Airship AI Q1 revenue $10.6M, 84.5% of FY2023; DOJ contract $2.35M

Airship AI Holdings, Inc.

2025-Q1 EPS reported -$1.40 vs consensus -$0.03 ▼ miss (-5390.2%)

Net revenues $10.6M in Q1 2024, up from $12.5M full-year 2023; represents 84.5% of prior fiscal-year total.
Gross profit $2.6M (25% margin); operating loss $1.4M due to higher insurance, professional fees and marketing.
Non-cash loss of $28.3M from change in warrant/earnout liability; net loss $30.6M; cash $1.7M.
Backlog ~$3.4M; validated pipeline ~$120M; reaffirms triple-digit revenue growth and positive cash flow in FY2024.
Awarded $2.35M DOJ contract for Outpost AI, plus Singapore government contract; ongoing DHS deliveries of $10.9M contract.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Airship AI Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $10.6 million.

Period: the first quarter ended March 31, 2024
Revenue: $10.6 million
Result: reported results

Exact text from the filing

Net revenues for the quarter ended March 31, 2024 were $10.6 million.

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Source: SEC EDGAR

accession 0001654954-24-006319

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