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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): November
12, 2026
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
000-55079 |
|
27-2343603 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
10800
Galaxie Avenue, Ferndale,
Michigan 48220
(Address
of principal executive offices) (Zip Code)
(877)
787-6268
(Registrant’s
telephone number, including area code)
N/A
(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
Symbol(s) |
|
Name
of each exchange on which registered |
| None |
|
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. ☐
Item
7.01 Regulation FD Disclosure.
On
November 12, 2026, Artificial Intelligence Technology Solutions Inc. (the “Company”) issued a press release reporting preliminary,
unaudited billed recurring monthly revenue (“billed RMR”) of its wholly owned subsidiary, Robotic Assistance Devices, Inc.,
for August, September and October 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated by reference into this Item 7.01.
As
stated in the press release, billed RMR is an operating metric that is not prepared in accordance with U.S. generally accepted accounting
principles (“GAAP”), is not revenue and is not a substitute for revenue reported in the Company’s financial statements.
The billed RMR figures are preliminary and unaudited and may change materially. The annualized billed recurring revenue run rate in the
press release equals October 2026 billed RMR multiplied by 12 and is not a forecast of annual billings, GAAP revenue or cash collections.
The Company reported total revenue of $1,985,604 for the quarter ended August 31, 2026 in its Quarterly Report on Form 10-Q filed on
October 20, 2026.
The
information in this Item 7.01, including Exhibit 99.1, is being furnished and 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 into any filing under the Securities Act of 1933, as amended (the “Securities
Act”), or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific
reference in such filing. The furnishing of this information shall not be deemed an admission as to the materiality of any information
in this Item 7.01 that is required to be disclosed solely by reason of Regulation FD.
Cautionary
Note Regarding Forward-Looking Statements
This
Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking statements, including statements regarding billed RMR in
future periods; the future contributions of the Company’s stationary device portfolio, ROAMEO, SARA and RAIA; the anticipated benefits
of concentrating engineering resources on those programs; expected operating cost reductions; and the Company’s internal cash flow
targets. These statements are subject to significant risks and uncertainties, including those described under “Cautionary Disclosure
About Forward Looking Statements” in Exhibit 99.1 and in the Company’s Annual Report on Form 10-K for the fiscal year ended
February 28, 2026, as amended, and its Quarterly Report on Form 10-Q for the quarter ended August 31, 2026, each of which reports substantial
doubt about the Company’s ability to continue as a going concern. Actual results may differ materially. Because the Company’s
common stock is a “penny stock,” the safe harbor for forward-looking statements under the Private Securities Litigation Reform
Act of 1995 is not available to the Company. Except as required by law, the Company undertakes no obligation to update any forward-looking
statement.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| 99.1 |
|
Press
release of Artificial Intelligence Technology Solutions Inc., dated November 12, 2026 (furnished herewith) |
| 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.
| |
ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
| |
|
|
| |
By: |
/s/ Steve Reinharz |
| |
Name: |
Steve Reinharz |
| |
Title: |
Chief Executive Officer |
| |
Date: |
November 12, 2026 |
Exhibit
99.1
AITX’s RAD Reports Preliminary 12.4% Two-Month Increase in Billed Recurring Monthly Revenue Driven by Stationary Devices
Preliminary
Figures Show Two Months of Growth Entirely from the Established Stationary Portfolio, with ROAMEO, SARA and RAIA Representing Future
Growth Opportunities
Detroit,
Michigan, November 12, 2026 — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX),
a developer and operator of AI-driven security and productivity solutions for enterprise clients, today announced that its wholly owned
subsidiary, Robotic Assistance Devices, Inc. (RAD), grew billed recurring monthly revenue (billed RMR) by 12.4% over two months,
with all growth generated by its stationary device portfolio. Billed RMR reached $663,906 in October 2026, up $73,409 from $590,497 in
August 2026. October’s billing level represents an annualized billed recurring revenue run rate of nearly $8.0 million. These preliminary,
unaudited figures are based on the Company’s internal accounting records and may change upon completion of the Company’s
quarterly review.
RAD’s
billed RMR growth accelerated during the first two months of the Company’s third fiscal quarter, which runs from September through
November 2026. Billed RMR increased $33,804, or 5.7%, in September and $39,605, or 6.3%, in October. October delivered both a larger
dollar increase and a higher percentage gain on an already expanded recurring billing base.
“Our
core stationary business is delivering, with October producing an even stronger increase in recurring billings than September,”
said Steve Reinharz, CEO/CTO and founder of AITX and RAD. “We are expanding the recurring billing base while lowering the cost
of operating the business. That is progress on both sides of the equation, and it is how we intend to close the gap to positive operational
cash flow.”
The
entire increase was generated by RAD’s standard stationary device portfolio, strengthening the Company’s established recurring
subscription base. This growth was achieved without contributions from ROAMEO™, SARA™ or RAIA™,
which the Company views as future growth opportunities.
“Our
stationary business is building the recurring revenue foundation for our next stage of growth,” Reinharz added. “As we outlined
in our November 10 roadmap update, we are concentrating engineering resources on SARA, RAIA and the continued advancement of ROAMEO.
We see these as three pillars of future growth, supported by an established business that is delivering results today. Leadership means
making hard choices about priorities and having the resolve to see them through. We have made those choices, and we are determined to
turn that focus into a larger, stronger recurring revenue business.”
About
Billed RMR
Billed
RMR is the net recurring subscription revenue billed to customers each month and collectible under standard payment terms. RAD primarily
offers its solutions through monthly subscriptions, typically with a minimum contract term of 12 months.
Billed
RMR is an operating metric, is not prepared in accordance with U.S. GAAP and has not been reconciled to any GAAP measure in this release.
It is not a substitute for revenue reported in the Company’s financial statements.
The
billed RMR figures in this release are preliminary and unaudited, based on the Company’s internal accounting records and subject
to change upon completion of its quarterly review. Final figures may differ materially.
About
Artificial Intelligence Technology Solutions, Inc. (AITX)
AITX
is a developer and provider 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 PURSUON, Inc. (formerly RAD-M), Robotic Assistance
Devices, Inc. (RAD-I), Robotic Assistance Devices Residential (RAD-R), Robotic Assistance Devices Group (RAD-G), and Robotic Assistance
Devices Lanka (Private) Limited (RAD Lanka), 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 U.S. security and guarding services industryi 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 primarily developed in-house.
All
of RAD’s solutions are designed to integrate with leading industry platforms and workflows, including an integration with Immix®,
a provider of central station and remote monitoring software.
The
Company has completed a SOC 2 Type 2 examination covering the controls, system scope and review period described in the related report,
a form of independent attestation frequently requested by enterprise and government clients that require documented data protection and
compliance practices.
AITX
is led by Steve Reinharz, CEO/CTO and founder of the Company and all 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 practical and scalable solutions.
The
Company’s solutions are deployed across a wide range of industries including enterprises, government, transportation, critical
infrastructure, education, and healthcare.
i
https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/
To
learn more, visit www.aitx.ai, www.radsecurity.com, www.pursuon.com, www.radgroup.ai, www.saramonitoring.ai,
www.radlightmyway.com, and www.stevereinharz.com, or follow Steve Reinharz on X @SteveReinharz. Information contained
on, or accessible through, the foregoing websites and social media accounts is not incorporated by reference into, and does not form
a part of, this press release or any of the Company’s filings with the Securities and Exchange Commission.
Cautionary
Disclosure About Forward Looking Statements
This
press release contains forward looking statements, including statements regarding continued growth in billed recurring monthly revenue;
the future contributions of the Company’s stationary device portfolio, ROAMEO, SARA and RAIA; the anticipated benefits of concentrating
engineering resources on those programs; expected operating cost reductions; the Company’s internal targets for monthly operating
cash breakeven; the Company’s efforts to narrow the gap to positive operational cash flow and build a larger recurring revenue
business.
These
statements reflect management’s current expectations and assumptions and are subject to significant risks and uncertainties. Actual
results may differ materially. The growth reported for September and October 2026 may not continue, and the Company may not achieve or
sustain positive operational cash flow.
The
annualized billed recurring revenue run rate presented in this release is calculated by multiplying October 2026 billed RMR by 12. It
illustrates the annual equivalent of that month’s billing level and is not a forecast of annual billings, revenue recognized under
U.S. GAAP or cash collections. Billed amounts may not be collected when anticipated or in full. The underlying figures are preliminary
and unaudited and may change materially following the Company’s quarterly review.
Risks
include customer concentration of the Company’s revenue in its largest customer, which has reduced its spending since December
2025, cancellations or non-renewals; delays in deployments, billing or collections; changes in pricing, product mix or margins; development,
integration, production or commercialization delays; customer adoption below expectations; cost reductions being delayed, smaller than
anticipated or offset by other expenditures; staffing or resource reductions affecting execution, service or retention; and debt service,
inventory purchases, deferred compensation and other cash requirements exceeding expectations. The availability and terms of financing
may also affect the Company’s ability to execute its plans.
Readers
should not place undue reliance on forward looking statements, which speak only as of the date of this release. Except as required by
law, the Company undertakes no obligation to update them. This release does not constitute an offer to sell or the solicitation of an
offer to buy securities. The Company does not qualify for the statutory safe harbor for forward looking statements under the Private
Securities Litigation Reform Act of 1995.
Certain
Information Regarding the Company’s Financial Condition
The
Company has not been profitable in any fiscal year of its operating history and has reported significant operating losses, negative working
capital and a stockholders’ deficit. Its independent auditor’s report expresses substantial doubt regarding its ability to
continue as a going concern. The Company’s cash on hand is insufficient to fund operations for an extended period without additional
financing. Such financing may not be available on acceptable terms or at all and may substantially dilute existing stockholders.
The
Company’s previously described operating cash breakeven measure compares recognized revenue with operating cash payments and excludes
debt service and inventory purchases for device builds. Progress toward that objective does not establish GAAP profitability or eliminate
financing needs, deferred obligations or other cash requirements.
Investors
should review the Company’s Annual Report for the fiscal year ended February 28, 2026, as amended, its Quarterly Report for the
period ended August 31, 2026, and subsequent filings with the Securities and Exchange Commission for additional information regarding
its financial condition, financing arrangements and risks.
###
Doug
Clemons, Chief Marketing Officer
248-270-8273
doug.c@radsecurity.com
