Financial Analysis: iCoreConnect (NASDAQ:ICCT) vs. Airship AI (NASDAQ:AISP)

Airship AI (NASDAQ:AISP) and iCoreConnect (NASDAQ:ICCT) are both small-cap business services companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, analyst recommendations, profitability, dividends, institutional ownership, earnings and valuation.

Volatility & Risk

Airship AI has a beta of 0.04, indicating that its stock price is 96% less volatile than the S&P 500. Comparatively, iCoreConnect has a beta of 0.87, indicating that its stock price is 13% less volatile than the S&P 500.

Institutional and Insider Ownership

5.9% of Airship AI shares are held by institutional investors. Comparatively, 13.4% of iCoreConnect shares are held by institutional investors. 57.9% of Airship AI shares are held by insiders. Comparatively, 59.4% of iCoreConnect shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares Airship AI and iCoreConnect’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Airship AI	64.71%	-76.44%	309.71%
iCoreConnect	-263.12%	-1,451.73%	-171.32%

Analyst Ratings

This is a summary of recent recommendations and price targets for Airship AI and iCoreConnect, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Airship AI	0	0	2	1	3.33
iCoreConnect	0	0	0	0	0.00

Airship AI presently has a consensus price target of $9.00, indicating a potential upside of 80.00%. Given Airship AI’s stronger consensus rating and higher possible upside, equities analysts clearly believe Airship AI is more favorable than iCoreConnect.

Earnings and Valuation

This table compares Airship AI and iCoreConnect”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Airship AI	$12.30 million	14.26	$16.37 million	N/A	N/A
iCoreConnect	$11.05 million	0.38	-$15.55 million	($63.20)	-0.03

Airship AI has higher revenue and earnings than iCoreConnect.

Summary

Airship AI beats iCoreConnect on 10 of the 13 factors compared between the two stocks.

About Airship AI

Airship AI Holdings, Inc. offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations. The company was formerly known as Super Simple AI, Inc. and changed its name to Airship AI Holdings, Inc. in March 2023. Airship AI Holdings, Inc. was founded in 2006 and is headquartered in Redmond, Washington.

About iCoreConnect

iCoreConnect Inc., a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company’s products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient’s Prescription Drug Monitoring Program (PDMP) history before prescribing controlled substances; iCoreVerify and iCoreVerify+, a HIPAA compliant SaaS solution that automatically retrieves a patients insurance eligibility breakdown to verify their benefits in advance of their appointment and on-demand; iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; and iCoreCodeGenius, a medical coding reference SaaS solution. It also offers iCoreExchange, a SaaS email solution that allows doctors to send and receive secure email with attachments to and from other healthcare professionals; iCoreCloud, ability to backup their on-premise servers and computers to the cloud; iCoreClaims, for processing and managing claims submitted by policyholders or dental care providers; iCorePay, a patient payment processing solutions for payment and revenue cycle tracking; iCoreSecure, secure SaaS solution that solves privacy concerns in the insurance, real estate, financial and many other industry sectors; and iCoreIT, an IT managed services. The company was formerly known as iMedicor, Inc. and changed its name to iCoreConnect Inc. in June 2017. iCoreConnect Inc. was founded in 1992 and is headquartered in Ocoee, Florida.