Airship AI Holdings (AISP) AI Stock Analysis

• Market Cap: $105.94M
• Dividend Yield: N/A
• Average Volume (3M): 711.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.26
• Revenue Growth: -62.56%
• EPS Growth: -250.18%
• Country: US
• Employees: 53
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.15
• Shares Outstanding: 34,175,564
• 10 Day Avg. Volume: 962,655
• 30 Day Avg. Volume: 711,215
• PEG Ratio: <0.01
• Price to Book (P/B): -2.90
• Price to Sales (P/S): 6.68
• P/FCF Ratio: -23.66
• Enterprise Value/Market Cap: 2.00
• Enterprise Value/Revenue: 17.63
• Enterprise Value/Gross Profit: 37.82
• Enterprise Value/Ebitda: -3.10
• 1Y Price Target: $8.00
• Price Target Upside: 150.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): $36.00M

• Rating: 43 Neutral
• Price Target: $2.50 ▼(-21.88% Downside)

The score is held down primarily by weak financial performance—large losses, ongoing cash burn, and negative equity—indicating elevated balance-sheet and funding risk. Technicals reinforce the caution with a strong downtrend (below all major moving averages and negative MACD), only partially offset by oversold readings. Valuation is difficult to support using P/E due to losses and there is no dividend yield provided.

Positive Factors

Revenue Growth

Airship AI Holdings is experiencing substantial revenue growth, indicating strong demand for its AI solutions and expanding market presence, which is crucial for long-term business sustainability.

Business Model

A diversified revenue model with SaaS and consulting services provides stable income streams and reduces dependency on any single source, enhancing long-term financial resilience.

Industry Position

Operating in the high-growth AI and machine learning sectors positions Airship AI Holdings to capitalize on increasing demand for advanced analytics and automation solutions, supporting future growth.

Negative Factors

Profitability Issues

Substantial net losses and negative profit margins indicate severe profitability challenges, which could hinder reinvestment in growth and innovation, impacting long-term competitiveness.

Financial Stability

A negative equity position and high leverage suggest financial instability, posing risks to operational continuity and limiting the company's ability to secure favorable financing terms.

Cash Flow Challenges

Ongoing cash flow challenges highlight the company's struggle to generate sufficient cash from operations, potentially affecting its ability to fund growth initiatives and meet financial obligations.

Airship AI Holdings Business Overview & Revenue Model

Company Description

Airship 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.

How the Company Makes Money

Airship AI Holdings makes money through a multifaceted revenue model that includes software licensing fees, subscription-based services, and consulting engagements. Key revenue streams involve charging clients for access to its proprietary AI platforms, which are offered as Software-as-a-Service (SaaS) solutions. Additionally, the company generates income by providing custom AI model development and integration services tailored to the specific needs of enterprises. Strategic partnerships with technology firms and industry leaders further bolster its earnings by expanding market reach and fostering collaborative innovation. Airship AI Holdings may also benefit from long-term contracts with government agencies and large corporations seeking to implement AI-driven solutions for infrastructure and logistics management.

Airship AI Holdings Financial Statement Overview

Summary

Airship AI Holdings is experiencing substantial growth in revenue but struggles with profitability and financial stability. The company faces significant operational and financial challenges, with high leverage and ongoing cash flow issues. The negative equity position and consistent net losses highlight the need for strategic financial restructuring.

Income Statement

The company shows significant revenue growth from 2023 to 2024, but this is overshadowed by substantial net losses, with a net profit margin of -249.31% in 2024. The company's EBIT and EBITDA margins are negative, highlighting ongoing operational challenges. Despite revenue growth, profitability remains a concern.

Balance Sheet

The balance sheet reveals a high level of leverage with a negative stockholders' equity, resulting in an undefined debt-to-equity ratio. This indicates financial instability and potential risk, as liabilities far exceed assets. The company's equity ratio is negative, reflecting serious structural financial issues.

Cash Flow

Operating and free cash flows are consistently negative, demonstrating ongoing cash burn. The free cash flow to net income ratio is not meaningful due to negative figures, and the operating cash flow to net income ratio is negative, indicating cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.03M	23.05M	12.30M	14.55M	13.04M
Gross Profit	5.61M	10.53M	5.75M	8.42M	6.99M
EBITDA	-68.50M	-56.24M	17.04M	129.87K	-5.05M
Net Income	-43.82M	-57.47M	16.37M	-487.00K	-5.12M
Balance Sheet
Total Assets	8.10M	13.71M	6.09M	3.91M	4.22M
Cash, Cash Equivalents and Short-Term Investments	5.76M	11.41M	3.12M	298.61K	1.34M
Total Debt	966.87K	943.70K	3.94M	1.26M	1.14M
Total Liabilities	48.18M	66.73M	23.58M	12.27M	12.63M
Stockholders Equity	-40.08M	-53.02M	-17.49M	-8.36M	-8.41M
Cash Flow
Free Cash Flow	-1.83B	-6.50M	-3.29M	-2.90M	-5.13M
Operating Cash Flow	-1.83B	-6.50M	-3.29M	-2.90M	-5.13M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-678.39M	14.79M	6.12M	1.87M	3.64M

Airship AI Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AISP, the sentiment is Positive. The current price of 3.2 is above the 20-day moving average (MA) of 3.01, below the 50-day MA of 3.43, and below the 200-day MA of 4.52, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 75.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AISP.

Airship AI Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
REKR	54 Neutral	$229.25M	-3.86	-114.65%	―	11.89%	34.27%
KLTR	54 Neutral	$248.57M	-13.24	-86.46%	―	1.88%	53.31%
STEM	51 Neutral	$148.34M	-1.27	―	―	-35.61%	―
ZENA	51 Neutral	$130.18M	-6.44	-100.32%	―	312.20%	―
ARBE	44 Neutral	$143.02M	―	-142.36%	―	-34.35%	20.88%
AISP	43 Neutral	$105.94M	-1.97	―	―	-62.56%	-250.18%

Airship AI Holdings Corporate Events

Airship AI Holdings Re-elects Directors at Annual Meeting

Airship AI Holdings, Inc. held its 2025 Annual Meeting of Stockholders on December 11, 2025, where a quorum was present with approximately 69.4% of shares represented. During the meeting, five directors were re-elected to the Board, BPM, LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and an amendment to the Equity Incentive Plan was approved to increase the number of shares by 2,000,000.

The most recent analyst rating on (AISP) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Airship AI Holdings stock, see the AISP Stock Forecast page.

Airship AI Holdings Reduces Quorum Requirement for Meetings

On December 9, 2025, the Board of Directors of Airship AI Holdings, Inc. approved an amendment to the company’s Bylaws to reduce the quorum requirement for stockholder meetings from a majority to one-third of the shares issued and outstanding. This change, effective immediately, allows the company to conduct business with fewer shareholders present, potentially facilitating smoother decision-making processes. The amendment will be submitted for ratification by stockholders at the next annual meeting, but the Board retains the authority to maintain the amendment regardless of the vote, in accordance with Delaware law.

The most recent analyst rating on (AISP) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Airship AI Holdings stock, see the AISP Stock Forecast page.