Airgain, Inc. (NASDAQ:AIRG) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Jacob Suen – President and Chief Executive Officer Michael Elbaz – Chief Financial Officer Conference Call Participants Operator Good afternoon. Welcome to Airgain's Third Quarter 2023 Earnings Conference Call. My name is Sheri, and I will be coordinator for today's call. Joining us for today's call are Airgain's President and CEO, Jacob Suen; and CFO, Michael Elbaz. As a reminder, this call will be ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37851 AIRGAIN, INC. (Exact name of registrant as specified in its charter) Delaware 95-4523882 3611 Valley Centre Drive, Suit ...

Airgain, Inc. (NASDAQ:AIRG) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Jacob Suen - President, Chief Executive Officer, Chief Revenue Officer & Director Michael Elbaz - Chief Financial Officer, Secretary and Principal Financial & Accounting Officer Conference Call Participants Operator Good afternoon. Welcome to Airgain's Second Quarter 2023 earnings conference call. My name is Latanya, and I'll be your coordinator for today's call. Joining us today's call are Airgain's ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37851 AIRGAIN, INC. (Exact name of registrant as specified in its charter) Delaware 95-4523882 3611 Valley Centre Drive, Suite 150 ...

Airgain, Inc. (NASDAQ:AIRG) Q1 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants Jacob Suen - President, CEO, Chief Revenue Officer & Director Michael Elbaz - CFO, Secretary and Principal Financial & Accounting Officer Conference Call Participants Scott Searle - ROTH MKM Ethan Widell - B. Riley Securities Operator Good afternoon. Welcome to Airgain's First Quarter 2020 earnings conference call. My name is Doug, and I'll be your coordinator for today's call. Joining us for today's ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-37851 AIRGAIN, INC. (Exact name of registrant as specified in its charter) Delaware 95-4523882 3611 Valley Centre Drive, Suite 15 ...

Financial Performance and Challenges - The company has an accumulated deficit of $66.1 million as of December 31, 2022, indicating a history of losses and potential future profitability challenges [50]. - The company incurred an accumulated deficit of $66.1 million as of December 31, 2022, and has a history of net losses since its inception before 2013 [66]. - The company expects operating expenses to increase as it hires additional personnel and develops new antenna products, which may impact future profitability [66]. - The company’s operating results may fluctuate significantly due to various factors, including demand variability and global economic conditions [54]. - Economic and market conditions, including rising interest rates and geopolitical events, may negatively impact the company’s business and operating results [146]. Market and Competitive Landscape - The company aims to drive growth in the enterprise and automotive markets, which may develop at varying growth rates and depend on competitive factors [53]. - The company faces intense competition in the antenna solutions market, with pricing pressure and potential loss of market share being significant risks [56]. - The company faces intense competition in the electronics market, leading to aggressive price negotiations and potential lower margins [70]. - The market for the AirgainConnect AC-HPUE product is highly dependent on the first responders market and AT&T's FirstNet network, which has not yet resulted in significant sales [53]. Supply Chain and Operational Risks - The company has experienced significant disruptions in the supply chain, affecting its ability to secure critical components for product development and deployment [50]. - Supply chain disruptions, particularly in semiconductor components, have led to delays and increased costs, impacting the company's ability to meet customer demand [75]. - The company relies on a limited number of contract manufacturers, primarily located in China, which poses risks related to quality control and timely delivery [71]. - The company has contracted with a new contract manufacturer outside of China to diversify its supply chain and avoid supplemental tariffs on imported components [123]. - The U.S. Uyghur Forced Labor Prevention Act may impact the sourcing and availability of products, potentially leading to supply chain disruptions and reputational harm [120]. Product Development and Innovation - The company expects to invest significantly in ongoing research and development to stay competitive in the rapidly evolving wireless market [61]. - The company’s future success depends on its ability to develop and introduce new products that meet customer needs in a rapidly changing technological landscape [61]. - The introduction of new products and enhancements requires coordination with customers, suppliers, and manufacturers, and any failure in this area could adversely affect operating results [61]. - Lengthy sales cycles for some products can last several months to a year or longer, complicating forecasting and increasing the risk of customer cancellations [65]. Customer and Revenue Concentration - Customers accounting for 10% or more of total revenue contributed 57% of sales in aggregate for the year ended December 31, 2022 [69]. - The company relies significantly on channel partners for sales, and any failure in these relationships could materially reduce sales [79]. Regulatory and Compliance Issues - The company may incur substantial costs related to compliance with evolving data privacy laws and regulations, which could adversely affect its financial condition [115]. - The company is subject to governmental export and import controls that could impair its ability to compete in international markets [117]. - Changes in U.S. trade policies and tariffs could significantly reduce global trade and adversely affect the company's business and financial condition [123]. - The company may face challenges in meeting evolving regulatory standards, which could lead to increased costs and operational burdens [124]. Human Resources and Management - The company’s ability to attract and retain qualified personnel is critical for its success, especially in design and technical roles [84]. - The company anticipates significant expansion to achieve its business objectives, which may strain management and operational resources [102]. - The company’s future growth strategy may involve expanding its group of contractors or consultants, which requires effective management to ensure quality [102]. Legal and Litigation Risks - The company is subject to risks from litigation or legal proceedings that could expose it to significant liabilities and damage its reputation [138]. - The company is obligated to indemnify channel partners and end-customers for certain intellectual property infringement claims, which could lead to significant costs [111]. - The company may face significant liabilities and costs due to potential infringement claims from third parties, which could adversely affect its business [108]. International Operations - Approximately 40% of the company's products, based on sales, are outside of North America, indicating a significant international presence [116]. - The company is continuing to expand its international operations as part of its growth strategy, which includes increasing its salesforce reach internationally [116]. Financial and Stock Market Considerations - The company has never declared or paid cash dividends on its common stock and does not anticipate doing so in the foreseeable future [133]. - The trading price of the company's common stock may be volatile, influenced by various market factors and analyst coverage [126]. - The company is classified as a "smaller reporting company," which allows it to take advantage of reduced disclosure obligations until it meets certain thresholds, such as a market value of $250 million or annual revenue of $100 million [135]. - Significant costs are incurred as a result of operating as a public company, particularly after ceasing to qualify as a smaller reporting company, which may require hiring additional staff for compliance [137]. Technology and Information Systems - Information technology systems are critical for the company’s operations, and failures or breaches could materially affect product sales and financial condition [141]. Environmental and Safety Compliance - The company may face increased costs and liabilities due to compliance with environmental and worker health and safety laws [99]. Natural Disaster Risks - The company’s operations are at risk from natural disasters, particularly given its headquarters in Southern California and contract manufacturers in seismically active regions [142].

Airgain, Inc. (NASDAQ:AIRG) Q4 2022 Earnings Conference Call March 9, 2023 5:00 PM ET Company Participants Jacob Suen - President & CEO Michael Elbaz - CFO Morad Sbahi - Chief Revenue Officer Conference Call Participants Scott Searle - ROTH Capital Anthony Stoss - Craig-Hallum Craig Ellis - B. Riley Securities Operator Good afternoon. Welcome to Airgain’s Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Shamaley, and I will be your coordinator for today’s call. Joining us for today’s c ...

Airgain, Inc. (NASDAQ:AIRG) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Jacob Suen - President and Chief Executive Officer Michael Elbaz - Chief Financial Officer Morad Sbahi - Chief Revenue Officer Conference Call Participants Scott Searle - ROTH Capital Sabrina Baxamusa - William Blair Tim Savageaux - Northland Capital Markets Michael Mani - B. Riley Operator Good afternoon. Welcome to Airgain’s Third Quarter 2022 Earnings Conference Call. My name is Diego and I will ...