Levi & Korsinsky notifies investors that it has commenced an investigation into Airship AI Holdings, Inc. (NASDAQ: AISP) concerning potential violations of the federal securities laws.
Airship AI issued a press release on November 14, 2024, reporting its financial and operational results for the third quarter of 2024. Among other items, Airship AI reported revenue of $2.9 million, missing consensus estimates by $1.9 million. In the press release, President Paul Allen stated that the Company "saw several large opportunities pushed out to FY 2025 or drastically cut due to budget challenges across several federal agencies" and that "the completion of the capital raise late in the quarter caused delays in bringing in several opportunities as the funds were needed to cover the cost of goods sold for those opportunities." Following this news, Airship AI's stock price fell over 22% on November 15, 2024.
If you suffered a loss on your Airship AI Holdings, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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