Artificial Intelligence Technology Solutions, Inc. (AITX) shared significant updates during its annual investor presentation on January 15, 2025, highlighting exponential growth and a strategic roadmap for 2025 under the theme 'Security of Everything.' The presentation detailed impressive financial growth and ambitious revenue goals.
CEO Steve Reinharz reported that AITX achieved approximately 3x year-over-year revenue growth in fiscal Q3 and a 30% quarter-over-quarter growth rate. The company expects to exceed $6 million in revenue for fiscal year 2025 (ending February 28, 2025), representing over 250% growth from the prior year. Fiscal year 2026 revenue is projected between $12 million and $18 million.
Key operational advancements include the successful transition to the Gen 4 platform, which reduced device build times, decreased weight by 33%, and improved audio. RAD-I's Detroit factory is operating efficiently with excess capacity, and the company achieved nearly 6 million hours of autonomous device operation in 2024, equivalent to 3,400 full-time employees.
RAD-I expanded its dealer network to over 70 partners, driving momentum in key vertical markets. Plans for FY2026 include achieving full operational profitability, reducing debt, and preparing for an eventual NASDAQ uplisting. The company's SaaS-centric approach and improved sales processes are expected to bolster recurring revenue streams.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.