Airship AI Holdings, Inc. (AISPW)
Airship AI Holdings, Inc. provides an artificial intelligence-driven platform for surveillance in the United States, focusing on the management of video, sensor data, and other critical information. Its product portfolio features Airship Acropolis OS, which handles both IP and traditional analog video surveillance; Airship Command, a comprehensive set of visualization tools that allow users to view and analyze data and evidence collected from edge devices; and Airship Outpost, which offers high-definition recording capabilities with user-configurable low-bitrate video stream encoding. The company serves a wide range of clients, including government bodies, public sector entities, law enforcement agencies, military operations, and various commercial enterprises. Established in 2006, the organization operated under the name Super Simple AI, Inc. before officially becoming Airship AI Holdings, Inc. in March 2023. Its corporate headquarters are located in Redmond, Washington.
Sector: Services-Prepackaged Software
Industry: Software - Infrastructure
Airship AI Holdings, Inc.
-6.80%$0.4660
Mkt Cap$16.05M
Float24.54M
O/S34.44M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15.32M
Net Income$29.32M
Total Assets$19.48M
Free Cash Flow-$8M
Debt & Equity
Total Debt$864K
Total Equity-$7.15M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in AISPW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$19.48M
Liabilities$26.62M
Accounts Receivable$6.46M
Accounts Payable$1.15M
Inventory$0
PP&E (Net)$808K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $15.32M | $23.05M | $12.3M | $14.55M | $13.04M |
| YoY Growth | -33.5% | 87.4% | -15.5% | 11.6% | - |
| Cost of Revenue | $7.62M | $12.52M | $6.55M | $6.13M | $6.05M |
| Gross Profit | $7.7M | $10.53M | $5.75M | $8.42M | $6.99M |
| Gross Margin | 50.2% | 45.7% | 46.7% | 57.9% | 53.6% |
| Research and Development | $3.08B | $2.81M | $2.73M | $3.62M | $4.22M |
| Selling, General, and Administrative | $11.84B | $11.23M | $9.66M | $7.63M | $8.9M |
| Other | -$14.9B | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $14.91M | $14.03M | $12.39M | $11.24M | $13.11M |
| Operating Income (EBIT) | -$7.22M | -$3.5M | -$6.64M | -$2.82M | -$6.12M |
| Operating Margin | -47.1% | -15.2% | -54.0% | -19.4% | -47.0% |
| Interest Expense | $0 | $1M | $56K | $75K | $21K |
| Interest Income | $283K | $0 | $0 | $43K | $25K |
| Other Income (Expense) | $36.54M | -$53.96M | $23.01M | $2.35M | $999K |
| Income Before Tax (EBT) | $29.32M | -$57.47M | $16.37M | -$477K | -$5.12M |
| Income Tax Expense | $0 | $0 | $0 | $10K | $0 |
| Net Income | $29.32M | -$57.47M | $16.37M | -$487K | -$5.12M |
| Net Income Margin | 191.4% | -249.3% | 133.1% | -3.3% | -39.3% |
| Supplementary Data | |||||
| EPS | 0.90 | -2.34 | 0.80 | -0.01 | -0.12 |
| Diluted EPS | 0.76 | -1.90 | 0.80 | -0.01 | -0.12 |
| Weighted Average OS | 32.41M | 24.59M | 20.39M | 38.99M | 41.49M |
| EBITDA | $29.7M | -$56.24M | $17.04M | $130K | -$5.05M |
| EBITDA Margin | 193.8% | -244.0% | 138.5% | 0.9% | -38.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $11.75M | $11.41M | $3.12M | $299K | $1.34M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.75M | $11.41M | $3.12M | $299K | $1.34M |
| Accounts Receivable | $6.46M | $1.23M | $1.66M | $1.67M | $859K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $294K | $18K | $18K | $16K | $30K |
| Total Current Assets | $18.51M | $12.66M | $4.8M | $1.99M | $2.23M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $808K | $882K | $1.11M | $821K | $32K |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $323.72M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $161K | $166K | $182K | $1.1M | -$321.76M |
| Total Long-Term Assets | $968K | $1.05M | $1.29M | $1.92M | $1.99M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $19.48M | $13.71M | $6.09M | $3.91M | $4.22M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $1.15M | $759K | $2.91M | $217K | $174K |
| Short-Term Debt | $439K | $0 | $2.83M | $293K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $10K | $0 |
| Current Unearned Revenue | $4.67M | $3.24M | $4.01M | $4.17M | $4.59M |
| Other Current Liabilities | $28K | $1.3M | $1.75M | $600K | $0 |
| Total Current Liabilities | $6.28M | $5.65M | $11.87M | $6.03M | $5.02M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $425K | $0 | $0 | $132K | $1.14M |
| Long-Term Unearned Revenue | $3.97M | $2.95M | $4.96M | $4.81M | $5.29M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $15.95M | $57.49M | $5.8M | $1.1M | $1.17M |
| Total Long-Term Liabilities | $20.34M | $61.08M | $11.71M | $6.24M | $7.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $26.62M | $66.73M | $23.58M | $12.27M | $12.63M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3K | $3K | $2K | $1K | $45K |
| Retained Earnings | -$45.62M | -$74.94M | -$17.48M | -$10.31M | -$9.83M |
| Comprehensive Income & Other | -$11K | -$3K | -$13K | -$10K | $0 |
| Other Stockholders' Equity | $38.47M | $21.92M | -$13K | $1.95M | $1.38M |
| Total Equity | -$7.15M | -$53.02M | -$17.49M | -$8.36M | -$8.41M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $19.48M | $13.71M | $6.09M | $3.91M | $4.22M |
| Supplementary Data | |||||
| Total Debt | $864K | $944K | $3.94M | $1.26M | $1.14M |
| Net Debt | -$10.89M | -$10.47M | $820K | $958K | -$203K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | $29.32M | -$57.46M | $16.37M | -$487K | -$5.12M |
| Depreciation & Amortization | $378K | $225K | $611K | $532K | $53K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.63M | $1.36M | $2.85M | $546K | $899K |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$5.24M | $429K | $17K | -$814K | $572K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $367K | $0 | $666K | -$99K | $98K |
| Other Working Capital | $1.79M | -$5.23M | -$719K | -$1.45M | -$667K |
| Total Working Capital Change | -$3.08M | -$4.8M | -$36K | -$2.36M | $4K |
| Other Non-Cash Items | -$36.25M | $54.18M | -$23.09M | -$1.13M | -$964K |
| Net Cash from Operating | -$8M | -$6.5M | -$3.29M | -$2.9M | -$5.13M |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | - | - | $425K | -$425K | - |
| Common Stock Issuance | $9.65M | $7.29M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.3M | $7.5M | $3.96M | $600K | $2.5M |
| Net Cash from Financing | $8.35M | $14.79M | $6.12M | $1.87M | $3.64M |
| Forex Effect | -$7K | $9K | $0 | -$10K | $0 |
| Net Change in Cash | $335K | $8.29M | $2.83M | -$1.05M | -$1.5M |
| Supplementary Data | |||||
| Operating Cash Flow | -$8M | -$6.5M | -$3.29M | -$2.9M | -$5.13M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$8M | -$6.5M | -$3.29M | -$2.9M | -$5.13M |
| Cash at Beginning | $11.41M | $3.12M | $299K | $1.34M | $2.84M |
| Cash at End | $11.75M | $11.41M | $3.12M | $299K | $1.34M |