See more : LleidaNetworks Serveis Telemàtics, S.A. (ALLLN.PA) Income Statement Analysis – Financial Results
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 On Track to Break $10 Million Annual Recurring Revenue Run Rate this Fiscal Year
RAD's Fiscal Year 3rd Quarter Order Intake on Track to be Record Breaking Detroit, Michigan, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is...
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AITX Forecasts Approximately 300% Revenue Growth for FY 2025
Strong Revenue Growth and Strategic Investments Position AITX for Continued Success Throughout FY 2025 Detroit, Michigan, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") ( OTCPK:AITX ), a global leader in AI-driven security and productivity...
AITX's RAD Receives Multiple RIO Contract Renewal from Large Client
Detroit, Michigan, July 30, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is pleased to announce the first of many expected contract renewals from one of...
AITX's RAD Anticipates $1 Million SaaS ARR Increase with New Fortune 50 Client Deployment
Detroit, Michigan, July 23, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is thrilled to announce the imminent expansion of a substantial nationwide deployment. RAD is...
AITX Announces Significantly Improved Equity Financing Agreement
Detroit, Michigan, July 19, 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, is pleased to announce that a new equity financing agreement...
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