AIRGAIN INC Segments Disclosure
Note 17. Segment Information
Due to similarities of its products, methods of production and it's management and administrative structure, the Company operates as a single operating and reportable segment.
The following table presents segment revenue, gross profit, net loss and certain operating financial results of the Company’s single operating segment for the periods presented, as viewed by the CODM:
|
Years Ended December 31, |
|
|||||
|
2025 |
|
|
2024 |
|
||
Sales |
$ |
51,779 |
|
|
$ |
60,599 |
|
Less cost of goods sold: |
|
|
|
|
|
||
Other cost of goods sold |
|
28,504 |
|
|
|
34,899 |
|
Stock-based compensation |
|
216 |
|
|
|
311 |
|
Amortization of intangible assets |
|
355 |
|
|
|
355 |
|
Depreciation |
|
159 |
|
|
|
232 |
|
Gross profit |
|
22,545 |
|
|
|
24,802 |
|
Gross margin |
|
43.5 |
% |
|
|
40.9 |
% |
Less research and development: |
|
|
|
|
|
||
Other research and development expenses |
|
8,468 |
|
|
|
10,207 |
|
Stock-based compensation expense |
|
715 |
|
|
|
1,379 |
|
Severance and exit costs |
|
112 |
|
|
|
— |
|
Depreciation |
|
247 |
|
|
|
278 |
|
Total research and development |
|
9,542 |
|
|
|
11,864 |
|
Less sales and marketing: |
|
|
|
|
|
||
Other sales and marketing expenses |
|
8,944 |
|
|
|
8,811 |
|
Stock-based compensation expense |
|
226 |
|
|
|
379 |
|
Severance and exit costs |
|
141 |
|
|
|
— |
|
Depreciation |
|
14 |
|
|
|
13 |
|
Total sales and marketing |
|
9,325 |
|
|
|
9,203 |
|
Less general and administrative: |
|
|
|
|
|
||
Other general and administrative expenses |
|
7,398 |
|
|
|
7,459 |
|
Stock-based compensation expense |
|
1,807 |
|
|
|
2,566 |
|
Amortization of intangible assets |
|
2,880 |
|
|
|
2,613 |
|
Severance and exit costs |
|
33 |
|
|
|
— |
|
Depreciation |
|
43 |
|
|
|
25 |
|
Total general and administrative |
|
12,161 |
|
|
|
12,663 |
|
Loss from operations |
|
(8,483 |
) |
|
|
(8,928 |
) |
Plus employee retention credit refund |
|
1,989 |
|
|
|
|
|
Interest income, net |
|
351 |
|
|
|
115 |
|
Income tax benefit (expense) |
|
(73 |
) |
|
|
152 |
|
Less other segment expenses (1) |
|
210 |
|
|
|
27 |
|
Net loss |
$ |
(6,426 |
) |
|
$ |
(8,688 |
) |
(1) Other segment expenses are primarily foreign currency transaction remeasurements and franchise taxes.
The CODM reviews the segment assets that are reported in the Consolidated Balance Sheets.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.