, combining a cellular modem, antennas, and additional features into a single device. Its NimbeLink embedded modems serves enterprise sectors requiring cellular connectivity such as packaging, logistics, and smart cities.
Financial Overview
For the three months ended 31 March 2024, Airgain Inc revenues decreased 13% to $14.2M. Net loss decreased 14% to $2.5M. Revenues reflect China segment decrease of 45% to $3.3M, North America segment decrease of 1% to $10M. Lower net loss reflects Antenna segment loss decrease of 6% to $2.6M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.28 to -$0.23.
Employees: 122 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $66.55M as of Mar 31, 2024
Annual revenue (TTM): $53.83M as of Mar 31, 2024
EBITDA (TTM): -$8.47M as of Mar 31, 2024
Net annual income (TTM): -$12.03M as of Mar 31, 2024
Free cash flow (TTM): -$3.30M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 10,777,426 as of May 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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