AITX Reports Strong Financial Growth in Q3 FY 2025; Revenue Increases by 300% Year Over Year

Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) has recently unveiled its latest financial results for the third quarter of fiscal year 2024, ending on November 30, 2024. The company showcased impressive revenue growth, boasting a 300% increase year over year. AITX, a prominent player in AI-driven security and productivity solutions, highlighted its successful transition to the fourth generation (Gen 4) platform, solidifying its position as an industry innovator.

During the quarter, AITX reported revenues of $4,277,951 for the nine months ended November 30, 2024, marking a significant 213% surge compared to the same period in 2023. The company’s total rental revenue for the quarter reached $1,750,968, representing a 30% increase compared to the prior quarter, illustrating strong demand and the effectiveness of its recurring revenue model.

The transition from the third generation (Gen 3) platform to the fourth generation (Gen 4) platform was successfully completed, showcasing enhanced capabilities, reduced hardware weight, and faster production times for AITX’s products. The CEO and CTO of AITX and its subsidiaries, Steve Reinharz, expressed optimism about achieving operational positive cash flow by the end of 2025 amidst the continuous sales growth and introduction of new solutions.

Looking ahead, AITX is poised to expand its client base, enhance its product lineup, and drive operational efficiencies using its Gen 4 platform. The company’s 2025 Investor Presentation, scheduled for January 15, will provide insights into revenue projection models for fiscal year 2026, offering a roadmap towards operational profitability based on current sales trends and strategic initiatives.

Robotic Assistance Devices, Inc. (RAD-I), a subsidiary of AITX, is playing a pivotal role in redefining the security and guarding services industry through its innovative, AI-driven Solutions-as-a-Service business model. RAD-I’s solutions are designed to deliver substantial cost savings to businesses, positioning AITX for sustained growth and increased market trust.

While AITX continues to innovate and cater to diverse industries with its AI-based solutions, the company emphasizes forward-looking statements that outline its objectives without guaranteeing future performance. As AITX progresses towards achieving operational profitability and strengthening its market presence, investors and industry observers are keenly watching the company’s growth trajectory.

For more information about AITX and its subsidiaries, visit www.aitx.ai and associated websites or follow CEO Steve Reinharz on Twitter @SteveReinharz.

It is essential to note that the information in this publication is not an offer to sell or solicit securities but instead aims to provide insights into AITX’s operational achievements and growth prospects.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Artificial Intelligence Technology Solutions’s 8K filing here.

About Artificial Intelligence Technology Solutions

Artificial Intelligence Technology Solutions Inc focuses on the delivery of artificial intelligence and robotic solutions for operational, security, and monitoring needs. It develops front-end and back-end software solutions. The company also provides RIO, a solar-powered trailer; ROSA-P; RADDOG; ROSS, a video management system;and ROAMEO, an unmanned ground vehicle.