Quarterly ResultJun 9, 2026, 06:07 AM
AITX Confirms FY26 Audited Results: Revenue +26% to $7.75M; Gross Margin 71%
AI Summary
Artificial Intelligence Technology Solutions Inc. (AITX) confirmed its audited fiscal year 2026 financial results, consistent with preliminary figures, reporting a 26% revenue increase to $7.75 million and a 48% rise in gross profit to $5.53 million, expanding gross margin to 71%. The company also detailed its three-pillar operating strategy, focusing on Stationary Solutions (RAD-I), Mobile Autonomous Platforms (RAD-M), and Agentic AI Platform (RAD-G), and outlined its long-term "RAD Town" vision for integrated autonomous security.
Key Highlights
- Audited FY26 revenue increased 26% to $7,745,336.
- Gross profit rose 48% to $5,533,700.
- Gross margin expanded to 71% from 61% in the prior year.
- Operating expenses were essentially flat at $17,477,097, a 1% decrease.
- Loss from operations improved 14% to $11,943,397.
- Company views business through Stationary (RAD-I), Mobile (RAD-M), and Agentic AI (RAD-G) segments.
- RAD-M commenced commercial billing for ROAMEO units in May 2026.
- RAD-I's standalone recurring revenue and gross margin could support positive cash flow.
Price Impact
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