AITX restructures over $4.5M in debt for less than 10%, targets Q2 FY2026 profit

Artificial Intelligence Technology Solutions Inc.

Settled over $4.5M in debt for less than 10% of the amount owed, recording a significant one-time accounting gain.
Targets net profitability in Q2 FY2026 (began June 1, 2025) using the gain plus recurring revenue growth and expense control.
CEO Steve Reinharz: eliminating $4.5M debt is a major milestone; emphasis on recurring revenue and operational discipline.
Subsidiary RAD has prospective sales pipeline of over 35 Fortune 500 companies, expecting conversions to recurring revenue.

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