---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037100"
form_type: "8-K"
ticker: "AITX"
cik: "0001498148"
company_name: "Artificial Intelligence Technology Solutions Inc."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:58:59.966662+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-037100
- form_type: 8-K
- ticker: AITX
- cik: 0001498148
- company_name: Artificial Intelligence Technology Solutions Inc.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498148/000149315223037100/0001493152-23-037100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498148/000149315223037100/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037100
- JSON: https://secwatch.observer/filing/0001493152-23-037100.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037100.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498148/000149315223037100/0001493152-23-037100-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.