Airgain, Inc.

AI-generated fair value estimate for this company.

Method: 5-year unlevered FCF DCF with explicit annual FCF of -1.0, 0.0, 1.5, 2.6, 3.6 million (reflecting a gradual margin recovery toward a 7% FCF margin on roughly flat ~52M revenue) discounted at 14%, terminal growth 2%, plus net cash of 3.14M (7.61M cash and short-term investments minus 4.47M total debt) divided by 13.10M shares outstanding.

Reasoning: Airgain is a small declining-revenue wireless-antenna hardware supplier (TTM revenue 51.35M down 9.6% YoY, FY2025 net loss 6.43M, FCF negative all recent years) that only recently returned to positive adjusted EBITDA and 19% sequential revenue growth, so a conservative multi-year path back to modest profitability with a heavy discount rate for execution risk is more defensible than assuming an immediate turnaround.