secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001654954-24-006319
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424006319/0001654954-24-006319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424006319/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006319

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