/
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.
The business is unprofitable at the operating level (-16.38% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 14.6% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$51M
▼ -14.6% YoY
Net Income (TTM)
-$7M
▲ +26.0% YoY
Op. Margin
-14.63%
▼ -1.7pp YoY
ROIC
-17.69%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +65.5% YoY
Op. Cash Flow (TTM)
-$847K
▲ +68.4% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$7M
5Y CAGR: +1.3%
Continue Research