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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 Updates Profitability and Financing Outlook
Company Confirms August 2024 Timeframe Detroit, Michigan, March 12, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") ( OTCPK:AITX ), a leader in AI-driven security and productivity solutions, today reconfirmed its expected achievement of operational profitability by...
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AITX's RAD March 3, 2024 Investor ‘Ask Me Anything' Available Online
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AITX To Discuss Exponential Growth During Upcoming ‘Ask Me Anything'
AITX Executives Steve Reinharz, Anthony Brenz, and Troy McCanna to Participate, hosted by Buffalo Fireside Chats
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RAD Devices to be Equipped with the Ability to Detect and Potentially Thwart ATM Theft Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ),...
AITX's RAD January SaaS Revenue Up 383%; Contracts In-Hand Break $500K Recurring Monthly Revenue Milestone as Strong Growth Continues
Detroit, Michigan, Feb. 12, 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...
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City of Taylor, Michigan, Welcomes Its First RADDOG 2LE to the Police Force in Historic Move Detroit, Michigan, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (...
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