On April 1, 2024, Airship AI Holdings, Inc., also known as Airship AI, filed a Form 8-K with the SEC to report its financial and operational results for the fiscal year ended December 31, 2023. The company, which specializes in AI-driven video, sensor, and data management surveillance solutions, announced a full-year revenue of $12.3 million and a gross profit of $5.8 million. Despite an operating loss of $6.6 million, primarily due to stock-based compensation, Airship AI reported a net income of $16.4 million, largely attributed to a gain from changes in warrant and earnout liabilities. The company's backlog increased to $11.8 million, driven by demand from Fortune 500 customers and U.S. Federal Government and Department of Defense agencies. Airship AI completed a merger and began...Show More

On April 1, 2024, Airship AI Holdings, Inc., also known as Airship AI, filed a Form 8-K with the SEC to report its financial and operational results for the fiscal year ended December 31, 2023. The company, which specializes in AI-driven video, sensor, and data management surveillance solutions, announced a full-year revenue of $12.3 million and a gross profit of $5.8 million. Despite an operating loss of $6.6 million, primarily due to stock-based compensation, Airship AI reported a net income of $16.4 million, largely attributed to a gain from changes in warrant and earnout liabilities. The company's backlog increased to $11.8 million, driven by demand from Fortune 500 customers and U.S. Federal Government and Department of Defense agencies. Airship AI completed a merger and began trading on the Nasdaq under the ticker symbol 'AISP' on December 22, 2023. Looking ahead, the company expects triple-digit revenue growth and positive cash flow in FY 2024, supported by a strong pipeline of $140 million and recent contracts with government agencies. The report also highlighted operational achievements, including the release of new AI models and the transition to a new cloud business management suite.