Airgain Inc
NASDAQ:AIRG
Income Statement
Earnings Waterfall
Airgain Inc
Revenue
|
56m
USD
|
Cost of Revenue
|
-35.3m
USD
|
Gross Profit
|
20.8m
USD
|
Operating Expenses
|
-33.2m
USD
|
Operating Income
|
-12.4m
USD
|
Other Expenses
|
-28k
USD
|
Net Income
|
-12.4m
USD
|
Income Statement
Airgain Inc
Jun-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
13
N/A
|
12
-5%
|
12
-6%
|
18
+57%
|
28
+51%
|
31
+10%
|
34
+12%
|
40
+17%
|
43
+8%
|
46
+6%
|
49
+7%
|
49
+0%
|
50
+0%
|
52
+4%
|
54
+4%
|
57
+6%
|
61
+7%
|
62
+3%
|
62
-1%
|
59
-4%
|
56
-6%
|
52
-7%
|
49
-6%
|
49
0%
|
49
0%
|
55
+13%
|
61
+11%
|
63
+4%
|
64
+2%
|
64
+0%
|
66
+3%
|
70
+6%
|
76
+8%
|
75
-1%
|
71
-5%
|
66
-8%
|
56
-15%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7)
|
(7)
|
(7)
|
(11)
|
(16)
|
(18)
|
(20)
|
(22)
|
(24)
|
(25)
|
(27)
|
(26)
|
(26)
|
(27)
|
(29)
|
(31)
|
(34)
|
(35)
|
(35)
|
(33)
|
(30)
|
(28)
|
(26)
|
(26)
|
(26)
|
(31)
|
(34)
|
(37)
|
(40)
|
(40)
|
(41)
|
(43)
|
(48)
|
(48)
|
(45)
|
(42)
|
(35)
|
|
Gross Profit |
6
N/A
|
5
-6%
|
5
-8%
|
8
+55%
|
12
+49%
|
13
+10%
|
15
+16%
|
18
+19%
|
19
+9%
|
21
+8%
|
22
+8%
|
23
+2%
|
23
+2%
|
24
+4%
|
25
+2%
|
26
+4%
|
27
+4%
|
27
+2%
|
27
+0%
|
26
-3%
|
25
-4%
|
24
-6%
|
23
-5%
|
23
0%
|
23
+0%
|
24
+7%
|
26
+8%
|
26
-2%
|
25
-4%
|
25
+1%
|
25
+1%
|
27
+8%
|
28
+4%
|
27
-3%
|
26
-4%
|
24
-8%
|
21
-12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(5)
|
(5)
|
(8)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(20)
|
(21)
|
(22)
|
(25)
|
(28)
|
(28)
|
(29)
|
(29)
|
(26)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(28)
|
(32)
|
(34)
|
(37)
|
(38)
|
(37)
|
(37)
|
(37)
|
(36)
|
(35)
|
(34)
|
(33)
|
|
Selling, General & Administrative |
(4)
|
(3)
|
(3)
|
(5)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(13)
|
(14)
|
(15)
|
(17)
|
(19)
|
(19)
|
(19)
|
(18)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(20)
|
(22)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(26)
|
(25)
|
(24)
|
(23)
|
|
Research & Development |
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
0
N/A
|
0
-24%
|
(0)
N/A
|
(1)
-16%
|
(0)
+37%
|
0
N/A
|
1
+1 425%
|
3
+107%
|
3
+37%
|
4
+9%
|
3
-29%
|
2
-39%
|
1
-40%
|
(1)
N/A
|
(3)
-358%
|
(3)
+4%
|
(2)
+23%
|
(2)
+0%
|
2
N/A
|
1
-31%
|
0
-67%
|
(1)
N/A
|
(2)
-99%
|
(2)
+0%
|
(3)
-45%
|
(4)
-18%
|
(6)
-57%
|
(9)
-48%
|
(12)
-39%
|
(13)
-5%
|
(12)
+9%
|
(10)
+15%
|
(9)
+12%
|
(9)
-4%
|
(10)
-7%
|
(10)
-7%
|
(12)
-22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
3
N/A
|
2
-49%
|
(0)
N/A
|
(0)
N/A
|
(0)
-23%
|
(0)
+67%
|
1
N/A
|
3
+86%
|
4
+45%
|
4
+8%
|
3
-35%
|
2
-35%
|
1
-32%
|
(0)
N/A
|
(3)
-921%
|
(3)
+5%
|
(2)
+22%
|
(1)
+58%
|
3
N/A
|
2
-17%
|
1
-53%
|
(0)
N/A
|
(2)
-272%
|
(2)
-9%
|
(3)
-61%
|
(4)
-23%
|
(6)
-59%
|
(9)
-49%
|
(12)
-39%
|
(13)
-5%
|
(12)
+9%
|
(10)
+15%
|
(9)
+12%
|
(9)
-4%
|
(10)
-7%
|
(10)
-7%
|
(12)
-21%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
2
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
3
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
3
|
4
|
4
|
3
|
2
|
1
|
(0)
|
(3)
|
(3)
|
(3)
|
(1)
|
3
|
2
|
1
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(4)
|
(7)
|
(10)
|
(13)
|
(12)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(12)
|
|
Net Income (Common) |
2
N/A
|
1
-76%
|
(1)
N/A
|
(2)
-43%
|
(3)
-32%
|
(3)
+7%
|
(1)
+59%
|
0
N/A
|
2
+400%
|
3
+39%
|
2
-25%
|
2
-28%
|
1
-31%
|
(0)
N/A
|
(3)
-867%
|
(3)
+6%
|
(3)
+21%
|
(1)
+56%
|
3
N/A
|
2
-21%
|
1
-56%
|
(1)
N/A
|
(2)
-226%
|
(2)
-6%
|
(3)
-53%
|
(2)
+44%
|
(4)
-102%
|
(7)
-76%
|
(10)
-55%
|
(13)
-27%
|
(12)
+8%
|
(10)
+15%
|
(9)
+14%
|
(9)
-4%
|
(10)
-7%
|
(10)
-6%
|
(12)
-22%
|
|
EPS (Diluted) |
0.3
N/A
|
0.07
-77%
|
-0.2
N/A
|
-3.12
-1 460%
|
-0.38
+88%
|
-0.35
+8%
|
-0.14
+60%
|
0.06
N/A
|
0.47
+683%
|
0.29
-38%
|
0.23
-21%
|
0.17
-26%
|
0.11
-35%
|
-0.05
N/A
|
-0.38
-660%
|
-0.32
+16%
|
-0.27
+16%
|
-0.11
+59%
|
0.27
N/A
|
0.22
-19%
|
0.09
-59%
|
-0.05
N/A
|
-0.2
-300%
|
-0.22
-10%
|
-0.34
-55%
|
-0.16
+53%
|
-0.38
-138%
|
-0.65
-71%
|
-1.01
-55%
|
-1.27
-26%
|
-1.17
+8%
|
-1
+15%
|
-0.85
+15%
|
-0.88
-4%
|
-0.93
-6%
|
-0.98
-5%
|
-1.2
-22%
|