Quarterly ResultMay 11, 2026, 09:02 AM
Airship AI Q1 Revenue $6.3M, Gross Profit $3.2M, Gross Margin 50%
AI Summary
Airship AI Holdings, Inc. reported Q1 2026 net revenues of $6.3 million, a 15% increase year-over-year, with gross profit of $3.2 million and a gross margin of 50%, up 42% from the prior year. Despite a net loss of $721,000, the company generated $814,000 in net cash from operating activities. Operational highlights included a $4.6 million backlog and a $165.3 million validated pipeline, alongside significant contract awards and strategic hires aimed at expanding market reach and supporting future growth.
Key Highlights
- Net revenues for Q1 2026 were $6.3 million, a 15% increase year-over-year.
- Gross profit reached $3.2 million with a 50% gross margin, up 42% year-over-year.
- Net loss for Q1 2026 was $721,000, or $0.02 per basic share.
- Net cash provided by operating activities was $814,000 in Q1 2026.
- Backlog as of May 8, 2026, was $4.6 million.
- Total validated pipeline as of May 8, 2026, was approximately $165.3 million.
- Secured $1.9 million and $2.1 million awards from DHS, and $3.0 million from a commercial customer.
- Appointed new Director of Commercial Sales, Director of Federal Business Development, and Advisory Board Member.
- Cash and cash equivalents were $12.6 million as of March 31, 2026.
Price Impact
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