One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Airship AI Holdings, Inc.
AISP · NGM · Technology · Software - Infrastructure
Current price
$1.74
52-week range
$1.69 - $4.42
Market cap
$59.75M
Balance sheet
Healthy
-7.19x Concerning
Net cash $11.71M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 18.5% last year.
- Reward Trades at 2.6x P/E vs peer median 4.0x (35.1% cheaper).
- Risk Forward P/E (43.4x) is higher than trailing (2.6x) - earnings are expected to drop.
- Risk Operating margin compressed from -19.4% to -36.1% over 3 years.
What this company does
Airship AI Holdings, Inc.
Airship AI Holdings, Inc. sells smart software that helps businesses and government agencies organize and understand huge amounts of information, especially from video and sensors. Their main income comes from selling these software platforms and services, like setting up custom AI models for clients. This matters because businesses are collecting more data than ever and need help making sense of it to make better decisions.
How the company got here
Airship AI Holdings, Inc. was founded in 2006 and is based in Redmond, Washington. The company has spent nearly two decades developing artificial intelligence (AI)-driven data management and surveillance solutions. It went public in December 2023 through a special purpose acquisition company (SPAC) deal, which combines a private company with a publicly traded shell company to allow it to become publicly traded without a traditional initial public offering (IPO). This move made its stock available on the Nasdaq exchange.
What it actually does
Airship AI provides advanced AI software and hardware designed to help organizations manage and analyze large amounts of data, particularly from video and sensors. Their technology aims to improve public safety and operational efficiency by offering predictive analysis of events before they happen and delivering actionable intelligence to decision-makers. The company's solutions are built to work with existing surveillance infrastructure, meaning customers don't necessarily need to replace their current systems to benefit from Airship AI's capabilities.
Airship AI's Product Suite
Airship AI's core offerings are part of what they call the 'Airship Suite,' which includes several key components. These products work together to collect, process, and analyze data from various sources, enabling real-time insights and decision-making. The company focuses on structuring 'dark' or unstructured data, which is information that traditional tools can't easily process, at the 'edge' – the location where the data is generated. This approach allows for immediate analysis and action without needing to send all data to a central location first.
Acropolis
Acropolis is the enterprise management software at the heart of Airship AI's offerings. It acts as a central hub for managing and analyzing data from a wide range of sensors, including video cameras, audio devices, and other types of equipment. Acropolis is designed to be flexible and can be deployed in various environments, from small businesses to large data centers. The company offers different versions, such as Acropolis Commercial for general businesses and Acropolis Law, which is tailored for government and law enforcement agencies that need to manage sensitive data and complex investigations.
Outpost AI
Outpost AI is a hardware and software solution that performs AI processing directly at the source of data collection, known as the 'edge.' This means that instead of sending raw data to a central server, Outpost AI can analyze information like video feeds or sensor data right where it's captured. This capability is crucial for real-time decision-making, especially in situations where transmitting large amounts of data might be slow, costly, or impossible due to limited bandwidth. It's particularly useful for government and law enforcement clients who need immediate insights from surveillance.
Airship Command
Airship Command is a suite of visualization tools that allows users to interact with their data and devices in a clear and understandable way. It takes the complex information processed by systems like Acropolis and Outpost AI and presents it through user-friendly interfaces. This helps decision-makers quickly grasp the situation, identify patterns, and respond effectively to events. Think of it as the dashboard that makes all the AI-powered analysis easy to see and act upon.
Professional Services
Beyond its core software and hardware products, Airship AI also offers professional services to its clients. These services include custom model training, where they tailor AI models to specific customer needs, and custom integrations to ensure their platforms work seamlessly with existing systems. They also provide workflow enhancement services to optimize how clients use the technology and offer ongoing technical support and software maintenance to ensure everything runs smoothly. These services help customers maximize the value they get from Airship AI's solutions.
What management is betting on now
Airship AI's management is focused on expanding its AI-driven surveillance and data management capabilities, particularly for government and commercial clients. They are investing in refining their edge and cloud-based analytic platforms, including developing new features for their 'Ask Airship' natural language search tool. The company is also looking to grow by integrating its AI with robotic and autonomous systems, aiming to enhance public safety and operational use cases. Management is also prioritizing improving gross margins to achieve cash flow positive operations.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$4.12M
Net income
$-2.41M
Diluted EPS
-0.07
Operating cash flow
$-235.17K
Free cash flow
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Revenue
$6.35M
Net income
$-720.60K
Diluted EPS
-0.02
Operating cash flow
$814.48K
Free cash flow
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Revenue
$6.49M
Net income
$22.96M
Diluted EPS
0.75
Operating cash flow
$-3.50M
Free cash flow
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Revenue
$1.18M
Net income
$6.41M
Diluted EPS
0.15
Operating cash flow
$-583.60K
Free cash flow
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Revenue
$2.15M
Net income
$-23.76M
Diluted EPS
-0.75
Operating cash flow
$-1.82M
Free cash flow
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Revenue
$5.50M
Net income
$23.71M
Diluted EPS
0.61
Operating cash flow
$-2.10M
Free cash flow
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Revenue
$3.21M
Net income
$-50.18M
Diluted EPS
-1.69
Operating cash flow
$-2.11M
Free cash flow
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Revenue
$2.87M
Net income
$6.21M
Diluted EPS
0.17
Operating cash flow
$-251.42K
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $1.74
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $11.7M - more cash than debt. Interest coverage -7.2x.
Net debt
$-11.71M
Interest coverage
-7.19x
Airship AI Holdings, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
AISP
BASELINE
Airship AI Holdings, Inc.
Total debt $650.75K Interest coverage -7.19x This is the baseline the peer rows are being compared against.
Total debt $7.95M Interest coverage -868.72x Neither company has much profit cushion over interest right now.
Total debt $26.55M Interest coverage -11.33x Neither company has much profit cushion over interest right now.
Total debt $74.48M Interest coverage 15.62x This peer still has a real interest-payment cushion, while AISP does not.
Total debt $22.51M Interest coverage -4.60x Neither company has much profit cushion over interest right now.
Total debt $952.64K Interest coverage -22.23x Neither company has much profit cushion over interest right now.
What you should know
The case for and against AISP
2 Rewards
2 Risks
Rewards
-
Revenue grew 18.5% last year.
-
Trades at 2.6x P/E vs peer median 4.0x (35.1% cheaper).
Risks
-
Forward P/E (43.4x) is higher than trailing (2.6x) - earnings are expected to drop.
-
Operating margin compressed from -19.4% to -36.1% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
2.59x
Forward P/E
43.38x
P/B
-6.94x
P/S
3.29x
EV/EBITDA
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PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
56.2%
Operating margin
-36.1%
Net margin
144.6%
ROE
—
ROA
-29.4%
Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
3.18x
Quick ratio
3.02x
Total debt
$650.75K
Total cash
$12.37M
Growth
How the business has been compounding
Revenue TTM
$18.15M
Revenue 5Y CAGR
11.6%
EPS TTM
0.67
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-3.51M
Free CF TTM
$-8.00M
FCF margin
-44.1%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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