Airship AI (NASDAQ:AISP) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• Airship AI missed quarterly expectations: The company reported an adjusted loss of $0.07 per share versus the consensus loss estimate of $0.03, while revenue of $4.12 million fell short of the $5.00 million forecast.
• Shares remain under pressure: AISP traded near $1.92, well below its 52-week high of $7.20, with a market capitalization of approximately $66 million.
• Analyst sentiment is cautious: The stock has a consensus “Reduce” rating and a $6.50 price target, while institutional ownership remains limited at 5.89%.

Airship AI (NASDAQ:AISP - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04), FiscalAI reports. The company had revenue of $4.12 million during the quarter, compared to the consensus estimate of $5.00 million.

Airship AI Price Performance

NASDAQ:AISP traded up $0.01 during trading hours on Thursday, hitting $1.92. 462,632 shares of the company were exchanged, compared to its average volume of 352,740. Airship AI has a 52-week low of $1.69 and a 52-week high of $7.20. The stock has a market capitalization of $66.12 million, a price-to-earnings ratio of -192.00 and a beta of 0.58. The company's 50 day moving average price is $2.40 and its 200-day moving average price is $2.53.

Analyst Ratings Changes

A number of research firms have recently weighed in on AISP. Roth Capital set a $6.50 price target on shares of Airship AI in a report on Monday, April 27th. Weiss Ratings cut shares of Airship AI from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Airship AI from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Airship AI from a "sell" rating to a "hold" rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $6.50.

Institutional Investors Weigh In On Airship AI

A number of large investors have recently made changes to their positions in the stock. Kovack Advisors Inc. purchased a new position in Airship AI in the 4th quarter worth $31,000. Quarry LP purchased a new position in shares of Airship AI in the third quarter worth about $31,000. Mariner LLC raised its stake in shares of Airship AI by 32.5% in the fourth quarter. Mariner LLC now owns 16,854 shares of the company's stock worth $49,000 after purchasing an additional 4,134 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Airship AI by 2,776.9% during the fourth quarter. Royal Bank of Canada now owns 18,441 shares of the company's stock worth $54,000 after purchasing an additional 17,800 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Airship AI by 90.9% during the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company's stock worth $56,000 after purchasing an additional 4,556 shares during the period. 5.89% of the stock is owned by hedge funds and other institutional investors.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.

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