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Company Analysis

Airgain, Inc. AIRG

A comprehensive view of key metrics, scores, and financial health for Airgain, Inc.

Overview of Airgain, Inc.

AIRG NCM
Technology Communication Equipment Framework: General Corporate Micro Cap
Airgain, Inc. (AIRG), is a Micro Cap company, in the Communication Equipment industry, last closed at $4.12, about 9.7% undervalued vs fair value, +1.2% 1Y return, ranked 516/780 in sector.
Metrics Rev Growth -14.5% ROE -21.7% Gross Margin 43.5%
USD 4.12
-1.55%
(Delayed)
• Vol 90d: 47.9%
52-Week Range
Market Cap
$53.97M
Enterprise Value
$46.36M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Completeness: 82%
Confidence: 90%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.airgain.com
HQ San Diego, CA
Employees 121
Fiscal year Dec 31

Next Events

Earnings Nov 10 Call: Nov 10

Fair Value Snapshot

Bear Base Bull
$4
$5
$5
Current: $4.12 +10% vs base

Engine Room Money Flow™

Micro Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$51.8M
-14.6%%
Gross Profit
$22.5M
-9.1%%
Operating Income
-$8.5M
5%%
Net Income
-$6.4M
26%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
23.4%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
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Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Airgain, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
39
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.76), demonstrating pricing resilience across cycles.
  • Operating Leverage in Effect Operating leverage is evident (score 0.61), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 17.0th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.15), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
46
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 85% Coverage
Trade-Off Triangle Visualization A ternary plot showing AIRG's balance between Growth (26.0%), Profitability (27.9%), and Safety (46.1%). Growth 26% Safety 46% Profitability 28%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

26th percentile vs peers
26
Key Signals
EPS Growth YoY 30.9% 64p Rev Growth YoY -14.5% 13p Revenue CAGR 3Y -12.0% 11p
Strengths
  • Strong liquidity position vs peers
  • Conservative leverage compared to industry peers
Risks
  • Rev Growth YoY in bottom 20% of peers (-14.5%)

Profitability

28th percentile vs peers
28
Key Signals
Strengths
Risks
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Safety

46th percentile vs peers
47
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Airgain, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$4.52
- - -
+9.7% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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