Artificial Intelligence Technology Solutions Inc. (AITX) received approval to increase authorized common stock by 15,000,000,000 shares, from 12,000,000,000 to 27,000,000,000. Chief Executive Officer and sole director Steven Reinharz approved the amendment by written consent as holder of all Series E Preferred Stock, representing approximately 66.67% of total voting power; no further stockholder approval is required.
The increase itself does not change outstanding shares or existing holders’ rights. AITX reports 914,347,362 common shares outstanding as of October 20, 2026, and says it has no present plans to issue the newly authorized shares except for shares reserved for conversion of outstanding convertible notes and convertible preferred stock. Future non-pro-rata issuances would dilute ownership and voting power. The amendment cannot be filed until at least 20 calendar days after the information statement is first mailed and takes effect upon acceptance by Nevada’s Secretary of State.
Artificial Intelligence Technology Solutions Inc. (AITX) announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), secured orders for 12 devices across its RIO Mini, ROSA and TOM product lines. The orders include five ROSA units for a Midwest construction site, three ROSA units for customer projects including commercial property security, two RIO Mini units for separate sites serving an existing construction-sector customer, and two TOM units for an existing global logistics customer.
The release’s cautionary section separately describes seven devices as the units ordered, differing from the 12-unit total and product-level counts in the order description. It also states that orders do not confirm delivery, deployment, customer acceptance, recognized revenue, recurring revenue, customer profitability or positive cash flow.
Artificial Intelligence Technology Solutions, Inc. (AITX) reported fiscal Q2 FY2027 revenue of $1,985,604 for the quarter ended August 31, 2026, up 5% year over year and 8% sequentially. Revenue excluding its largest customer reached a record $1,627,444, up 61% year over year and 11% sequentially; that customer represented 18% of revenue, versus 46% a year earlier. Device-rental revenue was $1,765,293, or 89% of total revenue. Gross profit was $1,063,301, or 54%, including a $270,987 non-cash inventory write-down; excluding it, gross profit was $1,334,288, or 67%.
Loss from operations was $2,680,396. Excluding the write-down, the operating loss narrowed 11% sequentially to $2,409,409 from $2,709,364 in the fiscal first quarter. Management expects the expanded cost and cash savings program to exceed $350,000 per month from February 2027, and expects monthly operating cash breakeven in January 2027 and all-in cash breakeven in the second calendar quarter of 2027. The RAIA launch remains on track for fiscal Q3 and is expected in the coming weeks.
Artificial Intelligence Technology Solutions Inc. reported revenue of $1,985,604 for the three months ended August 31, 2026, compared with $1,888,749 a year earlier. It recorded a net loss of $6,838,473, versus net income of $763,064. For the six months ended August 31, 2026, revenue was $3,816,806 and net loss was $12,554,310, compared with revenue of $3,743,586 and net loss of $3,830,953 in the prior-year period.
For the six months, net cash used in operating activities was $4,820,842 versus $5,400,554; cash at August 31, 2026 was $220,275. Loans payable were $37,212,329 and negative working capital was $55,894,870. AITX said these factors raise substantial doubt about its ability to continue as a going concern for the twelve months following issuance, and that it does not anticipate positive operating cash flow in the near future. Under an equity financing agreement entered into June 23, 2026, an investor will purchase up to $10,000,000 of common stock at a discount over a three-year period; approximately $9.8 million remained to issue. Management said it cannot assure it will raise funds and is in talks with its primary debt holder to extend maturities on most non-convertible debt.
Artificial Intelligence Technology Solutions, Inc. (AITX) projects monthly operating cash breakeven beginning in January 2027, with monthly revenue exceeding cash operating costs excluding debt service and device builds. It projects all-in cash breakeven during the second calendar quarter of 2027, including scheduled debt service and anticipated device builds; timing depends heavily on inventory cash needs. This is one month later than its December 2026 operational cash-flow objective.
Cash-spend reductions are expected to reach approximately $345,000 per month in January 2027 and exceed $350,000 per month beginning in February, measured against the August 2026 monthly expense run rate. They include expense cuts and payment-timing changes; deferred salary remains payable. Projections assume approximately 2.7% monthly revenue growth, modest January contributions from SARA and ROAMEO, no RAIA revenue, and a modest RAIA contribution beginning in spring 2027 for the all-in projection.
The milestones are management estimates, not achieved results or GAAP profitability. AITX says it has not been profitable in any fiscal year, reports negative working capital and a stockholders’ deficit, and its auditor’s report expresses substantial doubt about its ability to continue as a going concern. Cash on hand is insufficient to fund operations for an extended period without additional financing, which may be unavailable or dilutive.
Artificial Intelligence Technology Solutions Inc. (AITX), through its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), engaged security industry veteran Tom Reilly effective October 19, 2026, to develop and execute strategy for systems-integrator and distribution channels. He will build channel programs and an operating model, work with RAD’s sales organization, analyze existing channels, and prepare strategic account plans for the largest guarding and facility-services companies in North America. His first deliverable is a channel strategy with measurable milestones.
AITX expects partners to contribute much of RAD’s next growth phase and says the plan supports its goal of positive operating cash flow in December 2026 by adding partner-driven revenue without adding fixed cost. The company cautions that the engagement itself establishes no partnership, customer relationship, order or revenue, and that the cash-flow goal is a management objective, not an assurance. It also cites its history of operating losses and substantial doubt about its ability to continue as a going concern; the strategy may require added expenditures or operating-model changes.
Artificial Intelligence Technology Solutions Inc. (AITX) announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), secured an order for seven ROSA units from a new municipal customer in a major Midwest city. A longstanding RAD channel partner facilitated the order. The units are expected to be positioned throughout a civic plaza to detect and deter loitering, trespassing and suspicious behavior.
AITX says ROSA includes SARA agentic AI as a standard feature. SARA is designed to evaluate detected events and initiate responses under established instructions, including escalation to designated personnel. The order alone does not establish installation, operation or revenue generation. AITX also lists its history of operating losses and substantial doubt about its ability to continue as a going concern among risks to future performance.
Artificial Intelligence Technology Solutions Inc. (AITX), through its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), said RAD received an additional RIO 180 order from an established property management customer. The customer is repositioning an existing unit and adding a second unit at a vacant property to improve sight lines. Cumulative orders in the customer relationship represent close to two dozen RIO units.
AITX cautioned that the cumulative order history is not a count of units currently deployed, active or generating revenue, and does not establish current contract value, recognized revenue, recurring revenue or future demand.
Artificial Intelligence Technology Solutions Inc. (AITX) announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), secured an order for a third ROAMEO autonomous security patrol vehicle from a longtime global logistics client. The client’s first ROAMEO is deployed and fully operational; its second is scheduled for deployment during October 2026, and the newly ordered third unit is expected by calendar year-end. This is the client’s second additional ROAMEO order announced in approximately eight weeks.
The logistics client plans to use the latest unit in security services for a leading cosmetics manufacturer. AITX describes ROAMEO as designed to reduce patrol costs compared with manned patrols, while cautioning that actual savings, if any, depend on site-specific conditions, deployment configurations, service requirements and whether existing patrol duties can be reassigned or reduced.