Airgain (AIRG) 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	AIRG
Entity Registrant Name	AIRGAIN, INC.
Entity Central Index Key	0001272842
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity File Number	001-37851
Entity Tax Identification Number	95-4523882
Entity Address, Address Line One	3611 Valley Centre Drive
Entity Address, Address Line Two	Suite 150
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92130
City Area Code	760
Local Phone Number	579-0200
Entity Common Stock, Shares Outstanding		10,202,325
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	DE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash equivalents	$ 9,448	$ 14,511
Trade accounts receivable, net	9,822	10,757
Inventory	8,621	8,949
Prepaid expenses and other current assets	1,825	1,272
Total current assets	29,716	35,489
Property and equipment, net	2,951	2,698
Leased right-of-use assets	2,540	2,777
Goodwill	10,845	10,845
Intangible assets, net	12,716	14,229
Other assets	277	352
Total assets	59,045	66,390
Current liabilities:
Accounts payable	7,062	5,474
Accrued compensation	2,197	2,013
Accrued liabilities and other	4,484	2,833
Short-term lease liabilities	837	841
Deferred purchase price liabilities	153	8,726
Total current liabilities	14,733	19,887
Deferred tax liability	127	109
Long-term lease liability	1,937	2,221
Total liabilities	16,797	22,217
Commitments and contingencies (Note 16)
Stockholders’ equity:
Common stock and additional paid-in capital, par value $0.0001, 200,000 shares authorized 10,742 shares issued and 10,200 shares outstanding at June 30, 2022; and 10,638 shares issued and 10,097 shares outstanding at December 31, 2021	109,186	106,971
Treasury stock, at cost: 541 shares at June 30, 2022 and December 31, 2021.	(5,364)	(5,364)
Accumulated deficit	(61,574)	(57,434)
Total stockholders’ equity	42,248	44,173
Total liabilities and stockholders’ equity	$ 59,045	$ 66,390

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	10,742,000	10,638,000
Common stock, shares outstanding	10,200,000	10,097,000
Treasury stock, shares at cost	541,000	541,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Sales	$ 19,286	$ 17,297	$ 36,808	$ 34,674
Cost of goods sold	11,793	9,998	22,159	20,478
Gross profit	7,493	7,299	14,649	14,196
Operating expenses:
Research and development	2,962	2,726	6,204	5,432
Sales and marketing	2,889	2,489	5,744	4,928
General and administrative	3,255	3,261	6,740	6,894
Change in fair value of contingent consideration	0	1,557	0	1,557
Total operating expenses	9,106	10,033	18,688	18,811
Loss from operations	(1,613)	(2,734)	(4,039)	(4,615)
Other expense (income):
Interest income, net	(6)	(7)	(11)	(15)
Other expense	15	9	30	16
Total other expense	9	2	19	1
Loss before income taxes	(1,622)	(2,736)	(4,058)	(4,616)
Income tax (benefit) expense	(3)	(127)	82	(2,244)
Net loss	$ (1,619)	$ (2,609)	$ (4,140)	$ (2,372)
Net loss per share:
Basic	$ (0.16)	$ (0.26)	$ (0.41)	$ (0.24)
Diluted	$ (0.16)	$ (0.26)	$ (0.41)	$ (0.24)
Weighted average shares used in calculating income (loss) per share:
Basic	10,219	10,026	10,188	9,948
Diluted	10,219	10,026	10,188	9,948

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,619)	$ (2,609)	$ (4,140)	$ (2,372)
Comprehensive loss	$ (1,619)	$ (2,609)	$ (4,140)	$ (2,372)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-in Capital	Treasury Stock	Accumulated Deficit
Beginning balance at Dec. 31, 2020	$ 47,742	$ 100,356	$ (5,267)	$ (47,347)
Stock-based compensation		1,936
Replacement awards issued in relation to acquisition		40
Issuance of shares for stock purchase plan		2,240
Net loss	(2,372)			(2,372)
Ending balance at Jun. 30, 2021	49,586	104,572	(5,267)	(49,719)
Beginning balance at Mar. 31, 2021	50,398	102,775	(5,267)	(47,110)
Stock-based compensation		1,008
Replacement awards issued in relation to acquisition		0
Issuance of shares for stock purchase plan		789
Net loss	(2,609)			(2,609)
Ending balance at Jun. 30, 2021	49,586	104,572	(5,267)	(49,719)
Beginning balance at Dec. 31, 2021	44,173	106,971	(5,364)	(57,434)
Stock-based compensation		2,079
Replacement awards issued in relation to acquisition		0
Issuance of shares for stock purchase plan		136
Net loss	(4,140)			(4,140)
Ending balance at Jun. 30, 2022	42,248	109,186	(5,364)	(61,574)
Beginning balance at Mar. 31, 2022	42,823	108,142	(5,364)	(59,955)
Stock-based compensation		1,028
Replacement awards issued in relation to acquisition		0
Issuance of shares for stock purchase plan		16
Net loss	(1,619)			(1,619)
Ending balance at Jun. 30, 2022	$ 42,248	$ 109,186	$ (5,364)	$ (61,574)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (4,140)	$ (2,372)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	337	258
Loss on disposal of property and equipment	3	0
Amortization of intangible assets	1,513	1,483
Stock-based compensation	2,455	1,936
Change in fair value of contingent consideration	0	1,557
Deferred tax liability	18	(2,291)
Changes in operating assets and liabilities:
Trade accounts receivable	935	(5,735)
Inventory	328	(1,861)
Prepaid expenses and other current assets	(554)	(265)
Other assets	75	48
Accounts payable	1,159	2,356
Accrued compensation	(193)	(871)
Accrued liabilities and other	94	217
Lease liabilities	(50)	(39)
Net cash provided by (used in) operating activities	1,980	(5,579)
Cash flows from investing activities:
Cash paid for acquisition, net of cash acquired	0	(14,185)
Purchases of property and equipment	(174)	(409)
Proceeds from sale of equipment	10	0
Net cash used in investing activities	(164)	(14,594)
Cash flows from financing activities:
Cash paid for business acquisition	(7,015)	0
Proceeds from issuance of common stock, net	136	2,240
Net cash (used in) provided by financing activities	(6,879)	2,240
Net decrease in cash, cash equivalents and restricted cash	(5,063)	(17,933)
Cash, cash equivalents, and restricted cash; beginning of period	14,686	38,348
Cash, cash equivalents, and restricted cash; end of period	9,623	20,415
Supplemental disclosure of cash flow information:
Taxes paid	110	58
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets recorded upon adoption of ASC 842	0	3,199
Leased liabilities recorded upon adoption of ASC 842	0	3,519
Operating lease liabilities resulting from right-of-use assets	254	0
Accrual of property and equipment	429	94
Cash and cash equivalents	9,448	20,240
Restricted cash included in prepaid expenses and other current assets and other assets long term	175	175
Total cash, cash equivalents, and restricted cash	$ 9,623	$ 20,415

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation Description of Business 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 subsidiary NimbeLink are herein refer to as the “Company,” “we,” or “our”. The Company is a leading provider of connectivity solutions including embedded components, external antennas, and integrated systems that enable wireless networking in the consumer, enterprise, and automotive markets. The Company’s headquarters is in San Diego, California. Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Interim financial results are not necessarily indicative of results anticipated for the full year. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 , from which the balance sheet information herein was derived. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiary. All intercompany transactions and investments have been eliminated in consolidation. Segment Information The Company’s operations are located primarily in the United States and most of its assets are located in San Diego, California, and Plymouth, Minnesota. The Company operates in one segment related to providing connectivity solutions – embedded components, external antennas, and integrated systems. The Company’s chief operating decision-maker is its chief executive officer, who reviews operating results on an aggregate basis and manages the Company’s operations as a single operating segment. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain amounts in the prior year financial statements have been reclassified to conform to the presentation of the current year financial statements including the reclassification of sales and marketing expenses in the Company's consolidated statement of operations as well as reclassification of sales channel and geographic location in the disaggregated revenue disclosures i n Note 18.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies During the six months ended June 30, 2022, there have been no material changes to the Company’s significant accounting policies as described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. Restricted Cash As of June 30, 2022 and December 31, 2021, the Company had $ 175,000 in cash on deposit to secure certain lease commitments; $ 40,000 of which is short-term in nature and recorded in prepaid expenses and other current assets and $ 135,000 of which is restricted for more than twelve months and recorded in other assets in the Company’s consolidated balance sheet. Trade Accounts Receivable Trade accounts receivable is adjusted for all known uncollectible accounts. The policy for determining when receivables are past due or delinquent is based on the contractual terms agreed upon. Accounts are written off once all collection efforts have been exhausted. An allowance for doubtful accounts is established when, in the opinion of management, collection of the account is doubtful. No allowance for doubtful accounts was recorded as of June 30, 2022 and December 31, 2021 . Inventory The majority of the Company’s products are manufactured by third parties that retain ownership of the inventory until title is transferred to the customer at the shipping point. In some situations, the Company retains ownership of inventory which is held in third party contract manufacturing facilities. In certain instances, shipping terms are delivery-at-place and the Company is responsible for arranging transportation and delivery of goods ready for unloading at the named place. In those instances, the Company bears all risk involved in bringing the goods to the named place and records the related inventory in transit to the customer as inventory on the accompanying consolidated balance sheets. In the second quarter of 2022, the Company closed its facility located in Scottsdale, Arizona where certain of its products were previously manufactured. Inventory is stated at the lower of cost or net realizable value. For items manufactured by the Company, cost is determined using the weighted average cost method. For items manufactured by third parties, cost is determined using the first-in, first-out method (FIFO). Any adjustments to reduce the cost of inventories to their net realizable value are recognized in earnings in the current period. Reserves for excess and obsolete inventories are estimated based on product life cycles, quality issues, and historical experience and were $ 107,000 and $ 47,000 as of June 30, 2022, and December 31, 2021 , respectively. Business Combinations The Company applies the provisions of Accounting Standards Codification (ASC) 805, Business Combinations, in accounting for its acquisitions. It requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed, at the acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the acquisition date fair values of the net assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, as well as the contingent consideration, where applicable, its estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations. In addition, uncertain tax positions and tax-related valuation allowances assumed, if any, in connection with a business combination are initially estimated as of the acquisition date. The Company re-evaluates these items quarterly based upon facts and circumstances that existed as of the acquisition date with any adjustments to the preliminary estimates being recorded to goodwill if identified within the measurement period. Subsequent to the end of the measurement period or final determination of the estimated value of the tax allowance or contingency, whichever comes first, changes to these uncertain tax positions and tax related valuation allowances will affect the income tax provision (benefit) in the consolidated statements of operations and could have a material impact on the results of operations and financial position. Revenue Recognition On January 1, 2019, the Company adopted Financial Accounting Standards Board (FASB) ASC Topic 606, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method. The Company generates revenue mainly from the sale of wireless connectivity solutions and technologies. A portion of revenue is generated from service agreements and data subscription plans with certain customers. The revenue generated from service agreements and data subscription plans is insignificant. The Company recognizes revenue to depict the transfer of control of the promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled for those goods or services. Control transfers to customers either when the products are shipped to or received by the customer, based on the terms of the specific agreement with the customer. Revenue from the NimbeLink data subscription plans is recognized over the period of the subscription. The Company records revenue based on a five-step model in accordance with ASC 606 whereby the company (i) identifies the contract(s) with the customer, (ii) identifies the performance obligations in the contract, (iii) determines the transaction price, (iv) allocates the transaction price to the performance obligation(s) in the contract and (v) recognizes the revenue when (as) the entity satisfies performance obligations. The Company only applies the five-step model when it is probable that the entity will collect substantially all of the consideration it is entitled to in exchange for the goods or services it transfers to the customer. For product sales, each purchase order, along with existing customer agreements, when applicable, represents a contract from a customer and each product sold represents a distinct performance obligation. The contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of the Company’s revenue is recognized on a “point-in-time” basis when control passes to the customer. The revenue from service contracts is recognized either at a "point-in-time" or “over time” based on the terms and conditions in the contract. Revenue from data subscription plans are recognized “over time”. The Company offers return rights and/or pricing credits under certain circumstances. A reserve for potential rights of return of $ 44,000 and $ 109,000 was recorded as of June 30, 2022 and December 31, 2021, respectively. The Company’s contracts with customers do not typically include extended payment terms. Payment terms vary by contract and type of customer and generally range from 30 to 90 days from delivery. The Company provides assurance-type warranties on all product sales ranging from one to two years. The estimated warranty costs are accrued for at the time of sale based on historical warranty experience plus any known or expected changes in warranty exposure. The Company has recorded a warranty reserve of $ 141,000 and $ 58,000 as of June 30, 2022 and December 31, 2021, respectively. The Company has opted to not disclose the portion of revenues allocated to partially unsatisfied performance obligations, which represent products to be shipped within 12 months under open customer purchase orders, at the end of the current reporting period as allowed under ASC 606. The Company has also elected to record sales commissions when incurred, pursuant to the practical expedient under ASC 340, Other Assets and Deferred Costs , as the period over which the sales commission asset that would have been recognized is less than one year. There were no contract assets as of June 30, 2022 and December 31, 2021. As of June 30, 2022 and December 31, 2021, the Company recorded $ 0.2 million and $ 0.1 million of contract liabilities, respectively. Shipping and Transportation Costs Shipping and other transportation costs—expensed as incurred—were $ 156,000 and $ 35,000 for the three months ended June 30, 2022 and 2021, respectively. Shipping and other transportation expenses were $ 0.3 million and $ 0.1 million for the six months ended June 30, 2022 and 2021 , respectively. These costs are included in sales and marketing expenses in the accompanying consolidated statements of operations. Fair Value Measurements The carrying values of the Company’s financial instruments, including cash, trade accounts receivable, accounts payable, accrued liabilities and deferred purchase price obligations approximate their fair values due to the short maturity of these instruments. Fair value measurements are market-based measurements, not entity-specific measurements. Therefore, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. The Company follows a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below: • Level 1: Quoted prices in active markets for identical assets or liabilities. • Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. • Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable in active markets. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . This standard changes the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. In December 2019, the FASB issued ASU 2019-10, Effective Dates which updated the effective dates of adoption of ASU 2016-13 . ASU 2016-13 is effective, for Smaller Reporting Companies, for annual and interim periods in fiscal years beginning after December 15, 2022. Companies are required to adopt the standard using a modified retrospective adoption method. The Company does not expect the standard to have a significant impact on its financial statements, when adopted In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326), Targeted Transition Relief , which provides entities that have certain instruments within the scope of ASC 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost , with an option to irrevocably elect the fair value option for eligible instruments. The effective date and transition methodology for this standard are the same as in ASU 2016-13. The Company expects this accounting standard option, if elected, will not have a significant impact on its financial statements, but we will continue to monitor any future impact.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Note 3. Net Loss Per Share Basic net loss per share is calculated by dividing net loss by the weighted average shares of common stock outstanding for the period. Diluted net loss per share is calculated by dividing net loss by the weighted average shares of common stock outstanding for the period plus amounts representing the dilutive effect of securities that are convertible into common stock. The Company calculates diluted net loss per common share using the treasury stock method. The following table presents the computation of net loss per shar e (in thousands except per share data): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Numerator: Net loss $ ( 1,619 ) $ ( 2,609 ) $ ( 4,140 ) $ ( 2,372 ) Denominator: Basic weighted average common shares outstanding 10,219 10,026 10,188 9,948 Plus dilutive effect of potential common shares — — — — Diluted weighted average common shares outstanding 10,219 10,026 10,188 9,948 Net loss per share: Basic $ ( 0.16 ) $ ( 0.26 ) $ ( 0.41 ) $ ( 0.24 ) Diluted $ ( 0.16 ) $ ( 0.26 ) $ ( 0.41 ) $ ( 0.24 ) Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net loss per share because to do so would be anti-dilutive are as follow s (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Stock options, restricted stock and performance stock 2,122 1,307 2,032 1,318 Warrants outstanding — 4 — 25 Employee Stock Purchase Plan shares — — — 2 Total common stock equivalent shares 2,122 1,311 2,032 1,345

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Business Combinations	Note 4. Business Combinations On January 7, 2021, the Company entered into a Stock Purchase Agreement, by and among the Company, NimbeLink Corp., the sellers set forth therein (the Sellers) and Scott Schwalbe in his capacity as seller representative (the Purchase Agreement). NimbeLink is an industrial Internet of Things (IoT) company focused on the design, development and delivery of edge-based cellular connectivity solutions for enterprise customers. The acquisition of NimbeLink supports the Company's transition toward becoming a more system-level company and will play an important role in the Company's overall growth strategy to broaden market diversification, especially within the industrial IoT space. Pursuant to the Purchase Agreement, at the closing on January 7, 2021, the Company acquired all of the outstanding stock of NimbeLink for an upfront cash purchase price of approximately $ 15.0 million, subject to working capital and other customary adjustments of $ 1.0 million and $ 0.7 million in deferred cash payments due to the Sellers fifteen months after the close of the transaction. In addition, NimbeLink’s former security holders are entitled to receive $ 8.0 million in contingent consideration, due to achieving certain revenue targets in 2021. The Company assumed unvested common stock options of continuing employees and service providers. Acquisition Consideration The following table summarizes the fair value of purchase consideration to acquire NimbeLink (in thousands): Cash $ 15,991 Deferred payments (1) 728 Contingent consideration (2) 5,986 Replacement options (3) 40 Total purchase consideration $ 22,745 (1) The fair value of the holdback payment was determined by discounting to present value, payments totaling $ 0.7 million expected to be made to NimbeLink fifteen months after the close of the transaction. (2) The fair value of contingent consideration is based on applying the Monte Carlo simulation method to forecast achievement under various contingent consideration events which may result in up to $ 8 million in payments subject to the acquired business’s satisfying certain revenue targets in 2021. Key inputs in the valuation include forecasted revenue, revenue volatility and discount rate. Underlying forecast mathematics were based on Geometric Brownian Motion in a risk-neutral framework and discounted back to the applicable period in which the accumulative thresholds were achieved at discount rates commensurate with the risk and expected payout term of the contingent consideration. (3) Represents the pre-combination stock compensation expense for replacement options issued to NimbeLink employees. Purchase Price Allocation The following is an allocation of purchase price as of the closing date based upon an estimate of the fair value of the assets acquired and liabilities assumed by the Company in the acquisition (in thousands): Cash $ 1,806 Accounts receivable 1,127 Inventory 1,671 Prepaids and other current assets 141 Property and equipment 151 Right of use assets 402 Other assets 194 Identified intangible assets 14,065 Accounts payable ( 654 ) Accrued compensation ( 139 ) Accrued expenses and other current liabilities ( 432 ) Short-term lease liabilities ( 78 ) Long-term lease liabilities ( 324 ) Deferred tax liabilities ( 2,330 ) Identifiable net assets acquired 15,600 Goodwill 7,145 Total purchase price $ 22,745 The following is a summary of identifiable intangible assets acquired and the related expected lives for the finite-lived intangible asse ts (in thousands): Category Estimated Fair value Finite-lived intangible assets Market-related intangibles 5 $ 1,700 Customer relationships 5 8,950 Developed technology 12 2,600 Covenants to non-compete 2 115 Indefinite-lived intangible assets In-process research and development N/A 700 Total identifiable intangible assets acquired $ 14,065 Assumptions in the Allocations of Purchase Price Management prepared the purchase price allocations and in doing so considered or relied in part upon reports of a third party valuation expert to calculate the fair value of certain acquired assets, which primarily included identifiable intangible assets and inventory, and the portions of the purchase consideration expected to be paid to NimbeLink securityholders in the future, as described above. Certain NimbeLink securityholders that are employees are not required to remain employed in order to receive the deferred payments and contingent consideration; accordingly, the fair value of the deferred payments and contingent consideration have been accounted for as a portion of the purchase consideration. $ 8.0 million. The contingent consideration balance was recorded to deferred purchase price liabilities in other current liabilities in the Company's condensed consolidated balance sheet. The contingent consideration of $ 8.0 million and deferred payment of $ 0.6 million were paid in April 2022. The goodwill recognized is attributable primarily to the acquired workforce, expected synergies, and other benefits that the Company believes will result from integrating the operations of the NimbeLink business with the operations of the Company. Certain liabilities included in the purchase price allocations are based on management’s best estimates of the amounts to be paid or settled and based on information available at the time the purchase price allocations were prepared. The fair value of the customer relationships was determined using the multi-period excess earnings method (MPEEM). MPEEM estimates the value of an intangible asset by quantifying the amount of residual (or excess) cash flows generated by the asset and discounting those cash flows to the present. Future cash flows for contractual and non-contractual customers were estimated based on forecasted revenue and costs, taking into account the growth rates and contributory charges. The fair value of market-related intangible assets, developed technology, and in-process research and development (IPR&D) was determined using the Relief-from-Royalty method. The Relief-from-Royalty method is a specific application of the discounted-cash-flow method, which is a form of the income approach. It is based on the principle that ownership of the intangible asset relieves the owner of the need to pay a royalty to another party in exchange for rights to use the asset. Key assumptions to estimate the hypothetical royalty rate include observable royalty rates, which are royalty rates in negotiated licenses and market-based royalty rates which are royalty rates found in available market data for licenses involving similar assets. Developed technology will begin amortizing immediately and IPR&D will begin amortizing upon the completion of each project. During the three months ended March 31, 2021, all IPR&D projects were completed and transferred to developed technology, with a twelve-year estimated life. The fair value of non-compete intangible assets was estimated using the with-and-without method. The with-and-without method estimates the value of an intangible asset by quantifying the loss of economic profits under a hypothetical condition where only the subject intangible does not exist and needs to be re-created. Projected revenues, operating expenses and cash flows are calculated in each "with" and "without" scenario and the difference in the cash flow is discounted to present value. Inventory was valued at net realizable value. Raw materials were valued at book value and finished goods were valued assuming hypothetical revenues from finished goods adjusted for disposal costs, profit attributable to the seller and holding costs. An inventory step-up of $ 0.4 million is included in the purchase price allocation above. The Company assumed liabilities in the acquisition which primarily consist of accrued employee compensation and certain operating liabilities. The liabilities assumed in these acquisitions are included in the respective purchase price allocations above. Goodwill recorded in connection with the NimbeLink acquisition was $ 7.1 million. The Company does not expect to deduct any of the acquired goodwill for tax purposes. Also see Note 8, Intangible Assets for further information on intangible assets related to the NimbeLink acquisition.

Cash and Cash Equivalents

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Note 5. Cash and Cash Equivalents The following tables show the Company’s cash and cash equivalents by significant investment category (in thousands): June 30, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Estimated fair value Cash and cash equivalents Cash $ 3,277 $ — $ — $ 3,277 $ 3,277 Level 1: Money market funds 6,171 — — $ 6,171 $ 6,171 Total $ 9,448 $ — $ — $ 9,448 $ 9,448 December 31, 2021 Amortized Gross Unrealized Gains Gross Unrealized Losses Estimated fair value Cash and cash equivalents Cash $ 3,702 $ — $ 3,702 $ 3,702 Level 1: Money market funds 10,809 — — 10,809 10,809 Total $ 14,511 $ — $ — $ 14,511 $ 14,511

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Note 6. Inventory Inventories are comprised of the following (in thousands): June 30, 2022 December 31, 2021 Raw materials $ 6,031 $ 7,908 Finished goods 2,590 1,041 Total Inventory $ 8,621 $ 8,949 As of June 30, 2022 and December 31, 2021, $ 5.5 million and $ 3.8 million of raw materials, respectively, and $ 1.2 million and $ 0.4 million of finished goods inventories, respectively, are on consignment at the Company's contract manufacturers.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment Depreciation and amortization of property and equipment is calculated on the straight-line method based on the shorter of the estimated useful life or the term of the lease for tenant improvements and three to fifteen years for all other property and equipment. Property and equipment consist of the follo wing (in thousands): June 30, 2022 December 31, 2021 Computers and software $ 637 $ 657 Furniture, fixtures, and equipment 410 398 Manufacturing and testing equipment 4,815 4,700 Construction in process 440 40 Leasehold improvements 979 932 Property and equipment, gross 7,281 6,727 Less accumulated depreciation ( 4,330 ) ( 4,029 ) Property and equipment, net $ 2,951 $ 2,698 Depreciation expense was $ 0.2 million and $ 0.1 million for the three months ended June 30, 2022 and 2021, respectively, and $ 0.3 million for each of the six months ended June 30, 2022 and 2021 .

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Note 8. Intangible Assets The following is a summary of the Company’s acquired intangible as sets (dollars in thousands): June 30, 2022 Weighted average amortization period (in years) Gross Accumulated Net Market related intangibles 5 $ 1,820 $ 625 $ 1,195 Customer relationships 7 13,780 5,584 8,196 Developed technologies 11 4,380 1,085 3,295 Covenants to non-compete 2 115 85 30 Total intangible assets, net $ 20,095 $ 7,379 $ 12,716 December 31, 2021 Weighted average amortization period (in years) Gross Accumulated Net carrying amount Market related intangibles 5 $ 1,820 $ 454 $ 1,366 Customer relationships 7 13,780 4,447 9,333 Developed technologies 11 4,380 908 3,472 Covenants to non-compete 2 115 57 58 Total intangible assets, net $ 20,095 $ 5,866 $ 14,229 Estimated annual amortization of intangible assets for the next five years and thereafter is shown in the foll owing table (in thousands): Estimated future amortization 2022 (remaining six months) $ 1,513 2023 $ 2,969 2024 $ 2,968 2025 $ 2,958 2026 $ 557 Thereafter $ 1,751 Total $ 12,716 Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors. Amortization expense was $ 0.8 million for each of the three months ended June 30, 2022 and 2021 and $ 1.5 million for each of the six months ended June 30, 2022 and 2021 .

Accrued Liabilities and Other

Accrued Liabilities and Other	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Accrued Liabilities and Other	No t e 9. Accrued Liabilities and Other Accrued liabilities and other is comprised of the follo wing (in thousands): June 30, 2022 December 31, 2021 Advanced payments from contract manufacturers $ 1,559 $ 682 Accrued expenses 718 1,277 VAT payable 339 339 Accrued income taxes 203 258 Contract liabilities 165 79 Other current liabilities 1,500 198 Accrued liabilities and other $ 4,484 $ 2,833

Notes Payable and Line of Credi

Notes Payable and Line of Credit	6 Months Ended
	Jun. 30, 2022
Long-Term Debt, Unclassified [Abstract]
Notes Payable and Line of Credit	No t e 10. Notes Payable and Line of Credit On January 7, 2021, as a result of the NimbeLink acquisition, the Company assumed a revolving line of credit (Line of Credit) with Choice Financial Group (Choice) whereby Choice had made available to the Company a secured credit facility of up to the lesser of (1) $ 1.5 million or (2) the sum of (a) 80 % of the aggregate amount of third party accounts receivable balances, excluding progress billings, foreign receivables, accounts subject to dispute or setoff and doubtful accounts (Eligible Accounts) aged less than 90 days, net of 10 % allowance, and (b) 25 % of raw materials and finished goods, except those held at named contract manufacturer, after a 10 % reserve for excess and obsolete inventory. Amounts borrowed under the Line of Credit bore interest at the prime rate plus 1 %, payable monthly . The facility was secured by a commercial guarantee and a lien over the property of NimbeLink including inventory, equipment, accounts receivable, investments, deposit accounts, other rights to payment and performance and general intangibles. In April 2021, the Company closed the Line of Credit with Choice. On February 18, 2022, the Company and its subsidiary NimbeLink entered into a loan and security agreement with Silicon Valley Bank, providing a revolving line of credit for $ 4.0 million. The line of credit will only allow for maximum advances of 80 % of the aggregate face amount of certain eligible receivables. The line of credit bears an interest rate of WSJ prime (currently 3.5%) plus 1.75% and matures in February 2023. The lender has a first security interest in all of the Company's and NimbeLink’s assets, excluding intellectual property, for which the lender has received a negative pledge and includes certain financial and non-financial covenants. The Company is required to pay monthly interest and paid an annual commitment fee of $ 15,000 upon signing. As of June 30, 2022 , there was no balance owed on the line of credit.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Note 11. Leases Operating leases The Company adopted ASC 842 on January 1, 2021, using the effective date transition method, which requires a cumulative-effect adjustment to the opening balance of retained earnings on the effective date. As a result of the adoption of ASC 842, the Company recognized right-of-use assets and lease liabilities of $ 3.2 million and $ 3.5 million, respectively, as of the January 1, 2021 effective date. There was no impact to opening retained earnings or to the condensed consolidated statement of operations from the adoption of ASC 842. The Company has made certain assumptions and judgements when applying ASC 842 including the adoption of the package of practical expedients available for transition. The practical expedients allowed the Company to not reassess (i) whether expired or existing contracts contained leases, (ii) lease classification for expired or existing leases and (iii) previously capitalized initial direct costs. The Company also elected not to recognize right-of-use assets and lease liabilities for short-term leases (leases with a term of twelve months or less). Operating lease arrangements primarily consist of office, warehouse, and test house leases expiring at various years through 2025 . The facility leases have original lease terms of two to seven year s and contain options to extend the lease up to 5 years or terminate the lease. Options to extend are included in leased right-of-use assets and lease liabilities in the consolidated balance sheet when the Company is reasonably certain it will renew the underlying leases. Since the implicit rate of such leases is unknown and the Company is not reasonably certain to renew its leases, the Company has elected to apply a collateralized incremental borrowing rate to facility leases on the original lease term in calculating the present value of future lease payments. As of June 30, 2022 and December 31, 2021, the weighted average discount rate for operating leases was 3.8 % and 3.6 % , respectively, and the weighted average remaining lease term for operating leases was 3.2 years and 3.7 years, respectively. The Company has entered into various short-term operating leases, primarily for test houses and office equipment with initial terms of 12 months or less . These s hort-term leases are not recorded on the Company's consolidated balance sheet and the related lease expense for these short-term leases was $ 42,000 and $ 46,000 ,for the three months ended June 30, 2022 and 2021, respectively. Total operating lease cost was $ 0.2 million and $ 0.3 million for the three months ended June 30, 2022 and 2021, respectively and $ 0.5 million and $ 0.7 million for the six months ended June 30, 2022 and 2021, respectively. The table below presents aggregate future minimum payments due under leases, reconciled to lease liabilities included in the consolidated balance sheet as of June 30, 2022 (in thousands): Estimated future lease obligation 2022 (remaining six months) $ 474 2023 913 2024 877 2025 687 Total minimum payments 2,951 Less imputed interest ( 178 ) Less unrealized translation gain 1 Total lease liabilities 2,774 Less short-term lease liabilities ( 837 ) Long-term lease liability $ 1,937

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Treasury Stock	Note 12. Treasury Stock In 2019 the Company’s Board of Directors (the Board) approved a share repurchase program (the Program) pursuant to which the Company could purchase up to $ 7.0 million of shares of its common stock. The repurchases under the Program were made from time to time in the open market or in privately negotiated transactions and were funded from the Company’s working capital. Repurchases were made in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, subject to market conditions, available liquidity, cash flow, applicable legal requirements and other factors. The Program expired in September 2021.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes The Company’s effective income tax rate was - 2.0 % and 48.6 % for the six months ended June 30, 2022 and 2021, respectively. The variance from the U.S. federal statutory rate of 21.0 % for the six months ended June 30, 2022 was primarily attributable to the utilization of deferred tax attributes that had a full valuation allowance. The variance from the U.S. federal statutory rate of 21 % for the three months ended June 30, 2021 was primarily related to the release of the valuation allowance attributable to the acquisition of NimbeLink. Management assesses its deferred tax assets quarterly to determine whether all or any portion of the asset is more likely than not unrealizable under ASC Topic 740. The Company is required to establish a valuation allowance for any portion of the asset that management concludes is more likely than not to be unrealizable. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company’s assessment considers all evidence, both positive and negative, including the nature, frequency and severity of any current and cumulative losses, taxable income in carryback years, the scheduled reversal of deferred tax liabilities, tax planning strategies, and projected future taxable income in making this assessment. As of December 31, 2021, the Company had a valuation allowance against net deferred tax assets of $ 9.5 million, however, the exclusion of a deferred tax liability generated by goodwill (an indefinite lived intangible) may not be considered a future source of taxable income in evaluating the need for a valuation allowance.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Class of Stock Disclosures [Abstract]
Stockholders' Equity	Note 14. Stockholders’ Equity In August 2016, the Company's Board adopted the 2016 Equity Inventive Plan (the 2016 Plan) for employees, directors and consultants. In February 2021, the Board adopted the 2021 Employment Inducement Incentive Award Plan (Inducement Plan), which provides for grants of equity-based awards, of which 300,000 shares were initially reserved under the Inducement Plan. In connection with the NimbeLink acquisition, the Company assumed the NimbeLink Corp 2016 Stock Incentive Plan and stock options to purchase 22,871 shares of common stock issuable thereunder. The following table presents common stock reserved for future issuance (1) (in thousands): June 30, 2022 December 31, 2021 Stock options issued and outstanding 2,059 2,000 Stock awards issued and outstanding 505 — Authorized for grants under the 2016 Equity Incentive Plan (2) 451 332 Authorized for grants under the Inducement Plan (3) 44 81 Authorized for grants under the 2016 Employee Stock Purchase Plan (4) 395 326 3,454 2,739 (1) The table above excludes 541,000 treasury stock shares as of June 30, 2022 and December 31, 2021. (2) On January 1, 2022 , the number of authorized shares in the 2016 Plan increased by 404,000 shares pursuant to the evergreen provisions of the 2016 Plan. (3) On February 5, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan; 69,000 shares were is sued under the Inducement Plan during the six months ended June 30, 2022 . (4) On January 1, 2022, the number of authorized shares in the 2016 Employee Stock Purchase Plan increased by 100,000 sh ares pursuant to the evergreen provisions of the 2016 Employee Stock Purchase Plan.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	Note 15. Stock Based Compensation Stock-based compensation expense Stock-based compensation is recorded in the consolidated statements of operations as fol lows (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Cost of goods sold $ 22 $ 1 $ 26 $ 2 Research and development 278 176 554 380 Sales and marketing 296 213 583 428 General and administrative 618 618 1,292 1,126 Total stock-based compensation expense $ 1,214 $ 1,008 $ 2,455 $ 1,936 Stock Options The following table summarizes the outstanding stock option activity during the period indi cated (shares in thousands): Weighted average Number of Exercise Remaining contractual term (in years) Balance at December 31, 2021 2,000 $ 12.79 7.3 Granted 308 9.24 Exercised ( 8 ) 2.33 Expired/Forfeited ( 241 ) 13.47 Balance at June 30, 2022 2,059 12.22 7.0 Vested and exercisable at June 30, 2022 1,288 11.12 6.0 Vested and expected to vest at June 30, 2022 2,059 12.22 7.0 The weighted average grant date fair value of options granted during the six months ended June 30, 2022 was $ 4.87 . For stock options vested and expected to vest, the aggregate intrinsic value as of June 30, 2022 and December 31, 2021, was $ 1.0 million and $ 2.2 million, respectively. At June 30, 2022, there was $ 4.8 million of unrecognized compensation cost related to unvested stock options granted under the Company’s equity plans that is expected to be recognized over the next 2.5 years. Restricted Stock The following table summarizes the Company's restricted stock unit activity during the period indi cated (shares in thousands): Restricted Weighted average grant date fair value Balance at December 31, 2021 333 $ 17.55 Grants 145 $ 9.02 Vested and released ( 78 ) $ 17.90 Forfeited ( 69 ) $ 15.54 Balance at June 30, 2022 331 $ 14.13 As of June 30, 2022, there was $ 3.9 million of total unrecognized compensation cost related to unvested restricted stock units having a weighted average remaining contractual term of 2.9 years. Performance Stock Units The following table summarizes the Company's performance stock unit (PSU) activity during the period indi cated (shares in thousands): Performance Weighted average grant date fair value Balance at December 31, 2021 — $ — Grants 174 $ 2.20 Vested and released — $ — Forfeited — $ — Balance at June 30, 2022 174 $ — Service as well as market and performance conditions determine the number of PSUs that the holder will earn from 0% to 150% of the target number of shares. The per centage received is based on the Company common stock price targets over a three-year service period. Additionally, the Company must achieve or exceed 75% of the year to date revenue target measured at the end of the quarter in which the price target is achieved. As of June 30, 2022, there was $ 0.3 million of total unrecognized compensation cost related to unvested PSUs having a weighted average remaining contractual term of 1.8 years. We estimate the fair value of PSUs with a market condition using a Monte Carlo simulation model as of the date of grant using historical volatility. Share-Settled Obligation Share-based compensation expense for the three and six months ended June 30, 2022 was $ 0.2 million and $ 0.4 million, respectively for the liability classified restricted stock unit payout obligation related to the 2022 executive bonus accrual. The bonus accrual is based on probable achievement on financial and other performance targets. Employee Stock Purchase Plan (ESPP) The Company maintains the 2016 Employee Stock Purchase Plan (ESPP) that provides employees an opportunity to purchase common stock through payroll deductions. The ESPP is implemented through consecutive 6 -month offering periods commencing on March 1 and September 1 of each year. The purchase price is set at 85 % of the fair market value of the Company's common stock on either the first or last trading day of the offering period, whichever is lower. Annual contributions are limited to the lower of 20 % of an employee's eligible compensation or such other limits as apply under Section 423 of the Internal Revenue Code. The ESPP is intended to qualify as an employee stock purchase plan for purposes of Section 423 of the Internal Revenue Code. Based on the 15 % discount and the fair value of the option feature of the ESPP, it is considered compensatory. Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model. The Company currently uses authorized and unissued shares to satisfy share award exercises. During the six months ended June 30, 2022, the Company received $ 0.2 million from the issuance of 31,170 shares under the ESPP .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16. Commitments and Contingencies Facilities shut down In the second quarter of 2022, the Company completed the move of its in-house manufacturing operations to external contract manufacturers and shut down its Arizona manufacturing operations where aftermarket fleet and AirgainConnect products were produced. The Company does not expect to incur lease exit costs as the Arizona lease expired in April 2022. In addition, the Company reduced headcount for the United Kingdom research and sales teams. The United Kingdom lease expires in September 2022. In total, the Company incurred and paid severance costs of $ 24,700 and $ 122,624 for the three and six months ended June 30, 2022, respectively, primarily related to Arizona and the United Kingdom. Potential product warranty claims In January 2022, the Company was notified of a potential product warranty claim. The Company was able to identify the root cause of the claim, as well as the needed enhancement to the product. As of June 30, 2022, the Company reserved approximately $ 141,000 in warranty expense. Indemnification In some agreements to which the Company is a party, the Company has agreed to indemnify the other party for certain matters, including, but not limited to, product liability and intellectual property. To date, there have been no known events or circumstances that have resulted in any material costs related to these indemnification provisions and no liabilities have been recorded in the accompanying consolidated financial statements.

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 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: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Customer A 28 % 11 % 28 % 13 % Customer B 22 % 24 % 19 % 25 % Customer C 14 % 4 % 15 % 3 % Customer D 14 % 21 % 14 % 18 % The following represents customers that accounted for 10 % or more of total trade accounts receivable: June 30, 2022 December 31, 2021 Customer A 39 % 29 % Customer B 14 % 2 % Customer C 13 % 3 % Customer D 11 % 11 % (b) Concentration of Purchases During the three and six months ended June 30, 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). (c) Concentration of Property and Equipment The Company’s property and equipment, net by geographic region, are as follows (in thousands): June 30, 2022 December 31, 2021 North America $ 2,601 $ 2,288 Asia Pacific (APAC) 170 217 Europe, Middle East and Africa (EMEA) 180 193 Property and equipment, net $ 2,951 $ 2,698

Disaggregated Revenue

Disaggregated Revenue	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregated Revenue	Note 18. Disaggregated Revenue Disaggregated revenue are as fo llows (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 By Sales Channel: Distributors and resellers $ 11,415 $ 11,050 $ 21,566 $ 23,024 OEM/ODM/Contract manufacturer 3,159 2,204 6,654 5,127 Other 4,712 4,043 8,588 6,523 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 By Market Group: Consumer $ 5,981 $ 8,905 $ 12,043 $ 19,201 Enterprise 9,120 6,152 17,749 10,534 Automotive 4,185 2,240 7,016 4,939 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 By Geography: China (including Hong Kong and Taiwan) $ 6,268 $ 9,100 $ 12,727 $ 19,009 North America 12,424 7,576 22,903 14,233 Rest of the world 594 621 1,178 1,432 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 Revenue generated from the United States was $ 12.4 million and $ 7.4 million for the three months ended June 30, 2022 and 2021, respectively, and $ 22.7 million and $ 13.8 million for the six months ended June 30, 2022 and 2021 , respectively.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Description of Business	Description of Business 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 subsidiary NimbeLink are herein refer to as the “Company,” “we,” or “our”. The Company is a leading provider of connectivity solutions including embedded components, external antennas, and integrated systems that enable wireless networking in the consumer, enterprise, and automotive markets. The Company’s headquarters is in San Diego, California.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Interim financial results are not necessarily indicative of results anticipated for the full year. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 , from which the balance sheet information herein was derived. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiary. All intercompany transactions and investments have been eliminated in consolidation.
Segment Information	Segment Information The Company’s operations are located primarily in the United States and most of its assets are located in San Diego, California, and Plymouth, Minnesota. The Company operates in one segment related to providing connectivity solutions – embedded components, external antennas, and integrated systems. The Company’s chief operating decision-maker is its chief executive officer, who reviews operating results on an aggregate basis and manages the Company’s operations as a single operating segment.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain amounts in the prior year financial statements have been reclassified to conform to the presentation of the current year financial statements including the reclassification of sales and marketing expenses in the Company's consolidated statement of operations as well as reclassification of sales channel and geographic location in the disaggregated revenue disclosures i n Note 18.
Restricted Cash	Restricted Cash As of June 30, 2022 and December 31, 2021, the Company had $ 175,000 in cash on deposit to secure certain lease commitments; $ 40,000 of which is short-term in nature and recorded in prepaid expenses and other current assets and $ 135,000 of which is restricted for more than twelve months and recorded in other assets in the Company’s consolidated balance sheet.
Trade Accounts Receivable	Trade Accounts Receivable Trade accounts receivable is adjusted for all known uncollectible accounts. The policy for determining when receivables are past due or delinquent is based on the contractual terms agreed upon. Accounts are written off once all collection efforts have been exhausted. An allowance for doubtful accounts is established when, in the opinion of management, collection of the account is doubtful. No allowance for doubtful accounts was recorded as of June 30, 2022 and December 31, 2021 .
Inventory	Inventory The majority of the Company’s products are manufactured by third parties that retain ownership of the inventory until title is transferred to the customer at the shipping point. In some situations, the Company retains ownership of inventory which is held in third party contract manufacturing facilities. In certain instances, shipping terms are delivery-at-place and the Company is responsible for arranging transportation and delivery of goods ready for unloading at the named place. In those instances, the Company bears all risk involved in bringing the goods to the named place and records the related inventory in transit to the customer as inventory on the accompanying consolidated balance sheets. In the second quarter of 2022, the Company closed its facility located in Scottsdale, Arizona where certain of its products were previously manufactured. Inventory is stated at the lower of cost or net realizable value. For items manufactured by the Company, cost is determined using the weighted average cost method. For items manufactured by third parties, cost is determined using the first-in, first-out method (FIFO). Any adjustments to reduce the cost of inventories to their net realizable value are recognized in earnings in the current period. Reserves for excess and obsolete inventories are estimated based on product life cycles, quality issues, and historical experience and were $ 107,000 and $ 47,000 as of June 30, 2022, and December 31, 2021 , respectively.
Fair Value Measurements	Fair Value Measurements The carrying values of the Company’s financial instruments, including cash, trade accounts receivable, accounts payable, accrued liabilities and deferred purchase price obligations approximate their fair values due to the short maturity of these instruments. Fair value measurements are market-based measurements, not entity-specific measurements. Therefore, fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability. The Company follows a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below: • Level 1: Quoted prices in active markets for identical assets or liabilities. • Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level 3: Valuations derived from valuation techniques in which one or more significant inputs are unobservable in active markets.
Business Combinations	Business Combinations The Company applies the provisions of Accounting Standards Codification (ASC) 805, Business Combinations, in accounting for its acquisitions. It requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed, at the acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the acquisition date fair values of the net assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, as well as the contingent consideration, where applicable, its estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations. In addition, uncertain tax positions and tax-related valuation allowances assumed, if any, in connection with a business combination are initially estimated as of the acquisition date. The Company re-evaluates these items quarterly based upon facts and circumstances that existed as of the acquisition date with any adjustments to the preliminary estimates being recorded to goodwill if identified within the measurement period. Subsequent to the end of the measurement period or final determination of the estimated value of the tax allowance or contingency, whichever comes first, changes to these uncertain tax positions and tax related valuation allowances will affect the income tax provision (benefit) in the consolidated statements of operations and could have a material impact on the results of operations and financial position.
Revenue Recognition	Revenue Recognition On January 1, 2019, the Company adopted Financial Accounting Standards Board (FASB) ASC Topic 606, Revenue from Contracts with Customers (ASC 606) using the modified retrospective method. The Company generates revenue mainly from the sale of wireless connectivity solutions and technologies. A portion of revenue is generated from service agreements and data subscription plans with certain customers. The revenue generated from service agreements and data subscription plans is insignificant. The Company recognizes revenue to depict the transfer of control of the promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled for those goods or services. Control transfers to customers either when the products are shipped to or received by the customer, based on the terms of the specific agreement with the customer. Revenue from the NimbeLink data subscription plans is recognized over the period of the subscription. The Company records revenue based on a five-step model in accordance with ASC 606 whereby the company (i) identifies the contract(s) with the customer, (ii) identifies the performance obligations in the contract, (iii) determines the transaction price, (iv) allocates the transaction price to the performance obligation(s) in the contract and (v) recognizes the revenue when (as) the entity satisfies performance obligations. The Company only applies the five-step model when it is probable that the entity will collect substantially all of the consideration it is entitled to in exchange for the goods or services it transfers to the customer. For product sales, each purchase order, along with existing customer agreements, when applicable, represents a contract from a customer and each product sold represents a distinct performance obligation. The contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of the Company’s revenue is recognized on a “point-in-time” basis when control passes to the customer. The revenue from service contracts is recognized either at a "point-in-time" or “over time” based on the terms and conditions in the contract. Revenue from data subscription plans are recognized “over time”. The Company offers return rights and/or pricing credits under certain circumstances. A reserve for potential rights of return of $ 44,000 and $ 109,000 was recorded as of June 30, 2022 and December 31, 2021, respectively. The Company’s contracts with customers do not typically include extended payment terms. Payment terms vary by contract and type of customer and generally range from 30 to 90 days from delivery. The Company provides assurance-type warranties on all product sales ranging from one to two years. The estimated warranty costs are accrued for at the time of sale based on historical warranty experience plus any known or expected changes in warranty exposure. The Company has recorded a warranty reserve of $ 141,000 and $ 58,000 as of June 30, 2022 and December 31, 2021, respectively. The Company has opted to not disclose the portion of revenues allocated to partially unsatisfied performance obligations, which represent products to be shipped within 12 months under open customer purchase orders, at the end of the current reporting period as allowed under ASC 606. The Company has also elected to record sales commissions when incurred, pursuant to the practical expedient under ASC 340, Other Assets and Deferred Costs , as the period over which the sales commission asset that would have been recognized is less than one year. There were no contract assets as of June 30, 2022 and December 31, 2021. As of June 30, 2022 and December 31, 2021, the Company recorded $ 0.2 million and $ 0.1 million of contract liabilities, respectively.
Shipping and Transportation Costs	Shipping and Transportation Costs Shipping and other transportation costs—expensed as incurred—were $ 156,000 and $ 35,000 for the three months ended June 30, 2022 and 2021, respectively. Shipping and other transportation expenses were $ 0.3 million and $ 0.1 million for the six months ended June 30, 2022 and 2021 , respectively. These costs are included in sales and marketing expenses in the accompanying consolidated statements of operations.
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments . This standard changes the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. In December 2019, the FASB issued ASU 2019-10, Effective Dates which updated the effective dates of adoption of ASU 2016-13 . ASU 2016-13 is effective, for Smaller Reporting Companies, for annual and interim periods in fiscal years beginning after December 15, 2022. Companies are required to adopt the standard using a modified retrospective adoption method. The Company does not expect the standard to have a significant impact on its financial statements, when adopted In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326), Targeted Transition Relief , which provides entities that have certain instruments within the scope of ASC 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost , with an option to irrevocably elect the fair value option for eligible instruments. The effective date and transition methodology for this standard are the same as in ASU 2016-13. The Company expects this accounting standard option, if elected, will not have a significant impact on its financial statements, but we will continue to monitor any future impact.

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of Computation of Net Loss Per Share	The following table presents the computation of net loss per shar e (in thousands except per share data): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Numerator: Net loss $ ( 1,619 ) $ ( 2,609 ) $ ( 4,140 ) $ ( 2,372 ) Denominator: Basic weighted average common shares outstanding 10,219 10,026 10,188 9,948 Plus dilutive effect of potential common shares — — — — Diluted weighted average common shares outstanding 10,219 10,026 10,188 9,948 Net loss per share: Basic $ ( 0.16 ) $ ( 0.26 ) $ ( 0.41 ) $ ( 0.24 ) Diluted $ ( 0.16 ) $ ( 0.26 ) $ ( 0.41 ) $ ( 0.24 )
Summary of Potentially Dilutive Securities	Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net loss per share because to do so would be anti-dilutive are as follow s (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Stock options, restricted stock and performance stock 2,122 1,307 2,032 1,318 Warrants outstanding — 4 — 25 Employee Stock Purchase Plan shares — — — 2 Total common stock equivalent shares 2,122 1,311 2,032 1,345

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2022
Business Acquisition [Line Items]
Summary of Fair Value of Purchase Consideration	The following table summarizes the fair value of purchase consideration to acquire NimbeLink (in thousands): Cash $ 15,991 Deferred payments (1) 728 Contingent consideration (2) 5,986 Replacement options (3) 40 Total purchase consideration $ 22,745 (1) The fair value of the holdback payment was determined by discounting to present value, payments totaling $ 0.7 million expected to be made to NimbeLink fifteen months after the close of the transaction. (2) The fair value of contingent consideration is based on applying the Monte Carlo simulation method to forecast achievement under various contingent consideration events which may result in up to $ 8 million in payments subject to the acquired business’s satisfying certain revenue targets in 2021. Key inputs in the valuation include forecasted revenue, revenue volatility and discount rate. Underlying forecast mathematics were based on Geometric Brownian Motion in a risk-neutral framework and discounted back to the applicable period in which the accumulative thresholds were achieved at discount rates commensurate with the risk and expected payout term of the contingent consideration. (3) Represents the pre-combination stock compensation expense for replacement options issued to NimbeLink employees.
Summary of Assets Acquired and Liabilities Assumed at Fair Value	The following is an allocation of purchase price as of the closing date based upon an estimate of the fair value of the assets acquired and liabilities assumed by the Company in the acquisition (in thousands): Cash $ 1,806 Accounts receivable 1,127 Inventory 1,671 Prepaids and other current assets 141 Property and equipment 151 Right of use assets 402 Other assets 194 Identified intangible assets 14,065 Accounts payable ( 654 ) Accrued compensation ( 139 ) Accrued expenses and other current liabilities ( 432 ) Short-term lease liabilities ( 78 ) Long-term lease liabilities ( 324 ) Deferred tax liabilities ( 2,330 ) Identifiable net assets acquired 15,600 Goodwill 7,145 Total purchase price $ 22,745
Summary of identifiable intangible assets and related expected lives for finite-lived intangible assets	The following is a summary of identifiable intangible assets acquired and the related expected lives for the finite-lived intangible asse ts (in thousands): Category Estimated Fair value Finite-lived intangible assets Market-related intangibles 5 $ 1,700 Customer relationships 5 8,950 Developed technology 12 2,600 Covenants to non-compete 2 115 Indefinite-lived intangible assets In-process research and development N/A 700 Total identifiable intangible assets acquired $ 14,065

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents by Significant Investment Category	The following tables show the Company’s cash and cash equivalents by significant investment category (in thousands): June 30, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Estimated fair value Cash and cash equivalents Cash $ 3,277 $ — $ — $ 3,277 $ 3,277 Level 1: Money market funds 6,171 — — $ 6,171 $ 6,171 Total $ 9,448 $ — $ — $ 9,448 $ 9,448 December 31, 2021 Amortized Gross Unrealized Gains Gross Unrealized Losses Estimated fair value Cash and cash equivalents Cash $ 3,702 $ — $ 3,702 $ 3,702 Level 1: Money market funds 10,809 — — 10,809 10,809 Total $ 14,511 $ — $ — $ 14,511 $ 14,511

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories are comprised of the following (in thousands): June 30, 2022 December 31, 2021 Raw materials $ 6,031 $ 7,908 Finished goods 2,590 1,041 Total Inventory $ 8,621 $ 8,949

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consist of the follo wing (in thousands): June 30, 2022 December 31, 2021 Computers and software $ 637 $ 657 Furniture, fixtures, and equipment 410 398 Manufacturing and testing equipment 4,815 4,700 Construction in process 440 40 Leasehold improvements 979 932 Property and equipment, gross 7,281 6,727 Less accumulated depreciation ( 4,330 ) ( 4,029 ) Property and equipment, net $ 2,951 $ 2,698

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Acquired Intangible Assets	The following is a summary of the Company’s acquired intangible as sets (dollars in thousands): June 30, 2022 Weighted average amortization period (in years) Gross Accumulated Net Market related intangibles 5 $ 1,820 $ 625 $ 1,195 Customer relationships 7 13,780 5,584 8,196 Developed technologies 11 4,380 1,085 3,295 Covenants to non-compete 2 115 85 30 Total intangible assets, net $ 20,095 $ 7,379 $ 12,716 December 31, 2021 Weighted average amortization period (in years) Gross Accumulated Net carrying amount Market related intangibles 5 $ 1,820 $ 454 $ 1,366 Customer relationships 7 13,780 4,447 9,333 Developed technologies 11 4,380 908 3,472 Covenants to non-compete 2 115 57 58 Total intangible assets, net $ 20,095 $ 5,866 $ 14,229
Schedule of Estimated Annual Amortization of Intangible Assets	Estimated annual amortization of intangible assets for the next five years and thereafter is shown in the foll owing table (in thousands): Estimated future amortization 2022 (remaining six months) $ 1,513 2023 $ 2,969 2024 $ 2,968 2025 $ 2,958 2026 $ 557 Thereafter $ 1,751 Total $ 12,716

Accrued Liabilities and Other (

Accrued Liabilities and Other (Tables)	6 Months Ended
	Jun. 30, 2022
Accrued Liabilities and Other Liabilities [Abstract]
Summary of Accrued Liabilities and Other	Accrued liabilities and other is comprised of the follo wing (in thousands): June 30, 2022 December 31, 2021 Advanced payments from contract manufacturers $ 1,559 $ 682 Accrued expenses 718 1,277 VAT payable 339 339 Accrued income taxes 203 258 Contract liabilities 165 79 Other current liabilities 1,500 198 Accrued liabilities and other $ 4,484 $ 2,833

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Future Minimum Lease Payments Under Operating Leases	The table below presents aggregate future minimum payments due under leases, reconciled to lease liabilities included in the consolidated balance sheet as of June 30, 2022 (in thousands): Estimated future lease obligation 2022 (remaining six months) $ 474 2023 913 2024 877 2025 687 Total minimum payments 2,951 Less imputed interest ( 178 ) Less unrealized translation gain 1 Total lease liabilities 2,774 Less short-term lease liabilities ( 837 ) Long-term lease liability $ 1,937

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Class of Stock Disclosures [Abstract]
Schedule of Common Stock Reserved for Future Issuance	The following table presents common stock reserved for future issuance (1) (in thousands): June 30, 2022 December 31, 2021 Stock options issued and outstanding 2,059 2,000 Stock awards issued and outstanding 505 — Authorized for grants under the 2016 Equity Incentive Plan (2) 451 332 Authorized for grants under the Inducement Plan (3) 44 81 Authorized for grants under the 2016 Employee Stock Purchase Plan (4) 395 326 3,454 2,739 (1) The table above excludes 541,000 treasury stock shares as of June 30, 2022 and December 31, 2021. (2) On January 1, 2022 , the number of authorized shares in the 2016 Plan increased by 404,000 shares pursuant to the evergreen provisions of the 2016 Plan. (3) On February 5, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan; 69,000 shares were is sued under the Inducement Plan during the six months ended June 30, 2022 . (4) On January 1, 2022, the number of authorized shares in the 2016 Employee Stock Purchase Plan increased by 100,000 sh ares pursuant to the evergreen provisions of the 2016 Employee Stock Purchase Plan.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule Of Stock Based Compensation Expenses	Stock-based compensation is recorded in the consolidated statements of operations as fol lows (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Cost of goods sold $ 22 $ 1 $ 26 $ 2 Research and development 278 176 554 380 Sales and marketing 296 213 583 428 General and administrative 618 618 1,292 1,126 Total stock-based compensation expense $ 1,214 $ 1,008 $ 2,455 $ 1,936
Summary of Outstanding Stock Option Activity	The following table summarizes the outstanding stock option activity during the period indi cated (shares in thousands): Weighted average Number of Exercise Remaining contractual term (in years) Balance at December 31, 2021 2,000 $ 12.79 7.3 Granted 308 9.24 Exercised ( 8 ) 2.33 Expired/Forfeited ( 241 ) 13.47 Balance at June 30, 2022 2,059 12.22 7.0 Vested and exercisable at June 30, 2022 1,288 11.12 6.0 Vested and expected to vest at June 30, 2022 2,059 12.22 7.0
Summary of Outstanding Restricted Stock Unit Activity	The following table summarizes the Company's restricted stock unit activity during the period indi cated (shares in thousands): Restricted Weighted average grant date fair value Balance at December 31, 2021 333 $ 17.55 Grants 145 $ 9.02 Vested and released ( 78 ) $ 17.90 Forfeited ( 69 ) $ 15.54 Balance at June 30, 2022 331 $ 14.13
Schedule of performance stock unit	The following table summarizes the Company's performance stock unit (PSU) activity during the period indi cated (shares in thousands): Performance Weighted average grant date fair value Balance at December 31, 2021 — $ — Grants 174 $ 2.20 Vested and released — $ — Forfeited — $ — Balance at June 30, 2022 174 $ —

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
Schedule of Concentration of Sales and Accounts Receivable	The following represents customers that accounted for 10 % or more of total revenue: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Customer A 28 % 11 % 28 % 13 % Customer B 22 % 24 % 19 % 25 % Customer C 14 % 4 % 15 % 3 % Customer D 14 % 21 % 14 % 18 % The following represents customers that accounted for 10 % or more of total trade accounts receivable: June 30, 2022 December 31, 2021 Customer A 39 % 29 % Customer B 14 % 2 % Customer C 13 % 3 % Customer D 11 % 11 %
Summary Of Property and Equipment By Geographical Region	The Company’s property and equipment, net by geographic region, are as follows (in thousands): June 30, 2022 December 31, 2021 North America $ 2,601 $ 2,288 Asia Pacific (APAC) 170 217 Europe, Middle East and Africa (EMEA) 180 193 Property and equipment, net $ 2,951 $ 2,698

Disaggregated Revenue (Tables)

Disaggregated Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Disaggregated Revenue	Disaggregated revenue are as fo llows (in thousands): Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 By Sales Channel: Distributors and resellers $ 11,415 $ 11,050 $ 21,566 $ 23,024 OEM/ODM/Contract manufacturer 3,159 2,204 6,654 5,127 Other 4,712 4,043 8,588 6,523 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 By Market Group: Consumer $ 5,981 $ 8,905 $ 12,043 $ 19,201 Enterprise 9,120 6,152 17,749 10,534 Automotive 4,185 2,240 7,016 4,939 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 By Geography: China (including Hong Kong and Taiwan) $ 6,268 $ 9,100 $ 12,727 $ 19,009 North America 12,424 7,576 22,903 14,233 Rest of the world 594 621 1,178 1,432 Total sales $ 19,286 $ 17,297 $ 36,808 $ 34,674 Revenue generated from the United States was $ 12.4 million and $ 7.4 million for the three months ended June 30, 2022 and 2021, respectively, and $ 22.7 million and $ 13.8 million for the six months ended June 30, 2022 and 2021 , respectively.

Description of Business and B_3

Description of Business and Basis of Presentation - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	1

Significant Accounting Policies

Significant Accounting Policies - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Days	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Significant Accounting Policies [Line Items]
Restricted cash	$ 175,000		$ 175,000		$ 175,000
Restricted cash -short term	40,000		40,000
Restricted cash -long term	135,000		135,000
Allowance for doubtful trade accounts receivable	0		0		0
Shipping and other transportation costs	156,000	$ 35,000	300,000	$ 100,000
Provision for excess and obsolete inventories	107,000		107,000		47,000
Reserve For Pricing Credits And Rights Of Return	44,000		44,000		109,000
Contract asset	0		0		0
Contract liability	200,000		200,000		100,000
Warranty Reserves [Member]
Significant Accounting Policies [Line Items]
Estimated warranty costs	$ 141,000		$ 141,000		$ 58,000
Minimum [Member]
Significant Accounting Policies [Line Items]
Revenue Recognition Payment Terms | Days			30
Maximum [Member]
Significant Accounting Policies [Line Items]
Revenue Recognition Payment Terms | Days			90

Net Loss Per Share - Summary of

Net Loss Per Share - Summary of Computation of Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ (1,619)	$ (2,609)	$ (4,140)	$ (2,372)
Basic weighted average common shares outstanding	10,219	10,026	10,188	9,948
Plus dilutive effect of potential common shares	0	0	0	0
Diluted weighted average common shares outstanding	10,219	10,026	10,188	9,948
Basic	$ (0.16)	$ (0.26)	$ (0.41)	$ (0.24)
Diluted	$ (0.16)	$ (0.26)	$ (0.41)	$ (0.24)

Net Loss Per Share - Summary _2

Net Loss Per Share - Summary of Potentially Dilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the calculation of diluted net loss per share	2,122	1,311	2,032	1,345
Stock Options, Restricted Stock and Performance Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the calculation of diluted net loss per share	2,122	1,307	2,032	1,318
Warrants outstanding
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the calculation of diluted net loss per share	0	4	0	25
Employee Stock Purchase Plan Shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the calculation of diluted net loss per share	0	0	0	2

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($)	Jan. 07, 2021	Jun. 30, 2022	Apr. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Deferred Payment			$ 600,000
Goodwill		$ 10,845,000		$ 10,845,000
Business Combination, Contingent Consideration payment			$ 8,000,000
NimbeLink
Business Acquisition [Line Items]
Cash purchase price prior to customary adjustments	$ 15,000,000
Other Customary Adjustments	1,000,000
Deferred payments	700,000
Purchase price allocation, inventory step-up	400,000
Goodwill	$ 7,145,000
Business Combination, Contingent Consideration payment				$ 8,000,000
IPR&D projects estimated life	12 years
NimbeLink | Maximum
Business Acquisition [Line Items]
Business combination, consideration transferred, contingent considerations	$ 8,000,000

Business Combinations - Summary

Business Combinations - Summary of Fair Value of Purchase Consideration (Details) - NimbeLink $ in Thousands	Jan. 07, 2021 USD ($)
Business Acquisition [Line Items]
Cash	$ 15,991
Deferred payments	728
Contingent consideration	5,986	[1]
Replacement options	40	[2]
Total purchase consideration	$ 22,745
[1] The fair value of contingent consideration is based on applying the Monte Carlo simulation method to forecast achievement under various contingent consideration events which may result in up to $ 8 million in payments subject to the acquired business’s satisfying certain revenue targets in 2021. Key inputs in the valuation include forecasted revenue, revenue volatility and discount rate. Underlying forecast mathematics were based on Geometric Brownian Motion in a risk-neutral framework and discounted back to the applicable period in which the accumulative thresholds were achieved at discount rates commensurate with the risk and expected payout term of the contingent consideration. Represents the pre-combination stock compensation expense for replacement options issued to NimbeLink employees.

Business Combination - Summary

Business Combination - Summary of Fair Value of Purchase Consideration (Parenthetical) (Details) - NimbeLink $ in Thousands	Jan. 07, 2021 USD ($)
Business Acquisition [Line Items]
Deferred payments	$ 728
Contingent consideration	5,986	[1]
Maximum
Business Acquisition [Line Items]
Contingent consideration	$ 8,000
[1] The fair value of contingent consideration is based on applying the Monte Carlo simulation method to forecast achievement under various contingent consideration events which may result in up to $ 8 million in payments subject to the acquired business’s satisfying certain revenue targets in 2021. Key inputs in the valuation include forecasted revenue, revenue volatility and discount rate. Underlying forecast mathematics were based on Geometric Brownian Motion in a risk-neutral framework and discounted back to the applicable period in which the accumulative thresholds were achieved at discount rates commensurate with the risk and expected payout term of the contingent consideration.

Business Combinations - Summa_2

Business Combinations - Summary of Assets Acquired and Liabilities Assumed at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jan. 07, 2021
Business Acquisition [Line Items]
Goodwill	$ 10,845	$ 10,845
NimbeLink [Member]
Business Acquisition [Line Items]
Cash			$ 1,806
Accounts receivable			1,127
Inventory			1,671
Prepaid and other current assets			141
Property and equipment			151
Right of use assets			402
Other assets			194
Identified intangible assets			14,065
Accounts payable			(654)
Accrued compensation			(139)
Accrued expenses and other current liabilities			(432)
Short-term lease liabilities			(78)
Long-term lease liabilities			(324)
Deferred tax liabilities			(2,330)
Identifiable net assets acquired			15,600
Goodwill			7,145
Total purchase price			$ 22,745

Business Combinations - Summa_3

Business Combinations - Summary of Identifiable Intangible Assets and Related Expected Lives for Finite-lived Intangible Assets (Details) $ in Thousands	Jan. 07, 2021 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, fair value	$ 14,065
Market related intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Estimated life in years	5 years
Finite-lived intangible assets, fair value	$ 1,700
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Estimated life in years	5 years
Finite-lived intangible assets, fair value	$ 8,950
Developed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Estimated life in years	12 years
Finite-lived intangible assets, fair value	$ 2,600
Covenants to non-compete
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Estimated life in years	2 years
Finite-lived intangible assets, fair value	$ 115
In-process research and development
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, fair value	$ 700

Cash and Cash Equivalents - Sch

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents by Significant Investment Category (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash And Cash Equivalents And Short Term Investments [Line Items]
Cash	$ 3,277	$ 3,702
Cash and cash equivalents and Short term investments, Amortized cost	9,448	14,511
Cash equivalents	9,448	14,511
Cash equivalents	9,448	14,511
Money Market Funds | Level 1
Cash And Cash Equivalents And Short Term Investments [Line Items]
Cash equivalents	6,171	10,809
Cash equivalents	6,171	10,809
Cash equivalents	$ 6,171	$ 10,809

Inventory- Schedule of Inventor

Inventory- Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Raw materials	$ 6,031	$ 7,908
Finished good	2,590	1,041
Total Inventory	$ 8,621	$ 8,949

Inventory (Additional Informati

Inventory (Additional Information) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Raw Materials [Member]
Public Utilities, Inventory [Line Items]
Inventories on consignment	$ 5.5	$ 3.8
Finished Goods [Member]
Public Utilities, Inventory [Line Items]
Inventories on consignment	$ 1.2	$ 0.4

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property Plant And Equipment [Line Items]
Depreciation expense	$ 200	$ 100	$ 337	$ 258
Other Property and Equipment | Minimum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful life			3 years
Other Property and Equipment | Maximum
Property Plant And Equipment [Line Items]
Property and equipment, estimated useful life			15 years

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 7,281	$ 6,727
Less accumulated depreciation	(4,330)	(4,029)
Property and equipment, net	2,951	2,698
Computers and Software
Property Plant And Equipment [Line Items]
Property and equipment, gross	637	657
Furniture, Fixtures, and Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	410	398
Manufacturing and Testing Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	4,815	4,700
Construction in Process
Property Plant And Equipment [Line Items]
Property and equipment, gross	440	40
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 979	$ 932

Intangible Assets - Summary of

Intangible Assets - Summary of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Acquired Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 20,095	$ 20,095
Accumulated amortization	7,379	5,866
Total	$ 12,716	$ 14,229
Market related intangibles
Acquired Finite Lived Intangible Assets [Line Items]
Weighted average amortization period (in years)	5 years	5 years
Gross carrying amount	$ 1,820	$ 1,820
Accumulated amortization	625	454
Total	$ 1,195	$ 1,366
Customer relationships
Acquired Finite Lived Intangible Assets [Line Items]
Weighted average amortization period (in years)	7 years	7 years
Gross carrying amount	$ 13,780	$ 13,780
Accumulated amortization	5,584	4,447
Total	$ 8,196	$ 9,333
Developed technologies
Acquired Finite Lived Intangible Assets [Line Items]
Weighted average amortization period (in years)	11 years	11 years
Gross carrying amount	$ 4,380	$ 4,380
Accumulated amortization	1,085	908
Total	$ 3,295	$ 3,472
Covenants to non-compete
Acquired Finite Lived Intangible Assets [Line Items]
Weighted average amortization period (in years)	2 years	2 years
Gross carrying amount	$ 115	$ 115
Accumulated amortization	85	57
Total	$ 30	$ 58

Intangible Assets - Schedule of

Intangible Assets - Schedule of Estimated Annual Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2022 (remaining six months)	$ 1,513
2023	2,969
2024	2,968
2025	2,958
2026	557
Thereafter	1,751
Total	$ 12,716	$ 14,229

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization	$ 800	$ 800	$ 1,513	$ 1,483

Accrued Liabilities and Other -

Accrued Liabilities and Other - Summary of Accrued Liabilities and Other (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities and Other Liabilities [Abstract]
Advanced payments from contract manufacturer	$ 1,559	$ 682
Accrued expenses	718	1,277
VAT payable	339	339
Accrued income taxes	203	258
Contract liabilities	165	79
Other current liabilities	1,500	198
Accrued liabilities and other	$ 4,484	$ 2,833

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Jan. 01, 2021
Leased right-of-use assets	$ 2,540		$ 2,540		$ 2,777
Operating lease liability	$ 2,774		$ 2,774
Lessee operating lease description			The practical expedients allowed the Company to not reassess (i) whether expired or existing contracts contained leases, (ii) lease classification for expired or existing leases and (iii) previously capitalized initial direct costs.
Operating lease option to extend			5 years
Operating lease weighted average discount rate percent	3.80%		3.80%		3.60%
Operating lease weighted average remaining lease term	3 years 2 months 12 days		3 years 2 months 12 days		3 years 8 months 12 days
Right-of-use asset obtained in exchange for operating lease liability			$ 254	$ 0
Operating lease cost	$ 200	$ 300	$ 500	$ 700
Short-term leases expense	$ 42,000	$ 46,000
Short-term lessee operating lease term of contract			12 months or less
Maximum [Member]
Operating lease term of contract	7 years		7 years
Minimum [Member]
Operating lease term of contract	2 years		2 years
Office Warehouse And Test House Member
Lease Expiration Date			Dec. 31, 2025
ASC 842 [Member]
Leased right-of-use assets						$ 3,200
Operating lease liability						$ 3,500

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments on Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
2022 (remaining six months)	$ 474
2023	913
2024	877
2025	687
Total minimum payments	2,951
Less imputed interest	(178)
Less unrealized translation gain	1
Total lease liabilities	2,774
Less short-term lease liabilities	(837)	$ (841)
Long-term lease liability	$ 1,937	$ 2,221

Notes Payable and Line of Cre_2

Notes Payable and Line of Credit - Additional Information (Details) - USD ($) $ in Thousands			1 Months Ended
	Jan. 07, 2021	Jan. 07, 2021	Feb. 18, 2022	Jun. 30, 2022
Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit			$ 4,000	$ 0
Line of credit, Percentage of maximum advances of aggregate face amount of certain eligible receivables			80%
Line of credit facility interest rate description			The line of credit bears an interest rate of WSJ prime (currently 3.5%) plus 1.75% and matures in February 2023.
Line of Credit Facility, Commitment Fee Amount			$ 15,000
Choice Financial Group (Choice) | NimbeLink | Revolving Credit Facility
Line Of Credit Facility [Line Items]
Line of credit facility allowable amount	$ 1,500	$ 1,500
Line of credit Percentage of maximum advances of aggregate face amount of certain eligible receivables		80%
Line of credit facility, percentage of net allowance		10%
Line of credit facility, percentage of raw materials and finished goods		25%
Line of credit facility, percentage of reserve for excess and obsolete inventory		10%
Choice Financial Group (Choice) | Prime Rate | Line of Credit
Line Of Credit Facility [Line Items]
Basis spread on variable interest rate	1%
Line of credit facility frequency of payments	monthly
Line of credit facility interest rate description	prime rate plus 1%, payable monthly

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Details) $ in Millions	Sep. 30, 2019 USD ($)
Common Stock | Share Repurchase Program September 9, 2019 | Maximum
Equity Class Of Treasury Stock [Line Items]
Stock approved for repurchase, value	$ 7

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	(2.00%)	48.60%
U.S. federal statutory tax rate	21%	21%
Net deferred tax assets			$ 9.5

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - shares		Jun. 30, 2022	Dec. 31, 2021	Feb. 28, 2021
Class Of Stock [Line Items]
Common stock, reserved for future issuance		3,454,000	2,739,000
2021 Inducement Plan
Class Of Stock [Line Items]
Shares available for grant				300,000
Common stock, reserved for future issuance	[1]	44,000	81,000
2016 Equity Incentive Plan
Class Of Stock [Line Items]
Common stock, reserved for future issuance	[2]	451,000	332,000
2016 Equity Incentive Plan | NimbeLink
Class Of Stock [Line Items]
Common stock, reserved for future issuance		22,871
[1] On February 5, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan; 69,000 shares were is sued under the Inducement Plan during the six months ended June 30, 2022 . On January 1, 2022 , the number of authorized shares in the 2016 Plan increased by 404,000 shares pursuant to the evergreen provisions of the 2016 Plan.

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Common Stock Reserved for Future Issuance (Details) - shares shares in Thousands		Jun. 30, 2022	Dec. 31, 2021
Class Of Stock [Line Items]
Common stock, reserved for future issuance		3,454	2,739
Stock awards issued and outstanding [Member]
Class Of Stock [Line Items]
Common stock, reserved for future issuance		505	0
Stock options issued and outstanding [Member]
Class Of Stock [Line Items]
Common stock, reserved for future issuance		2,059	2,000
Authorized for Grants under the 2016 Equity Incentive Plan
Class Of Stock [Line Items]
Common stock, reserved for future issuance	[1]	451	332
Authorized for grants under the 2016 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Common stock, reserved for future issuance	[2]	395	326
Authorized for Grants under the Inducement Plan
Class Of Stock [Line Items]
Common stock, reserved for future issuance	[3]	44	81
[1] On January 1, 2022 , the number of authorized shares in the 2016 Plan increased by 404,000 shares pursuant to the evergreen provisions of the 2016 Plan. On January 1, 2022, the number of authorized shares in the 2016 Employee Stock Purchase Plan increased by 100,000 sh ares pursuant to the evergreen provisions of the 2016 Employee Stock Purchase Plan. On February 5, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan; 69,000 shares were is sued under the Inducement Plan during the six months ended June 30, 2022 .

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Common Stock Reserved for Future Issuance (Parenthetical) (Details) - shares			6 Months Ended
	Jan. 01, 2022	Jan. 01, 2021	Jun. 30, 2022	Dec. 31, 2021	Feb. 05, 2021
Class Of Stock [Line Items]
Treasury stock, shares at cost			541,000	541,000
2016 Equity Incentive Plan
Class Of Stock [Line Items]
Number of authorized shares increased		404,000
2016 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Number of authorized shares increased	100,000
2021 Inducement Plan
Class Of Stock [Line Items]
Number of authorized shares					300,000
Number of shares issued			69,000

Stock Based Compensation - Sche

Stock Based Compensation - Schedule Of Stock Based Compensation Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 1,214	$ 1,008	$ 2,455	$ 1,936
Cost of goods sold
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	22	1	26	2
Research and Development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	278	176	554	380
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	296	213	583	428
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 618	$ 618	$ 1,292	$ 1,126

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Outstanding Stock Option Activity (Details) - $ / shares shares in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Number of stock options, Beginning balance	2,000
Number of stock options, Granted	308
Number of stock options, Exercised	(8)
Number of stock options, Expired/Forfeited	(241)
Number of stock options, Ending balance	2,059	2,000
Number of stock options, Vested and exercisable	1,288
Number of stock options, Vested and expected to vest	2,059
Weighted average exercise price, Beginning balance	$ 12.79
Weighted average exercise price, Granted	9.24
Weighted average exercise price, Exercised	2.33
Weighted average exercise price, Expired/Forfeited	13.47
Weighted average exercise price, Ending balance	12.22	$ 12.79
Weighted average exercise price, Vested and exercisable	11.12
Weighted average exercise price, Vested and expected to vest	$ 12.22
Weighted average remaining contractual term (in years)	7 years	7 years 3 months 18 days
Weighted average remaining contractual term (in years), Vested and exercisable	6 years
Weighted average remaining contractual term (in years), Vested and expected to vest	7 years

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant-date fair value of options granted		$ 4.87
Stock options vested and expected to vest aggregate intrinsic value	$ 1	$ 1	$ 2.2
Description of performance stock unit		Service as well as market and performance conditions determine the number of PSUs that the holder will earn from 0% to 150% of the target number of shares. The percentage received is based on the Company common stock price targets over a three-year service period. Additionally, the Company must achieve or exceed 75% of the year to date revenue target measured at the end of the quarter in which the price target is achieved.
Share-based compensation expense -PSU	$ 0.2	$ 0.4
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Offering period of employee stock purchase plan		6 months
Limited percentage of annual contribution	20%	20%
Percentage of discount and fair value of option		15%
Proceeds from stock issued during period		$ 0.2
Number of stock issued during period		31,170
Employee Stock Purchase Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Purchase price percentage of market value of common stock		85%
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost, period for recognition		2 years 6 months
Total unrecognized compensation cost	$ 4.8	$ 4.8
Restricted Stock Unit (RSU)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average remaining contractual term		2 years 10 months 24 days
Total unrecognized compensation cost	3.9	$ 3.9
Performance stock unit (PSU)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average remaining contractual term		1 year 9 months 18 days
Total unrecognized compensation cost	$ 0.3	$ 0.3

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Outstanding Restricted Stock Unit Activity (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Restricted Stock Unit (RSU)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units, Beginning balance | shares	333
Restricted stock units, Grants | shares	145
Restricted stock units, Vested and released | shares	(78)
Restricted stock units, Forfeited | shares	(69)
Restricted stock units, Ending balance | shares	331
Weighted average grant date fair value, Beginning balance | $ / shares	$ 17.55
Weighted average grant date fair value, Grants | $ / shares	9.02
Weighted average grant date fair value, Vested and released | $ / shares	17.90
Weighted average grant date fair value, Forfeited | $ / shares	15.54
Weighted average grant date fair value, Ending balance | $ / shares	$ 14.13
Performance stock unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock units, Beginning balance | shares	0
Restricted stock units, Grants | shares	174
Restricted stock units, Vested and released | shares	0
Restricted stock units, Forfeited | shares	0
Restricted stock units, Ending balance | shares	174
Weighted average grant date fair value, Beginning balance | $ / shares	$ 0
Weighted average grant date fair value, Grants | $ / shares	2.20
Weighted average grant date fair value, Vested and released | $ / shares	0
Weighted average grant date fair value, Forfeited | $ / shares	0
Weighted average grant date fair value, Ending balance | $ / shares	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Commitment And Contingencies [Line Items]
Warranty expense reserve		$ 141,000
Arizona facility shut down
Commitment And Contingencies [Line Items]
Accrued severance costs	$ 24,700	$ 122,624

Concentration of Credit Risk -

Concentration of Credit Risk - Additional Information (Details) - Customer Concentration Risk - Major Customers	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Net Revenue
Concentration Risk [Line Items]
Concentration risk percentage	10%	10%	10%	10%
Trade Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			10%		10%

Concentration of Credit Risk _2

Concentration of Credit Risk - Schedule of Concentration of Sales and Accounts Receivable (Details) - Customer Concentration Risk	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Net Revenue | Customer A
Concentration Risk [Line Items]
Concentration risk percentage	28%	11%	28%	13%
Net Revenue | Customer B
Concentration Risk [Line Items]
Concentration risk percentage	22%	24%	19%	25%
Net Revenue | Customer C
Concentration Risk [Line Items]
Concentration risk percentage	14%	4%	15%	3%
Net Revenue | Customer D
Concentration Risk [Line Items]
Concentration risk percentage	14%	21%	14%	18%
Trade Accounts Receivable | Customer A
Concentration Risk [Line Items]
Concentration risk percentage			39%		29%
Trade Accounts Receivable | Customer B
Concentration Risk [Line Items]
Concentration risk percentage			14%		2%
Trade Accounts Receivable | Customer C
Concentration Risk [Line Items]
Concentration risk percentage			13%		3%
Trade Accounts Receivable | Customer D
Concentration Risk [Line Items]
Concentration risk percentage			11%		11%

Concentration of Credit Risk _3

Concentration of Credit Risk - Schedule of Concentration of Fixed Assets by Geographical Regions (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 2,951	$ 2,698
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	2,601	2,288
Asia Pacific (APAC)
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	170	217
Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net	$ 180	$ 193

Disaggregated Revenue - Summary

Disaggregated Revenue - Summary of Disaggregated Revenue By Sales Channel (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	$ 19,286	$ 17,297	$ 36,808	$ 34,674
Distributors and resellers
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	11,415	11,050	21,566	23,024
OEM/ODM/Contract Manufacturer
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	3,159	2,204	6,654	5,127
Other
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	$ 4,712	$ 4,043	$ 8,588	$ 6,523

Disaggregated Revenue - Summa_2

Disaggregated Revenue - Summary of Disaggregated Revenue By Market Group (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Sales	$ 19,286	$ 17,297	$ 36,808	$ 34,674
Consumer
Disaggregation Of Revenue [Line Items]
Sales	5,981	8,905	12,043	19,201
Enterprise
Disaggregation Of Revenue [Line Items]
Sales	9,120	6,152	17,749	10,534
Automotive
Disaggregation Of Revenue [Line Items]
Sales	$ 4,185	$ 2,240	$ 7,016	$ 4,939

Disaggregated Revenue - Summa_3

Disaggregated Revenue - Summary of Disaggregated Revenue By Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	$ 19,286	$ 17,297	$ 36,808	$ 34,674
China
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	6,268	9,100	12,727	19,009
North America
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	12,424	7,576	22,903	14,233
Rest of the world
Disaggregation Of Revenue [Line Items]
Disaggregated revenues	$ 594	$ 621	$ 1,178	$ 1,432

Disaggregated Revenues - Additi

Disaggregated Revenues - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 19,286	$ 17,297	$ 36,808	$ 34,674
United States
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 12,400	$ 7,400	$ 22,700	$ 13,800