AITX Artificial Intelligence Technology Solutions Inc.
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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
The shipment growth and manufacturing efficiency improvements are operationally positive but the company's precarious financial position (going concern, $144K cash, massive dilution) overwhelms any near-term bullish read-through. Monitor the Q1 FY27 10-Q for actual revenue, gross margin, and cash burn data to assess whether shipment growth is translating into financial improvement.
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.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-026492 |
| Exhibit: ex99-1.htm | 0001493152-26-026492 |
| Document: 0001493152-26-026492-index-headers.html | 0001493152-26-026492 |
| Document: 0001493152-26-026492-index.html | 0001493152-26-026492 |
| Document: 0001493152-26-026492.txt | 0001493152-26-026492 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 15, 2026
1d ago
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8-K
| $0.0140 $0.0130 | ▼ −7.14% | ▼ −6.55% | $0.0132 (−5.71%) |
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Jun 9, 2026
7d ago
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8-K
| $0.0165 $0.0148 | ▲ +10.42% | ▲ +8.85% | $0.0132 (+20.00%) |
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Jun 1, 2026
15d ago
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8-K
| $0.0185 $0.0170 | ▼ −8.11% | ▼ −8.25% | $0.0132 (−28.65%) |
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May 28, 2026
19d ago
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8-K
| $0.0198 $0.0188 | ▼ −5.05% | ▼ −5.29% | $0.0132 (−33.33%) |
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May 27, 2026
20d ago
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8-K
| $0.0199 $0.0198 | ▼ −0.50% | ▼ −1.05% | $0.0132 (−33.67%) |
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May 26, 2026
21d ago
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8-K
| $0.0215 $0.0199 | ▼ −7.44% | ▼ −7.46% | $0.0132 (−38.60%) |
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Feb 26, 2026
15w ago
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8-K
| $0.0500 $0.0450 | ▼ −10.00% | ▼ −9.55% | $0.0132 (−73.60%) |
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Feb 25, 2026
15w ago
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8-K
| $0.0500 $0.0500 | · 0.00% | ▲ +0.55% | $0.0132 (−73.60%) |
US Market Status
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