Artificial Intelligence Technology Solutions Inc. | 10-Q: FY2026 Q2 Revenue: USD 1.889 M

LB filings
2025.10.15 15:27
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Revenue: As of FY2026 Q2, the actual value is USD 1.889 M.

EPS: As of FY2026 Q2, the actual value is USD 0.

EBIT: As of FY2026 Q2, the actual value is USD -1.011 M.

Segment Revenue

  • Total Revenue: $1,888,749 for the three months ended August 31, 2025, compared to $1,344,183 for the same period in 2024, representing a 41% increase.
  • Device Rental Activities: $1,695,471 for the three months ended August 31, 2025, compared to $1,065,898 for the same period in 2024, representing a 59% increase.
  • Direct Sales of Goods and Services: $193,278 for the three months ended August 31, 2025, compared to $278,285 for the same period in 2024, representing a 31% decrease.

Operational Metrics

  • Gross Profit: $1,344,865 for the three months ended August 31, 2025, compared to $1,001,091 for the same period in 2024, representing a 34% increase.
  • Operating Expenses: $3,654,024 for the three months ended August 31, 2025, compared to $3,614,965 for the same period in 2024, representing a 1% increase.
  • Loss from Operations: -$2,309,159 for the three months ended August 31, 2025, compared to -$2,613,874 for the same period in 2024, representing a 12% decrease in loss.
  • Net Income (Loss): $763,064 for the three months ended August 31, 2025, compared to -$3,930,323 for the same period in 2024, representing a significant improvement.

Cash Flow

  • Net Cash Used in Operating Activities: -$5,400,554 for the six months ended August 31, 2025, compared to -$6,433,906 for the same period in 2024.
  • Net Cash Used in Investing Activities: -$10,420 for the six months ended August 31, 2025, compared to -$77,868 for the same period in 2024.
  • Net Cash Provided by Financing Activities: $4,868,020 for the six months ended August 31, 2025, compared to $6,948,981 for the same period in 2024.

Unique Metrics

  • Revenue Earning Devices: $5,348,428 net of accumulated depreciation as of August 31, 2025, compared to $4,539,180 as of February 28, 2025.
  • Fixed Assets: $237,653 net of accumulated depreciation as of August 31, 2025, compared to $258,328 as of February 28, 2025.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue growing its core business of rental activities, which saw a 59% increase in revenue for the three months ended August 31, 2025, compared to the same period in 2024.
  • Non-Core Business: The company is focusing on reducing operating expenses and driving growth in revenue to address its financial situation, including raising non-dilutive or minimally dilutive funds and extending non-convertible debt.
  • Priority: Management is committed to raising funds through equity proceeds and issuing non-convertible debt, with a focus on maintaining operations and achieving positive cash flow from operations in the near future.
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