Artificial Intelligence Technology Solutions Inc. | 10-Q: FY2026 Q1 Revenue: USD 1.855 M

Revenue: As of FY2026 Q1, the actual value is USD 1.855 M.

EPS: As of FY2026 Q1, the actual value is USD 0.

Segment Revenue

• Total Revenue: $1,854,837 for the three months ended May 31, 2025, an increase of 57% from $1,182,800 for the same period in 2024.
• Device Rental Activities: $1,627,286 for the three months ended May 31, 2025, up 66% from $980,536 in 2024.
• Direct Sales of Goods and Services: $227,551 for the three months ended May 31, 2025, up 13% from $202,264 in 2024.

Operational Metrics

• Gross Profit: $1,233,501 for the three months ended May 31, 2025, an increase of 80% from $685,334 in 2024.
• Operating Expenses: $4,412,170 for the three months ended May 31, 2025, up 25% from $3,518,590 in 2024.
• Loss from Operations: - $3,178,669 for the three months ended May 31, 2025, compared to - $2,833,256 in 2024.
• Net Loss: - $4,594,018 for the three months ended May 31, 2025, compared to - $4,194,359 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $3,321,185 for the three months ended May 31, 2025, compared to - $3,045,831 in 2024.
• Net Cash Used in Investing Activities: - $9,720 for the three months ended May 31, 2025, compared to - $21,728 in 2024.
• Net Cash Provided by Financing Activities: $2,789,777 for the three months ended May 31, 2025, compared to $3,154,736 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue growing its product line and customer base, with a focus on increasing rental activities which have shown significant growth.
• Funding Strategy: Management is committed to raising either non-dilutive or minimally dilutive funds and has entered into an equity financing agreement to raise up to $30,000,000 over a two-year period.
• Operational Adjustments: The company is taking proactive measures to reduce operating expenses and drive growth in revenue to address its financial situation.