AITX Defines Four Internal Breakeven Milestones
AITX defined four internal breakeven milestones, targeting monthly operating cash breakeven in January 2027 -- a one-month slip from its prior December 2026 target. The company's fiscal Q2 revenue was $1,985,604, up 5% year over year, with an 89% recurring-revenue mix, and it expanded planned monthly cash cost cuts to more than $350,000 including 24 total positions eliminated.
Key figures
- Revenue
- 1985604
- Guidance
- Milestone 1 (monthly operating cash breakeven) targeted for January 2027, moved from December 2026; Milestone 2 targeted March-April 2027
- Revenue Yoy
- 5%
- Cash on hand
- 220275
- Accumulated deficit
- 184084880
- Net loss six months
- 12554310
- Stockholders deficit
- 61690773
- Gross margin reported
- 54%
- Monthly cash burn avg
- 803000
- Recurring revenue share
- 89%
- Working capital deficit
- 55894870
- Gross margin ex writeoff
- 67%
- Q2 revenue sequential growth
- 8%
- Monthly cost reduction target
- 350000
- Largest customer revenue share
- 18% (down from 46%)
- Net cash used operating six months
- 4820842
AI analysis
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