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 | ||||
|---|---|---|---|---|---|
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Jun 18, 2026
2d ago
|
8-K
| $0.0132 awaiting T+1 | awaiting T+1 | — | $0.0130 (−1.52%) |
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Jun 17, 2026
4d ago
|
EFFECT
| $0.0131 $0.0130 | ▼ −0.91% | ▼ −1.69% | $0.0130 (−0.76%) |
|
Jun 15, 2026
5d ago
|
8-K
| $0.0140 $0.0130 | ▼ −7.14% | ▼ −6.55% | $0.0130 (−7.14%) |
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Jun 9, 2026
11d ago
|
8-K
| $0.0165 $0.0148 | ▲ +10.42% | ▲ +8.85% | $0.0130 (+21.21%) |
|
Jun 1, 2026
19d ago
|
8-K
| $0.0185 $0.0170 | ▼ −8.11% | ▼ −8.25% | $0.0130 (−29.73%) |
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May 28, 2026
23d ago
|
8-K
| $0.0198 $0.0188 | ▼ −5.05% | ▼ −5.29% | $0.0130 (−34.34%) |
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May 27, 2026
24d ago
|
8-K
| $0.0199 $0.0198 | ▼ −0.50% | ▼ −1.05% | $0.0130 (−34.67%) |
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May 26, 2026
25d ago
|
8-K
| $0.0215 $0.0199 | ▼ −7.44% | ▼ −7.46% | $0.0130 (−39.53%) |
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Feb 26, 2026
16w ago
|
8-K
| $0.0500 $0.0450 | ▼ −10.00% | ▼ −9.55% | $0.0130 (−74.00%) |
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Feb 25, 2026
16w ago
|
8-K
| $0.0500 $0.0500 | · 0.00% | ▲ +0.55% | $0.0130 (−74.00%) |
US Market Status
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