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AITX Files Q3 FY 2026 10-Q Highlighting Stronger Financial Execution
Globenewswire· 2026-01-15 13:40
Core Insights - The company reported a 34% year-over-year revenue growth, reaching approximately $5.75 million for the first nine months of fiscal 2026, with gross profit increasing by 36% to nearly $3.9 million, indicating improved revenue quality and operational execution [1][3][6]. Financial Highlights - **Revenue Growth**: Revenue for the first nine months of fiscal 2026 was approximately $5.75 million, a 34% increase compared to the same period last year [3]. - **Gross Profit Growth**: Gross profit increased by 36% to nearly $3.9 million, outpacing revenue growth and reflecting better revenue quality and cost discipline [3]. - **Operating Cash Flow**: Cash used in operating activities improved by approximately $1.4 million year over year, indicating tighter operational controls [4]. - **Inventory Efficiency**: Inventory turnover increased to 1.38 times from 0.71 times in the prior year, showing faster product movement and efficient working capital management [4]. - **Debt Reduction**: The company reduced total debt by approximately $5.0 million, lowering outstanding debt from about $32.8 million to $27.8 million [5]. Operational and Strategic Updates - The company undertook targeted actions to refine spending priorities and streamline operations, contributing to improved gross profit performance and reduced working capital requirements [7][8]. - Management's focus on disciplined execution and financial control is evident in the operational improvements reflected in the Q3 financial results [6]. Outlook - The company expects to maintain positive operational momentum through the remainder of fiscal year 2026, focusing on expanding its installed base and improving production and deployment efficiency [9]. - Management aims to achieve operational positive cash flow around May 2026 while maintaining a disciplined approach to growth and cost control [9]. About the Company - Artificial Intelligence Technology Solutions, Inc. (AITX) is a leader in AI-driven security and productivity solutions, aiming to redefine the $50 billion security and guarding services industry with innovative solutions that provide significant cost savings [11]. - The company’s primary subsidiary, Robotic Assistance Devices, Inc. (RAD), offers a suite of robotic solutions designed to complement or replace human personnel in security roles, achieving cost savings of 35%-80% compared to traditional manned security [11]. Additional Information - The company has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for future business growth [14]. - AITX's operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [12].
Artificial Intelligence Technology Solutions, Inc. ($AITX) to File Q3 FY 2026 10-Q Today
Globenewswire· 2026-01-14 13:40
Quarterly Filing a Day Earlier Than Previously Stated to be Followed by CEO Interview and Investor Q&A at 4:05 PM ET Detroit, Michigan, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced that it will file its Quarterly Report on Form 10-Q for the third quarter of fiscal year 2026 today, January 14, 2026. Shortly afterwards, the Company will premiere a previously ...
Eastern Bank Announces Owen Security Solutions As A Commercial Banking Customer
Businesswire· 2026-01-13 18:30
Founded in 1818, Eastern Bank is Greater Boston's leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of September 30, 2025, Eastern had approximately $25.5 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, which includ ...
AITX Retains National PR Firm as Market Awareness Accelerates
Globenewswire· 2026-01-13 13:40
Company Aligns Communications Strategy with Growing Industry and Investor Interest Detroit, Michigan, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced that it has engaged a national public relations firm to expand awareness of the Company across the media, financial markets, and investor community. The engagement is intended to elevate understanding of AITX’s bu ...
Allot Ltd. initiated with an Overweight at Cantor Fitzgerald
Yahoo Finance· 2026-01-13 12:25
Core Viewpoint - Cantor Fitzgerald initiated coverage of Allot Ltd. (ALLT) with an Overweight rating and a price target of $15, highlighting the company's transition to a security-first consumer company with Security as a Service (SECaaS) as the main growth driver [1] Group 1: Company Transition and Growth - Allot is moving from being a mature network intelligence vendor to focusing on security services, indicating a strategic shift in its business model [1] - The primary growth driver for Allot is identified as SECaaS, which is expected to enhance the company's fundamentals and recurring revenue [1] Group 2: Market Position and Valuation - Despite the strong momentum and carrier-led wins, Allot's shares are trading at a significant discount compared to its peers, suggesting potential for growth and a re-rating of its market multiple [1] - The analyst notes that the combination of improving fundamentals and rising recurring revenue positions Allot for renewed growth [1]
Cantor Fitzgerald Initiates Allot Communications With Overweight Rating
Financial Modeling Prep· 2026-01-12 21:55
Core Viewpoint - Allot Communications is transitioning from a network-intelligence provider to a security-focused consumer company, with security-as-a-service (SECaaS) as the main growth driver [1] Group 1: Financial Performance - SECaaS accounted for 28% of Allot's revenue, with annual recurring revenue increasing by 60% year over year in Q3 2025 [2] - Cantor Fitzgerald expects SECaaS to exceed 60% of total revenue over time, driven by carrier-led distribution and rising demand for security offerings [2] Group 2: Strategic Developments - Recent contract wins, including partnerships with Verizon Business and a large Tier-1 EMEA SG-Tera III deployment, provide multi-year visibility and potential upside to forecasts [3] - Allot's current trading valuation is approximately 3.8x estimated FY26 EV/sales, significantly lower than peers at around 7.4x [3] Group 3: Growth Potential - Expanding recurring revenue, high incremental margins at scale, and multiple growth catalysts support the potential for renewed growth and a valuation re-rating [3]
TG-17(OBAI) - Prospectus(update)
2026-01-12 16:23
As filed with the Securities and Exchange Commission on January 12, 2026. Registration No. 333-290750 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No. 4 REGISTRATION STATEMENT Under The Securities Act of 1933 TG-17, Inc. (Exact name of registrant as specified in its charter) incorporation or organization) Classification Code Number) Identification Number) Nevada 4899 83-1751618 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer 85 Broa ...
AITX Announces Measurable and Disciplined Operating Expense Reductions
Globenewswire· 2026-01-12 13:40
Core Insights - The company has implemented disciplined operating expense reductions year over year, reflecting a shift towards tighter execution and improved operational control as it prepares for the end of its fiscal year on February 28, 2026 [1][2] Financial Management - Over the past nine months, the company has streamlined operations and aligned spending with near-term execution goals, resulting in a more mature operating posture and responsible financial management [2] - Payroll expenses are expected to decrease from approximately $760,000 per month in 2025 to about $630,000 starting March 1, 2026, due to workforce realignment and delayed investments [3] - Additional monthly operating expense reductions of approximately $50,000 have been achieved through improved purchasing practices and vendor management, positively impacting cash flow [3] Strategic Focus - The company has paused further R&D investments in its HERO and RADDOG mobile robotic initiatives while transitioning ROAMEO™ into active production, concentrating efforts on initiatives that drive near-term impact [4] - The CEO emphasized that these changes are aimed at reducing cash flow burn and achieving operational cash flow positive performance around May 2026 [5] Industry Position - The company operates within the nearly $50 billion US security and guarding services industry, offering AI-driven solutions that can save businesses between 35%-80% compared to traditional manned security [6] - The company has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [10] Operational Validation - The company's operations and internal controls have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [7]
AITX Q3 Results Highlights and Q&A Scheduled for January 15 Release
Globenewswire· 2026-01-07 13:40
Results and Investor Q&A to Be Released in Lieu of Investor Presentation Detroit, Michigan, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced its fiscal Q3 results are expected to be filed on January 15, 2026. Concurrently, a comprehensive investor interview featuring CEO/CTO and founder Steve Reinharz will be published that will review Q3 highlights as well as d ...
AITX Q3 Results Highlights and Q&A Scheduled for January 15 Release
Globenewswire· 2026-01-07 13:40
Results and Investor Q&A to Be Released in Lieu of Investor Presentation Detroit, Michigan, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced its fiscal Q3 results are expected to be filed on January 15, 2026. Concurrently, a comprehensive investor interview featuring CEO/CTO and founder Steve Reinharz will be published that will review Q3 highlights as well as d ...