AITX Q2 Revenue Hits $1.99M as Non-Top-Customer Sales Jump 61%
AITX sits 80% above its 52-week low of $0.001 on elevated volume (2.5× avg).
Summary
Q2 FY2027 revenue came in at $1.99M, up 5% year-over-year and 8% sequentially, with revenue excluding the largest customer hitting a record $1.63M, up 61% YoY. That customer's share of revenue fell to 18% from 46% a year ago, and the next four customers combined now exceed it — the concentration risk that has hung over this story is genuinely easing. Gross margin was 54% reported, or 67% excluding a $270,987 non-cash write-down on the exited residential camera line. The offset: operating loss was still $2.68M for the quarter, and this follows the 10-Q filed October 20 showing a $6.84M quarterly loss, a going-concern warning, and $58.9M of current liabilities against $220k of cash. Management pushed monthly operating cash breakeven to January 2027 and all-in breakeven to Q2 calendar 2027, with expanded cost cuts expected to save over $350,000 per month from February 2027. The RAIA launch is still slated for the current quarter.
At the time of this announcement, AITX was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $1.2M. The 52-week trading range was $0.00 to $0.12. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.