Quarterly ResultJul 15, 2026, 06:12 AM
AITX Q1 Revenue $1.83M; Ex-Largest Customer Revenue Up 52%
AI Summary
Artificial Intelligence Technology Solutions Inc. reported Q1 FY2027 results with total revenue of $1.83 million, a 1% decrease year-over-year. However, revenue excluding its largest customer grew 52% year-over-year to $1.46 million. The company narrowed its operating loss by 15% to $2.71 million and improved operating cash use by 17%. Strategic initiatives like SARA activations and ROAMEO deployments are progressing, with June recurring monthly revenue up 15% month-over-month, and Q2 FY2027 revenue expected to increase by over 10%.
Key Highlights
- Total revenue for Q1 FY2027 was $1.83 million, a 1% decrease year-over-year.
- Revenue excluding the largest customer increased 52% year-over-year to $1.46 million.
- Operating loss narrowed by 15% year-over-year to $2.71 million.
- Net cash used in operating activities improved 17% year-over-year to $2.76 million.
- June recurring monthly revenue increased 15% month-over-month, including $10,000 from SARA activations.
- SARA backlog represents $100,000 in additional potential recurring monthly revenue.
- ROAMEO deployments are expected to double from two to four units in Q2 FY2027.
- Q2 FY2027 revenue is expected to exceed Q1 FY2027 revenue by over 10%.
Price Impact
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