Airship AI (AISP) investor relations material

Executive summary

• Net revenues for Q2 2026 rose 92% year-over-year to $4.12M, driven by increased commercial orders and higher-margin sales, offsetting variability in federal awards.

• Net loss for Q2 2026 was $2.4M, or $0.07 per share, a significant improvement from Q2 2025, primarily due to lower non-cash expenses and increased investments in R&D and sales.

• Backlog as of August 6, 2026, was $6.9M, with a validated pipeline of $206.1M in opportunities, including a $1.9M maintenance agreement with a Fortune 100 customer.

• The company is expanding into commercial markets and developing new AI-driven products, including Ask Airship, robotics capabilities, and the Outpost AI Sentinel vehicle-based edge solution.

• Platform supported DHS operations during major national events, demonstrating operational scale.

Financial highlights

• Q2 2026 net revenues: $4.12M (up from $2.1M in Q2 2025); six-month revenues: $10.5M (up from $7.7M in 2025).

• Gross profit for Q2 2026: $3.09M (up from $1.5M in Q2 2025); gross margin improved to 75% due to higher-margin commercial sales.

• Operating loss for Q2 2026: $1.49M, reflecting increased stock-based compensation and higher investments in sales, marketing, and R&D.

• Cash and cash equivalents as of June 30, 2026: $12.37M; no outstanding debt.

• Net cash provided by operating activities for six months ended June 30, 2026: $579K; net cash used in Q2 2026: $235K.

Outlook and guidance

• Management expects continued growth in commercial and government sectors, with a focus on achieving cash flow positive operations by year-end 2026.

• Approximately 48% of $8.9M in remaining performance obligations expected to be recognized as revenue in the next 12 months.

• Multi-year federal funding certainty through 2029 from the OB3 Act and Secure America Act.

• No substantial doubt about ability to continue as a going concern for at least 12 months.