AITX Extinguishes Almost $5 Million of Debt, Targets FY Q2 Profit
Detroit, Michigan, Aug. 11, 2025 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc. (the 'Company') (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced its outlook on its financial results for the second quarter of its fiscal year 2026, which ends on August 31, 2025, specifically, the Company expects to report net profitability for the quarter, primarily driven by a significant one-time accounting gain from a recent debt settlement.
The Company successfully settled more than $4.5 million in legacy debt for less than 10% of the balance owed. The resulting one-time accounting gain is anticipated to be the key factor in achieving net profitability for the quarter and strengthens the Company balance sheet by reducing its overall debt burden. This news follows the strong operational results reported in the Company's Q1 FY 2026 filing, which included a 57% increase in revenue and an 80% increase in gross profit compared to the same period in the prior year. The Company remains focused on accelerating growth in its core business and achieving sustainable, operational profitability.
'This debt settlement is a crucial step in strengthening our financial foundation,' said Steve Reinharz, the Company's CEO/CTO and founder, 'While the one-time gain will drive our net income for the quarter, our management team remains laser-focused on generating consistent, long-term operational profitability. We are confident in our strategy to expand our high-margin recurring revenue streams and deliver sustained value for our shareholders.'
For a comprehensive look at AITX's business, technology, and market trajectory, the Company recently released an updated Company Profile. Investors and stakeholders are encouraged to review the document for additional insight into AITX's strategy and ongoing growth initiatives.
AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industryi through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com , www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on X @SteveReinharz .
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the 'Company'). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. There is no guarantee that the Company will achieve operational cash flow positive status, or meet the projected financial results discussed herein. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
###
Steve Reinharz949-636-7060
@SteveReinharz
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News24
25 minutes ago
- News24
‘Utterly astounded': Court grants Old Mutual access to firm's office after shock revelations
An Old Mutual insurance unit wants answers after guarantees were issued in its name in Europe. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
Yahoo
42 minutes ago
- Yahoo
Japan's economy grows at a 1% pace in the last quarter despite Trump's higher tariffs
TOKYO (AP) — The Japanese economy grew at a better than expected 1% annual pace in the last quarter, boosted by exports that held up despite U.S. President Donald Trump's higher tariffs. The U.S. has imposed a 15% tax on imports from Japan. That's higher than before for some products but down from the 25% tariff Trump announced earlier. Real gross domestic product, or GDP, which measures the total value of a nation's goods and services, expanded 0.3% in the fiscal first quarter compared to the previous quarter, beating analysts' estimates. It was Japan's fifth straight quarter of growth. Japan's exports grew 2.0% in the period, according to preliminary data from the Cabinet Office. A 90-day pause on higher tariffs for most goods and most trading partners enabled companies to rush some exports to try and beat the higher import duties. But the 15% tariffs took effect as of last week, closing that window. A surge in visits by foreign tourists has also helped, though it has also raised resentment among some Japanese upset over various aspects of dealing with outsiders. Apart from exports, capital investment rose 1.3% from a year earlier, helping to drive faster growth. But consumer spending remained relatively weak, growing just 0.2%. Prices have been rising steadily while wages have stagnated. The stronger than expected economic performance in the last quarter raises the likelihood that Japan's central bank may push ahead with raising its benchmark interest rate from its longstanding level near zero to help cap inflation. The higher tariffs that Trump has imposed to try to get companies to increase manufacturing in the United States have added to pressure on Prime Minister Shigeru Ishiba, who is facing calls to resign after the ruling Liberal Democrats and their coalition partner the Komeito failed to win majorities in both houses of the parliament.
Yahoo
43 minutes ago
- Yahoo
Ether Just 3% From ATH as Bitcoin Rallies on ‘Supportive Momentum'
Bitcoin (BTC) has mounted another attempt for a fresh all-time record climbing near $123,000, a four-week high during the Wednesday U.S. session. Two previous attempts, spiking to $122,300 on Monday and topping $123,000 on July 14, were met with heavy selling, knocking down prices intraday below $120,000 on both occasions. Ethereum's ether (ETH) was also inching closer to its 2021 peak of $4,865, trading at $4,750 and just 3% shy from that record. Ether continued its recent outperformance, ahead 4.5% over the past 24 hours against 2.3% for BTC. The crypto rally extended to major altcoins, with Solana's SOL (SOL) advancing 5% above $200, Uniswap's (UNI) and Hyperliquid's (HYPE) native tokens also rallied 5%-6%. Broader capital markets are providing "supportive momentum" with the S&P 500 and Nasdaq hovering near all-time highs, "buoyed by the softer inflation signals and speculation of Fed easing," said Joel Kruger, market strategist at LMAX Group. The current macro backdrop has rarely been more favorable for risk assets, 10x Research noted in a Wednesday report. "With credit spreads tightening and loan growth turning up, the conditions for a sustained rally are falling into place," the authors said. The report noted that the Federal Reserve has been reluctant to cut interest rates, but when the central bank pivots, investors will rotate capital into higher-beta risk assets fast. Market participants now see over 90% probability for a 25 basis point cut in the September meeting, but pressure is ramping up on policymakers to consider deeper easing. "Bitcoin and equities are both responding early, but the market still isn't fully pricing what's coming," the report said. Sign in to access your portfolio
