Artificial Intelligence Technology Solutions Inc. SEC 10-Q Report

Artificial Intelligence Technology Solutions Inc., a company specializing in advanced AI-driven solutions, has released its latest Form 10-Q report, showcasing significant improvements in both financial and operational performance. The report highlights the company's growth in revenue, profitability, and strategic initiatives aimed at sustaining future growth.

Financial Highlights

• Revenues: $1.89 million, reflecting an increase from $1.34 million in the same period last year, indicating growth in sales.
• Gross Profit: $1.34 million, up from $1.00 million in the prior year, showing improved profitability.
• Loss from operations: $(2.31) million, compared to $(2.61) million last year, indicating a reduction in operating losses.
• Net income (loss): $0.76 million, a significant improvement from a loss of $(3.93) million in the previous year, driven by a gain on settlement of debt.
• Net income (loss) per share - basic: $(0.00), unchanged from the previous year, reflecting the impact of a large number of shares outstanding.

Business Highlights

• Revenue Segments: The company reported revenue from two primary sources: device rental activities and direct sales of goods and services. Device rental activities generated $1,695,471 for the three months ended August 31, 2025, and $3,322,757 for the six months ended August 31, 2025. Direct sales of goods and services contributed $193,278 for the three months and $420,829 for the six months ended August 31, 2025.
• Sales Units: The company transferred $1,792,348 worth of device parts inventory to revenue-earning devices during the six months ended August 31, 2025, indicating an increase in operational capacity and potential sales volume.
• Future Outlook: Management has expressed a commitment to raising either non-dilutive or minimally dilutive funds to support operations. An equity financing agreement was entered into, allowing for the purchase of up to $30,000,000 of the company’s common stock over a two-year period, with $29 million remaining under this arrangement. Management is optimistic about continuing operations through growing revenues, equity proceeds, and issuing non-convertible debt.

SEC Filing: Artificial Intelligence Technology Solutions Inc. [ AITX ] - 10-Q - Oct. 15, 2025