See more : Euronav NV (EURN.BR) 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 Announces Q1 FY 2025 Recurring Monthly Revenue Increase of 385% YoY, Announces First Ever Quarter of Over $1 Million in Total Revenue
Company Also Announces RMR Waiting Deployment of Over $125,000 Detroit, Michigan, June 17, 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...
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Seamless Performance and Real-Time, Intelligent Surveillance Keep Attendees Safe Detroit, Michigan, June 10, 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...
AITX Invests in Nightingale Security to Bolster Strategic Partnership and Enhance Global Autonomous Security Solutions
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AITX's RAD Announces Engagement for Department of Homeland Security SAFETY Act Designation for Firearm Detection Software Solutions
Detroit, Michigan, May 30, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is excited to announce it has retained a consultant to prepare its application for...
AITX Files FY2024 10-K and Form S-3
Company Reconfirms RMR Run Rate Increase of 505%, Significant Device Deployments, and Strategic Advancements in AI Security Solutions: Positions for Optimized Capital Raising with Form S-3 Filing
AITX's RAD Announces First Paid Analytic based on Vast Improvements in Its Firearm Detection Speed & Accuracy
Enhanced AI Software Set and Double Authentication Feature Released to Revolutionize Security and Safety Detroit, Michigan, May 28, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ),...
AITX stock analysis: CEO salary raises some red flags
The Artificial Intelligence Technology Solutions (OTCMKTS: AITX) stock price has staged a strong bull run this year, helped by the strong demand for AI companies. It has soared by over 272% from its lowest level this year and is hovering...
AITX Unveils AIR™ as the Core of Its Operations, Revolutionizing Industry Standards with Advanced Autonomous Solutions
AIR Manifesto Now Available on AITX Website Detroit, Michigan, May 22, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is excited to announce that AIR™ (Autonomous Intelligent Response) has become the core paradigm driving...
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