Airgain, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Concentration of Credit Risk

Concentration of Credit Risk

3 Months Ended

Mar. 31, 2022

Risks and Uncertainties [Abstract]

Concentration of Credit Risk

Note 17. Concentration of Credit Risk

(a) Concentration of Sales and Accounts Receivable

The following represents customers that accounted for 10% or more of total revenue during the three months ended March 31, 2022 and 2021:


	Three months ended March 31,
	2022			2021
Customer A		17	%		14	%
Customer B		15	%		15	%
Customer C		12	%		25	%
Customer D		12	%		1	%

The following represents customers that accounted for 10% or more of total trade accounts receivable as of March 31, 2022 and December 31, 2021:


	March 31, 2022			December 31, 2021
Customer A		16	%		29	%
Customer B		14	%		2	%
Customer C		12	%		3	%
Customer D		4	%		11	%

(b) Concentration of Purchases

During the three months ended March 31, 2022, the Company’s products were primarily manufactured by five contract manufacturers with locations in China, Mexico, Minnesota, and Vietnam and at the Company’s Arizona facility (see Note 16).

The Company’s property and equipment, net by geographic region are as follows (in thousands):


	March 31, 2022		December 31, 2021
North America	$	2,263	$	2,288
Asia Pacific (APAC)		193		217
Europe, Middle East and Africa (EMEA)		191		193
Property and equipment, net	$	2,647	$	2,698