Earnings ·
Reports Q2 FY2027 revenue of $1.99M, up 5% year-over-year and 8% sequentially
AITXArtificial Intelligence Technology Solutions Inc.
Artificial Intelligence Technology Solutions reported fiscal second quarter results ending August 31, 2026, with total revenue reaching $1,985,604. This represents a 5% increase from the prior-year period's $1,888,749 and an 8% sequential rise from the first quarter of fiscal 2027. Revenue excluding the company's largest customer hit a record $1,627,444, up 61% year-over-year. Gross profit was $1,063,301, or 54% of revenue, after accounting for a $270,987 non-cash inventory write-down related to a discontinued product line; excluding this charge, gross margin improved to 67%. The company continues to implement an expanded cost-reduction program aimed at achieving monthly operating cash breakeven by January 2027. Artificial Intelligence Technology Solutions is a developer and operator of AI-driven security and productivity solutions for enterprise clients.