AISP
Airship AI Holdings, Inc.3.0600
+0.1300+4.44%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
104.58MP/E (TTM)
-Basic EPS (TTM)
-1.88Dividend Yield
0%Recent Filings
10-K
FY2025 results
Airship AI Holdings posted FY2025 revenue of $15.3M, down 33.5% y/y from $23.1M, as federal government orders slowed amid Department of Government Efficiency reforms, yet Q4 saw momentum with a $1.9M DHS award for 2026 NSSE events and a $2.8M commercial refresh deal. Gross margins held at 50.2% despite the mix shift, while operating loss widened to $7.2M from $3.5M on higher R&D and SG&A; net income flipped to $29.3M via $36.3M non-cash gains from warrant/earnout liability revaluations. Backlog hit $3.3M with a $173M pipeline eyeing federal dominance in 2026. Warrant exercises added $9.7M cash. Customer concentration persists—four clients drove 87% revenue. Q4 accelerated bookings, but long federal sales cycles risk momentum.
8-K
Q4 revenues double to $6.5M
Airship AI posted Q4 2025 net revenues of $6.5 million, up 102% year-over-year, with gross profit at $3.3 million and 51.2% margin from higher branded hardware sales. Operating loss narrowed to $612,000 amid sales investments, yet non-cash gains drove full-year net income of $29.3 million. Backlog hit $3.3 million; pipeline swelled to $173 million. New DHS awards signal momentum.
8-K
Annual meeting results approved
Airship AI stockholders convened their 2025 Annual Meeting on December 11, with 69.4% quorum. All five director nominees sailed through re-election; BPM, LLP ratification passed overwhelmingly. Equity Incentive Plan expanded by 2,000,000 shares despite 6.6M broker non-votes. Board continuity locked in.
8-K
Quorum drops to one-third
Airship AI Holdings slashed its stockholder meeting quorum from a majority to one-third of voting shares, effective December 9, 2025, via Board-approved Bylaw amendment. This eases convening meetings but awaits stockholder ratification at the next annual meeting. Board can keep it under Delaware law if rejected. Lower hurdle aids governance flow.
8-K
Q3 revenues $1.2M amid headwinds
Airship AI posted Q3 net revenues of $1.2M and gross profit of $0.6M at 51% margin, hit by federal acquisition delays and shutdowns that slowed DHS contracting. Operating loss hit $2.9M from sales investments, yet non-cash gains drove $6.4M net income. Backlog stands at $11M; $166M pipeline awaits pro-border tailwinds. Cash jumped to $5.8M, plus $9.7M post-quarter warrant exercises. Warrants fueled the swing.
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