Airship AI Holdings, Inc. (AISP) 10-Year Financial Performance & Capital Metrics

AISP • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

AboutAirship AI Holdings, Inc. provides AI-driven video, sensor, and data management surveillance platform in the United States. The company offers Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost foe high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations. The company was formerly known as Super Simple AI, Inc. and changed its name to Airship AI Holdings, Inc. on March 2023. Airship AI Holdings, Inc. was founded in 2006 and is headquartered in Redmond, Washington.Show more

Revenue $23M +87.4%
EBITDA -$3M +45.6%
Net Income -$57M -451.0%
EPS (Diluted) -1.90 -337.5%
Gross Margin 45.67% -2.3%
EBITDA Margin -14.23% +71.0%
Operating Margin -15.21% +71.8%
Net Margin -249.31% -287.3%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -3.49 +97.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 48.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y20.91%

TTM-45.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-389.31%

EPS CAGR

10Y-

5Y-

3Y-

TTM-77.96%

ROCE

10Y Avg-308.45%

5Y Avg-308.45%

3Y Avg-308.45%

Latest-308.45%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	408.8B	178.96	941.89	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.25B	8.19	201.23	9.05%	-0.28%	-0.13%	4.4%	0.42
ODDOddity Tech Ltd.	1.55B	33.81	20.37	27.2%	14.11%	28.94%	8.36%	0.08
MLGOMicroAlgo Inc.	58.21M	5.32	9.67	-9.22%	11.11%	2.12%	6.99%	0.16
STEMStem, Inc.	158.41M	18.88	-0.18	-68.67%	62.2%	-59.21%
MSAIMultiSensor AI Holdings, Inc.	25.16M	0.31	-0.29	36.32%	-223.26%	-150.02%		0.03
WRDWeRide Inc.	2.86B	8.81	-0.96	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	107.31M	3.14	-1.65	87.4%	-364.1%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.04M	14.55M	12.3M	23.05M
Revenue Growth %	-	0.12%	-0.15%	0.87%
Cost of Goods Sold+	6.05M	6.13M	6.55M	12.52M
COGS % of Revenue	0.46%	0.42%	0.53%	0.54%
Gross Profit+	6.99M	8.42M	5.75M	10.53M
Gross Margin %	0.54%	0.58%	0.47%	0.46%
Gross Profit Growth %	-	0.21%	-0.32%	0.83%
Operating Expenses+	13.11M	11.24M	12.39M	14.03M
OpEx % of Revenue	1.01%	0.77%	1.01%	0.61%
Selling, General & Admin	8.9M	7.63M	9.66M	11.23M
SG&A % of Revenue	0.68%	0.52%	0.79%	0.49%
Research & Development	4.22M	3.62M	2.73M	2.81M
R&D % of Revenue	0.32%	0.25%	0.22%	0.12%
Other Operating Expenses	0	0	0	0
Operating Income+	-6.12M	-2.82M	-6.64M	-3.5M
Operating Margin %	-0.47%	-0.19%	-0.54%	-0.15%
Operating Income Growth %	-	0.54%	-1.35%	0.47%
EBITDA+	-6.07M	-2.29M	-6.03M	-3.28M
EBITDA Margin %	-0.47%	-0.16%	-0.49%	-0.14%
EBITDA Growth %	-	0.62%	-1.63%	0.46%
D&A (Non-Cash Add-back)	53.2K	532.11K	611.43K	224.64K
EBIT	-5.1M	-402K	16.43M	-56.46M
Net Interest Income+	3.6K	-32.69K	-55.69K	-1M
Interest Income	24.79K	42.56K	0	0
Interest Expense	21.19K	75.26K	55.69K	1M
Other Income/Expense	999.43K	2.35M	23.01M	-53.96M
Pretax Income+	-5.12M	-477K	16.37M	-57.47M
Pretax Margin %	-0.39%	-0.03%	1.33%	-2.49%
Income Tax+	0	10K	0	0
Effective Tax Rate %	1%	1.02%	1%	1%
Net Income+	-5.12M	-487K	16.37M	-57.47M
Net Margin %	-0.39%	-0.03%	1.33%	-2.49%
Net Income Growth %	-	0.9%	34.62%	-4.51%
Net Income (Continuing)	-5.12M	-487K	16.37M	-57.47M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	0.12	-0.01	0.80	-1.90
EPS Growth %	-	-1.1%	65%	-3.38%
EPS (Basic)	0.12	-0.01	0.55	-2.34
Diluted Shares Outstanding	41.49M	38.99M	20.39M	30.27M
Basic Shares Outstanding	41.49M	38.99M	29.69M	24.59M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.23M	1.99M	4.8M	12.66M
Cash & Short-Term Investments	1.34M	298.61K	3.12M	11.41M
Cash Only	1.34M	298.61K	3.12M	11.41M
Short-Term Investments	0	0	0	0
Accounts Receivable	859.12K	1.67M	1.66M	1.23M
Days Sales Outstanding	24.05	41.98	49.15	19.43
Inventory	0	0	0	0
Days Inventory Outstanding	-	-	-	-
Other Current Assets	30.1K	16.04K	18.37K	17.88K
Total Non-Current Assets+	1.99M	1.92M	1.29M	1.05M
Property, Plant & Equipment	31.62K	821.08K	1.11M	882.02K
Fixed Asset Turnover	412.38x	17.72x	11.11x	26.13x
Goodwill	0	0	0	0
Intangible Assets	0	0	0	0
Long-Term Investments	323.72M	0	0	0
Other Non-Current Assets	-321.76M	1.1M	182.33K	165.96K
Total Assets+	4.22M	3.91M	6.09M	13.71M
Asset Turnover	3.09x	3.72x	2.02x	1.68x
Asset Growth %	-	-0.07%	0.56%	1.25%
Total Current Liabilities+	5.02M	6.03M	11.87M	5.65M
Accounts Payable	173.69K	216.72K	2.91M	759.48K
Days Payables Outstanding	10.48	12.91	162.08	22.14
Short-Term Debt	0	292.93K	2.83M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K
Other Current Liabilities	0	600K	1.75M	1.3M
Current Ratio	0.45x	0.33x	0.40x	2.24x
Quick Ratio	0.45x	0.33x	0.40x	2.24x
Cash Conversion Cycle	-	-	-	-
Total Non-Current Liabilities+	7.61M	6.24M	11.71M	61.08M
Long-Term Debt	1.14M	131.61K	0	0
Capital Lease Obligations	0	203.77K	943.7K	638.52K
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	1.17M	1.1M	5.8M	57.49M
Total Liabilities	12.63M	12.27M	23.58M	66.73M
Total Debt+	1.14M	1.26M	3.94M	943.7K
Net Debt	-203K	958.07K	819.53K	-10.47M
Debt / Equity	-	-	-	-
Debt / EBITDA	-	-	-	-
Net Debt / EBITDA	-	-	-	-
Interest Coverage	-288.94x	-37.53x	-119.24x	-3.49x
Total Equity+	-8.41M	-8.36M	-17.49M	-53.02M
Equity Growth %	-	0.01%	-1.09%	-2.03%
Book Value per Share	-0.20	-0.21	-0.86	-1.75
Total Shareholders' Equity	-8.41M	-8.36M	-17.49M	-53.02M
Common Stock	44.67K	1.34K	2.28K	3.06K
Retained Earnings	-9.83M	-10.31M	-17.48M	-74.94M
Treasury Stock	0	0	0	0
Accumulated OCI	0	-10.11K	-12.81K	-3.47K
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.13M	-2.9M	-3.29M	-6.5M
Operating CF Margin %	-0.39%	-0.2%	-0.27%	-0.28%
Operating CF Growth %	-	0.43%	-0.13%	-0.98%
Net Income	-5.12M	-487.49K	16.37M	-57.46M
Depreciation & Amortization	53.2K	532.11K	611.43K	224.64K
Stock-Based Compensation	898.88K	546.46K	0	1.36M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	-964.11K	-1.13M	-20.24M	54.18M
Working Capital Changes	3.8K	-2.36M	-35.58K	-4.8M
Change in Receivables	572.43K	-814.25K	17.23K	429.38K
Change in Inventory	0	0	0	0
Change in Payables	98.33K	-98.78K	666.14K	0
Cash from Investing+	0	0	0	0
Capital Expenditures	0	0	0	0
CapEx % of Revenue	-	-	-	-
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	0	0
Cash from Financing+	3.64M	1.87M	6.12M	14.79M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	2.5M	600K	3.96M	7.5M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-5.13M	-2.9M	-3.29M	-6.5M
FCF Margin %	-0.39%	-0.2%	-0.27%	-0.28%
FCF Growth %	-	0.43%	-0.13%	-0.98%
FCF per Share	-0.12	-0.07	-0.16	-0.21
FCF Conversion (FCF/Net Income)	1.00x	5.96x	-0.20x	0.11x
Interest Paid	11.35K	19.95K	0	0
Taxes Paid	54.82K	0	0	2.41K

Key Ratios

Metric	2021	2022	2023	2024
Gross Margin	53.59%	57.88%	46.74%	45.67%
Net Margin	-39.3%	-3.35%	133.1%	-249.31%
Interest Coverage	-288.94x	-37.53x	-119.24x	-3.49x
FCF Conversion	1.00x	5.96x	-0.20x	0.11x
Revenue Growth	-	11.58%	-15.46%	87.4%

Frequently Asked Questions

Growth & Financials

Airship AI Holdings, Inc. (AISP) reported $12.0M in revenue for fiscal year 2024. This represents a 8% decrease from $13.0M in 2021.

Airship AI Holdings, Inc. (AISP) grew revenue by 87.4% over the past year. This is strong growth.

Airship AI Holdings, Inc. (AISP) reported a net loss of $43.8M for fiscal year 2024.

Dividend & Returns

Airship AI Holdings, Inc. (AISP) had negative free cash flow of $1.83B in fiscal year 2024, likely due to heavy capital investments.

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