Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (AITX) reported strong financial results for Q3 FY2024, ending November 30, 2024. The company achieved revenues of $4,277,951 for the nine months ended November 30, 2024, marking a 213% increase from $1,386,363 in the same period of 2023. Total rental revenue for Q3 reached $1,750,968, showing a 30% increase from the previous quarter's $1,344,183.

AITX successfully completed its transition to the fourth generation (Gen 4) platform, featuring enhanced analytics, improved AI functionality, reduced hardware weight, and faster production times. The company expects to achieve operational positive cash flow in calendar year 2025 and has prepared three revenue projection models for FY2026, starting March 1, 2025.

Artificial Intelligence Technology Solutions (AITX) has announced the appointment of Steve Danelon as President of its subsidiary, Robotic Assistance Devices Residential (RAD-R). Danelon brings 30 years of security industry experience, including 22 years at Allied Universal leading Canadian operations, and founded Fortress Solutions, a residential security company.

The appointment aims to strengthen RAD-R's position in delivering AI-driven residential security solutions, particularly the recently launched RADCam™. Danelon's compensation package is performance-based, aligning with company goals. The RADCam product is currently available for purchase through Amazon, Walmart.com, and www.radcam.ai.

AITX announces the availability of RADCam, their conversational security camera, on Amazon and Walmart.com, with TikTok store launch planned for next week. The company is initially shipping 1,000 RADCams to Amazon warehouses nationwide, with Amazon Prime features including fulfillment and returns to be activated next week.

RADCam leverages AITX's proprietary AIR™ (Autonomous Intelligent Response) technology to eliminate nuisance notifications, providing only relevant alerts. The expansion to major online marketplaces aligns with consumer trends, noting Amazon's 87% consumer preference rate for purchases and Walmart.com's projected $83.18 billion in U.S. retail e-commerce sales for 2024. TikTok Shop's recent success, achieving $1 billion in monthly U.S. sales, further supports this distribution strategy.

AITX reported significant achievements in 2024, marked by exponential increases in total revenue and recurring monthly revenue for the third consecutive year. Key milestones include transitioning to NVIDIA-based 4th generation technology platform, growing team size to over 100 members, and introducing RADCam, a new AI-driven residential security solution.

The company successfully expanded its enterprise sales team and strengthened its market position in AI-driven security solutions. The transition to NVIDIA hardware has improved reliability, processing speed, and scalability while reducing hardware components. RADCam units are scheduled to ship in the coming weeks, with plans to expand the residential product lineup. AITX will host an Investor Presentation on January 15, 2025, to discuss future strategies.

AITX has announced an upcoming Investor Presentation and RAD Technology Review scheduled for January 15, 2025, at 4:00 pm ET. The event will be streamed live on YouTube and social media platforms, featuring CEO/CTO Steve Reinharz and key executives who will present company progress, FY 2026 projections, and the complete RAD product roadmap.

The company, through its subsidiary RAD-I, operates in the $50 billion security and guarding services industry, offering AI-driven Solutions-as-a-Service that provide 35%-80% cost savings compared to traditional security models. RAD-I has a sales pipeline including over 35 Fortune 500 companies and develops all technologies in-house.

RAD-I, a subsidiary of Artificial Intelligence Technology Solutions (OTCPK:AITX), has secured additional orders from a top 25 nationwide healthcare provider, expanding their initial deployment of RIO™ 360 solar-powered security towers. The client is expected to order over 40 RIO 360 units across multiple locations by the fiscal year end (February 28, 2025). Operating in over 300 North American locations, the healthcare provider has shown interest in deploying standalone ROSA™ devices and potentially SARA™ systems.

The RIO 360 configuration features dual ROSA units with AI-driven security analytics, including human, firearm, and vehicle detection, license plate recognition, and responsive digital signage. RAD-I's solutions aim to provide business cost savings of 35%-80% compared to traditional security services.

Artificial Intelligence Technology Solutions (OTCPK:AITX) has announced major product launches for Q4 FY 2025 through its subsidiaries RAD-I and RAD-R. Key launches include: RADCam, an AI-powered security camera starting production in December 2024; SARA (Speaking Autonomous Response Agent) platform deployments in January 2025; AVA Generation 4 with Homeowners Association Portal launching January 2025; ROAMEO Generation 4 demonstrations in February 2025; and RADDOG LE2 preview in March 2025.

The company will host its Annual Investor Presentation on January 15, 2025, reviewing FY 2025 performance and previewing FY 2026 plans. AITX aims to redefine the $50 billion security and guarding services industry with AI-driven solutions offering 35%-80% cost savings compared to traditional security models.

Artificial Intelligence Technology Solutions (AITX) is progressing toward achieving a $10 million annual recurring revenue (ARR) run rate by the end of fiscal year 2025 (February 28, 2025), which would represent a 3x growth from FY 2024's $3.4 million ARR. During Q3 FY 2025, RAD added $105,000 in recurring monthly revenue (RMR). The company's sales funnel expanded significantly, with potential RMR opportunities reaching $1.8 million.

The growth is driven by successful products including RIO (ROSA Independent Observatory), SARA (Speaking Autonomous Responsive Agent), and RADCam. The company aims to disrupt the $50 billion security and guarding services industry, offering cost savings of 35-80% compared to traditional security models through AI-driven Solutions-as-a-Service.

AITX's subsidiary RAD-R has launched a new 'Package Theft Prevention' feature for RADCam, making it the first residential security camera with proactive theft prevention capabilities. The system uses AI technology to monitor package deliveries, notify homeowners, and activate deterrence measures including verbal warnings and sirens when unauthorized removal is detected. The feature responds to a significant market need, as package theft affected approximately 119 million packages in 2023, causing $6 billion in losses. The system includes real-time warnings, instant audible alarms, owner authorization via voice passphrase or app, and AI-powered event capture for law enforcement support.