Airship AI Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
AISP$1.69-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Operations and Comprehensive Loss
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
| Year Ended | Yar Ended | |
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| NET REVENUES: | ||
| Product | $18,716,196 | $7,439,045 |
| Post contract support | 4,334,017 | 4,692,487 |
| Other services | - | 168,052 |
| Revenues | 23,050,213 | 12,299,584 |
| COST OF NET REVENUES: | ||
| Cost of Sales | 10,843,766 | 4,767,159 |
| Post contract support | 1,679,692 | 1,681,267 |
| Other services | - | 86,841 |
| Cost of revenue | 12,523,458 | 6,535,267 |
| GROSS PROFIT | 10,526,755 | 5,764,317 |
| RESEARCH AND DEVELOPMENT EXPENSES | 2,804,894 | 2,729,492 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 11,226,974 | 9,675,190 |
| TOTAL OPERATING EXPENSES | 14,031,868 | 12,404,682 |
| OPERATING LOSS | (3,505,113) | (6,640,365) |
| OTHER (EXPENSE) INCOME: | ||
| (Loss) gain from change in fair value of earnout liability | (18,171,380) | 21,976,349 |
| (Loss) gain from change in fair value of warrant liability | (33,512,633) | 1,341,120 |
| Loss from change in fair value of convertible debt | (141,636) | (240,784) |
| Loss on note conversion | (1,144,676) | - |
| Interest expense, net | (1,003,096) | (55,685) |
| Other income (expense) | 13,644 | (9,501) |
| Total other (expense) income, net | (53,959,777) | 23,011,499 |
| (LOSS) INCOME BEFORE PROVISON FOR INCOME TAXES | (57,464,890) | 16,371,134 |
| Provision for income taxes | - | - |
| NET (LOSS) INCOME | (57,464,890) | 16,371,134 |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||
| Foreign currency translation income (loss), net | 9,338 | (2,702) |
| TOTAL COMPREHENSIVE (LOSS) INCOME | $(57,455,552) | $16,368,432 |
| NET (LOSS) INCOME PER SHARE: | ||
| Basic | $(2.34) | $1.20 |
| Diluted | $(2.34) | $0.80 |
| Weighted average shares of common stock outstanding | ||
| Basic | 24,585,955 | 13,671,376 |
| Diluted | 24,585,955 | 20,390,663 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.