- Airship AI (AISP, Financial) reports $5.5 million in net revenues for Q1 2025.
- Achieved a net income of $23.7 million, largely driven by non-cash gains.
- Strong pipeline valued at approximately $135 million despite an operational loss.
Airship AI (AISP), a leader in AI-driven surveillance solutions, disclosed its financial results for the first quarter of 2025, registering net revenues of $5.5 million and a gross margin of 40%. The company's net income soared to $23.7 million, which translates to $0.75 per basic share, primarily due to non-cash income of $25.4 million from changes in earnout and warrant liabilities.
Notwithstanding an operating loss of $1.7 million, Airship AI maintains an impressive pipeline of approximately $135 million in opportunities. The company has been actively expanding its reach by increasing its sales force, showcasing itself at trade shows, and organizing events focused on government clients.
In a strategic move to bolster its financial flexibility, Airship AI struck an At the Market Offering Agreement with Roth Capital Partners, which could enable the company to raise up to $25 million through common stock sales. This move aligns with the company's projection of a 30% revenue increase for the year 2025, alongside achieving a positive cash flow supported by new product introductions and expansion into commercial markets.
