Airgain, Inc. (AIRG)

Airgain Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	53.83	56.04	75.9	64.27	48.5	55.74
Revenue Growth (YoY)	-28.06%	-26.16%	18.08%	32.52%	-12.98%	-8.06%
Cost of Revenue	33.81	35.28	47.92	39.67	25.92	30.42
Gross Profit	20.02	20.76	27.97	24.61	22.59	25.32
Selling, General & Admin	21.08	22.66	25.21	23.77	16.61	15.96
Research & Development	11.18	10.51	11.35	10.92	9.16	8.99
Operating Expenses	32.26	33.16	36.55	34.69	25.77	24.94
Operating Income	-12.24	-12.4	-8.58	-10.08	-3.18	0.38
Other Expense / Income	-0.12	-0.1	-0.01	2.05	-0.18	-0.71
Pretax Income	-12.12	-12.3	-8.58	-12.14	-3.01	1.09
Income Tax	-0.09	0.13	0.08	-2.05	0.27	0.16
Net Income	-12.03	-12.43	-8.66	-10.09	-3.28	0.93
Shares Outstanding (Basic)	11	10	10	10	10	10
Shares Outstanding (Diluted)	11	10	10	10	10	10
Shares Change	2.59%	1.98%	1.71%	3.14%	-3.79%	6.05%
EPS (Basic)	-1.15	-1.20	-0.85	-1.01	-0.34	0.10
EPS (Diluted)	-1.15	-1.20	-0.85	-1.01	-0.34	0.09
Free Cash Flow	-3.3	-3.65	3.7	-11.91	2.98	1.15
Free Cash Flow Per Share	-0.31	-0.35	0.36	-1.19	0.31	0.12
Gross Margin	37.20%	37.05%	36.86%	38.29%	46.57%	45.43%
Operating Margin	-22.74%	-22.13%	-11.31%	-15.69%	-6.56%	0.68%
Profit Margin	-22.34%	-22.18%	-11.41%	-15.69%	-6.76%	1.66%
Free Cash Flow Margin	-6.14%	-6.51%	4.87%	-18.52%	6.14%	2.07%
Effective Tax Rate	-	-	-	-	-	14.97%
EBITDA	-8.5	-8.67	-4.87	-8.59	-1.91	2.24
EBITDA Margin	-15.80%	-15.47%	-6.42%	-13.36%	-3.95%	4.01%
Depreciation & Amortization	3.62	3.63	3.7	3.55	1.09	1.15
EBIT	-12.12	-12.3	-8.58	-12.14	-3.01	1.09
EBIT Margin	-22.51%	-21.95%	-11.30%	-18.88%	-6.20%	1.95%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).