---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006319"
form_type: "8-K"
ticker: "AISP"
cik: "0001842566"
company_name: "Airship AI Holdings, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:32:43.821129+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-006319
- form_type: 8-K
- ticker: AISP
- cik: 0001842566
- company_name: Airship AI Holdings, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842566/000165495424006319/0001654954-24-006319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842566/000165495424006319/airsp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006319
- JSON: https://secwatch.observer/filing/0001654954-24-006319.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006319.txt

## Key facts
- Earnings Releases
  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
  source text: Net revenues for the quarter ended March 31, 2024 were $10.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842566/000165495424006319/0001654954-24-006319-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.