secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2026-05-11T13:02:08+00:00
Accession:  0001654954-26-004650
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Airship AI Q1 2026 revenue $6.3M, net loss $721K, gross margin 50%
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- Net revenues $6.3M (+15% YoY); gross profit $3.2M, gross margin 50% (vs 42% YoY).
- Net loss $721K ($0.02/share) includes $861K non-cash gain from warrant liability change & $666K stock-based comp.
- Operating loss $1.58M from higher stock-based comp ($666K) and increased sales & R&D investment.
- Backlog $4.6M; pipeline $165.3M; new awards: $1.9M DHS NSSE, $2.1M DHS border security, $3.0M commercial.
- Added new Directors of Commercial Sales & Federal BD; appointed (Ret) Chief David Aguilar to advisory board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495426004650/0001654954-26-004650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495426004650/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-004650

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