Revenue miss and swing to net loss likely weigh on AISP/AISPW in the near term, though improved gross margins and positive operating cash flow provide some support. Watch for updates on DHS contract awards tied to OB3 funding, which are key for the 2026 outlook.
Price Chart
Executive Summary
Airship AI reported Q1 2026 revenue of $6.3M, a 15% YoY increase but below the $6.9M consensus estimate. The company posted a net loss of $721K ($0.02/share) vs. prior-year net income of $23.7M (which included large non-cash gains). Operating loss narrowed to $1.58M from $1.71M, and operating cash flow turned positive at $814K. Gross margin improved to 50% from 40.6% a year ago.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $6,353,298, +15% YoY but missed $6.9M consensus
- Net loss of $720,604 ($0.02/share) vs. net income of $23,707,985 in Q1 2025
- Operating loss improved to -$1,581,570 from -$1,714,357
- Gross margin expanded to 50% from 40.6%
- Operating cash flow positive at $814,484
- Backlog $4.6M, pipeline $165.3M as of May 8, 2026
Financial Impact
Revenue miss of ~$547K vs consensus; net loss of $721K
Risk Factors
- Dependence on federal government contracts and OB3 budget timing
- Negative shareholders' equity of $7.2M
- Miss on consensus revenue may pressure the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-004650 |
| Document: airsp_8k.htm | 0001654954-26-004650 |
| Document: 0001654954-26-004650-index-headers.html | 0001654954-26-004650 |
| Document: 0001654954-26-004650-index.html | 0001654954-26-004650 |
| Document: 0001654954-26-004650.txt | 0001654954-26-004650 |
| 8-K Data (Synthetic) | 0001654954-26-004650 |
US Market Status
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