Airgain

Communications mobile telecommunications wireless

Airgain is a wireless system innovator focused on improving the mass market's wireless connectivity experience through its patented smart antenna technology, embedded antenna designs, and modular wireless video and system products. The Company designs, develops and engineers its antenna products and connectivity solutions for original equipment and design manufacturers worldwide.

Revenue(FY, 2017)

$49.5 M

Market capitalization(2018-06-22)

$84.8 M

Units Shipped(FY, 2016)

159 M

Type

Public

San Diego, US

Founded

1995

Size (employees)

42 (est)

Website

airgain.com

Airgain was founded in 1995 and is headquartered in San Diego, US

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Key People/Management at Airgain

Charles Myers

President and Chief Executive Officer

Jim Sims

Chairman

Glenn Selbo

COO

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Airgain Office Locations

Airgain has offices in Suzhou, Zhubei, Lode, Shenzhen and in 1 other location

San Diego, US (HQ)

150 3611 Valley Centre Dr

Shenzhen, CN

14E Hanking Building

Suzhou, CN

Building No. 18, Xixin Industrial Park

Zhubei, TW

2F-7, No. 8, Taiyuan 1st Street

Lode, GB

46 Lode Rd

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Airgain Financials and Metrics

Airgain Financials

Airgain's revenue was reported to be $49.52 m in FY, 2017

Summary

USD
Revenue (Q1, 2018)	13.3 m
Gross profit (Q1, 2018)	6.2 m
Gross profit margin (Q1, 2018), %	46.6%
Net income (Q1, 2018)	(1.1 m)
EBIT (Q1, 2018)	(1.2 m)
Market capitalization (22-Jun-2018)	84.8 m
Closing share price (22-Jun-2018)	8.8
Cash (31-Mar-2018)	15.5 m

Airgain's current market capitalization is $84.8 m.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	25.5 m	27.8 m	43.4 m	49.5 m
Revenue growth, %		9%	56%
Cost of goods sold	14.1 m	16.1 m	24.2 m	26.2 m
Gross profit	11.4 m	11.6 m	19.3 m	23.3 m

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	8.5 m	9.9 m	12.4 m	11.3 m	13 m	12.4 m	13.3 m
Cost of goods sold	4.8 m	5.3 m	6.9 m	6 m	6.9 m	6.4 m	7.1 m
Gross profit	3.7 m	4.5 m	5.6 m	5.3 m	6.1 m	6 m	6.2 m
Gross profit Margin, %	43%	46%	45%	47%	47%	48%	47%

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Balance Sheet

Annual

USD	FY, 2015	FY, 2016	FY, 2017
Cash	5.3 m	45.2 m	15 m
Accounts Receivable	3.7 m	5.2 m
Prepaid Expenses	191.5 k	349.6 k
Inventories	119.5 k	146.8 k	741.6 k

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	5.3 m	16.8 m	41.9 m	36.6 m	18.2 m	15.5 m
Accounts Receivable	4.6 m	5.8 m	7.5 m	8.1 m	7.7 m
Prepaid Expenses	485.5 k	439.4 k	318.9 k	401.8 k	749.1 k
Inventories	77.2 k	105 k	108.3 k	609.2 k	609.9 k	518.7 k

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	3.6 m	(270.3 k)	3.7 m	1.1 m
Depreciation and Amortization	371.6 k	472.7 k	868.7 k	436.2 k
Inventories		(119.7 k)	(27.1 k)	(162 k)
Accounts Payable	173.9 k	298.9 k	1.1 m	(101.8 k)

Quarterly

USD	Q2, 2016	Q3, 2016	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	1.5 m	2.6 m	315 k	549.3 k	(1.1 m)
Depreciation and Amortization	419 k	633.4 k	544.3 k	733 k	290.8 k
Inventories	42.5 k	14.7 k	(29.7 k)	(30.3 k)	222.9 k
Accounts Payable	827.5 k	1.3 m	82.6 k	(123.1 k)	246.7 k