Artificial Intelligence Technology Solutions Inc. amended its quarter ended May 31, 2026 report to correct prior disclosures about authorized common stock. Authorized common stock actually remained 27,500,000,000 shares (total capitalization 27,520,000,000) at quarter‑end and on July 10, 2026; the previously approved Authorized Share Decrease to 12,000,000,000 common shares became effective only on July 15, 2026 after Nevada filed the Certificate of Amendment. The company states the error was administrative, did not affect assets, liabilities, revenues, net loss, equity, or EPS, and does not require financial statement restatement, though disclosure controls were reassessed.
For the three months ended May 31, 2026, revenue was $1,831,202 (mostly device rentals), with a net loss of $5,715,838. Operating loss narrowed, but interest expense of $2,298,874 and a $707,600 loss on debt settlement deepened the bottom‑line loss. Cash was only $94,643, total assets $9.1M, versus total liabilities of $64.7M, producing a stockholders’ deficit of $56.1M and negative working capital of $41.9M. Net cash used in operations was $2.76M.
Management concludes there is substantial doubt about the company’s ability to continue as a going concern over the next twelve months. Loans payable total $35.7M, about 91% owed to companies controlled by one individual, plus a deferred variable payment obligation tied to revenues. An equity financing agreement permits sales of up to $10,000,000 of common stock over three years, all still available. As of July 13, 2026, 432,030,200 common shares were outstanding.
Artificial Intelligence Technology Solutions Inc. (AITX) amended its FY 2026 annual report to correct capital stock disclosures. Authorized common stock actually remained 27,500,000,000 shares (total authorized capitalization 27,520,000,000 shares) as of February 28 and June 1, 2026; the Authorized Share Decrease to 12,000,000,000 common shares (total 12,020,000,000 shares) became effective only on July 15, 2026.
AITX develops AI-driven security and robotic solutions, delivering stationary devices, mobile ROAMEO patrol units, and the SARA agentic AI platform primarily under recurring Solutions-as-a-Service subscriptions. Approximately one thousand devices are deployed across North America, and the company also pursues platform licensing and residential offerings.
Risk disclosures are severe. The independent registered public accounting firm cites substantial doubt about AITX’s ability to continue as a going concern, noting recurring net losses (recent net loss of about $14.5 million), an accumulated deficit exceeding $171 million, negative stockholders’ equity, reliance on external financing, heavy related-party debt, OTC Pink listing, and significant dilution risk with 387,232,589 common shares outstanding as of June 1, 2026.
Artificial Intelligence Technology Solutions, Inc. reduced its authorized common stock from 27,500,000,000 to 12,000,000,000 shares through a Certificate of Amendment that became effective when accepted by the Nevada Secretary of State on July 15, 2026. Total authorized capitalization is now 12,020,000,000 shares, consisting of 12,000,000,000 common and 20,000,000 preferred shares, each with a par value of $0.00001.
The company explains that earlier periodic reports had already reflected the lower 12,000,000,000-share authorization even though the amendment had not yet been filed, and the true authorized common stock remained 27,500,000,000 shares during that period. It plans Form 10-K/A and Form 10-Q/A amendments to correct the disclosed authorized share counts and states it does not believe the error affected previously reported financial statement metrics, while management evaluates disclosure controls and procedures.
Artificial Intelligence Technology Solutions, Inc., through its Robotic Assistance Devices (RAD) subsidiary, announced an order for five ROAMEO autonomous security patrol vehicles from a globally recognized mining and natural resources company for deployment at mining locations in South Africa.
Each ROAMEO is priced at $9,000 per month under a 36-month term, implying potential recurring monthly revenue of approximately $45,000 and an aggregate contract value of $1.62 million if all units are deployed and perform for the full initial term. The order is described as an important commercial step for ROAMEO and extends the company’s reach into large-scale international mining operations. However, definitive contracts have not yet been executed, and deployment—expected to begin during calendar 2027—remains subject to contract execution, manufacturing, logistics, site preparation, and customer acceptance.
Artificial Intelligence Technology Solutions, Inc. reported reviewed but unaudited Q1 FY2027 results for the quarter ended May 31, 2026. Revenue was $1.83 million, down about 1% year over year and 8% from the prior quarter as sales to the largest customer declined sharply.
Revenue from all other customers rose about 52% year over year and 16% sequentially, while gross margin was 65%. Operating expenses fell 12%, narrowing loss from operations to $2.71 million, but net loss increased to $5.72 million due to higher non-operating costs. Operating cash use improved 17% to $2.76 million, and cash stood at $94,643. Management highlighted early recurring revenue from the SARA agentic AI platform (about $10,000 in June) and two ROAMEO units, expects Q2 revenue to exceed Q1 by more than 10%, and is targeting at least one month of positive operating cash flow during calendar 2026.
Artificial Intelligence Technology Solutions Inc. reported results for the three months ended May 31, 2026. Revenue was $1.83 million, slightly below $1.85 million a year earlier, with gross profit of $1.18 million. Operating expenses fell to $3.89 million from $4.41 million, narrowing the operating loss to $2.71 million.
Heavy financing costs drove a larger bottom-line loss: interest expense was $2.30 million and loss on settlement of debt $0.71 million, resulting in a net loss of $5.72 million versus $4.59 million. Cash used in operations was $2.76 million, ending cash was only $94,643, and loans payable totaled $35.72 million, 91% owed to entities controlled by one individual. Total liabilities of $64.72 million far exceed assets of $9.08 million, producing a stockholders’ deficit of $56.10 million and negative working capital of $41.89 million. Management states these conditions raise substantial doubt about the ability to continue as a going concern and is relying on continued debt support and an equity financing agreement allowing up to $10 million of future common stock sales.
Artificial Intelligence Technology Solutions, Inc. (AITX) filed an 8-K to furnish a press release describing the next phase of its Physical AI Security strategy. The company is combining ROAMEO, a fully autonomous outdoor security patrol vehicle, with its SARA agentic AI platform to create a coordinated security operation.
ROAMEO is designed to provide continuous, unmanned patrols in large and complex environments, detecting unusual activity and extending coverage for enterprise, government, logistics, critical infrastructure and similar sites. SARA evaluates events, communicates with people on site, notifies personnel, escalates incidents and documents activities in real time.
The company highlights growing commercial activity, a ramp in ROAMEO production, and a backlog and active customer engagements that management believes support continued expansion of autonomous security solutions. AITX notes a robust sales pipeline with over 35 Fortune 500 companies and positions its AI-driven Solutions-as-a-Service model as a way to transform traditional manned guarding.
Artificial Intelligence Technology Solutions, Inc. (AITX) filed an 8-K to highlight a new deployment of its RAD ROSA security solution at a VIP parking facility supporting 2026 FIFA World Cup matches in Kansas City, Missouri.
The ROSA unit, delivered through a RAD authorized dealer, provides AI-driven video monitoring, two-way audio, analytics, and autonomous response to help manage high-traffic, restricted-access environments. The filing also reiterates AITX’s focus on AI-based security and productivity solutions delivered via its subsidiaries and its strategy of building recurring revenue from large enterprise clients.
Artificial Intelligence Technology Solutions, Inc. (AITX) announced that Frost & Sullivan has featured the Company in a Transformational Growth Leadership discussion on the rise of Physical AI Security. The piece highlights how AITX’s subsidiary RAD and its SARA™ agentic AI platform support AI-managed security operations, autonomous response, and intelligent orchestration.
The discussion builds on Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award previously given to RAD for autonomous robots. AITX describes targeting the nearly $50 billion US security and guarding services industry with AI-driven Solutions-as-a-Service that can reduce security costs by an estimated 35% to 80% and notes a sales pipeline including over 35 Fortune 500 companies.
Artificial Intelligence Technology Solutions, Inc. reported that its Robotic Assistance Devices (RAD) unit received additional orders from existing healthcare and construction customers. The orders include three RIO™ 180 solar-powered security trailers for healthcare facilities in California and two RIO Mini units for a large East Coast construction project, each integrated with the Company’s SARA™ agentic AI platform.
The Company states these follow-on orders come from sites facing ongoing security issues such as unauthorized access and trespassing and are expected to meaningfully add recurring monthly revenue once deployed. Management highlights growing customer confidence in RAD’s AI-driven security model, which aims to replace or supplement traditional guarding with autonomous, Solutions-as-a-Service offerings that can scale across complex projects.