AIRGAIN INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
AIRG$4.12-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales | $16,101 | $13,696 | $45,516 | $45,970 |
| Cost of goods sold | 9,387 | 8,460 | 27,078 | 28,137 |
| Gross profit | 6,714 | 5,236 | 18,438 | 17,833 |
| Operating expenses: | ||||
| Research and development | 2,855 | 2,298 | 9,091 | 7,337 |
| Sales and marketing | 2,395 | 1,704 | 6,902 | 6,875 |
| General and administrative | 3,278 | 3,144 | 9,393 | 10,533 |
| Total operating expenses | 8,528 | 7,146 | 25,386 | 24,745 |
| Loss from operations | (1,814) | (1,910) | (6,948) | (6,912) |
| Other (income) expense: | ||||
| Interest income, net | (29) | (34) | (82) | (68) |
| Other expense, net | 11 | 1 | 4 | 16 |
| Total other income, net | (18) | (33) | (78) | (52) |
| Loss before income taxes | (1,796) | (1,877) | (6,870) | (6,860) |
| Income tax (benefit) expense | (39) | 4 | (145) | 84 |
| Net loss | $(1,757) | $(1,881) | $(6,725) | $(6,944) |
| Net loss per share: | ||||
| Basic | $(0.16) | $(0.18) | $(0.62) | $(0.67) |
| Diluted | $(0.16) | $(0.18) | $(0.62) | $(0.67) |
| Weighted average shares used in calculating loss per share: | ||||
| Basic | 11,315 | 10,430 | 10,930 | 10,370 |
| Diluted | 11,315 | 10,430 | 10,930 | 10,370 |
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