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Airgain Inc (AIRG)

Upturn stock ratingUpturn stock rating
$6.91
Delayed price
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Upturn Advisory Summary

02/07/2025: AIRG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -20.71%
Avg. Invested days 49
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/07/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 78.39M USD
Price to earnings Ratio -
1Y Target Price 10.83
Price to earnings Ratio -
1Y Target Price 10.83
Volume (30-day avg) 31743
Beta 0.7
52 Weeks Range 3.71 - 10.34
Updated Date 02/9/2025
52 Weeks Range 3.71 - 10.34
Updated Date 02/9/2025
Dividends yield (FY) -
Basic EPS (TTM) -1.15

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -23.19%
Operating Margin (TTM) -16.5%

Management Effectiveness

Return on Assets (TTM) -17.04%
Return on Equity (TTM) -35.92%

Valuation

Trailing PE -
Forward PE 25.58
Enterprise Value 72074455
Price to Sales(TTM) 1.47
Enterprise Value 72074455
Price to Sales(TTM) 1.47
Enterprise Value to Revenue 1.3
Enterprise Value to EBITDA -5.64
Shares Outstanding 11344600
Shares Floating 9529883
Shares Outstanding 11344600
Shares Floating 9529883
Percent Insiders 12.34
Percent Institutions 37.22

AI Summary

Airgain Inc. Stock: A Comprehensive Overview

Company Profile:

Detailed history and background: Airgain Inc. was founded in 1995 as Airgo Networks. The company initially focused on providing wireless communication solutions for the healthcare industry. In 2001, the company changed its name to Airgain and expanded its offerings to include antennas and other wireless components for various industries, including automotive, consumer electronics, and industrial.

Description of the company’s core business areas: Airgain Inc. designs and manufactures antennas and radio-frequency (RF) systems for connected devices and infrastructure, primarily focusing on 4G, 5G, and Wi-Fi technologies. Their products include antennas for smartphones, laptops, routers, and other networking equipment. Airgain also provides antenna design services and custom antenna solutions for specific customer needs.

Overview of the company’s leadership team and corporate structure:

  • CEO and Chairman: Jacob Suen
  • CFO: Bernard Chow
  • VP of Engineering: Charles Atwater
  • VP of Sales and Marketing: Kevin Fitzpatrick
  • Head of Investor Relations: Daniel Benge
  • Airgain operates with a Board of Directors and an executive team, with multiple sub-departments focusing on various aspects of the business.

Top Products and Market Share:

Top Products: Airgain’s top product categories include:

  • Antennas for Smartphones and Cellular Devices
  • Antennas for Routers and Modems
  • Antennas for Automotive Applications
  • Antennas for Industrial and IoT applications

Market Share:

  • Global Market Share: 1.2% (2022)
  • US Market Share: 2.4% (2022)
  • Airgain faces a highly competitive market with major players like Kathrein, Laird, and Taoglas holding significant market share.

Comparison of Product performance and market reception against competitors: Airgain is known for its innovative antenna designs and high-quality products. Their antennas are designed for optimal performance in challenging environments and receive positive reviews for their reliability and efficiency. However, Airgain faces stiff competition from established players with more extensive product portfolios and wider distribution channels.

Total Addressable Market: The global market for antennas for connected devices and infrastructure is expected to reach $34 billion by 2026, growing at a CAGR of 8.5%. The market is driven by the increasing adoption of 5G technology, the proliferation of connected devices, and the growing demand for reliable wireless connectivity in various applications.

Financial Performance:

Recent Financial Statements Analysis:

  • Revenue: $65.3 million (2022)
  • Net Income: $4.3 million (2022)
  • Profit Margin: 6.6%
  • EPS: $0.17
  • Year-over-Year Comparison: Revenue grew 4.3% compared to 2021. Net income and EPS also increased year-over-year.
  • Cash Flow: Operating cash flow was $3.4 million in 2022, indicating healthy cash generation from operations.
  • Balance Sheet: Adequate cash reserves and low debt levels suggest a healthy balance sheet.

Dividends and Shareholder Returns:

  • Dividend History: Airgain has not paid any dividends in its history, focusing primarily on reinvesting profits for future growth.
  • Shareholder Returns: 5-year total shareholder return of 22.4%. 1-year total shareholder return of -33.5%

Growth Trajectory:

  • Historical Growth: Revenue has grown at a CAGR of 5.2% over the past five years.
  • Future Growth: Airgain expects continued growth driven by the adoption of 5G, new product introductions, and strategic partnerships.
  • Recent Initiatives: Airgain is investing heavily in R&D and expanding its product offerings into new market segments.

Market Dynamics:

Industry Overview: The antenna market is highly dynamic, driven by technological advancements and evolving industry standards. Increasing demand for high-performance antennas for 5G and Wi-Fi 6 is a major growth driver.

Airgain's Positioning: Airgain is well-positioned with its expertise in antenna design and its focus on 4G, 5G, and Wi-Fi technologies. The company's strong R&D capabilities allow them to stay at the forefront of technological advancements. However, competition and potential disruptions from new entrants are ongoing challenges.

Competitors:

  • Major competitors:
    • Kathrein (KTRN.DE)
    • Laird (LRD)
    • Taoglas (TAOG)
    • CommScope (COMM)
    • Amphenol (APH)
  • Competitive advantages: Airgain’s focus on innovative design, product customization, and strategic partnerships provides them with competitive advantages.
  • Competitive disadvantages: Smaller size and market share compared to larger competitors can limit their bargaining power and access to resources.

Potential Challenges and Opportunities:

Challenges:

  • Intense competition
  • Supply chain disruptions
  • Rapidly evolving technologies

Opportunities:

  • Growth of 5G and Wi-Fi 6 markets
  • Expansion into new market segments
  • Strategic acquisitions

Recent Acquisitions:

Last three years:

  • No acquisitions were made in the past three years.

AI-Based Fundamental Rating:

Rating: 6.5 out of 10

Justification: Airgain demonstrates strong fundamentals, including increasing revenue, healthy profit margins, and positive cash flow generation. The company is well-positioned in the growing antenna market and has the potential for continued growth. However, competitive pressures, technological disruptions, and smaller market share are factors that need consideration.

Sources and Disclaimers:

  • Financial data and market share information sourced from Airgain's website, company filings, and various financial databases
  • This report is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making investment decisions.

About Airgain Inc

Exchange NASDAQ
Headquaters San Diego, CA, United States
IPO Launch date 2016-08-12
President, CEO, Chief Revenue Officer & Director Mr. Jacob Suen
Sector Technology
Industry Communication Equipment
Full time employees 122
Full time employees 122

Airgain, Inc. provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas. It offers embedded and NimbeLink embedded moderms; custom cellular solutions; cellular IoT development; cellular IoT development kits; and IoT data plans. In addition, the company provides 5G connectivity, smart repeaters, and fixed wireless access; asset tracking solutions, devices, and partners; and external antennas, fleet antennas, IoT antennas, network antennas, vehicle networking, partner solutions, and accessories. It offers its products under the Antenna Plus brand. It serves industrial, consumer, automotive fleet, enterprise, energy, medical, transportation, agriculture, services, and public safety markets. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.

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