AITX Artificial Intelligence Technology Solutions Inc.
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Executive Summary
AITX confirmed audited FY2026 results consistent with preliminary figures: revenue grew 26% to $7.75M, gross margin expanded to 71%, and operating loss improved 14% to $11.9M. However, the filing also discloses a going-concern qualification, $144K cash on hand, $49M stockholders' deficit, and 96% of loans owed to a single entity — severe financial distress that overshadows the operational improvements.
Key Financial Metrics
Actionable Insight
The going-concern qualification and $144K cash position make near-term survival the dominant risk. Monitor for a dilutive financing or restructuring — the company cannot fund operations without external capital. The ROAMEO commercial launch is a potential catalyst but has no track record and is speculative.
Key Facts
- Audited FY2026 revenue: $7,745,336 (up 26% YoY)
- Gross profit: $5,533,700 (up 48% YoY); gross margin 71% vs 61% prior year
- Operating expenses flat at $17,477,097; loss from operations improved 14% to $11,943,397
- Auditors issued a going-concern qualification — substantial doubt about ability to continue
- Cash on hand: approximately $144,000 — insufficient to fund operations without additional financing
- Total liabilities ~$58M vs total assets ~$9M; stockholders' deficit ~$49M
- Accumulated deficit of approximately $165M
- 96% of outstanding loans payable owed to entities controlled by a single individual
- Significant common share dilution from equity financing arrangement of up to $30M; dilution expected to continue
- ROAMEO mobile platform commenced commercial billing in May 2026 after ~$20M cumulative development investment
Financial Impact
Revenue $7.75M (+26% YoY), gross profit $5.53M (+48% YoY), operating loss $11.94M (improved 14%), cash $144K, liabilities $58M vs assets $9M
Risk Factors
- Going-concern risk — substantial doubt about ability to continue
- Cash burn — $144K on hand, insufficient for extended operations
- Concentration risk — 96% of loans from a single individual
- Continued dilution from equity financing arrangement up to $30M
- No history of profitability; accumulated deficit ~$165M
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001062993-26-003112 |
| Document: form8k.htm | 0001062993-26-003112 |
| Document: 0001062993-26-003112-index-headers.html | 0001062993-26-003112 |
| Document: 0001062993-26-003112-index.html | 0001062993-26-003112 |
| Document: 0001062993-26-003112.txt | 0001062993-26-003112 |
| 8-K Data (Synthetic) | 0001062993-26-003112 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
6d ago
|
8-K
| $0.0179 awaiting T+5 | awaiting T+5 | — | $0.0137 (+23.74%) |
|
Jun 1, 2026
13d ago
|
8-K
| $0.0185 $0.0175 | ▼ −5.41% | ▼ −2.66% | $0.0137 (−26.22%) |
|
May 28, 2026
17d ago
|
8-K
| $0.0198 $0.0174 | ▼ −11.87% | ▼ −12.19% | $0.0137 (−31.06%) |
|
May 27, 2026
18d ago
|
8-K
| $0.0199 $0.0170 | ▼ −14.57% | ▼ −15.04% | $0.0137 (−31.41%) |
|
May 26, 2026
20d ago
|
8-K
| $0.0215 $0.0170 | ▼ −20.93% | ▼ −22.14% | $0.0137 (−36.51%) |
|
Feb 26, 2026
15w ago
|
8-K
| $0.0500 $0.0450 | ▼ −10.00% | ▼ −8.87% | $0.0137 (−72.70%) |
|
Feb 25, 2026
15w ago
|
8-K
| $0.0500 $0.0450 | ▼ −10.00% | ▼ −8.90% | $0.0137 (−72.70%) |
US Market Status
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