See more : ChoiceOne Financial Services, Inc. (COFS) 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 |
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