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AITX Surges to New Billing Record in October
Newsfile· 2025-11-25 13:40
Core Insights - AITX achieved its highest billing results in October 2025, invoicing approximately $762,000, a 20% increase from $609,000 in September 2025, positioning the company towards a potential $10 million annual recurring revenue run rate as RAD technology adoption rises [1][3][4] Financial Performance - October 2025 billing reached $762,000, up from $609,000 in September, marking a 20% month-over-month growth [1][3] - The company is on track to potentially reach positive operational cash flow by spring 2026, driven by rising recurring revenue and expanding client deployments [4] Business Model and Market Position - AITX operates within the nearly $50 billion security and guarding services industry, offering AI-driven Solutions-as-a-Service that can save businesses between 35%-80% compared to traditional manned security [4][8] - The company’s solutions are designed to replace or complement human personnel in environments better suited for machines, enhancing operational efficiency [4][8] Subsidiary Contributions - October's record performance is attributed solely to the subsidiaries Robotic Assistance Devices, Inc. (RAD-I) and Robotic Assistance Devices Residential, Inc. (RAD-R), with additional revenue expected from RAD-G and SARA™ as deployments progress [3][4] Leadership and Expertise - AITX is led by Steve Reinharz, who has extensive experience in the security services industry, supported by a team with backgrounds in security leadership, law enforcement, and robotics innovation [6][8] Sales Pipeline - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, with expectations to convert existing sales opportunities into deployed clients generating recurring revenue [7]
AITX Inks Major Logistics Expansion for Full RAD Product Line
Newsfile· 2025-11-13 13:40
Core Viewpoint - Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) have initiated a significant expansion in logistics by securing a major order from a global logistics client, marking the beginning of a broader rollout of their RADTown solutions [1][5]. Company Developments - The client has placed an initial order that includes various RAD devices and software, indicating a shift from traditional manned guarding to a technology-first model [3][4]. - The order consists of two AVA™ devices, one TOM unit, one ROAMEO™ mobile security vehicle, one SARA™ license, and multiple subscriptions for centralized oversight and workflow automation [3][6]. - This expansion is part of a long-term strategy by the client to consolidate security and workflow functions within the RADTown framework, with additional phases expected as new sites come online [4][5]. Industry Context - RADTown is positioned as an AI-powered security ecosystem designed for organizations requiring consistent security performance across extensive networks, offering potential savings of 35% to 80% compared to traditional labor-based security models [6][7]. - The security and guarding services industry is valued at nearly $50 billion, and AITX aims to redefine this market through its innovative, AI-driven Solutions-as-a-Service business model [7][8]. Leadership and Expertise - AITX is led by experienced professionals, including CEO/CTO Steve Reinharz, who has extensive experience in the security services industry, and other key figures with backgrounds in law enforcement and robotics innovation [9][10]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue streams [10][11]. Technological Advancements - AITX's solutions are designed to enhance operational efficiency and reduce costs, allowing organizations to focus on strategic tasks while improving situational awareness [11]. - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for handling customer data, which enhances its credibility with enterprise and government clients [8].
AITX's RAD Closes October with Strong Sales and Expanding Market Presence
Newsfile· 2025-11-05 13:40
Core Insights - AITX's RAD has experienced strong sales activity in the first two months of Q3 FY2026, securing numerous device orders and software license agreements, indicating a robust market presence and demand for AI-driven security solutions [1][3][5] Sales and Market Activity - RAD has contracted orders for 64 devices, including eight proof-of-concept deployments, and 46 software licenses for products like SARA, RADGuard™, and Firearm Detection [3] - The company has expanded its dealer network by adding six new authorized dealers and two independent channel partners, enhancing its market reach [3][5] Financial Performance and Growth - The company is positioned for a strong finish to the quarter, with expectations of recurring monthly revenue growth and operational cash flow positivity [5][6] - RAD's solutions offer cost savings of 35%-80% compared to traditional manned security services, appealing to a wide range of businesses [6] Leadership and Expertise - The company is led by experienced professionals in the security industry, including CEO Steve Reinharz, who emphasizes the importance of RAD's technology in the current market [5][8] - The leadership team includes individuals with backgrounds in law enforcement and security industry innovation, reinforcing the company's credibility and capability [8] Future Prospects - RAD has a prospective sales pipeline involving over 35 Fortune 500 companies, indicating significant potential for future business growth [9] - The company is actively pursuing new technologies and partnerships to further expand its market impact [6][9]
AITX's RAD Signs Propertysec as Master Distributor to UK
Newsfile· 2025-10-22 12:40
Core Viewpoint - AITX's subsidiary RAD has appointed Property Security Services PSS Ltd. (Propertysec) as the Master Distributor for the UK, marking a significant step in RAD's international expansion strategy and enhancing its global footprint in AI-powered security solutions [2][4][5]. Company Overview - AITX, through RAD, is innovating within the nearly $50 billion US security and guarding services industry by offering AI-driven Solutions-as-a-Service, which can provide cost savings of 35%-80% compared to traditional manned security models [9]. - RAD's technology suite includes various AI-powered solutions such as ROSA™, RIO™, ROAMEO™, RADCam™ Enterprise, and SARA™, aimed at modernizing security practices and enhancing safety [2][4]. Strategic Partnerships - The partnership with Propertysec is expected to leverage their expertise in securing vacant and high-risk properties, aligning with RAD's mission to redefine physical security through intelligent automation [2][6]. - This appointment follows RAD's earlier announcement of Technon Cyber as the Master Distributor for Latin America, indicating a broader strategy for global growth [4]. Market Positioning - Propertysec, founded by industry veteran Justin Quigley, is recognized for its innovative approaches to property protection and crime prevention, making it a suitable partner for RAD in the UK market [6][8]. - The collaboration aims to introduce advanced technologies that not only monitor but also actively respond to security threats, addressing the evolving needs of the UK market [8]. Leadership and Expertise - AITX and RAD are led by experienced professionals, including CEO/CTO Steve Reinharz, who has extensive experience in the security services industry, and a team with backgrounds in law enforcement and robotics innovation [12][14]. - The combined expertise of RAD and Propertysec is expected to deliver significant results for clients while enhancing RAD's presence in a mature security market [8][12].
AITX Quarterly Report Filed, Revenue & Gross Profit Up Approximately 50%, Debt Down over $7 Million Versus Prior Year First Six Months
Newsfile· 2025-10-15 12:40
Core Insights - The company reported a net profit of approximately $765,000 for Q2 FY 2026, marking a significant achievement in profitability driven by a favorable debt settlement and operational improvements [4][7][9] Financial Performance - Revenue for the six months ended August 31, 2025, reached $3,743,586, reflecting a 48% increase from $2,526,983 in the prior year [3] - Gross profit increased by 53% to $2,578,366 from $1,686,425 in the comparable period, attributed to higher-value deployments and improved cost efficiencies [4] - Total debt and accrued interest were reduced by approximately $7.3 million during the six months, with estimated annual interest savings of around $640,000 [5] - Operating cash flow improved by $1,033,352, decreasing from $6,433,906 in the prior year to $5,400,554, indicating tighter cost controls and stronger collections [5] Operational Efficiency - Inventory turnover increased to 0.88 times compared to 0.4 times in the prior year, indicating faster product movement and more efficient utilization of working capital [6] - The company has seen steady execution of its growth strategy, with higher-value deployments expanding across sectors such as logistics, healthcare, and critical infrastructure [8] Strategic Outlook - The company expects to maintain positive momentum through the second half of fiscal year 2026, focusing on achieving operational positive cash flow during or shortly after the fiscal third quarter [9] - With a growing base of deployed units and a strong order pipeline, the company is positioned for strengthened financial stability and continued growth potential entering calendar year 2026 [9] Industry Context - The company operates within the nearly $50 billion security and guarding services industry, offering AI-driven solutions that provide cost savings of 35%-80% compared to traditional manned security [11] - The company’s innovative solutions are designed to streamline operations and enhance ROI across various sectors, including government, transportation, and healthcare [16]
AITX's RAD Sees Q3 Sales Momentum Build as Orders Flow from Multiple Industries
Newsfile· 2025-10-09 12:40
Core Insights - AITX's subsidiary RAD has experienced significant sales momentum in Q3 2025, with new orders across various industries including healthcare, retail, construction, banking, and property management, indicating a growing market adoption of AI-driven security solutions [1][8] Sales Activity - Since September 1, 2025, RAD has secured multiple new orders, including two ROSA™ units for a security services firm in Michigan, two ROSA units with SARA™ for a luxury student housing complex, and a RIO™ 180 unit for a residential property management company in California [3][4] - Additional orders include units for a global logistics provider and a major diagnostics company, showcasing RAD's penetration into diverse sectors [3][5] Order Summary - The Q3 FY2026 order summary includes various devices: 2 ROAMEO Gen 4, 9 ROSA, 3 RIO 360, 4 RIO 180, 11 RIO Mini, and 10 RADGuard Licenses, totaling 54 devices/licenses [6][7] Market Position - The company is positioned as a leader in the AI-driven security and monitoring solutions market, with a focus on scaling production and converting demand into recurring revenue growth [8][10] - AITX's solutions are designed to provide cost savings of 35%-80% compared to traditional manned security services, indicating a strong value proposition in the security industry [10][15] Leadership and Expertise - AITX is led by experienced professionals in the security services industry, including CEO Steve Reinharz and President Mark Folmer, who bring extensive expertise to the company [12][13] Future Prospects - RAD has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue generation [14]
AITX's RAD and Immix Deepen Partnership with Feature-Rich Technology Integration to Boost Operator Efficiency and Accelerate AI Adoption
Newsfile· 2025-09-30 12:40
Core Insights - Immix and Robotic Assistance Devices (RAD) are collaborating to develop an integration that enhances the functionality of RAD's security devices with the Immix platform, aiming to meet customer demand for improved control and real-time insights [1][3][4] Company Overview - Immix is a global provider of software that enhances the management and response capabilities of commercial central stations and monitoring centers, with a focus on video-centric managed services across various markets [9] - Artificial Intelligence Technology Solutions, Inc. (AITX), through its subsidiary RAD, is innovating within the $50 billion security and guarding services industry, offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional manned security [10][14] Integration Features - The integration will provide real-time situational awareness through live video streams and actionable alarms, enabling operators to assess threats accurately and efficiently [5] - Enhanced interactive functionalities will allow operators to take deterrent measures, such as triggering alarms or communicating with individuals on-site, thereby increasing the effectiveness of remote monitoring [6] - The integration aims to improve operational efficiency by facilitating device configuration retrieval and supporting features like video playback and health checks for devices [6] Future Automation - The collaboration is strategically important for establishing a technical foundation that supports future automation and AI solutions, particularly RAD's SARA (Speaking Autonomous Responsive Agent) which automates incident management and operator dispatch [7][8] - Both companies are actively engaged in the development process, with expectations to deliver immediate value to customers while advancing the security industry towards Agentic AI [8] Leadership and Expertise - RAD is led by experienced professionals in the security services industry, including CEO Steve Reinharz, who has a strong background in security technology and innovation [12] - The RAD team includes experts with extensive experience in law enforcement and security, reinforcing the company's capability to deliver effective solutions [12] Market Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing sales opportunities are converted into deployed clients [13]
AITX's RAD ROSA Expansion Order Follows RIO Success Across National Deployments
Newsfile· 2025-09-26 12:40
Core Insights - AITX's subsidiary RAD has received a new order for a stand-alone ROSA security device from a major client, expanding its deployment following successful tests with RIO units across the nation [1][3] - The RAD ecosystem encourages clients to adopt multiple solutions, enhancing security capabilities and operational efficiency [3][5] Company Overview - AITX, through RAD, is innovating within the $50 billion security services industry by offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional manned security [6][10] - RAD's product lineup includes stationary devices like AVA, TOM, ROSA, RIO, and RADCam, as well as mobile solutions such as ROAMEO and RADDOG, catering to a wide range of security needs [5][10] Client Engagement - The successful performance of RAD's RIO units has led to further evaluations for additional ROSA and RIO deployments, indicating strong client satisfaction and potential for future orders [3][9] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, suggesting significant growth opportunities as existing sales convert into recurring revenue streams [9] Leadership and Expertise - The leadership team at RAD, including CEO Steve Reinharz and President Mark Folmer, brings extensive experience in security services and technology, enhancing the company's credibility and operational effectiveness [8][10] - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for customer data protection, which is crucial for attracting enterprise and government clients [7]
Leading National Retail Property Operator Strengthens AITX & RAD Engagement
Newsfile· 2025-09-24 12:40
Core Insights - The company has signed a multi-unit proof of concept with a leading national retail property operator to deploy multiple ROSA™ units powered by SARA™ to address security issues such as overnight trespassing [1][3] - This engagement is expected to pave the way for further deployments of additional security solutions across the operator's extensive portfolio [1][6] Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) are focused on redefining the $50 billion security and guarding services industry through AI-driven solutions [7] - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, enhancing operational efficiency [7] Industry Challenges - Retail property operators are facing increasing security challenges, including trespassing and loitering, particularly in high-traffic areas where after-hours oversight is limited [5] - The pressure to adopt technology-led solutions is growing as traditional guard forces are costly and often insufficient [5] Future Prospects - Successful results from the current engagement could lead to significant expansion opportunities across numerous retail centers nationwide, creating recurring monthly revenue [6] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth [10]
AITX's RAD Hits the Road to Highlight Agentic AI SARA and ROAMEO at Fall Security Conferences
Newsfile· 2025-09-18 12:40
Core Viewpoint - AITX and its subsidiary RAD are showcasing their agentic AI and mobile robotics solutions at major security conferences, emphasizing the transformative potential of these technologies in the security industry [1][3][5]. Company Developments - AITX is experiencing a surge in order activity and has reported record order intake, indicating strong demand for its AI-powered solutions [3][5]. - The company is expanding its portfolio with innovations like SARA, RADCam Enterprise, and ROAMEO, which are designed to modernize security and monitoring operations [3][5][8]. - RAD's participation in conferences is focused on thought leadership rather than traditional trade show booths, allowing for cost-effective engagement with industry leaders [6]. Industry Context - The security and guarding services industry is valued at nearly $50 billion, with AITX's solutions offering cost savings of 35%-80% compared to traditional manned security [8]. - The integration of agentic AI and robotics is seen as a critical advancement for improving operational efficiency and reducing costs in the security sector [6][7]. Leadership and Expertise - The leadership team at AITX and RAD includes experienced professionals from the security and robotics sectors, enhancing the company's credibility and innovation capabilities [10]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating significant growth potential [11][12]. Technological Advancements - AITX's solutions are designed to enhance safety and security through the integration of AI into robotic devices, providing organizations with reliable and efficient security options [7][8]. - The company aims to drive the adoption of mobile robotics, particularly through the ROAMEO platform, to deliver immediate value to clients [8].