Company Overview
Airship AI Holdings, Inc. operates within the technology sector, specifically focusing on software infrastructure, where it provides artificial intelligence-driven data management platforms designed for the United States market. The company's core offerings include Outpost AI, which structures and analyzes data at the source using trained models; Acropolis, an enterprise management software solution; and Airship Command. As of the latest reported data, the company maintains a market capitalization of $72.87M and employs a workforce of 63 individuals to support its operations. With an annual revenue of $15.32M, the firm presents a profile of a mid-sized entity that has achieved significant revenue expansion but operates with a market valuation that reflects high-growth expectations rather than established profitability stability.
Financial Health
The company reported a trailing twelve-month revenue of $15.32M and a net income of $29.32M, while reporting an EBITDA of $-7,213,925. The substantial gap between the positive net income and the negative EBITDA indicates a cost structure where interest expenses or amortization of intangible assets are significant enough to turn operating cash earnings negative despite bottom-line profitability. Free cash flow stands at $-6,217,382, which suggests the company is currently burning cash to fund operations or expansion, limiting immediate financial flexibility for capital returns without external financing. Profitability analysis reveals a gross margin of 50.2%, indicating efficient cost of goods relative to sales, contrasted by an operating margin of -9.4% and a profit margin of 191.4%. The negative operating margin highlights that operational expenses exceed gross profit, yet the profit margin exceeds 100%, a rare occurrence often driven by significant non-operating income or specific accounting adjustments in the calculation. Liquidity and leverage metrics show the company holds $11.75M in cash against total debt of $863,744, resulting in a debt-to-equity ratio of N/A due to equity considerations in the calculation. A current ratio of 2.94 demonstrates strong short-term liquidity, indicating the firm possesses more than twice the current assets needed to cover its current liabilities. Return on assets is recorded at -27.2%, while return on equity is N/A, collectively revealing that the company's asset base is currently generating a loss relative to the capital employed, a situation common in early-stage technology firms reinvesting heavily in infrastructure.
Valuation Assessment
Valuation multiples for Airship AI Holdings, Inc. show a trailing P/E ratio of 2.79 and a forward P/E of 14.13. The significant disparity between these two figures implies that the market expects earnings to improve substantially in the future to justify the higher forward multiple, suggesting a anticipated shift from current profitability metrics to normalized earnings. The price-to-book ratio is listed at -10.19, a negative figure indicating that the market capitalization is less than the book value of shareholders' equity, which often occurs when companies have accumulated substantial losses or intangible assets that depress the book value below the market price. Alternative valuation metrics include a price-to-sales ratio of 4.76 and an EV/EBITDA of -8.59, which suggest the market is pricing the stock based on revenue generation and future growth potential rather than current cash flow generation. Price metrics indicate a 52-week high of $7.20 and a 52-week low of $2.12, providing a trading range that investors must reference when analyzing entry and exit points relative to historical volatility. The beta value is 0.37, which signifies that the stock price is significantly less volatile than the broader market, moving with much lower sensitivity to general market fluctuations.
Growth & Income
Revenue growth for the trailing twelve-month period stands at 102.5% year-over-year, while earnings growth is listed as N/A due to the specific calculation of earnings per share in the current reporting period. The absence of a calculated earnings growth rate relative to the high revenue growth implies that the company is prioritizing top-line expansion over immediate earnings accretion, a common strategy in infrastructure software development. Regarding income distribution, the company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%. This zero payout ratio confirms that the company retains all generated earnings to fund its operations and growth initiatives rather than distributing cash to shareholders. Consequently, the overall growth and income profile is characterized by aggressive revenue expansion and a complete reinvestment of capital into the business model, foregoing shareholder distributions to potentially accelerate long-term market share and technological capability.