AITX Q2 revenue up 44% YoY to $386,363; gross profit rises 27%

Artificial Intelligence Technology Solutions Inc.

2024-Q2 EPS reported $0.00 revenue$771,571

Revenue of $386,363 for Q2 FY2024, up 44% from $267,484 a year ago.
Gross profit increased 27% to $297,349; operating expenses decreased 2% YoY.
Company plans cost-cutting initiatives to reduce monthly expenses by ~$150,000.
Strongest RAD sales funnel in history; independent contractor program launched.
RAD expects positive cash flow as cost savings take effect in Q4 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Artificial Intelligence Technology Solutions Inc. reported three months ended August 31, 2023 results: revenue $386,363.

Period: three months ended August 31, 2023
Revenue: $386,363
Result: reported results

Exact text from the filing

For the quarter ending August 31, 2023, the Company reported revenues of $386,363, a strong 44% increase from the $267,484 generated in the same quarter of the previous fiscal year.

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Source: SEC EDGAR

accession 0001493152-23-037100

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