<span item_type="fundamental" item_id="74567fbe695856a7059fcff2ba063734" counter_id="ST/US/AISP" env="prod"></span><span item_type="announcement" item_id="516467714793933441" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 5.503 M, beating the estimate of USD 4.4 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.61, beating the estimate of USD -0.04.</p><p></p><h3>Segment Revenue</h3><ul><li>Net revenues for the first quarter of 2025 were $5.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the quarter was $2.2 million, with a gross margin of 40%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li><li>Operating loss was - $1.7 million, attributed to increased stock-based compensation and investments in sales and marketing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li><li>Net income for the quarter was $23.7 million, primarily due to noncash income of $25.4 million from changes in fair value of liabilities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities was - $2.1 million for the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li><li>Cash and cash equivalents were $8.8 million as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Other income for the quarter was $25.4 million, primarily from gains in fair value changes of earnout and warrant liabilities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Airship AI anticipates 30% revenue growth and positive cash flow for 2025, supported by a strong pipeline of approximately $135 million and improving gross profit margins.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li><li>The company plans to release new Outpost AI product offerings and expand custom AI models, while continuing innovation across its Acropolis software platform.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li><li>Strategic investments will be made in sales and business development through organic cash flow and potential warrant exercises.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1842566/000165495425005757/airsp_ex991.htm"></span></li></ul>

Airship AI | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 5.503 M