AITX Q1 FY27 net loss widens 24% to $5.72 million; revenue falls 1% to $1.83 million
ARTIFICIAL INTELLIGENC TECH SOL INC AITX | 0.00 |
- Artificial Intelligence Technology Solutions posted a net loss of USD 5.72 million for the three months ended May 31, 2026, widening 24% year over year.
- Revenue slipped 1% to USD 1.83 million, as one major customer’s share fell to 21% from 48% on internal cost-cutting.
- Operating loss narrowed 15% to USD 2.71 million as operating expenses fell 12% to USD 3.89 million.
- Other expense more than doubled to USD 3.01 million on higher interest expense; the period included a USD 707,600 loss on settlement.
- The company expects sales growth from new mobile products and software starting in the second quarter, with a slow rollout due to capital intensity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Artificial Intelligence Technology Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-033164), on July 14, 2026, and is solely responsible for the information contained therein.
