AITX has extended its AI‑driven firearm detection analytics to run on third‑party security cameras, a move that lifts the adoption barrier for enterprises, schools, law‑enforcement agencies, and municipalities that already own camera infrastructure.
The expansion turns a niche product that previously sold only on the company’s own RAD devices into a solution that can be deployed on the hundreds of millions of compatible cameras worldwide, effectively tripling the addressable market. By removing the need to replace existing hardware, AITX positions itself to capture a larger share of the growing AI security camera market, which is projected to reach $29.8 billion by 2032.
AITX’s new pricing model is deliberately aggressive, offering the analytics at a level that the company says makes widescale adoption possible. Chief Revenue Officer Troy McCanna noted that “high‑reliability firearm detection should be accessible to everyone and not an overly premium analytic.” The lower price point is intended to accelerate deployment across multi‑site enterprises and municipal networks, while also serving as a gateway to the company’s broader RAD product suite.
Financially, AITX has posted rapid revenue growth—$4.28 million in the nine months ended November 30 2024, a 213% increase over the same period in 2023. The company achieved profitability in Q2 FY2025, reporting over $750,000 in unaudited profit, largely driven by debt restructuring and cost control. However, the firm continues to face negative operating cash flow and a going‑concern qualification in its Q2 10‑Q, underscoring the need for sustained operational efficiency as it scales the new offering.
The AI security camera market is expanding at a 15.3% CAGR through 2031, with key players investing heavily in R&D and integration capabilities. AITX’s ability to support third‑party cameras gives it a competitive edge over rivals that remain tied to proprietary hardware, positioning the company to capture market share in both commercial and public‑safety segments.
CEO and CTO Steve Reinharz emphasized the company’s commitment to innovation, stating that the new solution “could have altered the outcome of past shooting incidents.” He added that the expansion reflects AITX’s strategy to deliver high‑performance AI analytics at a price that encourages widespread adoption.
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