---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-002555"
form_type: "8-K"
ticker: "AITX"
cik: "0001498148"
company_name: "Artificial Intelligence Technology Solutions Inc."
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:32:35.771084+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AITX reports 2.7x growth in recurring revenue, extends $10.8M debt maturity

## Summary
- RMR for Q3 FY24 reached $416,062, up 2.7x from $154,628 in Q3 FY23.
- SG&A expenses decreased 9% to $9.04M for nine months ended Nov 30, 2023 vs $9.93M prior year.
- Extended maturity of ~$10.8M debt by two years; reclassified to long-term with no additional compensation.
- Management plans to add two salespeople to accelerate sales growth.
- No full income statement disclosed; net income or EPS not provided in this release.

## SEC filing metadata
- accession: 0001493152-24-002555
- form_type: 8-K
- ticker: AITX
- cik: 0001498148
- company_name: Artificial Intelligence Technology Solutions Inc.
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498148/000149315224002555/0001493152-24-002555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498148/000149315224002555/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-002555
- JSON: https://secwatch.observer/filing/0001493152-24-002555.json
- Plain text: https://secwatch.observer/filing/0001493152-24-002555.txt

## Key facts
- Earnings Releases
  Artificial Intelligence Technology Solutions Inc. reported financial results for the three months ended November 30, 2023.
  - Period: the three months ended November 30, 2023
  - Result: reported results
  source text: On January 17, 2024, we will be issuing a press release titled "AITX Announces Strong Financial Growth with 2.7x Increase in Recurring Revenue, SG&A Expense Reduction and Debt Extensions in Latest 10-Q Filing", which press release is attached hereto as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498148/000149315224002555/0001493152-24-002555-index.htm

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