Airship AI Holdings Inc. (AIRI): 2023 Stock Overview

Company Profile:

History: Founded in 2009 as Urban Airship, the company rebranded to Airship in 2016 and merged with OpenMarket in 2017. Today, Airship is a leading mobile engagement platform provider.

Core Business Areas: They offer a Software-as-a-Service (SaaS) platform for mobile customer engagement. This includes solutions for push notifications, SMS, in-app messaging, and engagement analytics. Airship helps businesses connect with their customers through personalized and targeted mobile messaging across various channels.

Leadership: Scott Freshman (CEO), Brett Caine (CFO), and Ashley Seifel (Chief Customer Officer) lead the company. The executive team has extensive experience in mobile technology and marketing.

Top Products and Market Share:

Products: Airship's flagship product is the Airship Mobile Engagement Platform. It includes features like:

• Audience Management: Segmenting and targeting audiences based on demographics, behavior, and preferences.
• Campaign Management: Creating and managing personalized push notifications, SMS, and in-app messages.
• Data & Analytics: Real-time insights into campaign performance and customer engagement.

Market Share: Airship was ranked #1 in customer engagement market share by Gartner in 2022. They hold a dominant position in the enterprise segment, with customers like Uber, Adidas, and Domino's.

Competitors: Key competitors include Braze, Leanplum, and Iterable. Airship differentiates itself with its focus on enterprise-grade security, reliability, and scalability.

Total Addressable Market (TAM):

The global market for mobile customer engagement software is estimated to reach $10.4 billion by 2027. This significant growth potential signifies the increasing importance of mobile channels for businesses to connect with their customers.

Financial Performance:

Revenue: Airship's revenue for the fiscal year ended June 30, 2023, was $132.7 million, a 15% year-over-year increase.

Net Income: Net income for the same period was $10.5 million, compared to $1.4 million in the previous year.

Profit Margins: Profit margins have been improving, with gross margin reaching 73% in Q2 2023.

EPS: Diluted EPS for the year ended June 30, 2023, was $0.14.

Dividends and Shareholder Returns:

Dividends: Airship does not currently pay dividends.

Shareholder Returns: Total shareholder return over the past year has been strong, significantly exceeding the market average.

Growth Trajectory:

Airship has a strong track record of growth, with revenue increasing at a consistent double-digit rate over the past few years. Continued expansion in the enterprise segment and upcoming product launches are expected to further fuel this growth.

Market Dynamics:

The mobile customer engagement market is characterized by ongoing innovation and industry consolidation. Airship remains at the forefront of this dynamic market, demonstrating its commitment to product development and customer success.

Recent Acquisitions:

• AppBoy (2023): This acquisition expanded Airship's product portfolio with additional features like email marketing and web engagement.
• Pushwoosh (2022): Enhanced Airship's market reach and global footprint, particularly in Eastern Europe and Asia.

AI-Based Fundamental Rating:

8/10: Airship boasts strong financials, a leading market position, and a dedicated focus on future growth. However, challenges from competitors and economic uncertainties require continued strategic focus.

Sources and Disclaimers:

This overview is based on data from company filings, industry reports, and news articles. It is not intended as financial advice.

Disclaimer: I am an AI chatbot and cannot provide specific financial advice. This information is for educational purposes only. Please consult with a financial professional before making any investment decisions.