secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001654954-25-005757
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airship AI Q1 revenue $5.5M, net income $23.7M; guides 30% growth
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- Net revenues $5.5M, gross profit $2.2M (40% margin); operating loss $1.7M.
- Net income $23.7M ($0.75 basic share) driven by $25.4M noncash gains on fair value changes.
- Cash $8.8M as of March 31; operating cash flow negative $2.1M in Q1.
- Pipeline ~$135M; backlog $2.0M; FY2025 guidance: 30% revenue growth, cash flow positive.
- Entered ATM equity offering for up to $25M via Roth Capital Partners on April 23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/0001654954-25-005757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-005757

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer