AIRGAIN INC

For the period ended Dec 31, 2023. Filed Mar 6, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 6, 2024

AIRG$4.31+6.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in thousands, except par value)

	As of December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$7,881	$11,903
Trade accounts receivable, net	7,375	8,741
Inventories	2,403	4,226
Prepaid expenses and other current assets	1,422	2,284
Total current assets	19,081	27,154
Property and equipment, net	2,507	2,765
Leased right-of-use assets	1,392	2,217
Goodwill	10,845	10,845
Intangible assets, net	8,234	11,203
Other assets	170	216
Total assets	$42,229	$54,400
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$6,472	$6,507
Accrued compensation	728	2,874
Accrued liabilities and other	1,926	2,615
Short-term lease liabilities	865	904
Total current liabilities	9,991	12,900
Deferred tax liability	151	139
Long-term lease liabilities	674	1,536
Total liabilities	10,816	14,575
Commitments and contingencies (Note 14)
Stockholders’ equity:
Common stock and additional paid-in capital, par value $0.0001, 200,000 shares authorized; 11,010 shares issued and 10,469 shares outstanding at December 31, 2023; and 10,767 shares issued and 10,226 shares outstanding at December 31, 2022	115,295	111,282
Treasury stock, at cost: 541 shares at December 31, 2023 and 2022	(5,364)	(5,364)
Accumulated deficit	(78,521)	(66,093)
Accumulated other comprehensive income	3	—
Total stockholders’ equity	31,413	39,825
Total liabilities and stockholders’ equity	$42,229	$54,400

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.