Artificial Intelligence Technology Solutions Inc. (AITX) Form 8-K — Oct 21, 2026
AITX reported Q2 FY2027 revenue of $1,985,604, up 5% year-over-year and 8% sequentially, with record revenue excluding its largest customer of $1,627,444, up 61% YoY. Customer concentration improved sharply, with the largest customer falling to 18% of revenue from 46% a year ago. Gross margin was 54% including a $270,987 inventory write-down on the discontinued residential camera line, or 67% excluding it, while the quarterly operating loss narrowed 11% sequentially to $2.41 million ex-write-down.
Key figures
- Revenue
- 1985604
- Net Income
- 0
- Gross margin
- 54%
- Gross profit
- 1063301
- Opex six months
- 7636884
- Recurring revenue
- 1765293
- Inventory write down
- 270987
- Recurring revenue pct
- 89%
- Opex six months change
- -5%
- Largest customer revenue
- 358160
- Gross margin ex writedown
- 67%
- Revenue prior year quarter
- 1888749
- Revenue ex largest customer
- 1627444
- All in cash breakeven target
- second calendar quarter 2027
- Loss from operations quarter
- 2680396
- Annualized recurring run rate
- $7.1 million
- Targeted monthly cost savings
- $350,000+ per month from February 2027
- Largest customer pct of revenue
- 18%
- Loss from operations six months
- 5389759
- Operating cash breakeven target
- January 2027
- Revenue ex largest customer yoy growth
- 61%
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