AIRG Airgain, Inc. - Common Stock
NASDAQ · Electrical Equipment · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026
$4.61
· of 52w range
· above low
· to high
$3.0052w low
$7.6652w high
Market Cap (MRQ)
$60M
P/E (TTM)
-8.1
EPS (TTM)
$-0.57
Revenue (TTM)
$51M
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52W Range
$3–$8
Analyst Rating
BUY
Price Target
$9
P/E
-8.1
ROE
-23.7%
Net Profit Margin
-13.6%
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AIRG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.61
Market Cap (MRQ)
$60M
P/E (TTM)
-8.1
EPS (TTM)
$-0.57
Revenue (TTM)
$51M
ROE (TTM)
-23.7%
52W Range
$3–$8
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$52M2016-12-31 → 2025-12-31
EPS$-0.542016-12-31 → 2025-12-31
Free Cash Flow$-1M2016-12-31 → 2025-12-31
Net margin-13.6%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AIRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -8.15Y avg ≈-7.5 | ≈-7.5 | · | · | |
| P/S (TTM) | 1.25Y avg ≈1.1 | ≈1.1 | · | · | |
| P/B (MRQ) | 2.15Y avg ≈1.9 | ≈1.9 | · | · | |
| Price / FCF (TTM) | -20.35Y avg ≈-12.3 | ≈-12.3 | · | · | |
| Price / Cash Flow (TTM) | -21.85Y avg ≈-14.6 | ≈-14.6 | · | · | |
| Price / Tangible Book (MRQ) | 2.35Y avg ≈4.3 | ≈4.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AIRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 43.4%5Y avg ≈39.3% | ≈39.3% | · | · | |
| Operating Margin (TTM) | -14.0%5Y avg ≈-16.7% | ≈-16.7% | · | · | |
| EBITDA Margin | -16.4%5Y avg ≈-16.7% | ≈-16.7% | · | · | |
| Pretax Margin (TTM) | -13.5%5Y avg ≈-15.8% | ≈-15.8% | · | · | |
| Net Profit Margin (TTM) | -13.6%5Y avg ≈-15.2% | ≈-15.2% | · | · | |
| ROA (TTM) | -15.2%5Y avg ≈-17.9% | ≈-17.9% | · | · | |
| ROE (TTM) | -23.7%5Y avg ≈-26.1% | ≈-26.1% | · | · | |
| ROIC | -30.3%5Y avg ≈-28.6% | ≈-28.6% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AIRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.05Y avg ≈1.9 | ≈1.9 | · | · | |
| Quick Ratio | 1.65Y avg ≈1.5 | ≈1.5 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AIRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -14.5%5Y avg ≈3.6% | ≈3.6% | · | · | |
| Revenue CAGR 3Y | -12.0%5Y avg ≈-3.0% | ≈-3.0% | · | · | |
| Revenue CAGR 5Y | 1.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AIRG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.15Y avg ≈1.2 | ≈1.2 | · | · | |
| Inventory Turnover | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Receivables Turnover | 4.25Y avg ≈6.7 | ≈6.7 | · | · | |
| Revenue / Employee | ≈$488.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-14.4%
Next Report
Nov 10, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 11, 2026 | $0.02 | $0.01 | — |
| March 31, 2026 | May 13, 2026 | $-0.08 | $-0.07 | -8.1% |
| Dec. 31, 2025 | $-0.03 | $-0.02 | -76.5% | |
| Sept. 30, 2025 | $0.01 | $0.00 | — | |
| June 30, 2025 | $-0.04 | $-0.06 | 34.6% | |
| March 31, 2025 | $-0.11 | $-0.10 | -7.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52M | $61M | $56M | $76M | $64M | $49M | $56M | $61M | $50M | $43M | $28M | $26M | |
| Cost of Revenue | $200.0K | $500.0K | $400.0K | $500.0K | $400.0K | $166.0K | $300.0K | $433.0K | $462.0K | $321.1K | $16M | $14M | |
| Gross Profit | $23M | $25M | $21M | $28M | $25M | $23M | $25M | $27M | $23M | $19M | $12M | $11M | |
| R&D Expense | $10M | $12M | $11M | $11M | $11M | $9M | $9M | $9M | $7M | $6M | $4M | $3M | |
| SG&A Expense | $12M | $13M | $14M | $14M | $14M | $10M | $9M | $10M | $8M | $5M | $3M | $3M | |
| Operating Expenses | $31M | $34M | $33M | $37M | $37M | $26M | $25M | $30M | $22M | $16M | $12M | $11M | |
| Operating Income | $-8M | $-9M | $-12M | $-9M | $-12M | $-3M | $380.0K | $-3M | $969.0K | $3M | $-330.7K | $850.6K | |
| Interest Expense | · | · | · | · | · | · | $5.0K | $31.0K | $99.0K | $178.4K | $39.5K | $42.7K | |
| Other Non-op | $2M | $88.0K | $100.0K | $5.0K | $-12.0K | $178.0K | $709.0K | $903.0K | $198.0K | $289.7K | $61.0K | $3M | |
| Pretax Income | $-6M | $-9M | $-12M | $-9M | $-12M | $-3M | $1M | $-2M | $1M | $4M | $-269.7K | $4M | |
| Income Tax | $73.0K | $-152.0K | $128.0K | $84.0K | $-2M | $273.0K | $163.0K | $101.0K | $26.0K | $8.2K | $622 | $6.2K | |
| Net Income | $-6M | $-9M | $-12M | $-9M | $-10M | $-3M | $926.0K | $-3M | $1M | $4M | $-270.3K | $4M | |
| EPS (Basic) | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 | $0.10 | $-0.27 | $0.12 | $0.65 | $-4.17 | $2.08 | |
| EPS (Diluted) | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 | $0.09 | $-0.27 | $0.11 | $0.40 | $-4.30 | $-2.86 | |
| Shares (Basic) | 11,840,000 | 11,053,000 | 10,392,000 | 10,190,000 | 10,019,000 | 9,714,000 | 9,684,000 | 9,521,000 | 9,485,000 | 3,373,316 | 651,593 | 555,805 | |
| Shares (Diluted) | 11,840,000 | 11,053,000 | 10,392,000 | 10,190,000 | 10,019,000 | 9,714,000 | 10,097,000 | 9,521,000 | 10,361,000 | 4,667,503 | 651,593 | 555,805 | |
| EBITDA | $-8M | $-9M | $-12M | $-9M | $-12M | $-3M | $380.0K | $-3M | $969.2K | $3M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7M | $9M | $8M | $12M | $15M | $38M | $13M | $14M | $15M | $45M | $5M | $4M | |
| Short-term Investments | · | · | · | · | · | $0 | $0 | · | · | · | · | · | |
| Receivables | $13M | $12M | $7M | $9M | $11M | $5M | $8M | $7M | $8M | $5M | $4M | · | |
| Inventory | $4M | $4M | $2M | $4M | $9M | $1M | $1M | $1M | $741.6K | $146.8K | $119.7K | · | |
| Prepaid Expense | $868.0K | $1M | $1M | $2M | $1M | $1M | $1M | $931.0K | $609.8K | $349.6K | $191.5K | · | |
| Other Current Assets | $1M | $532.0K | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $26M | $26M | $19M | $27M | $35M | $45M | $45M | $43M | $46M | $51M | $9M | · | |
| PP&E (Net) | $2M | $2M | $3M | $3M | $3M | $2M | $2M | $1M | $1M | $807.1K | $1M | · | |
| PP&E (Gross) | $8M | $7M | $8M | $7M | $7M | $6M | $5M | $4M | $3M | $3M | $3M | · | |
| Accum. Depreciation | $6M | $5M | $5M | $4M | $4M | $4M | $3M | $3M | $2M | $2M | $2M | · | |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $4M | $4M | $4M | $4M | $1M | $1M | · | |
| Intangibles | $3M | $6M | $8M | $11M | $14M | $3M | $687.0K | $859.0K | $1M | $286.7K | $345.1K | · | |
| Other Non-current Assets | $85.0K | $74.0K | $170.0K | $216.0K | $352.0K | $249.0K | $10.0K | $269.0K | $349.7K | $84.1K | $121.5K | · | |
| Total Assets | $45M | $48M | $42M | $54M | $66M | $55M | $55M | $53M | $56M | $56M | $15M | · | |
| Accounts Payable | $9M | $9M | $6M | $7M | $5M | $3M | $4M | $4M | $4M | $4M | $3M | · | |
| Accrued Liabilities | · | · | · | · | · | · | $1M | $1M | $1M | $1M | $661.0K | · | |
| Short-term Debt | · | · | · | · | · | · | · | · | $1M | $1M | $2M | · | |
| Current Liabilities | $13M | $14M | $10M | $13M | $20M | $7M | $7M | $8M | $10M | $9M | $8M | · | |
| Capital Leases | $4M | $4M | $674.0K | $2M | $2M | $0 | · | · | · | · | · | · | |
| Deferred Tax | $186.0K | $163.0K | $151.0K | $139.0K | $109.0K | $58.0K | $52.0K | $38.0K | $8.0K | $6.2K | · | · | |
| Total Liabilities | $17M | $17M | $11M | $15M | $22M | $7M | $7M | $8M | $10M | $11M | $12M | · | |
| Total Debt | · | · | · | · | · | · | · | · | $1M | $1M | · | · | |
| Common Stock | · | · | · | · | · | · | $1.0K | $1.0K | $961 | $928 | $1M | · | |
| Paid-in Capital | · | · | · | · | · | · | · | · | $90M | $89M | · | · | |
| Retained Earnings | $-94M | $-87M | $-79M | $-66M | $-57M | $-47M | $-44M | $-45M | $-42M | $-44M | $-46M | · | |
| Treasury Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $3M | $1M | · | · | · | |
| AOCI | $-4.0K | $-4.0K | $3.0K | $0 | $0 | $0 | $8.0K | $-11.0K | $-16.9K | · | · | · | |
| Stockholders' Equity | $28M | $31M | $31M | $40M | $44M | $48M | $48M | $45M | $46M | $45M | $-39M | $-38M | |
| Liabilities + Equity | $45M | $48M | $42M | $54M | $66M | $55M | $55M | $53M | $56M | $56M | $15M | · | |
| Shares Outstanding | 12,125,000 | 11,529,000 | 10,469,000 | 10,226,000 | 10,097,000 | 9,784,000 | 9,681,000 | 9,601,000 | 9,481,992 | 9,275,062 | 665,842 | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $5M | $4M | $5M | $4M | $3M | $2M | $3M | $736.0K | $298.5K | $341.6K | $657.7K | |
| Deferred Tax | $23.0K | $11.0K | $12.0K | $30.0K | $-2M | $6.0K | $14.0K | $30.0K | $2.0K | $6.2K | · | · | |
| Amort. of Intangibles | $3M | $3M | $3M | $3M | $3M | $629.0K | $655.0K | $677.0K | $581.0K | $373.4K | $14.0K | $0 | |
| Operating Cash Flow | $-1M | $-4M | $-3M | $4M | $-11M | $4M | $2M | $1M | $-255.0K | $5M | $2M | $2M | |
| CapEx | $166.0K | $178.0K | $346.0K | $763.0K | $736.0K | $727.0K | $1M | $990.0K | $263.0K | $275.6K | $132.9K | $984.7K | |
| Investing Cash Flow | $-389.0K | $-178.0K | $-346.0K | $-750.0K | $-15M | $21M | $-2M | $336.0K | $-28M | $-275.6K | · | · | |
| Stock Issued | $374.0K | $279.0K | $232.0K | $228.0K | $3M | $1M | $835.0K | $765.0K | $588.0K | $15M | · | · | |
| Stock Repurchased | · | · | · | $0 | $97.0K | $608.0K | $1M | $2M | $1M | · | · | · | |
| Net Stock Activity | $374.0K | $279.0K | $232.0K | $228.0K | $2M | $561.0K | $-392.0K | $13M | $14M | $15M | · | · | |
| Financing Cash Flow | $350.0K | $4M | $-458.0K | $-6M | $2M | $561.0K | $-392.0K | $-3M | $-2M | $35M | · | · | |
| Net Change in Cash | $-1M | $589.0K | $-4M | $-3M | $-24M | $25M | $-424.0K | $-1M | $-30M | $40M | $2M | $802.5K | |
| Taxes Paid | $-55.0K | $17.0K | $112.0K | $197.0K | $153.0K | $164.0K | $71.0K | $46.0K | $103.0K | · | $6.2K | $10.8K | |
| Free Cash Flow | $-1M | $-4M | $-4M | $4M | $-12M | $3M | $1M | $386.6K | $-517.7K | $4M | · | · | |
| Levered FCF | · | · | · | · | · | · | $1M | $354.4K | $-614.3K | $4M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5% | 40.9% | 37.0% | 36.9% | 38.3% | 46.6% | 45.4% | 43.7% | 47.1% | 44.4% | · | · | |
| Operating Margin | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% | -6.6% | 0.68% | -5.6% | 2.0% | 8.0% | · | · | |
| Net Margin | -12.4% | -14.3% | -22.2% | -11.4% | -15.7% | -6.8% | 1.7% | -4.3% | 2.3% | 8.6% | · | · | |
| Pretax Margin | -12.3% | -14.6% | -21.9% | -11.3% | -18.9% | -6.2% | 1.9% | -4.1% | 2.4% | 8.6% | · | · | |
| EBITDA Margin | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% | -6.6% | 0.68% | -5.6% | 2.0% | 8.0% | · | · | |
| ROA | -13.7% | -19.2% | -25.7% | -14.3% | -16.6% | -6.0% | 1.7% | -4.7% | 2.0% | 10.5% | · | · | |
| ROE | -22.1% | -28.1% | -37.0% | -21.2% | -21.9% | -6.9% | 1.9% | -5.8% | 2.5% | 132.9% | · | · | |
| ROIC | -30.3% | -28.3% | -39.9% | -21.8% | -22.8% | -7.3% | 0.67% | -7.8% | 2.0% | 7.4% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 1.9 | 1.9 | 2.1 | 1.8 | 6.6 | 6.7 | 5.7 | 4.7 | 5.5 | · | · | |
| Quick Ratio | 1.6 | 1.5 | 1.5 | 1.6 | 1.3 | 6.3 | 3.1 | 2.7 | 2.4 | 5.4 | · | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | 0.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | 76.0 | -109.3 | 9.8 | 19.4 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.1 | 1.3 | 1.2 | 1.3 | 1.1 | 0.9 | 1.0 | 1.1 | 0.9 | 1.2 | · | · | |
| Inventory Turnover | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 59.0 | 181.3 | · | · | |
| Receivables Turnover | 4.2 | 6.4 | 7.0 | 7.8 | 8.3 | 7.8 | 7.6 | 7.9 | 7.3 | 9.8 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.33 | $2.69 | $3.00 | $3.89 | $4.37 | $4.88 | $4.95 | $4.70 | $4.88 | $4.86 | · | · | |
| Revenue / Share | $4.37 | $5.48 | $5.39 | $7.45 | $6.42 | $4.99 | $5.52 | $6.37 | $4.78 | $9.31 | · | · | |
| Cash Flow / Share | $-0.09 | $-0.32 | $-0.32 | $0.44 | $-1.11 | $0.38 | $0.23 | $0.14 | $-0.02 | $1.00 | · | · | |
| Cash / Share | $0.61 | $0.74 | $0.75 | $1.16 | $1.44 | $3.90 | $1.36 | $1.42 | $1.58 | $4.87 | · | · | |
| EPS (TTM) | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 | $-0.34 | $0.09 | $-0.27 | $0.11 | $0.40 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -14.5% | 8.1% | -26.2% | 18.1% | 32.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -12.0% | -1.9% | 4.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $52M | $61M | $56M | $76M | $64M | $49M | $56M | $61M | $50M | $43M | · | · | |
| Net Income TTM | $-6M | $-9M | $-12M | $-9M | $-10M | $-3M | $926.0K | $-3M | $1M | $4M | · | · | |
| Market Cap | $49M | $81M | $37M | $67M | $107M | $174M | $103M | $95M | $85M | $134M | · | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | $72M | $90M | · | · | |
| P/E | -7.5 | -8.9 | -3.0 | -7.7 | -10.5 | -52.3 | 118.8 | -36.7 | 81.7 | 36.0 | · | · | |
| P/S | 1.0 | 1.3 | 0.7 | 0.9 | 1.7 | 3.6 | 1.9 | 1.6 | 1.7 | 3.1 | · | · | |
| P/B | 1.7 | 2.6 | 1.2 | 1.7 | 2.4 | 3.6 | 2.2 | 2.1 | 1.8 | 3.0 | · | · | |
| P / Tangible Book | 3.4 | 5.7 | 3.0 | 3.7 | 5.6 | 4.3 | · | · | · | · | · | · | |
| P / Cash Flow | -44.2 | -23.1 | -11.3 | 15.0 | -9.6 | 47.0 | 44.0 | 69.1 | -334.7 | 28.6 | · | · | |
| P / FCF | -38.5 | -22.0 | -10.2 | 18.1 | -9.0 | 58.4 | 89.7 | 246.1 | -164.7 | 30.4 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | 73.8 | 26.0 | · | · | |
| EV / FCF | · | · | · | · | · | · | · | · | -138.2 | 20.4 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | 1.4 | 2.1 | · | · | |
| Earnings Yield | -13.3% | -11.2% | -33.7% | -13.1% | -9.5% | -1.9% | 0.84% | -2.7% | 1.2% | 2.8% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14M | $12M | $12M | $14M | $14M | $12M | $15M | $16M | $15M | $14M | $10M | $14M | $16M | $16M | $20M | $19M | |
| Cost of Revenue | $8M | $7M | $0 | $100.0K | $8M | $7M | $280.0K | $100.0K | $100.0K | $20.0K | $100.0K | $100.0K | $100.0K | $100.0K | $0 | $100.0K | |
| Gross Profit | $6M | $5M | $5M | $6M | $6M | $5M | $6M | $7M | $6M | $6M | $3M | $5M | $6M | $6M | $6M | $7M | |
| R&D Expense | $3M | $2M | $2M | $2M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $2M | $2M | $3M | |
| SG&A Expense | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $4M | $3M | |
| Operating Expenses | $7M | $7M | $8M | $7M | $8M | $8M | $8M | $9M | $9M | $8M | $8M | $7M | $8M | $9M | $9M | $9M | |
| Operating Income | $-2M | $-2M | $-2M | $-967.0K | $-2M | $-3M | $-2M | $-2M | $-3M | $-3M | $-5M | $-2M | $-2M | $-3M | $-3M | $-1M | |
| Other Non-op | $-49.0K | $288.0K | $4.0K | $13.0K | $539.0K | $2M | $10.0K | $18.0K | $26.0K | $34.0K | $48.0K | $33.0K | $5.0K | $14.0K | $7.0K | $17.0K | |
| Pretax Income | $-2M | $-2M | $-2M | $-954.0K | $-1M | $-2M | $-2M | $-2M | $-2M | $-3M | $-5M | $-2M | $-2M | $-3M | $-3M | $-1M | |
| Income Tax | $-28.0K | $72.0K | $25.0K | $10.0K | $14.0K | $24.0K | $-7.0K | $-39.0K | $34.0K | $-140.0K | $44.0K | $4.0K | $-2.0K | $82.0K | $-50.0K | $52.0K | |
| Net Income | $-2M | $-2M | $-2M | $-964.0K | $-1M | $-2M | $-2M | $-2M | $-3M | $-2M | $-5M | $-2M | $-2M | $-3M | $-3M | $-1M | |
| EPS (Basic) | $-0.13 | $-0.15 | $-0.21 | $-0.08 | $-0.12 | $-0.13 | $-0.17 | $-0.16 | $-0.23 | $-0.23 | $-0.53 | $-0.18 | $-0.21 | $-0.28 | $-0.31 | $-0.13 | |
| EPS (Diluted) | $-0.13 | $-0.15 | $-0.21 | $-0.08 | $-0.12 | $-0.13 | $-0.17 | $-0.16 | $-0.23 | $-0.23 | $-0.53 | $-0.18 | $-0.21 | $-0.28 | $-0.31 | $-0.13 | |
| Shares (Basic) | 12,841,000 | 12,306,000 | · | 11,791,000 | 11,841,000 | 11,579,000 | · | 11,315,000 | 10,938,000 | 10,532,000 | · | 10,430,000 | 10,413,000 | 10,266,000 | · | 10,210,000 | |
| Shares (Diluted) | 12,841,000 | 12,306,000 | · | 11,791,000 | 11,841,000 | 11,579,000 | · | 11,315,000 | 10,938,000 | 10,532,000 | · | 10,430,000 | 10,413,000 | 10,266,000 | · | 10,210,000 | |
| EBITDA | $-2M | $-2M | · | $-967.0K | $-2M | $-3M | · | $-2M | $-3M | $-3M | · | $-2M | $-2M | $-3M | · | $-1M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8M | $7M | $7M | $7M | $8M | $7M | $9M | $7M | $8M | $7M | $8M | $10M | $9M | $10M | $12M | $9M | |
| Receivables | $14M | $11M | $13M | $13M | $12M | $11M | $12M | $12M | $9M | $10M | $7M | $6M | $9M | $8M | $9M | $9M | |
| Inventory | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $2M | $4M | $5M | $4M | $4M | $9M | |
| Prepaid Expense | $884.0K | $972.0K | $868.0K | $2M | $1M | $1M | $1M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | |
| Other Current Assets | $559.0K | $407.0K | $1M | · | · | · | $532.0K | · | · | · | · | · | · | · | · | · | |
| Current Assets | $28M | $24M | $26M | $25M | $25M | $24M | $26M | $23M | $21M | $21M | $19M | $22M | $24M | $24M | $27M | $30M | |
| PP&E (Net) | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $3M | $3M | $3M | $3M | |
| PP&E (Gross) | $7M | $7M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | $8M | $7M | $7M | $7M | $7M | $7M | |
| Accum. Depreciation | $5M | $5M | $6M | $6M | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | $4M | |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | |
| Intangibles | $3M | $3M | $3M | $4M | $4M | $5M | $6M | $6M | $7M | $7M | $8M | $9M | $10M | $10M | $11M | $12M | |
| Other Non-current Assets | $107.0K | $157.0K | $85.0K | $75.0K | $74.0K | $74.0K | $74.0K | $69.0K | $164.0K | $155.0K | $170.0K | $170.0K | $210.0K | $216.0K | $216.0K | $243.0K | |
| Total Assets | $47M | $43M | $45M | $46M | $46M | $46M | $48M | $43M | $42M | $43M | $42M | $46M | $50M | $50M | $54M | $58M | |
| Accounts Payable | $8M | $7M | $9M | $8M | $7M | $8M | $9M | $7M | $6M | $7M | $6M | $5M | $6M | $7M | $7M | $8M | |
| Current Liabilities | $14M | $12M | $13M | $12M | $12M | $11M | $14M | $12M | $10M | $12M | $10M | $10M | $11M | $11M | $13M | $14M | |
| Capital Leases | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $181.0K | $370.0K | $476.0K | $674.0K | $878.0K | $1M | $1M | $2M | $2M | |
| Deferred Tax | $189.0K | $190.0K | $186.0K | $161.0K | $165.0K | $167.0K | $163.0K | $163.0K | $170.0K | $158.0K | $151.0K | $145.0K | $146.0K | $142.0K | $139.0K | $132.0K | |
| Total Liabilities | $18M | $15M | $17M | $16M | $16M | $16M | $17M | $12M | $11M | $12M | $11M | $11M | $12M | $12M | $15M | $16M | |
| Retained Earnings | $-97M | $-96M | $-94M | $-91M | $-90M | $-89M | $-87M | $-85M | $-83M | $-81M | $-79M | $-73M | $-71M | $-69M | $-66M | $-63M | |
| Treasury Stock | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | |
| AOCI | $6.0K | $0 | $-4.0K | $-12.0K | $1.0K | $-3.0K | $-4.0K | $9.0K | $-1.0K | $1.0K | $3.0K | · | · | · | $0 | · | |
| Stockholders' Equity | $29M | $28M | $28M | $30M | $30M | $30M | $31M | $31M | $32M | $31M | $31M | $36M | $37M | $38M | $40M | $42M | |
| Liabilities + Equity | $47M | $43M | $45M | $46M | $46M | $46M | $48M | $43M | $42M | $43M | $42M | $46M | $50M | $50M | $54M | $58M | |
| Shares Outstanding | 13,077,000 | 12,659,000 | 12,125,000 | 11,942,000 | 11,903,000 | 11,794,000 | 11,529,000 | 11,340,000 | 11,301,000 | 10,761,000 | 10,469,000 | 10,444,000 | 10,423,000 | 10,407,000 | 10,226,000 | 10,224,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $895.0K | $707.0K | $1M | $380.0K | $603.0K | $907.0K | $1M | $1M | $1M | $1M | $1M | $523.0K | $968.0K | $981.0K | $1M | $1M | |
| Deferred Tax | $-1.0K | $4.0K | $24.0K | $-4.0K | $-2.0K | $5.0K | $-1.0K | $-7.0K | $12.0K | $7.0K | $5.0K | $0 | $4.0K | $3.0K | $6.0K | $6.0K | |
| Amort. of Intangibles | $200.0K | $216.0K | $820.0K | $822.0K | $800.0K | $796.0K | $887.0K | $700.0K | $700.0K | $742.0K | $826.0K | $700.0K | $700.0K | $743.0K | $669.0K | $800.0K | |
| Operating Cash Flow | $-2M | $-759.0K | $194.0K | $-411.0K | $129.0K | $-1M | $-26.0K | $-1M | $-1M | $-1M | $-2M | $640.0K | $-570.0K | $-1M | $2M | $103.0K | |
| CapEx | $35.0K | $55.0K | $101.0K | $7.0K | $16.0K | $42.0K | $1.0K | $27.0K | $90.0K | $60.0K | $174.0K | $68.0K | $15.0K | $89.0K | $129.0K | $460.0K | |
| Investing Cash Flow | $53.0K | $-143.0K | $-101.0K | $-230.0K | $-16.0K | $-42.0K | $-1.0K | $-27.0K | $-90.0K | $-60.0K | $-174.0K | $-68.0K | $-15.0K | $-89.0K | $-126.0K | $-460.0K | |
| Stock Issued | $968.0K | $628.0K | $374.0K | $0 | $0 | $0 | $-3M | $0 | $3M | $488.0K | $232.0K | $-165.0K | $-137.0K | · | $-7.0K | $99.0K | |
| Net Stock Activity | · | $628.0K | · | · | · | $0 | · | · | · | $488.0K | · | · | · | $137.0K | · | · | |
| Financing Cash Flow | $2M | $722.0K | $166.0K | $67.0K | $160.0K | $-43.0K | $1M | $86.0K | $3M | $469.0K | $0 | $67.0K | $16.0K | $-541.0K | $476.0K | $99.0K | |
| Net Change in Cash | $429.0K | $-176.0K | $267.0K | $-587.0K | $277.0K | $-1M | $1M | $-1M | $1M | $-712.0K | $-2M | $639.0K | $-569.0K | $-2M | $3M | $-258.0K | |
| Taxes Paid | · | · | $-88.0K | $8.0K | $25.0K | $0 | $-25.0K | $4.0K | $31.0K | $7.0K | $34.0K | $14.0K | · | · | $1.0K | $86.0K | |
| Free Cash Flow | · | $-814.0K | · | · | · | $-1M | · | · | · | $-1M | · | · | · | $-2M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.3% | 43.2% | · | 43.6% | 42.9% | 43.0% | · | 41.7% | 40.5% | 39.2% | · | 38.2% | 39.7% | 38.4% | · | 38.8% | |
| Operating Margin | -12.3% | -18.4% | · | -6.9% | -14.7% | -25.8% | · | -11.3% | -16.5% | -18.5% | · | -14.0% | -14.0% | -17.0% | · | -6.6% | |
| Net Margin | -12.4% | -16.5% | · | -6.9% | -10.8% | -12.9% | · | -10.9% | -16.6% | -17.2% | · | -13.7% | -13.9% | -17.4% | · | -6.8% | |
| Pretax Margin | -12.7% | -15.8% | · | -6.8% | -10.7% | -12.7% | · | -11.2% | -16.3% | -18.2% | · | -13.7% | -13.9% | -16.9% | · | -6.5% | |
| EBITDA Margin | -12.3% | -18.4% | · | -6.9% | -14.7% | -25.8% | · | -11.3% | -16.5% | -18.5% | · | -14.0% | -14.0% | -17.0% | · | -6.6% | |
| ROA | -3.7% | -4.2% | · | -2.2% | -3.4% | -3.5% | · | -3.9% | -5.5% | -5.3% | · | -3.6% | -4.1% | -4.9% | · | -2.0% | |
| ROE | -5.8% | -6.5% | · | -3.2% | -4.8% | -5.1% | · | -5.3% | -7.3% | -7.1% | · | -4.8% | -5.6% | -7.0% | · | -2.9% | |
| ROIC | -5.7% | -7.8% | · | -3.3% | -6.8% | -10.4% | · | -5.8% | -8.0% | -8.2% | · | -5.3% | -6.0% | -7.5% | · | -2.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 2.1 | · | 2.1 | 2.1 | 2.1 | · | 1.9 | 2.1 | 1.8 | · | 2.3 | 2.2 | 2.3 | · | 2.1 | |
| Quick Ratio | 1.6 | 1.6 | · | 1.7 | 1.7 | 1.6 | · | 1.6 | 1.7 | 1.4 | · | 1.7 | 1.6 | 1.7 | · | 1.3 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Inventory Turnover | 2.0 | 1.7 | · | 0.0 | · | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 1.0 | 1.0 | · | 1.1 | 1.3 | 1.1 | · | 1.8 | 1.8 | 1.6 | · | 1.7 | 1.7 | 2.0 | · | 1.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.24 | $2.21 | · | $2.49 | $2.50 | $2.57 | · | $2.72 | $2.80 | $2.84 | · | $3.42 | $3.56 | $3.68 | · | $4.11 | |
| Revenue / Share | $1.07 | $0.94 | · | $1.19 | $1.15 | $1.04 | · | $1.42 | $1.39 | $1.35 | · | $1.31 | $1.52 | $1.60 | · | $1.88 | |
| Cash Flow / Share | · | $-0.06 | · | · | · | $-0.09 | · | · | · | $-0.11 | · | · | · | $-0.14 | · | · | |
| Cash / Share | $0.58 | $0.56 | · | $0.59 | $0.65 | $0.63 | · | $0.65 | $0.74 | $0.67 | · | $0.96 | $0.89 | $0.95 | · | $0.90 | |
| EPS (TTM) | $-0.57 | $-0.56 | · | $-0.50 | $-0.58 | $-0.69 | · | $-1.15 | $-1.17 | $-1.15 | · | $-0.98 | $-0.93 | $-0.88 | · | $-1.01 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $51M | $51M | · | $55M | $57M | $58M | · | $56M | $53M | $54M | · | $66M | $71M | $75M | · | $70M | |
| Net Income TTM | $-7M | $-7M | · | $-6M | $-7M | $-8M | · | $-12M | $-12M | $-12M | · | $-10M | $-10M | $-9M | · | $-10M | |
| Market Cap | $82M | $70M | · | $52M | $50M | $40M | · | $86M | $68M | $59M | · | $38M | $56M | $56M | · | $74M | |
| P/E | -11.1 | -9.8 | · | -8.7 | -7.2 | -4.9 | · | -6.6 | -5.2 | -4.7 | · | -3.7 | -5.8 | -6.1 | · | -7.1 | |
| P/S | 1.6 | 1.4 | · | 0.9 | 0.9 | 0.7 | · | 1.5 | 1.3 | 1.1 | · | 0.6 | 0.8 | 0.7 | · | 1.1 | |
| P/B | 2.8 | 2.5 | · | 1.7 | 1.7 | 1.3 | · | 2.8 | 2.2 | 1.9 | · | 1.1 | 1.5 | 1.5 | · | 1.8 | |
| P / Tangible Book | 5.2 | 4.9 | · | 3.4 | 3.4 | 2.7 | · | 6.1 | 4.9 | 4.8 | · | 2.4 | 3.4 | 3.3 | · | 3.8 | |
| P / Cash Flow | · | -91.7 | · | · | · | -38.8 | · | · | · | -52.4 | · | · | · | -39.0 | · | · | |
| Earnings Yield | -9.0% | -10.2% | · | -11.5% | -13.9% | -20.5% | · | -15.2% | -19.4% | -21.1% | · | -26.7% | -17.2% | -16.4% | · | -14.0% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $52M | $61M | $56M | $76M | $64M |
| Gross Margin % | 43.5% | 40.9% | 37.0% | 36.9% | 38.3% |
| Operating Margin % | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% |
| Net Income | $-6M | $-9M | $-12M | $-9M | $-10M |
| Diluted EPS | $-0.54 | $-0.79 | $-1.20 | $-0.85 | $-1.01 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 2.0 | 1.9 | 1.9 | 2.1 | 1.8 |
| Quick Ratio | 1.6 | 1.5 | 1.5 | 1.6 | 1.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-1M | $-4M | $-4M | $4M | $-12M |
Institutional owners (13F) 49 filers · $27.8M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
49
Value held
$27.8M
New positions
16
Exited positions
3
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 16 (+8 vs prior Q) | 3 (-3 vs prior Q) | 13 (+9 vs prior Q) | 9 (+2 vs prior Q) | +1.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL INC | $4,780,554 | 758,818 | 17.17% | Shares |
| BLAIR WILLIAM & CO/IL | $3,923,362 | 622,756 | 14.09% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,996,482 | 475,632 | 10.76% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,595,827 | 412,036 | 9.32% | Shares |
| First Eagle Investment Management, LLC | $2,169,739 | 344,403 | 7.79% | Shares |
| VANGUARD GROUP INC | $2,135,771 | 526,052 | 7.67% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $1,401,750 | 222,500 | 5.04% | Shares |
| BlackRock, Inc. | $1,355,036 | 215,085 | 4.87% | Shares |
| MARSHALL WACE, LLP | $942,739 | 149,641 | 3.39% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $792,689 | 125,797 | 2.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $762,093 | 120,975 | 2.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $454,180 | 72,092 | 1.63% | Shares |
| CITADEL ADVISORS LLC | $444,087 | 70,490 | 1.60% | Shares |
| Whitcomb & Hess, Inc. | $357,248 | 56,706 | 1.28% | Shares |
| JANE STREET GROUP, LLC | $278,504 | 44,207 | 1.00% | Shares |
| STATE STREET CORP | $255,629 | 40,576 | 0.92% | Shares |
| Farther Finance Advisors, LLC | $252,000 | 40,000 | 0.91% | Shares |
| GOLDMAN SACHS GROUP INC | $250,135 | 39,704 | 0.90% | Shares |
| LPL Financial LLC | $243,136 | 38,593 | 0.87% | Shares |
| NORTHERN TRUST CORP | $164,443 | 26,102 | 0.59% | Shares |
| RBF Capital, LLC | $143,010 | 22,700 | 0.51% | Shares |
| PERKINS CAPITAL MANAGEMENT INC | $138,600 | 22,000 | 0.50% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $116,789 | 18,538 | 0.42% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $95,048 | 15,087 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $93,253 | 14,802 | 0.33% | Shares |
| BANK OF MONTREAL /CAN/ | $90,405 | 14,350 | 0.32% | Shares |
| Keystone Financial Group | $81,024 | 12,861 | 0.29% | Shares |
| AXQ CAPITAL, LP | $79,273 | 12,583 | 0.28% | Shares |
| BANK OF AMERICA CORP /DE/ | $76,551 | 12,151 | 0.27% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $74,195 | 11,777 | 0.27% | Shares |
| AMERICAN CENTURY COMPANIES INC | $70,913 | 11,256 | 0.25% | Shares |
| MARATHON CAPITAL MANAGEMENT | $69,300 | 11,000 | 0.25% | Shares |
| Busey Bank | $63,000 | 10,000 | 0.23% | Shares |
| UBS Group AG | $27,280 | 4,330 | 0.10% | Shares |
| Vanguard Global Advisers, LLC | $20,166 | 3,201 | 0.07% | Shares |
| BARD ASSOCIATES INC | $16,191 | 2,570 | 0.06% | Shares |
| MCF Advisors LLC | $8,703 | 1,381 | 0.03% | Shares |
| ROYAL BANK OF CANADA | $5,000 | 867 | 0.02% | Shares |
| MORGAN STANLEY | $4,750 | 754 | 0.02% | Shares |
| NewEdge Advisors, LLC | $2,823 | 448 | 0.01% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $2,529 | 406 | 0.01% | Shares |
| BARCLAYS PLC | $1,310 | 208 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $1,094 | 174,051 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $535 | 86 | 0.00% | Shares |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $416 | 66 | 0.00% | Shares |
| PRICE T ROWE ASSOCIATES INC /MD/ | $182 | 28,753 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $63 | 10 | 0.00% | Shares |
| Virtu Financial LLC | $63 | 10,057 | 0.00% | Shares |
| DUMONT & BLAKE INVESTMENT ADVISORS LLC | $0 | 350,000 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Timothy O'Connell, Haluk L. Bayraktar, Emre Aciksoz | March 19, 2026 | 3.30% | Initial filing | Active engagement | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 18 insiders · 9 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jacob Suen | President and CEO | Sept. 3, 2026 S | 279,431 | 0 | 12 | $-336,047 |
| Charles A. Myers | President and CEO | March 9, 2018 M | 0 | 0 | 0 | $0 |
| Michael Elbaz | Chief Financial Officer | May 13, 2026 S | 135,506 | 0 | 5 | $-126,205 |
| Anil Doradla | Chief Financial Officer | Nov. 27, 2019 P | 22,244 | 0 | 0 | $0 |
| Leonard Johnson | Chief Financial Officer | April 25, 2017 A | 10,900 | 0 | 0 | $0 |
| Glenn Selbo | Chief Operating Officer | Dec. 6, 2017 M | 36,575 | 0 | 0 | $0 |
| Ali Sadri | Former CTO | April 17, 2026 S | 124,263 | 0 | 9 | $-115,845 |
| Morad Sbahi | Chief Revenue Officer | March 15, 2023 F | 86,863 | 0 | 0 | $0 |
| Kevin Thill | Sr. VP, Engineering | March 1, 2021 F | 53,906 | 0 | 0 | $0 |
| James K Sims | Director | Sept. 1, 2026 P | 457,733 | 2 | 0 | $77,997 |
| Arthur M. Toscanini | Director | May 19, 2026 M | 120,824 | 0 | 0 | $0 |
| Kiva A. Allgood | Director | Feb. 2, 2026 A | 36,849 | 0 | 0 | $0 |
| Joan H Gillman | Director | Feb. 2, 2026 A | 43,991 | 0 | 0 | $0 |
| Thomas A Munro | Director | Feb. 2, 2026 A | 84,171 | 0 | 0 | $0 |
| T J Chung | Director | Feb. 2, 2026 A | 51,015 | 0 | 0 | $0 |
| Frances Kordyback | Director | Feb. 1, 2019 A | 2,835 | 0 | 0 | $0 |
| David Lyle | · | Feb. 1, 2022 A | 67,900 | 0 | 0 | $0 |
| Francis X Egan | · | Sept. 11, 2017 P | 50,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 8 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IWC · iShares Trust | 0.01% | 33,738 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 1,607 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 32,996 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,967 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 904 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 125,401 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 338,023 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 2,369 NS | July 31, 2026 | N-PORT |
AIRG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$9.00
+95.2%
2 20.0%
Strong Buy
7 70.0%
Buy
1 10.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
4 analysts · 2026-09-20Mean target $8.88 +92.5%
← Below all targets
Current price $4.61
Low$8.50
Mean$8.88
High$9.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
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Source: SEC 10-Q filed Aug 5, 2026