Airship AI Holdings, Inc. AISP
Airship AI Holdings, Inc. (the "Company" or "Airship") is a holding company incorporated in Delaware that executes business through its wholly owned subsidiary, Airship AI, Inc. ("Airship AI"). Prior to the formation of Super Simple AI, Inc. in 2022, the Company operated as Airship AI, Inc. (formerly known as JDL Digital Systems, Inc.). JDL Digital Systems, Inc. was incorporated under the laws of the State of Washington on June 30, 2003. Super Simple AI, Inc. was formed in January 2022 through a share exchange with JDL Digital Systems, Inc. On March 7, 2023, Super Simple AI, Inc. changed its name to Airship AI Holdings, Inc.
On December 21, 2023, the Company completed the merger contemplated by the Merger Agreement, dated as of June 27, 2023, as amended (the "Merger Agreement") by and among BYTE Acquisition Corp. ("BYTS"), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of BYTS ("Merger Sub"), and Airship AI.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $15.3M | $23.1M | $12.3M | $14.5M | — |
| Cost of revenue | $7.6M | $12.5M | $6.5M | $6.1M | — |
| Gross profit | $7.7M | $10.5M | $5.8M | $8.4M | — |
| R&D | $3.1M | $2.8M | $2.7M | — | — |
| SG&A | $11.8M | $11.2M | $9.7M | $7.6M | $100.0K |
| Total operating expenses | $14.9M | $14.0M | $12.4M | $11.2M | — |
| Operating income | -$7.2M | -$3.5M | -$6.6M | -$2.8M | -$1.0M |
| Interest expense | $282.8K | $1.0M | — | — | — |
| Pre-tax income | $29.3M | -$57.5M | $16.4M | -$477.5K | — |
| Income tax | $0 | $0 | $0 | $10.0K | — |
| Net income | $29.3M | -$57.5M | $16.4M | -$487.5K | $5.0M |
| EPS, basic | 0.90 | -2.34 | 1.20 | — | — |
| EPS, diluted | 0.76 | -2.34 | 0.80 | — | — |
| Shares, diluted (wtd. avg.) | 38.7M | 24.6M | 20.4M | 13.4M | 8.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $11.8M | $11.4M | $3.1M | $298.6K | $1.3M |
| Receivables | $6.5M | $1.2M | — | — | — |
| Total current assets | $18.5M | $12.7M | $4.8M | $2.0M | $2.2M |
| Property, plant and equipment | — | $0 | $1.9K | $16.7K | — |
| Total assets | $19.5M | $13.7M | $6.1M | $3.9M | $326.1M |
| Accounts payable | $1.1M | $759.5K | $2.9M | $216.7K | $23.4K |
| Total current liabilities | $6.3M | $5.7M | $11.9M | $6.0M | $204.6K |
| Long-term debt | — | — | $0 | $131.6K | — |
| Total liabilities | $26.6M | $66.7M | $23.6M | $12.3M | $20.4M |
| Retained earnings | -$45.6M | -$74.9M | -$17.5M | -$10.3M | -$18.0M |
| Total equity | -$7.1M | -$53.0M | -$17.5M | -$8.4M | -$8.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$8.0M | -$6.5M | -$3.3M | -$2.9M | -$1.6M |
| Depreciation and amortisation | — | — | $14.9K | $14.9K | — |
| Stock-based compensation | $1.6M | $1.4M | $715.7K | $546.5K | — |
| Investing cash flow | — | — | — | — | -$323.7M |
| Financing cash flow | $8.3M | $14.8M | $6.1M | $1.9M | $326.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-001280.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $14.5M | $12.3M | $23.1M | $15.3M |
| Gross profit | — | $8.4M | $5.8M | $10.5M | $7.7M |
| Net income | $5.0M | -$487.5K | $16.4M | -$57.5M | $29.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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