Airship AI Q1 FY26 net loss widens to $721,000; net revenues rise 15.4% to $6.35 million

• Airship AI posted a net loss of $721,000, swinging from net income of $23.71 million.
• Net revenues rose 15.4% to $6.35 million, while operating loss narrowed to $1.58 million.
• Other income fell to $861,000 from $25.42 million, reflecting a $726,000 loss from change in fair value of earnout liability alongside a $1.5 million gain from change in fair value of warrant liability.
• Selling, general and administrative expense climbed to $3.9 million, research and development expense increased to $844,000.
• Backlog totaled about $4.6 million as of May 6, 2026, while validated pipeline stood at $165.3 million with expected award timeframes over the next 18-24 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Airship Ai Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-004630), on May 08, 2026, and is solely responsible for the information contained therein.