Airship AI Highlights
Large and Rapidly Growing Size of Addressable Market
$7 billion edge AI software and hardware addressable market today, projected to grow to over $40 billion in 20301.
This growth is expected to be driven by strong demand for AI solutions in public safety, industrial, and logistics settings.
Differentiated End-to-End Solution
Airship AI leverages AI at the edge to help improve public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers.
Solutions work with clients’ existing hardware and capitalize on rapidly growing use of AI to create efficiency, increase speed, reduce costs, and improve decision-making.
Blue-Chip Customer Base
Existing customers include federal government agencies across the Department of Homeland Security, Department of Justice, Department of Defense, and Intelligence Community, along with state and local law enforcement agencies and Fortune 500 companies FedEx and Home Depot.
In December 2023 began delivery of multiple firm fixed price contracts worth $10.9 million, awarded in September 2023 by an agency within the Department of Homeland Security (DHS), for advanced integrated solutions supporting real-time intelligence collection operations along the United States’ borders, leveraging the Company’s edge IoT appliance, Outpost AI.
Strong Growth with Software Margin
2022A: $14.5 million revenue, 57.9% gross margin, positive EBITDA.
NTM (Next Twelve Months, which denotes July 1, 2023 - June 30, 2024 forecast period): $39 million revenue, 65% gross margin, $9 million EBITDA.
Opportunity for margin expansion with recently launched Edge products.
Visible and Robust Pipeline
Strong pipeline predominantly with the U.S. government in addition to new growth opportunities within the commercial sector
Bullish
