A Business at a Glance
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AIRGAIN INC
AIRG
$70M
Mkt Cap
$5.86
-3.46%
AIRGAIN INC (AIRG) has a 5-year average return on invested capital (ROIC) of -25.4%. This is below average and may indicate limited pricing power.
AIRGAIN INC (AIRG) has a market capitalization of $74M. It is classified as a small-cap stock.
AIRGAIN INC (AIRG) does not currently pay a regular dividend.
AIRGAIN INC (AIRG) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
AIRGAIN INC (AIRG) reported annual revenue of $52 million in its most recent fiscal year, based on SEC EDGAR filings.
AIRGAIN INC (AIRG) has a net profit margin of -12.4%. The company is currently unprofitable.
AIRGAIN INC (AIRG) generated $-1 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Headquartered in San Diego, California, Airgain, Inc. (NASDAQ: AIRG) is a leading provider of advanced wireless connectivity solutions. We are focused on delivering high-performance, cost-effective, and energy-efficient wireless solutions that enable rapid market deployment. Our mission is to connect the world through integrated, innovative, and optimized wireless solutions. Our diverse product portfolio serves three primary markets: enterprise, automotive, and consumer. While historically recognized for high-performance radio frequency (RF) components, Airgain is increasingly delivering integrated, system-level connectivity solutions that combine hardware, software and cloud management. Our enterprise products include Smart Network Controlled Cellular Repeaters (Smart NCRs), embedded cellular modems, asset tracking solutions, and antennas for access points and Internet of Things (IoT) applications.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 51M | 52M | 61M | 56M | 76M | 64M |
| Net Income | -6.8M | -6.4M | -8.7M | -12M | -8.7M | -10M |
| EPS | $-0.56 | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 |
| Free Cash Flow | -1.0M | -1.3M | -3.7M | -3.6M | 3.7M | -12M |
| ROIC | -28.4% | -21.7% | -27.9% | -34.9% | -20.6% | -21.9% |
| Gross Margin | 43.6% | 43.5% | 40.9% | 37.1% | 36.9% | 38.3% |
| Debt/Equity | 0.00 | 0.17 | 0.13 | 0.05 | 0.06 | 0.07 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -7.5M | -8.5M | -8.9M | -12M | -8.6M | -12M |
| Operating Margin | -14.6% | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% |
| ROE | -24.2% | -21.7% | -27.9% | -34.9% | -20.6% | -21.9% |
| Shares Outstanding | 13M | 12M | 11M | 10M | 10M | 10M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 26M | 28M | 43M | 50M | 61M | 56M | 49M | 64M | 76M | 56M | 61M | 52M | 51M |
| Gross Margin | 44.6% | 41.9% | 44.4% | 47.1% | 43.7% | 45.4% | 46.6% | 38.3% | 36.9% | 37.1% | 40.9% | 43.5% | 43.6% |
| R&D | 3.3M | 4.3M | 5.6M | 7.3M | 9.3M | 9.0M | 9.2M | 11M | 11M | 11M | 12M | 9.5M | 9.3M |
| SG&A | 3.0M | 3.5M | 4.5M | 8.0M | 9.5M | 8.9M | 10M | 14M | 14M | 14M | 13M | 12M | 11M |
| EBIT | 851K | -331K | 3.5M | 969K | -3.4M | 380K | -3.2M | -12M | -8.6M | -12M | -8.9M | -8.5M | -7.5M |
| Op. Margin | 3.3% | -1.2% | 7.9% | 2.0% | -5.6% | 0.7% | -6.6% | -18.9% | -11.3% | -22.1% | -14.7% | -16.4% | -14.6% |
| Net Income | 3.6M | N/A | 2.2M | 1.1M | -2.6M | 926K | -3.3M | -10M | -8.7M | -12M | -8.7M | -6.4M | -6.8M |
| Net Margin | 14.1% | N/A | 5.1% | 2.3% | -4.3% | 1.7% | -6.8% | -15.7% | -11.4% | -22.2% | -14.3% | -12.4% | -13.2% |
| Non-Recurring | 25K | 0 | 0 | 0 | -39K | 0 | -11K | -21K | -4K | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | N/A | 132.6% | 7.5% | -5.5% | 1.4% | -6.9% | -21.9% | -20.6% | -34.9% | -27.9% | -21.7% | -28.4% |
| ROE | -9.3% | N/A | 78.2% | 2.5% | -5.7% | 2.0% | -6.9% | -21.9% | -20.6% | -34.9% | -27.9% | -21.7% | -24.2% |
| ROA | N/A | N/A | 6.2% | 2.0% | -4.7% | 1.7% | -6.0% | -16.6% | -14.3% | -25.7% | -19.2% | -13.7% | -15.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.6M | 1.8M | 4.7M | -255K | 1.4M | 2.4M | 3.7M | -11M | 4.4M | -3.3M | -3.5M | -1.1M | -847K |
| Free Cash Flow | 664K | 1.7M | 4.4M | -518K | 387K | 1.2M | 3.0M | -12M | 3.7M | -3.6M | -3.7M | -1.3M | -1.0M |
| Owner Earnings | 619K | 1.0M | 3.5M | -2.0M | -2.8M | -984K | 48K | -19M | -4.2M | -11M | -12M | -7.8M | -9.2M |
| CapEx | 985K | 133K | 276K | 263K | 990K | 1.2M | 727K | 736K | 763K | 346K | 178K | 166K | 179K |
| Maint. CapEx | 372K | 473K | 869K | 1.0M | 1.3M | 1.1M | 1.1M | 3.6M | 3.7M | 3.6M | 3.6M | 3.7M | 5.6M |
| Growth CapEx | 613K | 0 | 0 | 0 | 0 | 66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 372K | 473K | 869K | 1.0M | 1.3M | 1.1M | 1.1M | 3.6M | 3.7M | 3.6M | 3.6M | 3.7M | 5.6M |
| CapEx/OCF | N/A | N/A | 5.9% | N/A | 71.9% | 51.3% | 19.6% | N/A | 17.2% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 1.3M | 2.2M | 1.2M | 608K | 97K | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | 1.3% | 2.3% | 1.1% | 0.4% | 0.1% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 658K | 342K | 299K | 736K | 2.9M | 2.2M | 2.6M | 4.0M | 5.0M | 3.7M | 4.6M | 3.0M | 2.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -3.1M | -989K | -42M | -34M | -32M | N/A | N/A | -11M | -9.5M | -6.3M | -4.6M | -2.7M | -7.1M |
| Cash & Equiv. | 3.6M | 5.3M | 45M | 15M | 14M | 13M | 38M | 15M | 12M | 7.9M | 8.5M | 7.4M | 7.1M |
| Long-Term Debt | 500K | 2.7M | 1.3M | 1.4M | 1.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.01 | -0.11 | 0.06 | 0.06 | 0.03 | 0.14 | 0.15 | 0.07 | 0.06 | 0.05 | 0.13 | 0.17 | 0.00 |
| Interest Coverage | 19.9 | -8.4 | 19.4 | 9.8 | -109.2 | 76.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | -38M | -39M | 45M | 46M | 45M | 48M | 48M | 44M | 40M | 31M | 31M | 28M | 28M |
| Total Assets | 0 | 15M | 56M | 56M | 53M | 55M | 55M | 66M | 54M | 42M | 48M | 45M | 43M |
| Total Liabilities | -337K | 12M | 11M | 10M | 7.8M | 6.8M | 7.2M | 22M | 15M | 11M | 17M | 17M | 15M |
| Intangibles | N/A | 345K | 287K | 1.1M | 859K | 687K | 3.2M | 14M | 11M | 8.2M | 5.8M | 2.8M | 3.0M |
| Retained Earnings | N/A | -46M | -44M | -42M | -45M | -44M | -47M | -57M | -66M | -79M | -87M | -94M | -96M |
| Working Capital | N/A | 1.8M | 42M | 36M | 36M | 38M | 39M | 16M | 14M | 9.1M | 12M | 13M | 12M |
| Current Assets | N/A | 9.4M | 51M | 46M | 43M | 45M | 45M | 35M | 27M | 19M | 26M | 26M | 24M |
| Current Liabilities | N/A | 7.6M | 9.2M | 9.7M | 7.5M | 6.8M | 6.9M | 20M | 13M | 10.0M | 14M | 13M | 12M |
| Per Share Data | |||||||||||||
| EPS | 6.46 | -4.30 | 0.40 | 0.11 | -0.27 | 0.09 | -0.34 | -1.01 | -0.85 | -1.20 | -0.79 | -0.54 | -0.56 |
| Owner EPS | 1.11 | 1.55 | 0.64 | -0.19 | -0.29 | -0.10 | 0.00 | -1.88 | -0.42 | -1.02 | -1.07 | -0.65 | -0.73 |
| Book Value | -67.78 | -59.19 | 8.20 | 4.46 | 4.72 | 4.66 | 4.95 | 4.42 | 3.91 | 3.03 | 2.82 | 2.38 | 2.21 |
| Cash Flow/Share | 2.97 | 2.78 | 0.85 | -0.02 | 0.14 | 0.23 | 0.38 | -1.12 | 0.44 | -0.32 | -0.32 | -0.09 | -0.09 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.6M | 0.7M | 5.5M | 10.4M | 9.6M | 10.3M | 9.6M | 10.0M | 10.2M | 10.4M | 11.0M | 11.9M | 12.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 37.3 | 85.2 | N/A | 116.4 | N/A | N/A | N/A | N/A | N/A | N/A | -10.5 |
| P/FCF | N/A | N/A | 18.6 | N/A | 248.4 | 93.4 | 57.7 | N/A | 16.5 | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | 65.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 1.8 | 2.1 | 2.1 | 2.3 | 3.6 | 2.4 | 1.5 | 1.2 | 2.5 | 1.7 | 2.6 |
| Price/Sales | N/A | N/A | 1.9 | 2.6 | 1.6 | 2.3 | 2.2 | 2.7 | 1.1 | 0.9 | 1.2 | 1.1 | 1.4 |
| FCF Yield | N/A | N/A | 5.4% | -0.5% | 0.4% | 1.1% | 1.7% | -11.1% | 6.1% | -9.8% | -4.7% | -2.7% | -1.4% |
| Market Cap | 0 | N/A | 82M | 97M | 96M | 108M | 172M | 108M | 61M | 37M | 79M | 48M | 74M |
| Avg. Price | 0.00 | N/A | 15.09 | 12.42 | 10.26 | 12.27 | 10.94 | 17.40 | 8.38 | 5.07 | 6.41 | 4.63 | 5.86 |
| Year-End Price | 0.00 | N/A | 14.91 | 9.37 | 10.05 | 10.48 | 17.82 | 10.77 | 5.95 | 3.59 | 7.16 | 4.00 | 5.86 |
AIRGAIN INC passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 39.3%. At current prices, the estimated annualized return to fair value is -20.6%.
AIRGAIN INC (AIRG) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
AIRGAIN INC (AIRG) reported earnings per share (EPS) of $-0.54 in its most recent fiscal year.
AIRGAIN INC (AIRG) has a return on equity (ROE) of -21.7%. A negative ROE may indicate losses or negative equity.
AIRGAIN INC (AIRG) has a 5-year average gross margin of 39.3%. This indicates decent pricing power.
The Ledger Terminal provides 12 years of financial data for AIRGAIN INC (AIRG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AIRGAIN INC (AIRG) has a book value per share of $2.38, based on its most recent annual SEC filing.