AIRGAIN INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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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$4.12-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(12,428) | $(8,659) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation | 661 | 675 |
| Loss on disposal of property and equipment | — | 4 |
| Amortization of intangible assets | 2,969 | 3,026 |
| Stock-based compensation | 3,681 | 4,978 |
| Deferred tax liability | 12 | 30 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | 1,367 | 2,015 |
| Inventories | 1,823 | 4,723 |
| Prepaid expenses and other current assets | 822 | (1,012) |
| Other assets | 6 | 137 |
| Accounts payable | (93) | 1,037 |
| Accrued compensation | (1,253) | (35) |
| Accrued liabilities and other | (793) | (370) |
| Payments of contingent consideration fair value changes | — | (2,040) |
| Lease liabilities | (75) | (63) |
| Net cash (used in) provided by operating activities | (3,301) | 4,446 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (346) | (763) |
| Proceeds from sale of equipment | — | 13 |
| Net cash used in investing activities | (346) | (750) |
| Cash flows from financing activities: | ||
| Cash paid for business acquisition contingent consideration | — | (6,532) |
| Payments for withholding taxes related to net share settlement of equity awards | (690) | — |
| Issuance of shares for stock purchase and option plans | 232 | 228 |
| Net cash used in financing activities | (458) | (6,304) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3 | — |
| Net decrease in cash, cash equivalents and restricted cash | (4,102) | (2,608) |
| Cash, cash equivalents, and restricted cash; beginning of period | 12,078 | 14,686 |
| Cash, cash equivalents, and restricted cash; end of period | $7,976 | $12,078 |
| Supplemental disclosure of cash flow information: | ||
| Taxes paid | $112 | $197 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Operating lease liabilities resulting from right-of-use assets | $11 | $— |
| Accrual of property and equipment | $58 | $— |
| Cash and cash equivalents and restricted cash | $7,881 | $11,903 |
| Restricted cash included in other assets | 95 | $175 |
| Total cash, cash equivalents, and restricted cash | $7,976 | $12,078 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.