Airgain Inc 2025年季度报告

FOR THE QUARTERLY PERIOD ENDEDMarch 31,2025OR Employee retention credit refund The accompanying notes are an integral part of these condensed consolidated financial statements. 7 (Unaudited) Airgain, Inc. was incorporated in the State of California on March 20, 1995; and reincorporated in the State of Delaware on August 17, 2016. Airgain, Inc. together with its subsidiaries are herein referred to as the “Company,” “we,” or “our.”Headquartered in San Diego, California, Airgain, Inc. (NASDAQ: AIRG) is a leading provider of advanced wirelessconnectivity solutions that drive cutting-edge innovation in 5G technology. We are committed to delivering high-performance, cost-effective, and energy-efficient wireless solutions that enable rapid market deployment. Our missionis to connect the world through integrated, innovative, and optimized wireless solutions. Our diverse product portfolioserves three primary markets: enterprise, automotive, and consumer. the financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscalyear ended December 31, 2024, from which the balance sheet information herein was derived. The unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly ownedsubsidiaries. All intercompany transactions and investments have been eliminated in consolidation.Segment Information from service revenue. Due to similarities in its products, and methods of production, the Company has a singlecompany-wide management team that administers operations on a consolidated basis. We concluded that we haveonly one operating and reportable segment to provide wireless connectivity solutions. determinants of the current metrics with the prior performance data and forecasts. Use of Estimates Note 2. Summary of Significant Accounting PoliciesDuring the three months ended March 31, 2025, there have been no material changes to the Company’s significant Trade Accounts Receivable We perform ongoing credit evaluations of our customers and assess each customer’s credit worthiness. The policy fordetermining when receivables are past due or delinquent is based on the contractual terms agreed upon. We monitorcollections and payments from our customers and analyze for an allowance for credit losses. The allowance for creditlosses is based upon applying an expected credit loss rate to receivables based on the historical loss rate and is An allowance for credit losses is established when, in the opinion of management, collection of the account is doubtful. All of the Company’s products are manufactured by third parties that retain ownership of the inventories until title istransferred to the customer at the shipping point. In some situations, the Company retains ownership of consigned inventories at third-party CM locations due to actual or pending customers' orders. The Company recognized theconsigned inventories as an asset in its financial statements. In certain instances, shipping terms are delivery-at-placeand the Company is responsible for arranging transportation and delivery of goods ready for unloading at the namedplace. In those instances, the Company bears all risk involved in bringing the goods to the named place and recordsthe related inventories in transit to the customer as inventories on the accompanying consolidated balance sheets. Property and EquipmentProperty and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful otherwise sold), the cost and related accumulated depreciation are removed from the accounts and any gain or loss onthe disposal of property and equipment is classified as other expense (income) in the Company's consolidated statement of operations.We account for our goodwill under the authoritative guidance ASC 250 for goodwill and other intangible assets and theprovisions of ASU 2017-04, Simplifying the Test for Goodwill Impairment, which we early adopted in fiscal year 2020. than the carrying value. If we conclude that it is more likely than not that the fair value of our reporting unit is less than the carrying value, weperform a quantitative impairment test. The quantitative impairment test compares the fair value of the reporting unit toits carrying amount, including goodwill. If the fair value of the reporting unit exceeds the carrying amount of the netassets assigned to that reporting unit, goodwill is not considered impaired. However, if the fair value of the reportingunit is lower than the carrying amount of the net assets assigned to the reporting unit, an impairment charge is Determining the fair value of a reporting unit is judgmental in nature and involves the use of significant estimates andassumptions. For the market approach of valuation, we may use the guideline public company method. Under this characteristics as the reporting unit to derive an indication of value. For the income approach of valuation, we use adiscou