Quarterly ResultMay 11, 2026, 09:07 AM
Airship AI Q1 Revenue $6.3M, Gross Profit $3.2M; Net Loss $0.72M
AI Summary
Airship AI Holdings, Inc. reported its first quarter 2026 financial results, with net revenues increasing 15% year-over-year to $6.3 million and gross profit rising 42% to $3.2 million. Despite an operating loss of $1.58 million and a net loss of $0.72 million, the company generated $0.81 million in net cash from operating activities. Operational highlights include securing significant contracts from DHS agencies and a large commercial customer, alongside strategic hires and product enhancements, with management expressing optimism for the second half of the fiscal year.
Key Highlights
- Net revenues for Q1 2026 were $6.3 million, a 15% increase year-over-year.
- Gross profits reached $3.2 million, up 42% from the prior year, with a 50% gross margin.
- Reported a net loss of $0.72 million, or $0.02 per basic share, for Q1 2026.
- Net cash provided by operating activities was $0.81 million in Q1 2026.
- Backlog as of May 8, 2026, was $4.6 million; total validated pipeline was $165.3 million.
- Secured $1.9 million and $2.1 million awards from DHS agencies for security operations.
- Received $3.0 million in cumulative awards from a large commercial customer.
- Appointed new Director of Commercial Sales, Director of Federal Business Development, and Advisory Board Member.
Price Impact
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