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  4. [8-K] Artificial Intelligence Technology Solutions Inc. Reports Material Event

AITX (AITX) lifts revenue 26% and expands gross margin to about 71%

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Artificial Intelligence Technology Solutions, Inc. (AITX) reported preliminary, unaudited results for the fiscal year ended February 28, 2026 showing stronger growth and improved efficiency. Revenue rose by $1.61 million, or 26%, to $7.75 million, reflecting continued customer adoption and expanding recurring revenue programs.

Gross profit increased by $1.79 million, or 48%, to $5.53 million, with gross margin improving to about 71% from roughly 61%, helped by lower cost of goods sold despite higher sales. Operating expenses held essentially flat at $17.5 million, leading to an approximate $2.0 million improvement in loss from operations. Management highlighted disciplined cost control, full funding of R&D, and a focus on growing recurring, AI-driven security and productivity solutions, including its SARA platform and ROAMEO deployments.

Positive

  • Revenue growth and scale: Fiscal-year revenue increased by $1.61 million, or 26%, to $7.75 million, indicating continued customer adoption and expanding recurring revenue programs.
  • Margin and profitability improvement: Gross profit rose 48% to $5.53 million, with gross margin expanding to about 71% from roughly 61%, and loss from operations improved by approximately $2.0 million.
  • Cost discipline: Operating expenses remained essentially flat at $17.5 million despite growth initiatives, suggesting tighter cost control while keeping research and development fully funded.

Negative

  • None.

Insights

AITX posted solid revenue growth, sharp margin expansion, and a smaller operating loss.

AITX delivered preliminary fiscal-year revenue of $7.75 million, up 26%, driven by customer adoption and recurring revenue programs. Gross profit grew 48% to $5.53 million, with gross margin improving to roughly 71% as cost of goods sold declined despite higher sales.

Operating expenses stayed essentially flat at $17.5 million, producing about a $2.0 million improvement in loss from operations. Management emphasized continued funding of R&D and a strategy centered on recurring revenue from its SARA platform, stationary devices such as RIO and ROSA, and growing ROAMEO deployments.

The company also implemented a post-year-end hardware pricing adjustment of about 14%, framed as reflecting cost normalization and enhanced product capabilities. Subsequent disclosures in future periods will show how these higher prices and improving unit economics translate into cash flow and profitability trends.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenue $7.75 million Fiscal year ended February 28, 2026; up $1.61 million or 26%
Revenue increase $1.61 million (26%) Year-over-year increase in fiscal 2026 revenue
Gross profit $5.53 million Fiscal 2026; up $1.79 million or 48% year over year
Gross margin Approximately 71% Fiscal 2026; improved from approximately 61% prior year
Operating expenses $17.5 million Fiscal 2026; remained essentially flat year over year
Loss from operations improvement Approximately $2.0 million Year-over-year improvement in fiscal 2026
Hardware pricing adjustment Approximately 14% Post-year-end hardware price increase
gross margin financial
"with gross margin improving to approximately 71% compared to approximately 61% in the prior year"
Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.
recurring revenue financial
"reflecting continued customer adoption and expanding recurring revenue programs"
Revenue that a company expects to receive on a regular, predictable basis from ongoing sources such as subscriptions, service contracts, or repeat customer purchases. It matters to investors because it provides steadier cash flow and makes future earnings easier to forecast—like a landlord collecting monthly rent instead of one-off sales—supporting higher valuations and lower risk when those payments are reliable and customers tend to stay.
Solutions-as-a-Service financial
"with its AI-driven Solutions-as-a-Service model"
SOC 2 Type 2 audit regulatory
"validated through successful completion of its SOC 2 Type 2 audit"
SARA technical
"principally through its SARA™ (Speaking Autonomous Responsive Agent) platform"
forward-looking statements regulatory
"This publication contains forward-looking statements, which are not guarantees of future performance"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Revenue $7.75 million up $1.61 million or 26% year over year
Gross profit $5.53 million up $1.79 million or 48% year over year
Gross margin approximately 71% up from approximately 61% in prior year
Operating expenses $17.5 million remained essentially flat year over year
Loss from operations not stated improved by approximately $2.0 million year over year
Understanding 8-K Material Events →
false 2026-04-13 0001498148 Artificial Intelligence Technology Solutions, Inc. 0001498148 2026-04-13 2026-04-13

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 13, 2026

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)

Nevada 000-55079 27-2343603
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

10800 Galaxie Avenue
 Ferndale, Michigan, United States 48220
 (Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (877) 787-6268

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
N/A   N/A   N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

When used in this Current Report on Form 8-K, unless otherwise indicated, the terms the "Company," "our," or "we" refer to Artificial Intelligence Technology Solutions Inc. and its subsidiaries.

Item 2.02 Results of Operations and Financial Condition

On April 13, 2026, we will be issuing a press release providing preliminary, unaudited financial results for our fiscal year ended February 28, 2026 in which we reported that: (a)  Revenue for the fiscal year increased by $1.61 million, or 26%, to $7.75 million; (b) Gross Profit rose by $1.79 million, or 48%, to $5.54 million, while Gross Margins improved to approximately 71%.; (c)  Operating Expenses remained flat at $17.5 million, resulting in an approximately $2.0 million improvement in loss from operations.

The information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosure

On April 13, 2026, we will be issuing a press release titled "AITX Provides Preliminary Fiscal Year 2026 Results Highlighting Revenue Growth and Gross Profit Expansion." A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01. EXHIBITS

Exhibit No.   Description
     
99.1   April 13, 2026 Press Release
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 13, 2026 ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
     
    /s/ Steven Reinharz
  Name: Steven Reinharz
  Title: Chief Executive Officer

Exhibit 99.1

AITX Provides Preliminary Fiscal Year 2026 Results Highlighting Revenue
Growth and Gross Profit Expansion

Gross Margin Expansion and Disciplined Cost Management Contributed to Improved
Operating Results and Reduced Losses

Detroit, Michigan, April 13, 2026 - Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCID:AITXD), a global leader in AI-driven security and productivity solutions for enterprise clients, today provided preliminary, unaudited financial results for its fiscal year ended February 28, 2026, reflecting continued revenue growth, expanding gross profit, and improving operating performance.

Revenue for the fiscal year increased by $1.61 million, or 26%, to $7.75 million, reflecting continued customer adoption and expanding recurring revenue programs. Gross profit rose by $1.79 million, or 48%, to $5.53 million, significantly outpacing revenue growth and highlighting improved unit economics and cost discipline. Total cost of goods sold declined year over year despite higher revenue, contributing to gross margin expansion, with gross margin improving to approximately 71% compared to approximately 61% in the prior year. Whereas revenue and gross margin grew, operating expenses remained essentially flat at $17.5 million, as increased investment in research and development was offset by reductions in general and administrative costs, resulting in an approximately $2.0 million improvement in loss from operations.

"Certainly, heading into last fiscal year, we expected stronger revenue growth. That said we were able to navigate a particularly turbulent economy while maintaining overall improvements in various financial metrics and keep R&D fully funded. It was an important year in all aspects including how we're positioned for the current fiscal year," said Steve Reinharz, CEO/CTO and founder of AITX and all RAD subsidiaries. "I continue to see our future strongly rooted in delivery of services connected to SARA and steadily increasing ROAMEO deployments. Our stationary business, which includes fixed-position devices such as RIO, ROSA and AVA, is continuously growing, and we feel it is steady. We are focused on having the stationary business lead the Company toward positive operational cash flow as we continue to scale. We are not where we want to be yet, but the progress is real, and we remain focused on building a scalable, disciplined business."

The Company remains focused on driving long-term recurring revenue, advancing its SARA™ platform across its device portfolio, and continuing to improve operating efficiency as it scales. Subsequent to year end, the Company announced a hardware pricing adjustment of approximately 14%, reflecting both cost normalization and enhanced capabilities across its solutions.

Explore AITX's complete lineup of AI-powered solutions at www.aitx.ai/company-profile and learn how the Company is transforming security and facility management.

About Artificial Intelligence Technology Solutions, Inc. (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and drive operational efficiency. Through its family of companies, including Robotic Assistance Devices, Inc. (RAD-I), Robotic Assistance Devices Mobile (RAD-M), Robotic Assistance Devices Group (RAD-G) and Robotic Assistance Devices Residential (RAD-R), AITX develops and delivers a broad range of AI-driven technologies and services designed to transform security, automation, and operational workflows across multiple industries.

Through its primary subsidiary, RAD-I, AITX is redefining the nearly $50 billion (US) security and guarding services industry1 with its AI-driven Solutions-as-a-Service model. RAD solutions are specifically designed to deliver cost savings of between 35% and 80% compared to traditional manned security and monitoring, utilizing a suite of stationary and mobile autonomous systems that complement, and in many cases replace, human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

All of RAD's solutions are designed to integrate with leading industry platforms and workflows, including ongoing collaboration with Immix®, the trusted provider of central station and remote monitoring software, supporting broader adoption of AI-driven security across professional monitoring environments.

The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing its credibility with enterprise and government clients that require rigorous data protection and compliance standards.

AITX is led by Steve Reinharz, CEO/CTO and founder the Company and all RAD subsidiaries, who brings decades of experience in the security services industry. The broader AITX leadership and its subsidiaries draw on deep expertise across security, law enforcement, and robotics innovation, supporting the Company's ability to deliver proven, practical, and scalable solutions.

AITX and its subsidiaries maintain a robust sales pipeline that includes over 35 Fortune 500 companies, with expanding opportunities across its subsidiaries. The Company expects continued growth as these opportunities convert into deployed clients generating recurring revenue streams, with significant potential for expansion within each account.

The Company's solutions are deployed across a wide range of industries including enterprises, government, transportation, critical infrastructure, education, and healthcare.

To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.raddog.ai, www.radgroup.ai, www.saramonitoring.ai, and www.radlightmyway.com, or follow Steve Reinharz on X @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.

For purposes of the Company's disclosures, "Artificial Intelligence" refers to machine-based systems designed to operate with varying levels of autonomy that, for a given set of human defined objectives, can make predictions, recommendations, or decisions influencing real or virtual environments. In the context of the Company's business, Artificial Intelligence is deployed primarily within the security services and property management industries to support functions such as detection, analysis, prioritization, communication, and response related to safety, security, and operational events.

The Company delivers these capabilities principally through its SARA™ (Speaking Autonomous Responsive Agent) platform, which serves as the Company's primary agentic artificial intelligence system. SARA is designed to receive and process video, audio, and other sensor data, apply automated analysis and inference, and support actions in accordance with predefined operational objectives and human oversight.

Further note that the Company's Board of Directors oversees the Company's deployment of Artificial Intelligence.

###

Doug Clemons
248-270-8273
doug.c@radsecurity.com

________________________________
1 https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/

Source: View Original Filing on SEC EDGAR

FAQ

How did AITX (AITX) revenue perform in fiscal year 2026?

AITX’s revenue grew 26% to $7.75 million for the fiscal year ended February 28, 2026. This $1.61 million increase reflects continued customer adoption and expanding recurring revenue programs across its AI-driven security and productivity solutions.

What happened to AITX (AITX) gross profit and margins in fiscal 2026?

AITX’s gross profit rose 48% to $5.53 million, with gross margin improving to about 71% from roughly 61%. This improvement came as total cost of goods sold declined year over year despite higher revenue.

Did AITX (AITX) improve its operating loss in fiscal year 2026?

AITX reported flat operating expenses of $17.5 million, which helped deliver an approximately $2.0 million improvement in loss from operations. The company paired disciplined cost control with maintained funding for research and development initiatives.

What pricing changes did AITX (AITX) make after the fiscal 2026 year-end?

Subsequent to year-end, AITX announced a hardware pricing adjustment of about 14%. The company described this as reflecting cost normalization and enhanced capabilities across its AI-powered security and productivity solutions portfolio.

What strategic focus did AITX (AITX) highlight in its preliminary 2026 results?

AITX emphasized a strategy centered on long-term recurring revenue, continued advancement of its SARA platform, and growth in stationary and mobile devices such as RIO, ROSA, AVA, and ROAMEO, while working toward positive operational cash flow.

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