AITX Artificial Intelligence Technology Solutions Inc.

Price Chart

Executive Summary

AITX announced via press release that its RAD subsidiary shipped 116 hardware devices in Q1 FY27 (ended May 31, 2026), representing nearly 50% year-over-year shipment growth while operating with approximately half the production staff. The filing is a routine operational update with no financial statements or guidance; the company continues to report material operating losses and a going-concern warning from its auditors.

Actionable Insight

Key Facts

• RAD shipped 116 hardware devices in Q1 FY27, nearly 50% growth YoY
• Production output increased with approximately half the production staff vs prior year
• Manufacturing time reduced by approximately 30% during the quarter
• Hardware price increase effective May 1, 2026
• Company continues to report material operating losses; auditors expressed substantial doubt about going concern
• Accumulated deficit ~$165M; net losses ~$19.35M TTM; negative operating cash flow ~$12.5M
• Total liabilities ~$58.3M vs total assets ~$9.6M; ~96% of debt owed to entities controlled by one individual
• 25.3 billion shares outstanding (up 62% YoY); ongoing equity financing causes continuing dilution
• Cash on hand ~$144,000 as of most recent quarter
• FY2026 revenue of $7.75M was significantly below prior guidance of $12-18M

Financial Impact

No financial figures for Q1 FY27 provided; prior FY2026 revenue was $7.75M vs guidance of $12-18M. Shipment growth of ~50% YoY is positive but not quantified in dollar terms.

Risk Factors

• Going concern risk with auditors expressing substantial doubt
• Extreme dilution: 25.3B shares outstanding, up 62% YoY
• Cash runway extremely limited at ~$144K on hand
• Debt concentration: ~96% owed to entities controlled by one individual
• Prior guidance miss: FY2026 revenue of $7.75M vs $12-18M guidance

Market Snapshot

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

US Market Status