Airship AIs Stock Soars 200% Upon DOJ Contract

Let’s see why Airship AIs Stock Soared 200% Upon DOJ Contract.

Airship AIs Stock Soars 200% Upon DOJ Contract

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The technology sector experienced a downward trend on Tuesday, impacting a multitude of hot stocks that had previously ridden the wave of Wall Street’s enthusiasm for the artificial intelligence revolution.

However, amidst the sea of mostly red, one small name stood out: Airship AI Holdings Inc. (AISP). The company’s shares skyrocketed by an impressive 200% following the announcement of a significant contract with the U.S. Department of Justice (DOJ).

The DOJ Contract and Airship AI’s Role

  • Company Background: Based in Redmond, Washington, Airship AI specializes in sensor and data management, leveraging artificial intelligence to assist law enforcement, defense, and public-sector clients in harnessing critical data.
  • The “Large” Contract: Airship AI secured a substantial contract with a DOJ agency. The focus is on the company’s “video and data-management platform supporting emerging public-safety and investigative requirements.”
  • Strong Pipeline: According to Paul Allen, the company’s president, Airship AI has a robust pipeline of opportunities for the year ahead.

Company Snapshot

  • Market Capitalization: Despite its recent surge, Airship AI remains a relatively small company, with a market capitalization of approximately $135 million.
  • Recent Public Listing: The company went public in December through a merger with a special-purpose acquisition company (SPAC).
  • Financial Performance: In 2022, Airship AI generated $14.5 million in revenue, boasting a healthy 58% gross margin and “positive” earnings before interest, taxes, depreciation, and amortization (EBITDA).

Additional Recognition and Momentum

  • Department of Homeland Security Award: Earlier, Airship AI received a notable $10.9 million award from the U.S. Department of Homeland Security. The company also highlighted an $11.8 million backlog that would be delivered and invoiced across the first and second quarters of 2024.
  • Other AI Players: Notably, other relatively small AI companies have also captured investor attention. For instance:
    • SoundHound AI Inc. (SOUN): With a market cap of $1.5 billion, SoundHound AI gained momentum after Nvidia Corp. listed a stake in its 13-F filing with the Securities and Exchange Commission.

In summary, Airship AI’s meteoric rise underscores the growing significance of AI in critical sectors, and its contract with the DOJ positions it as a key player in shaping the future of data-driven solutions. 🚀🤖


  1. Airship AI – Realtime. Actionable. Intelligence.
  2. Seeking Alpha: AISP Airship AI Holdings, Inc.
  3. Stock Analysis: Airship AI Holdings Inc (AISP)
  4. SoundHound AI Inc. (SOUN)
  5. Nvidia Corp. (NVDA)

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