AITX Reports 26% Revenue Growth to $7.7M, Narrows FY26 Loss to $(0.07) EPS
Summary
Artificial Intelligence Technology Solutions Inc. reported full-year 2026 revenue of $7.745 million, a 26% increase year-over-year, with diluted loss per share improving to $(0.07). The company also narrowed its net loss to $14.51 million. This summary follows the 10-K filing earlier today, which noted substantial doubt about the company's ability to continue as a going concern. While revenue growth and improved gross margins (71%) from a shift to rentals are positive, the company remains significantly unprofitable, making these results critical for assessing its financial viability.
At the time of this announcement, AITX was trading at $0.02 on OTC in the Technology sector, with a market capitalization of approximately $5.1M. The 52-week trading range was $0.02 to $0.16. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Wiseek News.