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Artificial Intelligence Technology Solutions Inc (AITX) |
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Price: $0.0026
$0.00 
-3.704%
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| Day's High:
| $0.0027
| Week Perf:
| -10.34 %
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| Day's Low: |
$ 0.00 |
30 Day Perf: |
-35 % |
| Volume (M): |
75,901 |
52 Wk High: |
$ 0.01 |
| Volume (M$): |
$ 197 |
52 Wk Avg: |
$0.00 |
| Open: |
$0.00 |
52 Wk Low: |
$0.00 |
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| Market Capitalization (Millions $) |
28 |
| Shares
Outstanding (Millions) |
10,650 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
2 |
| Net Income (TTM) (Millions $) |
-21 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
0 |
Artificial Intelligence Technology Solutions Inc
Artificial Intelligence Technology Solutions Inc is a company that specializes in developing and providing artificial intelligence-based solutions. They leverage advanced algorithms and machine learning techniques to solve complex problems and automate processes. Their solutions are designed to improve efficiency, accuracy, and productivity in various industries, ranging from healthcare to finance. With a team of skilled experts, they aim to revolutionize the way businesses operate and enable them to stay competitive in the AI-driven world.
Company Address: 10800 Galaxie Avenue Ferndale 48220 MI
Company Phone Number: 787-6268 Stock Exchange / Ticker: AITX
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| Stock Performances by Major Competitors |
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| Artificial Intelligence Technology Solutions Inc
Artificial Intelligence Technology Solutions Inc (AITX) recently released its financial results for the December to February 29, 2024, time-frame. These results reveal a mix of promising and concerning figures, leaving investors and analysts speculating on how they might impact the company's future.
Revenue Surges Amidst Challenging Times:
AITX witnessed a remarkable surge in revenue, with figures skyrocketing by 162.862% to $0.73 million when compared to the same period a year ago. Moreover, the company displayed sequential improvement, with a 21.931% increase from $0.60 million in the previous financial reporting period. These figures indicate that AITX successfully capitalized on its market opportunities and achieved notable growth despite a challenging operating environment.
Net Losses Widen:
However, AITX also experienced a significant increase in its net losses. The company recorded a net loss of $-7.427 million for the December to February 29, 2024, financial period, surpassing the $-5.179 million losses reported a year earlier. Such a substantial widening of net losses raises concerns about the company's ability to effectively manage its finances and ultimately achieve profitability.
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| Artificial Intelligence Technology Solutions Inc
During the past 7 days, the stock of Artificial Intelligence Technology Solutions Inc (AITX) has dropped by 0%. Currently, the stock is trading approximately 40.7% below its 52-week average.
Looking at the financial span closing November 30, 2023, AITX reached a break-even point of $0.00 per share, which is the same as the previous year. The revenue, however, showed significant growth, jumping by 48.355% to $0.60 million compared to $0.40 million in the same reporting season a year before. Sequentially, revenue surged by 54.513% from $0.39 million.
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| Artificial Intelligence Technology Solutions Inc
Artificial Intelligence Technology Solutions Inc (AITX) has recently witnessed a significant decrease in share value, with a decline of -12.5% over the last five trading days. Considering that this brings the year-to-date performance to -37.5%, investors are questioning how this will impact the company moving forward. To gain a better understanding, let's delve into the financial results of AITX and explore the implications of these findings on the company's future prospects.
Financial Results Overview:
For the fiscal period ending on August 31, 2023, AITX achieved a break-even point of $0.00 per share, which remained unchanged from the previous year and the preceding reporting season. Although the company did not experience any losses, it also did not generate any profits. This stability suggests that AITX will need to focus on improving its earnings to enhance investor confidence.
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| Artificial Intelligence Technology Solutions Inc
Artificial Intelligence Technology Solutions Inc recently reported its financial results for the period of March to May 31, 2023. Despite reaching the break-even point, the company's revenue only increased by 0.013% to $0.39 million compared to the same reporting season a year prior. While the company trails behind its contemporaries in the Auto & Truck Parts sector, it did observe a business growth of 7.87% during the first quarter of 2023. This growth represents a significant improvement from the previous reporting season.
Financial Results:
During the March to May 31, 2023 fiscal interval, Artificial Intelligence Technology Solutions Inc reported a net deficit of $-4.555 million, as opposed to a deficit of $-4.672 million in the comparable reporting season a year ago. Despite this deficit, the company managed to break-even due to cost-cutting measures and an improved financial position.
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| Artificial Intelligence Technology Solutions Inc
As a journalist, it is important to keep track of financial reports and analyze the results to make sense of the numbers presented. In the case of Artificial Intelligence Technology Solutions Inc (AITX), the financial fourth quarter of 2023 showed a gain of zero dollars per share, compared to a loss of $0.01 per share a year ago and the previous financial reporting period. This is a promising sign, indicating that the company is making strides towards profitability.
However, the revenue for the quarter fell by 26.1% to $0.41 million compared to the same period last year. This is not ideal, and raises questions about what led to the decrease in revenue. Nonetheless, there was a sequential increase of 2.905% from the previous reporting period, indicating some potential for growth.
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| Earnings (TTM) |
-0 $ |
| Revenues (TTM) |
0 $
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| Cash Flow (TTM) |
- |
| Cash |
0 $
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| Book Value |
-
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| Dividend (TTM) |
0 $ |
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| Earnings (TTM) |
-0 $
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| Revenues (TTM) |
0 $ |
| Cash Flow (TTM) |
- |
| Cash |
0 $
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- |
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0 $ |
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