{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-024775","form_type":"8-K","ticker":"AITX","cik":"0001498148","company_name":"Artificial Intelligence Technology Solutions Inc.","filed_at":"2023-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.096353+00:00","generated_at":"2026-06-13T06:59:59.087481+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AITX reports Q1 gross profit $293,697 (+221% YoY), margin 76%, plans $30M equity raise","bullets":["Gross profit $293,697 vs $91,433 in Q1 FY2023; gross margin up to 76% from 24%.","Operating expenses $3.24M, down 10% YoY; stock-based comp and wages reduced.","Plans to raise up to $30M via share issuance over next year for growth and debt reduction.","Orders for 29 ROSA units and 6 AVA access control solutions; added 6 dealers.","Won contract with HPS GPO covering 4,300+ members in 33 states; deployments at hospital and Fox TV show."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-024775","json":"https://secwatch.observer/filing/0001493152-23-024775.json","markdown":"https://secwatch.observer/filing/0001493152-23-024775.md","text":"https://secwatch.observer/filing/0001493152-23-024775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498148/000149315223024775/0001493152-23-024775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498148/000149315223024775/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:59:59.087481+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a4ccf6a3a3e9ad8e29b7007539cf8c55f538869f","claim":"Artificial Intelligence Technology Solutions Inc. reported financial results for Q1 FY 2024 (three months ended May 31, 2023).","evidence_excerpt":"today reported a gross profit of $293,697, representing a significant increase compared to the same quarter last year (Q1 FY 2023), which recorded a gross profit of $91,433. This demonstrates a year-over-year (YoY) growth of approximately 221%. AITX is a ‘fully reporting SEC company that files detailed annual and quarterly reports with the SEC. The Company’s first quarter of FY 2024 began March 1, 2023, and ended May 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498148/000149315223024775/0001493152-23-024775-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 FY 2024 (three months ended May 31, 2023)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}