Summary by Moomoo AI
Airship AI, an AI-driven data management platform, reported a significant turnaround in its financial performance for the quarter ended June 30, 2024. The company posted a net income of $18.46 million, a stark contrast to the net loss of $3.10 million in the same quarter of the previous year. Diluted earnings per share stood at $0.58, up from a loss of $0.14 per share year-on-year. This improvement was primarily driven by a substantial increase in net revenues, which soared by 131.1% to $6.40 million from $2.77 million in the prior year's quarter. The company's gross profit also saw a remarkable rise of 169.3%, reaching $4.51 million. Operating income turned positive at $976,000, recovering from an operating loss of $3.08 million in the previous year. The financial report also...Show More
