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Airship AI Holdings, Inc. - $AISP STOCK NEWS

Welcome to our dedicated page for Airship AI Holdings news (Ticker: $AISP), a resource for investors and traders seeking the latest updates and insights on Airship AI Holdings stock.

Airship AI Holdings, Inc. (NASDAQ: AISP) is a leading AI-driven data management platform that addresses complex data challenges for large institutions operating in dynamic, mission-critical environments. The company’s solutions are integral for entities handling rapidly growing volumes of data from numerous sources. Headquartered in Redmond, Washington, and founded in 2006, Airship AI offers three primary products: Outpost AI, Acropolis, and Airship Command.

Airship AI’s flagship product, Outpost AI, is an edge IoT appliance that provides efficient edge analytic processing and secure data transmission, designed for rugged operational environments. It leverages advanced deep learning accelerators to analyze data in real-time, extracting actionable intelligence that is then securely transmitted to the back-end platform, Acropolis.

Acropolis is the enterprise management software stack that enables customers to manage their data across the full lifecycle. This platform supports real-time intelligence collection operations and integrates seamlessly with Outpost AI for comprehensive data analysis and distribution.

The company’s third major offering, Airship Command, is a family of visualization tools that provide users with a common operational picture, integrating various data sources into a coherent and actionable format.

One of Airship AI’s recent achievements includes securing a $10.9 million contract with an agency within the Department of Homeland Security (DHS) for advanced integrated surveillance solutions. Additionally, the company's solutions have been deployed by multiple agencies within the Department of Justice (DOJ) and the Department of Homeland Security for public safety and investigative operations, underscoring its growing influence and reliability in governmental sectors.

The company’s financial outlook is robust, marked by a $140 million pipeline and a $11.8 million backlog, positioning it for triple-digit revenue growth and positive EBITDA in 2024. Recent news includes its listing on the Nasdaq, which has provided enhanced financial transparency and expansion opportunities.

Airship AI continues to innovate and expand its product offerings and market reach, with significant investments in research and development, and a focus on enhancing border protection and organized retail crime prevention. The company is also extending its footprint into the commercial and retail sectors, leveraging its AI capabilities to solve complex video and data management challenges.

For more information, visit the Airship AI website and follow Airship AI on LinkedIn.

Rhea-AI Summary

Airship AI (NASDAQ: AISP) has secured a substantial contract from a third agency within the Department of Justice (DOJ) for its Acropolis Enterprise Sensor Management Platform. This six-figure contract includes a base year with four additional option years, enhancing public safety and investigative capabilities. The award leverages work from other DOJ and Department of Homeland Security agencies to transition to a FedRAMP certified cloud environment, ensuring standardized and secure cloud services. Airship AI's Acropolis system, built on the NVIDIA Jetson platform, offers advanced analytics and encryption, indicating the strength and scalability of their solutions.

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Airship AI Holdings (NASDAQ: AISP) announced its participation in the Northland Growth Conference 2024, set for June 25, 2024. The Company will engage in virtual one-on-one meetings, led by President Paul Allen, to discuss its strong Q1 2024 performance which includes net revenues of $10.6 million and a gross profit of $2.6 million. The Company highlights triple-digit revenue growth and positive cash flow objectives for 2024, supported by substantial orders from the DHS and DOJ. Additionally, Airship AI has a robust validated pipeline valued at approximately $120 million. The Company is also set to join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes. Furthermore, Airship AI recently rang the Nasdaq Closing Bell on May 15, 2024.

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Airship AI Holdings (NASDAQ: AISP) will join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes following the 2024 FTSE Russell indexes annual reconstitution, effective after U.S. markets close on June 28, 2024. Membership in these indexes, based on market capitalization rankings, will last for one year, providing inclusion in the appropriate large-cap, small-cap, growth, and value style indexes. The Russell US indexes, managed by FTSE Russell, are widely used as benchmarks by investment managers and institutional investors, with $10.5 trillion in assets benchmarked against them as of December 2023.

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Airship AI (NASDAQ: AISP) reported strong financial results for Q1 2024, with net revenues of $10.6 million, representing 84.5% of its full-year 2023 revenue. Despite a gross profit of $2.6 million and a gross margin of 25%, the company faced operating losses of $1.4 million and an additional loss of $30.6 million from warrant liabilities.

Operational highlights include contracts with the DOJ and DHS worth millions, and a robust $120 million pipeline. Cash usage in operations was $1.7 million, with cash equivalents at $1.7 million. The company aims for triple-digit revenue growth and positive cash flow in 2024. Key events include a major customer event and participation in the Nasdaq closing bell ceremony.

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Airship AI Holdings, a leader in AI-driven surveillance solutions, will ring the Nasdaq closing bell on May 15, 2024, to celebrate recent successes, including a growing backlog of $11.8 million and a pipeline of $140 million. The company aims for triple-digit revenue growth and positive cash flow in fiscal year 2024.

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Airship AI Holdings, Inc. (NASDAQ: AISP) has secured a $2.35 million sole-source contract within the Department of Justice for its Outpost AI Edge Appliances. This contract follows a previous award for the Acropolis Enterprise Video and Data Management Platform. The Outpost AI appliance offers edge-based recording, analytics, encryption, and encoding of video, audio, and metadata for public safety and investigative requirements. The company expects increased pipeline activity and new opportunities following this contract.
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Airship AI Holdings, Inc. (NASDAQ: AISP) reported FY 2023 revenue of $12.3 million, with a backlog of $11.8 million and a pipeline of $140 million driving triple-digit revenue growth and positive cash flow in FY 2024. The company completed a merger, began trading on Nasdaq under 'AISP', and secured contracts with government agencies, including the U.S. Department of Justice and Department of Homeland Security.
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Airship AI Holdings, Inc. (NASDAQ: AISP) secures a significant software and services contract with the Singapore Government for its Acropolis Enterprise Sensor Management platform. The contract aims to enhance public safety and border security through advanced video and data management solutions. The partnership with Silvus Technologies and Miltrade Technologies Pte strengthens Airship AI's position in the Asia-Pacific region, showcasing its commitment to global security challenges.
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Airship AI Holdings, Inc. (NASDAQ: AISP) will attend the 36th Annual ROTH Conference to discuss recent large contracts, awards, backlog, and expansion plans. President Paul Allen will conduct one-on-one meetings to showcase the Company's achievements and growth opportunities.
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Airship AI Holdings, Inc. secures a significant contract with an agency within the Department of Justice for its Acropolis Enterprise Sensor Management platform, positioning the company for further government awards. The deployment of the Acropolis platform in a FedRAMP certified cloud environment marks a milestone for the company, showcasing its ability to meet stringent security and operational requirements. Airship AI's technology enables efficient video and sensor data management from the edge to the cloud, driving digital transformation for government agencies worldwide.
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FAQ

What products does Airship AI Holdings, Inc. offer?

Airship AI offers three primary products: Outpost AI, Acropolis, and Airship Command.

What recent contracts has Airship AI secured?

Airship AI secured a $10.9 million contract with the Department of Homeland Security and multiple contracts with the Department of Justice.

What is Outpost AI?

Outpost AI is an edge IoT appliance that provides efficient edge analytic processing and secure data transmission for rugged operational environments.

What is Acropolis?

Acropolis is an enterprise management software stack that manages data across the full lifecycle, supporting real-time intelligence collection operations.

What is the purpose of Airship Command?

Airship Command offers visualization tools that integrate various data sources into a coherent, actionable format.

Where is Airship AI Holdings, Inc. headquartered?

Airship AI is headquartered in Redmond, Washington.

When was Airship AI founded?

Airship AI was founded in 2006.

What sectors does Airship AI serve?

Airship AI serves public sector and commercial customers, focusing on public safety and operational efficiency.

What are Airship AI's financial goals for 2024?

Airship AI aims for triple-digit revenue growth and positive EBITDA in 2024.

How can I get more information about Airship AI's products and services?

Visit the Airship AI website at https://airship.ai for more information.

Airship AI Holdings, Inc.

Nasdaq:AISP

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87.31M
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61.71%
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3.38%
Software - Infrastructure
Technology
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United States of America
REDMOND