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History Airship AI Holdings, Inc. (the Company or Airship ) is a holding company incorporated in Delaware that executes business through its wholly owned subsidiary, Airship AI, Inc. ( Airship AI ). Prior to the formation of Super Simple AI, Inc. in 2022, the Company operated as Airship AI, Inc. (formerly known as JDL Digital Systems, Inc.).
The business is unprofitable at the operating level (-47.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 33.5% YoY. Margins deteriorated 31.9pp alongside, both lines moving the wrong way.
ROIC dropped from -217.83% to -446.87%, capital efficiency is deteriorating. Operating margin contracted 31.9pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$16M
▼ -33.5% YoY
Net Income (TTM)
$5M
▲ +151.0% YoY
Op. Margin
-43.80%
▼ -31.9pp YoY
ROIC
-453.17%
▼ -229.0pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$5M
▼ -23.1% YoY
Net Debt
-$12M
Net Cash Position
Cash & Equiv.
$13M
3Y CAGR: +1.7%
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