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Complete financial analysis of Artificial Intelligence Technology Solutions Inc. (AITX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Artificial Intelligence Technology Solutions Inc., a leading company in the Computer Hardware industry within the Technology sector.
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Artificial Intelligence Technology Solutions Inc. (AITX)
About Artificial Intelligence Technology Solutions Inc.
Artificial Intelligence Technology Solutions Inc. focuses on the delivery of artificial intelligence and robotic solutions for operational, security, and monitoring needs. It also develops front-end and back-end software solutions. The company was formerly known as On The Move Systems Corp. and changed its name to Artificial Intelligence Technology Solutions Inc. in August 2018. Artificial Intelligence Technology Solutions Inc. was founded in 2016 is based in Ferndale, Michigan.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.23M | 1.33M | 1.45M | 360.89K | 260.77K | 114.67K | 106.48K | 0.00 | 0.00 | 6.75K | 87.39K | 114.02K | 72.26K | 0.00 |
| Cost of Revenue | 1.13M | 678.07K | 472.93K | 98.17K | 83.76K | 4.52K | 45.00K | 295.79K | 619.97K | 0.00 | 68.32K | 69.81K | 32.40K | 0.00 |
| Gross Profit | 1.10M | 653.88K | 974.18K | 262.72K | 177.01K | 110.15K | 61.48K | -295.79K | -619.97K | 6.75K | 19.06K | 44.22K | 39.85K | 0.00 |
| Gross Profit Ratio | 49.22% | 49.09% | 67.32% | 72.80% | 67.88% | 96.06% | 57.74% | 0.00% | 0.00% | 100.00% | 21.81% | 38.78% | 55.15% | 0.00% |
| Research & Development | 2.88M | 3.63M | 2.96M | 378.24K | 332.52K | 540.97K | 493.00K | 50.73K | 0.00 | 63.18K | 30.00K | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.53M | 9.24M | 11.18M | 2.76M | 1.54M | 3.53M | 2.39M | 301.58K | 572.47K | 595.68K | 646.69K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 260.41K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.79M | 9.24M | 11.18M | 2.76M | 1.54M | 3.53M | 2.39M | 301.58K | 572.47K | 595.68K | 646.69K | 352.79K | 4.11M | 0.00 |
| Other Expenses | 1.42M | 478.12K | 232.89K | 120.85K | 102.24K | 114.61K | 130.08K | -43.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 15.09M | 13.34M | 14.38M | 3.26M | 1.97M | 4.18M | 3.01M | 301.58K | 572.47K | 658.86K | 676.69K | 352.79K | 4.11M | 0.00 |
| Cost & Expenses | 16.22M | 14.02M | 14.85M | 3.36M | 2.06M | 4.19M | 3.06M | 301.58K | 572.47K | 658.86K | 745.01K | 422.60K | 4.15M | 0.00 |
| Interest Income | 0.00 | 5.43M | 16.13M | 3.38M | 3.47M | 6.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 6.76M | 5.43M | 16.13M | 3.38M | 3.47M | 6.75M | 12.41M | 811.38K | 647.99K | 375.41K | 109.05K | 10.60K | 14.37K | 0.00 |
| Depreciation & Amortization | 854.05K | 590.51K | 343.03K | 120.85K | 102.24K | 114.61K | 130.08K | 6.19K | 18.58K | 11.87K | 14.87K | 9.21K | 8.17K | 0.00 |
| EBITDA | -13.14M | -12.21M | -45.72M | -2.40M | -2.65M | -4.03M | -11.71M | -153.00K | -601.38K | -640.23K | -642.75K | -308.58K | -4.07M | 0.00 |
| EBITDA Ratio | -589.68% | -916.89% | -909.96% | -796.22% | -648.88% | -3,453.28% | -2,651.48% | 0.00% | 0.00% | -9,484.93% | -735.54% | -262.54% | -5,627.03% | 0.00% |
| Operating Income | -13.99M | -12.69M | -13.40M | -2.99M | -1.79M | -4.07M | -2.95M | -295.79K | -619.97K | -652.11K | -657.63K | -308.58K | -4.07M | 0.00 |
| Operating Income Ratio | -628.02% | -952.79% | -926.05% | -829.71% | -688.09% | -3,553.23% | -2,773.65% | 0.00% | 0.00% | -9,660.84% | -752.56% | -270.63% | -5,638.33% | 0.00% |
| Total Other Income/Expenses | -6.72M | -5.42M | -48.83M | -2.90M | -4.43M | 19.51M | -20.73M | 322.18K | -647.99K | -375.41K | -109.05K | -6.60K | -14.37K | 0.00 |
| Income Before Tax | -20.71M | -18.11M | -62.20M | -5.90M | -6.21M | 15.36M | -24.25M | 33.85M | -1.27M | -1.03M | -766.68K | -373.18K | -4.09M | 0.00 |
| Income Before Tax Ratio | -929.66% | -1,359.61% | -4,298.05% | -1,634.55% | -2,382.83% | 13,396.18% | -22,774.15% | 0.00% | 0.00% | -15,222.50% | -877.35% | -327.28% | -5,658.22% | 0.00% |
| Income Tax Expense | 0.00 | 10.85M | 32.67M | 3.38M | 3.47M | -26.18M | 8.88M | -35.00M | 47.49K | 21.91K | 109.05K | 54.00K | 14.37K | 0.00 |
| Net Income | -20.71M | -28.95M | -94.86M | -9.28M | -9.68M | 41.54M | -33.13M | 33.85M | -1.27M | -1.05M | -766.68K | -373.18K | -4.09M | 0.00 |
| Net Income Ratio | -929.66% | -2,173.84% | -6,555.45% | -2,571.09% | -3,711.63% | 36,229.40% | -31,117.67% | 0.00% | 0.00% | -15,547.08% | -877.35% | -327.28% | -5,658.22% | 0.00% |
| EPS | 0.00 | -0.01 | -0.02 | -0.01 | -49.00 | 212.38 | -265.06K | 1.99M | -316.99K | -1.05M | -1.66K | -1.01K | -11.05K | 0.00 |
| EPS Diluted | 0.00 | -0.01 | -0.02 | -0.01 | -49.00 | 212.38 | -265.06K | 1.99M | -316.99K | -1.05M | -1.66K | -1.01K | -11.05K | 0.00 |
| Weighted Avg Shares Out | 7.08B | 5.09B | 4.03B | 1.02B | 197.54K | 195.62K | 125.00 | 17.00 | 4.00 | 1.00 | 462.00 | 370.00 | 370.00 | 0.00 |
| Weighted Avg Shares Out (Dil) | 7.08B | 5.09B | 4.03B | 1.02B | 197.54K | 195.62K | 125.00 | 17.00 | 4.00 | 1.00 | 462.00 | 370.00 | 370.00 | 0.00 |
AITX's RAD Announces that Major Order Arrives Ahead of Schedule from Fortune 50 Client
Detroit, Michigan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is delighted to announce the surprise expansion of its relationship with its esteemed Fortune...
AITX's RAD Announces SelectBlur, a Privacy-First Surveillance Video Processing Application
Detroit, Michigan, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is excited to announce the launch of 'SelectBlur', a standalone desktop application designed to enhance...
AITX's RAD Announces Booked January Annual Recurring Revenue Up 476% Year Over Year
Detroit, Michigan, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced...
AITX's RAD Receives Multi-Location Order from Midwest Grocery Chain Continuing Its Market Expansion
Detroit, Michigan, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced...
AITX Announces Strong Financial Growth with 2.7x Increase in Recurring Revenue, SG&A Expense Reduction and Debt Extensions in Latest 10-Q Filing
Detroit, Michigan, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is pleased...
AITX Inks Bank MSA & Receives a 6 Unit ROSA Expansion Order Through its Subsidiary Robotic Assistance Devices
Detroit, Michigan, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced...
AITX Forecasts 2x to 4x Annual Recurring Revenue Sales Growth in Calendar 2024
Detroit, Michigan, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced its sales forecast for the calendar year 2024,...
AITX Recurring Annual Revenue to Break $5 Million
Based on New Booked Orders and Committed Orders Putting AITX Over the $5 Million Milestone Detroit, Michigan, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and...
5 New Authorized Dealers Signed by AITX's Subsidiary Robotic Assistance Devices
Detroit, Michigan, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc....
CORRECTED PRESS RELEASE FROM THE DECEMBER 12, 2023 PRESS RELEASE DISTRIBUTED TO THE PUBLIC IN THE MORNING OF DECEMBER 12, 2023.
Explanatory Note The press release we issued in the morning of December 12, 2023 inadvertently contained an error by incorrectly disclosing that Q3 2024 booked revenues were $151,000, when in fact that press release should have disclosed (as reflected in...
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