Artificial Intelligence Technology Solutions (OTC: AITX) Reports Strong Q3 FY 2025 Financial Results
The AI sector is presently one of the hottest, and a company from the sector that was in the news yesterday was Artificial Intelligence Technology Solutions Inc. (OTC: AITX). The company, along with Robotic Assistance Devices Inc., its fully owned subsidiary unit, announced the financial results for the third fiscal quarter of 2024, which ended on November 30, 2024.
Strong Growth
In the above-mentioned quarter, the company delivered strong performance and continued with its considerable revenue growth. Moreover, the company also managed to make a successful transition to the Gen 4 (fourth generation) platform, which was a further demonstration of Artificial Intelligence Technology Solutions’ leading position in the innovative AI space. It was also revealed that on January 15 it was going to broadcast its Annual Investor Presentation on its YouTube channel at 4 PM Eastern Time.
Financial Performance
In the nine-month period that ended on November 30, 2024, Artificial Intelligence Technology Solutions reported revenues of $4,277,951, and that reflected a 213% rise from the $1,386,363 that it had reported in the corresponding period in 2023. The strong growth was also an illustration of the strong and continued market adoption of its innovative AI-powered robotic security and safety products.
CEO Quote
“We’re thrilled to continue to deliver financial results that bring us ever closer to our immediate goal of bringing AITX to full operational positive cash flow, which we believe we will achieve in calendar year 2025 with continued sales growth and the new solutions coming along despite some SG&A increase,” said Steve Reinharz, CEO and CTO of AITX and its four subsidiaries. “The significant revenue increase highlights the market’s growing trust in our solutions, while the transition to our fourth-generation platform positions us to scale faster and deliver even more value to our clients.”
Technicals
| +/- EMA(20) | 0.0033 (+3.03%) |
| +/- SMA(50) | 0.0029 (+17.24%) |
| +/- SMA(200) | 0.0038 (-10.53%) |
| 5-Day Perf. | -10.53% |
| 1-Month Perf. | +30.77% |
| 3-Month Perf. | +21.43% |
| 6-Month Perf. | -32% |
| YTD Perf. | +41.67% |
| 1-Year Perf. | -2.86% |
| RSI(14) | 54.52 |
| ATR(14) | – |
| ADX(14) | 40.38 |
| Beta (5Y) | 33.41 |
