AIRG on Nasdaq

AIRGAIN INC

AIRGAIN INC is a radio and tv broadcasting and communications equipment company.1 It is headquartered in San Diego, California.1

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Last updated Oct 21, 2026.

Overview

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  • TickerAIRG on Nasdaq1
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersSan Diego, California1
  • Business address3611 Valley Centre Drive, Suite 150, San Diego, Ca 921302
  • Filer categoryNon-accelerated filer, Smaller reporting company2

Headquartered in San Diego, California, Airgain, Inc. (NASDAQ: AIRG) is a leading provider of advanced wireless connectivity solutions. We are focused on delivering high-performance, cost-effective, and energy-efficient wireless solutions that enable rapid market deployment. Our mission is to connect the world through integrated, innovative, and optimized wireless solutions. Our diverse product portfolio serves three primary markets: enterprise, automotive, and consumer. While historically recognized for high-performance radio frequency (RF) components, Airgain is increasingly delivering integrated, system-level connectivity solutions that combine hardware, software and cloud management.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

43.5%Gross margin4
-16.4%Operating margin4
-12.4%Net margin4
-14.6%Revenue growth, 20254
-22.7%Return on equity4
-$1.3MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China Including Hong Kong and Taiwan brought in 36% of the revenue AIRGAIN INC broke down this way in fiscal 2025.

  1. China Including Hong Kong and Taiwan$26.9M436%up 20% from 2024
  2. North America$23.9M432%down 33% from 2024
  3. United States$23.9M432%down 33% from 2024
  4. Other Countries$957.0K41%down 59% from 2024
Regions by year
Regions20242025
China Including Hong Kong and Taiwan$22.4M$26.9M
North America$35.9M$23.9M
United States$35.9M$23.9M
Other Countries$2.3M$957.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue56¢$29.2M
  • Research and development18¢$9.5M
  • Other costs25¢$12.9M
  • Income tax0¢$73.0K

Out of $51.8M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$51.8M in 2025−7% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $55.7M$55.7M20192020: $48.5M$48.5M2020−13%2021: $64.3M$64.3M2021+33%2022: $75.9M$75.9M2022+18%2023: $56.0M$56.0M2023−26%2024: $60.6M$60.6M2024+8%2025: $51.8M$51.8M2025−15%
Gross profit567894$22.5M in 2025−11% since 2019
0$10.0M$20.0M$30.0M2019: $25.3M$25.3M20192020: $22.6M$22.6M2020−11%2021: $24.6M$24.6M2021+9%2022: $28.0M$28.0M2022+14%2023: $20.8M$20.8M2023−26%2024: $24.8M$24.8M2024+19%2025: $22.5M$22.5M2025−9%
Operating income567894-$8.5M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2019: $380.0K$380.0K20192020: -$3.2M-$3.2M20202021: -$12.1M-$12.1M2021+281%2022: -$8.6M-$8.6M2022−29%2023: -$12.4M-$12.4M2023+45%2024: -$8.9M-$8.9M2024−28%2025: -$8.5M-$8.5M2025−5%
Net income57894-$6.4M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2019: $926.0K$926.0K20192020: -$3.3M-$3.3M20202021: -$10.1M-$10.1M2021+208%2022: -$8.7M-$8.7M2022−14%2023: -$12.4M-$12.4M2023+44%2024: -$8.7M-$8.7M2024−30%2025: -$6.4M-$6.4M2025−26%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Sales$51.8M$60.6M
Cost of goods sold$29.2M$35.8M
Gross profit$22.5M$24.8M
Research and development$9.5M$11.9M
Sales and marketing$9.3M$9.2M
General and administrative$12.2M$12.7M
Total operating expenses$31.0M$33.7M
Loss from operations-$8.5M-$8.9M
Employee retention credit refund$2.0M$0
Interest income, net$351.0K$115.0K
Other (expense), net-$210.0K-$27.0K
Total other income, net$2.1M$88.0K
Loss before income taxes-$6.4M-$8.8M
Income tax expense (benefit)$73.0K-$152.0K
Net loss-$6.4M-$8.7M
Basic-$0.54-$0.79
Diluted-$0.54-$0.79
Basic11.8M shares11.1M shares
Diluted11.8M shares11.1M shares

Compare AIRGAIN INC with another company

Corporate structure

AIRGAIN INC sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AIRGAIN INC

  • AIRGAIN INC San Diego, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AIRGAIN INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$7.6M4 Dec 31, 2025$7.5M4 Dec 31, 2024+1.6%
Accumulated depreciation$5.9M4 Dec 31, 2025$5.5M4 Dec 31, 2024+7.6%
Property and equipment, net$1.7M4 Dec 31, 2025$2.0M4 Dec 31, 2024−14.9%
Operating-lease assets (leased space)$4.2M4 Dec 31, 2025$3.9M4 Dec 31, 2024+6.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.4M4 Dec 31, 2025$8.5M4 Dec 31, 2024−13.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$10.8M4 Dec 31, 2025$10.8M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$2.8M4 Dec 31, 2025$5.8M4 Dec 31, 2024−51.9%
Finite-lived intangibles, gross$20.9M4 Dec 31, 2025$20.7M4 Dec 31, 2024+1.1%
Accumulated amortization$18.1M4 Dec 31, 2025$14.9M4 Dec 31, 2024+21.7%
Finite-lived intangibles, net$2.8M4 Dec 31, 2025$5.8M4 Dec 31, 2024−51.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.6M4 Dec 31, 2025$4.0M4 Dec 31, 2024−9.4%

Properties, in its own words

Our corporate headquarters occupy approximately 11,200 square feet in San Diego, California, under a lease that expires in September 2031. Our NimbeLink facility, located in Plymouth, Minnesota, occupies 3,800 square feet under a lease that expires in June 2031. We utilize a 5,200 square foot research, development, and test facility in Scottsdale, Arizona, under a lease that expires in October 2029. We utilize a 3,000 square foot warehouse in Scottsdale, Arizona, under a lease that expires in February 2028. For testing services, we lease a 4,100 square foot property in Vero Beach, Florida, and a 3,500 square foot property in Jonestown, Texas.

We lease an office space in four locations outside of the United States including leases in Shenzhen, China; Jiangsu Province, China; Zhubei City, Taiwan; and Cambridge, United Kingdom.

The rest of Item 2

We believe our facilities are suitable and sufficient to meet our current operating needs.

Item 2 of the 10-K filed Feb 26, 2026.3

Leadership

Who has led AIRGAIN INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Timeline

  1. Oct 1, 20268-K Executive or director change34
  2. Aug 5, 20268-K Results of operations35
  3. Jun 11, 20268-K Shareholder vote36
  4. May 6, 20268-K Results of operations37
  5. Apr 21, 20268-K Executive or director change38
  6. Feb 26, 20268-K Results of operations39
  7. Nov 12, 20258-K Results of operations40
  8. Aug 6, 20258-K Results of operations41
  9. Jul 16, 20258-K Executive or director change42
  10. Jun 13, 20258-K Shareholder vote43
  11. May 7, 20258-K Results of operations44
  12. Feb 27, 20258-K Results of operations45
  13. Aug 14, 2019New chief executive Jacob Suen becomes CEO12
  14. May 10, 2018New chief executive James K. Sims becomes CEO13
  15. Aug 11, 2016New chief executive Charles A. Myers becomes CEO14

Calendar

Coming up

  1. Nov 10, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 12, 2025.46

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results35
  2. May 6, 2026Reported quarterly or annual results37
  3. Feb 26, 2026Reported quarterly or annual results39
  4. Nov 12, 2025Reported quarterly or annual results40
  5. Aug 6, 2025Reported quarterly or annual results41
  6. May 7, 2025Reported quarterly or annual results44
  7. Feb 27, 2025Reported quarterly or annual results45
  8. Jan 27, 2025Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

317 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 166 insider forms, 27 large holders, 64 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20263 EDGAR
  3. Oct 1, 20268-K EDGAR
  4. Sep 4, 20264 EDGAR
  5. Sep 3, 2026144 EDGAR
  6. Sep 2, 20264 EDGAR
  7. Aug 6, 2026S-8 EDGAR
  8. Aug 5, 202610-Q EDGAR
  9. Aug 5, 20268-K EDGAR
  10. Aug 4, 20264 EDGAR
  11. Aug 4, 20264 EDGAR
  12. Jul 10, 2026144 EDGAR
  13. Jun 17, 2026144 EDGAR
  14. Jun 16, 2026144 EDGAR
  15. Jun 15, 2026144 EDGAR
  16. Jun 12, 2026144 EDGAR
  17. Jun 11, 20268-K EDGAR
  18. Jun 3, 2026144 EDGAR
  19. Jun 2, 2026144 EDGAR
  20. Jun 2, 20264 EDGAR

The 317 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

71 open-market trades by officers, directors and large owners since October 2021: 20 buys and 51 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026SUEN JACOBPresident and CEOSale1,000$5.20$5.2KForm 4
Sep 1, 2026SIMS JAMES KDirectorBuy8,269$5.11$42.3KForm 4
Aug 31, 2026SIMS JAMES KDirectorBuy6,731$5.31$35.7KForm 4
Jun 1, 2026SUEN JACOBPresident and CEOSale1,000$7.04$7.0KForm 4
May 13, 2026SUEN JACOBPresident and CEOSale4,573$6.51$29.8KForm 4
May 13, 2026Elbaz MichaelChief Financial OfficerSale3,787$6.77$25.6KForm 4
May 12, 2026Elbaz MichaelChief Financial OfficerSale1,487$6.98$10.4KForm 4
May 1, 2026SUEN JACOBPresident and CEOSale1,000$7.03$7.0KForm 4
Apr 17, 2026Sadri AliFormer CTOSale1,000$6.21$6.2KForm 4
Apr 1, 2026SUEN JACOBPresident and CEOSale1,000$5.51$5.5KForm 4
Mar 23, 2026SUEN JACOBPresident and CEOSale1,000$5.00$5.0KForm 4
Mar 23, 2026Sadri AliFormer CTOSale1,000$5.00$5.0KForm 4
Mar 20, 2026Elbaz MichaelChief Financial OfficerSale12,769$4.12$52.6KForm 4
Mar 20, 2026SUEN JACOBPresident and CEOSale37,314$4.12$153.7KForm 4
Mar 20, 2026Sadri AliFormer CTOSale13,638$4.12$56.2KForm 4
Mar 4, 2026Sadri AliFormer CTOSale1,228$4.16$5.1KForm 4
Mar 4, 2026SUEN JACOBPresident and CEOSale3,704$4.16$15.4KForm 4
Feb 17, 2026Sadri AliFormer CTOSale1,000$5.28$5.3KForm 4
Feb 10, 2026SUEN JACOBPresident and CEOSale888$5.07$4.5KForm 4
Feb 10, 2026Sadri AliFormer CTOSale881$5.24$4.6KForm 4

All 71 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jacob SuenPresident and Chief Executive Officer52$450.0K$1.1M60
2025Ali SadriFormer Chief Technology Officer$325.0K$607.1K60
2025Michael Elbaz, ChiefFinancial Officer$315.0K$605.3K60
2024Jacob SuenPresident and Chief Executive Officer52$450.0K$1.3M60
2024Ali SadriFormer Chief Technology Officer$325.0K$759.0K60
2024Michael Elbaz, ChiefFinancial Officer$315.0K$702.0K60

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 48. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ameriprise Financial Inc758,818$4.8M0.0%+50,800
First Eagle Investment Management, LLC688,806$4.3M0.0%+315,903
Blair William & Co/il622,756$3.9M0.0%−22,229
Vanguard Capital Management LLC475,632$3.0M0.0%−4,058
Renaissance Technologies LLC412,036$2.6M0.0%+75,700
Nano Cap New Millennium Growth Fund L P222,500$1.4M1.1%−27,500
BlackRock, Inc.215,085$1.4M0.0%+6,756
Marshall Wace, Llp149,641$942.7K0.0%New
Geode Capital Management, LLC125,797$792.7K0.0%+11,138
Dimensional Fund Advisors LP120,975$762.1K0.0%+30,264
Vanguard Fiduciary Trust Co72,092$454.2K0.0%+7,682
Citadel Advisors LLC70,490$444.1K0.0%New
Whitcomb & Hess, Inc.56,706$357.2K0.1%+15,022
Jane Street Group, LLC44,207$278.5K0.0%New
State Street Corp40,576$255.6K0.0%No change
Farther Finance Advisors, LLC40,000$252.0K0.0%+1,500
Goldman Sachs Group Inc39,704$250.1K0.0%+1,065
LPL Financial LLC38,593$243.1K0.0%+1,000
Northern Trust Corp26,102$164.4K0.0%−29,951
RBF Capital, LLC22,700$143.0K0.0%No change
Perkins Capital Management Inc22,000$138.6K0.1%No change
Occudo Quantitative Strategies LP18,538$116.8K0.0%New
Arrowstreet Capital, Limited Partnership15,087$95.0K0.0%No change
Susquehanna International Group, Llp14,802$93.3K0.0%−21,879
Bank Of Montreal /can/14,350$90.4K0.0%−650

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AIRGAIN INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAIRGAIN INC1
  • CIK0001272842
  • Employer ID (EIN)95-45238823
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3611 Valley Centre Drive, Suite 150, San Diego, CA 921301
  • Phone(760) 579-02001
  • Shares outstanding13,100,234 as of Jul 29, 202611
  • Public float$48.6M as of Jun 30, 20253
  • AuditorGRANT THORNTON LLP, San Diego, California PCAOB ID 248; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceDec 10, 20031
  • Filings601 in all: 4 (267), 8-K (87), 144 (34), 10-Q (31), 4/A (22), SC 13G/A (22), 3 (21), SC 13G (16)1
    All 38 form types

    10-K (10), DEF 14A (10), CORRESP (9), DEFA14A (7), UPLOAD (7), 3/A (6), EFFECT (5), REGDEX (5), S-8 (5), 8-K/A (4), ARS (4), S-3 (3), SCHEDULE 13G/A (3), 424B4 (2), DRS/A (2), DRSLTR (2), S-1 (2), S-1/A (2), S-3/A (2), 424B5 (1), 5 (1), 8-A12B (1), CERTNAS (1), D (1), DEL AM (1), DRS (1), POS EX (1), REGDEX/A (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Oct 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareAIRGNasdaq

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks AIRGAIN INC names in Item 1A of its 10-K filed Feb 26, 2026: 51 risks under these headings, as written.3

  • and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations or financial condition.
  • Risks Related to Our Business and Industry
  • The markets for our wireless systems solutions and components are developing and may not develop as we expect.
  • Our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations or our guidance.
  • If we are unable to manage our growth and expand our operations successfully, our business and operating results will be harmed, and our reputation may be damaged.
  • Our transition to integrated system solutions increases business complexity and execution risk.
  • Our wireless connectivity solutions and components are subject to intense competition, including competition from our suppliers and the customers to whom we sell.
  • New entrants and the introduction of other distribution models in our markets may harm our competitive position.
  • Our future success depends on our ability to develop new products and successfully introduce new and enhanced products and services for the wireless market that meet the needs of our customers.
  • Any delays in our sales cycles could result in customers canceling purchases of our products.
  • We have a history of losses, and we may not be profitable in the future.
  • A limited number of customers and devices represent a significant portion of our sales. If we were to lose any of these customers or devices, our sales could decrease significantly.
The other 40 risks
  • We sell to customers who are price conscious.
  • We rely significantly on channel partners to sell and support our products, and the failure of this channel to be effective could materially reduce our sales.
  • We rely on a limited number of CMs and ODMS to produce and ship our products, and the failure to manage our relationships with these parties successfully could adversely affect our ability to market and sell our products.
  • We may experience delays in obtaining products from manufacturers and may not be a high priority for our manufacturers.
  • Our CMs purchase some components, subassemblies and products from a single or limited number of suppliers. The loss of any of these suppliers may substantially disrupt our ability to obtain orders and fulfill sales as we design in and qualify new components.
  • We are developing a number of our new products and wireless connectivity solutions in partnership with other companies. If any of these companies were to fail to perform, or our partnerships were to be unsuccessful, we may not be able to bring our solutions to market successfully or on a timely basis.
  • Our business may suffer if our strategic alliances are not successful.
  • Emerging satellite-to-device connectivity technologies may reduce demand for certain terrestrial wireless solutions or require significant engineering investment to address hybrid connectivity requirements.
  • Defects in our products or poor design and engineering services could result in lost sales and subject us to substantial liability.
  • The loss of key personnel or an inability to attract, retain and motivate qualified personnel may impair our ability to expand our business.
  • Our inability to raise additional capital on acceptable terms in the future may limit our ability to develop and commercialize new solutions and technologies and expand our operations.
  • If we raise additional capital through credit facilities or debt financing, the terms of any new debt could further restrict our ability to operate our business.
  • We are subject to the risk that third-party consultants will not perform their tasks effectively and that we will be unsuccessful in operating our business as a result.
  • Our acquisitions expose us to risks that could adversely affect our business and adversely affect our operating results, financial condition, and cash flows.
  • Our ability to use our net operating loss carryforwards and other tax attributes may be limited.
  • If we are unable to implement and maintain effective internal control over financial reporting in the future, the accuracy and timeliness of our financial reporting may be adversely affected. In addition, because of our status as a non-accelerated filer, you will not be able to depend on any attestation from our independent registered public accounting firm as to our internal control over financial reporting for the foreseeable future.
  • Compliance with environmental matters and worker health and safety laws could be costly, and noncompliance with these laws could have a material adverse effect on our operating results, expenses and financial condition.
  • Our business and prospects depend on the strength of our market efforts and our brand. Failure to maintain and enhance our brand would harm our ability to maintain and expand our base of customers.
  • Our financial condition and results of operations could be adversely affected by the outbreak of contagious diseases, including pandemics and epidemics.
  • Risks Relating to Intellectual Property
  • If we are unable to protect our intellectual property rights, our competitive position could be harmed, or we could be required to incur significant expenses to enforce our rights.
  • Claims by others that we infringe on their intellectual property rights could harm our business.
  • We are generally obligated to indemnify our channel partners and end-customers for certain expenses and liabilities resulting from intellectual property infringement claims regarding our products, which could force us to incur substantial costs.
  • Risks Related to Data Privacy
  • We use artificial intelligence (AI), machine learning, and automated decision-making technologies (collectively, AI Technologies) throughout our business, provide certain AI-enabled products, and are
  • making significant investments in this area. As with many technological innovations, there are significant risks involved in deploying these technologies and there can be no assurance that the usage of or our investments in such technologies will always enhance our products or services or be beneficial to our business, including our efficiency or profitability.
  • Risks Related to Our International Operations
  • We are subject to risks associated with international geopolitical and military conflicts.
  • Our international sales and operations subject us to additional risks that can adversely affect our operating results and financial condition.
  • We are subject to governmental export and import controls and supply chain-related regulations that could impair our ability to compete in international markets due to licensing requirements, result in the disruption of our supply chains and/or subject us to liability and reputational harm if we are not in compliance with applicable laws.
  • Changes to United States tax, tariff, Department of Defense’s Section 1260H List, and import/export regulations may have a negative effect on global economic conditions, financial markets and our business.
  • New regulations or standards or changes in existing regulations or standards in the United States or internationally related to our products or our end-customer’s products may result in unanticipated costs or liabilities, which could have a material adverse effect on our business, operating results and future sales, and could place additional burdens on the operations of our business.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery laws.
  • Risks Related to Our Common Stock
  • The price of our common stock may be volatile.
  • If securities or industry analysts issue an adverse opinion regarding our stock, our stock price and trading volume could decline.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of us, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • We have never paid cash dividends on our common stock, and we do not anticipate paying cash dividends in the foreseeable future.
  • We are a “smaller reporting company,” and if we take advantage of certain exemptions from disclosure requirements available to smaller reporting companies, this could make our stock less attractive to investors and may make it more difficult to compare our performance with other public companies.
  • We incur significant costs as a result of operating as a public company, and our management is required to devote substantial time to comply with the laws and regulations affecting public companies, particularly after we are no longer a smaller reporting company or a non-accelerated filer.
  • General Risk Factors
  • Litigation or legal proceedings could expose us to significant liabilities and damage our reputation.
  • A failure in our information technology systems could negatively impact our business.
  • Changes in tax law may materially adversely affect our financial condition, results of operations, and cash flows.
  • Our business, operating results and growth rates may be adversely affected by current or future unfavorable economic and market conditions and adverse developments with respect to financial institutions and associated liquidity risk.

Legal proceedings

We are not currently subject to any material legal proceedings. From time to time, we may be involved in legal proceedings or subject to claims incident to the ordinary course of business. Regardless of the outcome, such proceedings or claims can have an adverse impact on us because of defense and settlement costs, diversion of resources, and other factors, and there can be no assurances that favorable outcomes will be obtained.

The opening of Item 3, Legal Proceedings.3

Sources

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