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.
AISP (undefined) provides stakeholders with a centralized resource for tracking all official company announcements and developments. This news hub aggregates press releases, financial disclosures, and operational updates to keep investors and industry observers informed about key initiatives.
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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.
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.
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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