AITX Q2 FY2027: Revenue Excluding Largest Customer Up 61% Year-Over-Year; Revenue Up 8% Sequentially
AITX reported Q2 FY2027 revenue of $1.99 million, up 5% year-over-year and 8% sequentially, with record revenue excluding its largest customer of $1.63 million, up 61% YoY. Customer concentration improved sharply: the largest customer fell to 18% of revenue from 46% a year ago, and the top five customers now represent about 50% of revenue versus 73% previously. The quarter still carried a $2.68 million operating loss (including a $271K inventory write-down), and management targets monthly operating cash breakeven in January 2027 via an expanded cost-reduction program saving over $350K/month from February.
Key figures
- Revenue
- 1985604
- Guidance
- Monthly operating cash breakeven targeted for January 2027; all-in cash breakeven in Q2 calendar 2027; cost/cash savings exceeding $350,000/month from February 2027
- Revenue Yoy
- 5%
- Gross margin
- 54%
- Gross profit
- 1063301
- Recurring revenue
- 1765293
- Recurring run rate
- $7.1 million
- Inventory write down
- 270987
- Loss from operations
- 2680396
- Recurring revenue pct
- 89%
- Loss from operations q
- 2409409
- Largest customer revenue
- 358160
- Gross margin ex writedown
- 67%
- Revenue ex largest customer
- 1627444
- Top5 customer concentration
- 50% vs 73% prior year
- Largest customer pct of revenue
- 18%
- Revenue ex largest customer yoy
- 61%
AI analysis
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