Substantial doubt about the company's ability to continue as a going concern.
“These factors raise a substantial doubt about the Company's ability to continue as a going concern for the twelve months following the issuance of these financial statements.”
AITX reported Q1 FY2027 total revenue of $1.83M (down ~1% YoY) as a ~59% drop from its largest customer offset ~52% YoY growth from other customers; management expects Q2 revenue to exceed Q1 by more than 10%, while operating loss, operating cash use, and operating expenses all narrowed.
Global mining conglomerate customer 3
Production ramp 2
Quarterly results and outlook 2
Rio expansion 2
Management tone
Confident
Net tone +82 · low hedging
Grounding quotes
“And now we're starting to get traction because the tech is working properly.”
“I'm feeling great about the units that we have out there. I'm feeling great about our team. And I'm feeling great about RadM and Romeo in general.”
“Pretty exciting there.”
“we've got to ramp up production and that's what we're in the process of doing”
Forward guidance
1 guided metrics
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Research coverage
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Hello everybody, I'm Steve Reinhardt, CEO, CTO, and founder of Artificial Intelligence Technology Solutions. We trade as a penny stock on the otcmarkets.com. You can find us through a number of brokers, and I am really, really happy that you are here. We're going to talk a little bit about the company and keep this party going. Let's get right into it. Some results, momentum, them, the five-vehicle Romeo order, headed to a global mining conglomerate, and more Rio expansion. There's stuff to talk about. Among my favorite things to talk about, sales. Now, the biggest sales news that's come around here for a while is a five Romeo order to a big company in South Africa that has mines all over the world. And it's a fascinating deal. Very cool folks over there. So that's great. That is really, really great. I'm telling you, I'm talking to Romeo prospects. I'm getting a lot of encouragement and feedback about it. I'm feeling great about the units that we have out there. I'm feeling great about our team. And I'm feeling great about RadM and Romeo in general. I think it can make a really big impact on a company as I think a lot of people watching know. And now we're starting to get traction because the tech is working properly. we've got to ramp up production and that's what we're in the process of doing i'll probably do more on that another time but in the meantime five romeo order love it i highly recommend that you check out this week's press releases we talked about the q1 results which you should know and you should know how that sets us up for q2 and the rest of the year important we talked about the romeo five unit order just delightful to read check it out we talked about the four rio unit order as well delightful read it but on monday you're going to see another press release out and it's going to you know the 8k will be filed before the market opens so i can share it on this saturday's weekly video that you're watching right now but there's another five real order that will be posted via 8k and press and i'm bringing that to your attention now because that is from our largest customer. Pretty exciting there. We'll see how that goes. Everybody, thanks for paying attention on this video. I hope you're doing great. We're going to keep working.
