Quarterly ResultAug 6, 2026, 09:03 AM
Airship AI Q2 Revenue +92% to $4.12M; Gross Profit +102%
AI Summary
Airship AI Holdings, Inc. reported strong revenue and gross profit growth for the second quarter ended June 30, 2026. Net revenues increased 92% year-over-year to $4.12 million, with gross profit rising 102% to $3.09 million, achieving a 75% gross margin. Despite this growth, the company recorded an operating loss of $1.49 million and a net loss of $2.4 million, primarily due to increased investments and non-cash liabilities. Operational highlights include a $6.9 million backlog and a $206 million validated pipeline, with significant progress in federal contracts.
Key Highlights
- Net revenues for Q2 2026 were $4.12 million, a 92% increase year-over-year.
- Gross profits for Q2 2026 were $3.09 million, a 102% increase year-over-year.
- Gross profit percentage was 75% for the quarter ended June 30, 2026.
- Operating loss was $1.49 million for Q2 2026.
- Net loss for Q2 2026 was $2.4 million, or $0.07 per basic share.
- Cash and cash equivalents stood at $12.37 million as of June 30, 2026.
- Backlog as of August 6, 2026, was $6.9 million.
- Total validated pipeline at quarter-end was approximately $206 million.
Price Impact
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