AITX Announces Nearly 300% Increase in Revenues for Fiscal Year 2025; Projects $12M-$18M Revenue for 2026

Reuters
05/01
AITX Announces Nearly 300% Increase in Revenues for Fiscal Year 2025; Projects $12M-$18M Revenue for 2026

Artificial Intelligence Technology Solutions Inc. (AITX) has announced its unaudited fiscal year 2025 results, reporting revenues of $6.13 million for the period ending February 28, 2025. This marks an increase of nearly 300% compared to fiscal year 2024. The company has also forecasted fiscal year 2026 revenues to be in the range of $12 million to $18 million, driven by growing recurring revenue streams and expanding market adoption of its AI-driven solutions. AITX is implementing efficiencies expected to achieve over $1.2 million in annualized savings, with full implementation planned for June 1, 2025. These savings are attributed to stability in the Gen 4 platform and a strategic shift from product creation to production transition and iterative efficiency improvements. The company is also focusing on reducing spending, which is expected to be reflected in the Q2 quarterly filings. The financial and operational strengthening of Robotic Assistance Devices, Inc. (RAD-I) has allowed AITX to allocate resources towards the growth of SARA™ and Robotic Assistance Devices Group, Inc. (RAD-G), dedicating nearly 20% of operations to these initiatives. RAD-I has a sales pipeline including over 35 Fortune 500 companies, with potential for numerous reorders over time, contributing to recurring revenue streams. AITX's operational realignment aims to strengthen its financial position while advancing towards long-term growth objectives, with no changes expected in the headcount of its approximately 115 team members.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Artificial Intelligence Technology Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-25-008266), on May 01, 2025, and is solely responsible for the information contained therein.

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