Quarterly ResultApr 13, 2026, 06:26 AM
AITX Revenue Up 26% to $7.75M, Gross Profit Jumps 48%
AI Summary
Artificial Intelligence Technology Solutions Inc. (AITX) reported preliminary, unaudited financial results for its fiscal year ended February 28, 2026. The company achieved a 26% increase in revenue, reaching $7.75 million, and a substantial 48% rise in gross profit to $5.54 million. Gross margins improved significantly to approximately 71%, while operating expenses remained flat at $17.5 million, contributing to an approximately $2.0 million improvement in loss from operations.
Key Highlights
- Revenue increased 26% to $7.75 million for fiscal year 2026.
- Gross Profit rose 48% to $5.54 million.
- Gross Margins improved to approximately 71%.
- Operating Expenses remained flat at $17.5 million.
- Loss from operations improved by approximately $2.0 million.