Financial Snapshot

Revenue
$3.983M
TTM
Gross Margin
49.75%
TTM
Net Earnings
-$19.52M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
11.03%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$45.47M
Q3 2024
Cash
Q3 2024
P/E
-1.617
Nov 29, 2024 EST
Free Cash Flow
-$9.700M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Revenue $2.228M $1.332M $1.447M $360.9K $260.8K $114.7K $106.5K $0.00 $6.750K $72.26K
YoY Change 67.24% -7.96% 300.98% 38.39% 127.41% 7.69%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Revenue $2.228M $1.332M $1.447M $360.9K $260.8K $114.7K $106.5K $0.00 $6.750K $72.26K
Cost Of Revenue $1.131M $678.1K $472.9K $98.17K $83.76K $4.520K $45.00K $32.40K
Gross Profit $1.096M $653.9K $974.2K $262.7K $177.0K $110.2K $61.48K $6.750K $39.85K
Gross Profit Margin 49.22% 49.09% 67.32% 72.8% 67.88% 96.06% 57.74% 100.0% 55.15%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Selling, General & Admin $10.79M $9.241M $11.18M $2.758M $1.537M $2.796M $2.392M $301.6K $595.7K $575.3K $4.114M
YoY Change 16.72% -17.35% 305.41% 79.49% -45.04% 16.9% 693.04% 3.54%
% of Gross Profit 983.71% 1413.25% 1147.73% 1049.77% 868.07% 2538.17% 3890.14% 8824.87% 10322.91%
Research & Development $2.878M $3.625M $2.961M $378.2K $332.5K $541.0K $493.0K
YoY Change -20.61% 22.42% 682.94% 13.75% -38.53% 9.73%
% of Gross Profit 262.49% 554.45% 303.99% 143.97% 187.85% 491.12% 801.89%
Depreciation & Amortization $854.0K $478.1K $232.9K $120.9K $102.2K $114.6K $130.1K $770.00 $11.87K $0.00 $8.165K
YoY Change 78.63% 105.3% 92.71% 18.2% -10.79% -11.89% 16793.51%
% of Gross Profit 77.89% 73.12% 23.91% 46.0% 57.76% 104.05% 211.58% 175.91% 20.49%
Operating Expenses $15.09M $13.34M $14.38M $3.257M $1.971M $3.451M $3.015M $301.6K $595.7K $575.3K $4.114M
YoY Change 13.05% -7.17% 341.36% 65.22% -42.88% 14.48% 899.65% 3.54%
Operating Profit -$13.99M -$12.69M -$13.40M -$2.994M -$1.794M -$3.341M -$2.953M -$652.1K -$605.3K -$4.074M
YoY Change 10.23% -5.3% 347.55% 66.88% -46.3% 13.14% 7.73%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Interest Expense $6.758M $5.426M -$15.76M -$2.616M -$4.592M $19.29M -$21.91M $34.15M $375.4K $109.0K $14.37K
YoY Change 24.54% -134.44% 502.39% -43.04% -123.8% -188.06% -164.14% 244.27%
% of Operating Profit
Other Income/Expense, Net -$6.719M -$5.419M -$48.83M $0.00 -$375.4K -$109.0K
YoY Change 24.0% -88.9% 244.27%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Pretax Income -$20.71M -$18.11M -$62.20M -$5.899M -$6.214M $16.09M -$24.25M $33.85M
YoY Change 14.35% -70.88% 954.39% -5.07% -138.61% -166.37% -171.65%
Income Tax
% Of Pretax Income
Net Earnings -$20.71M -$18.11M -$62.20M -$5.899M -$6.214M $16.09M -$24.25M $33.85M -$1.049M -$766.7K -$4.088M
YoY Change 14.35% -70.88% 954.39% -5.07% -138.61% -166.37% -171.65% 36.88%
Net Earnings / Revenue -929.66% -1359.61% -4298.05% -1634.55% -2382.81% 14035.79% -22773.29% -15547.08% -5658.22%
Basic Earnings Per Share $0.00 $0.00 -$0.02
Diluted Earnings Per Share $0.00 $0.00 -$15.43K -$5.811K -$31.46M $82.28M -$404.1B $69.07B

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Cash & Short-Term Investments $105.9K $939.8K $4.648M $1.044M $13.31K $21.19K $24.77K $56.91K
YoY Change -88.73% -79.78% 345.05% 7746.88% -37.19% -14.45% -56.48%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $623.0K $596.3K $442.2K $0.00 $0.00 $32.03K $83.10K $150.0K
YoY Change 4.47% 34.86% -100.0% -61.46% -44.6%
Inventory $2.132M $1.638M $1.531M $64.07K $24.79K $273.5K $316.1K
Prepaid Expenses
Receivables $756.1K $265.0K $429.5K $98.54K $50.12K $39.96K $28.00K $7.780K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $40.00K $0.00
Total Short-Term Assets $3.617M $3.439M $7.050M $1.207M $88.21K $366.7K $492.0K $214.7K
YoY Change 5.16% -51.22% 484.11% 1268.36% -75.94% -25.47% 129.16%
Property, Plant & Equipment $3.887M $2.760M $2.179M $356.5K $255.4K $224.4K $158.2K $126.6K
YoY Change 40.87% 26.67% 511.18% 39.55% 13.84% 41.82% 25.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $65.88K $71.24K $21.24K $3.860K $0.00 $30.14K
YoY Change -7.52% 235.4% 450.26% -100.0%
Other Assets
YoY Change
Total Long-Term Assets $3.980M $2.858M $2.229M $360.3K $255.4K $224.4K $244.6K $126.6K
YoY Change 39.27% 28.24% 518.5% 41.06% 13.84% -8.27% 93.28%
Total Assets $7.597M $6.297M $9.279M $1.567M $343.6K $591.1K $736.6K $341.2K
YoY Change
Accounts Payable $2.033M $1.343M $968.9K $1.374M $1.145M $1.486M $487.2K $12.72K
YoY Change 51.31% 38.66% -29.48% 20.02% -23.0% 205.08% 3730.5%
Accrued Expenses $5.216M $3.010M $1.514M $282.6K $2.779M $1.391M $694.6K $0.00
YoY Change 73.3% 98.78% 435.92% -89.83% 99.8% 100.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $3.500K $196.2K $6.614M $5.484M $2.118M $0.00
YoY Change -100.0% -98.22% -97.03% 20.59% 158.95%
Long-Term Debt Due $13.49M $10.16M $1.237M $1.888M $2.045M $1.162M $334.0K $70.43K
YoY Change 32.7% 721.76% -34.49% -7.68% 75.98% 247.96% 374.19%
Total Short-Term Liabilities $21.72M $16.05M $4.548M $4.411M $19.68M $15.74M $34.78M $103.2K
YoY Change 35.3% 252.92% 3.11% -77.58% 24.99% -54.74% 33621.95%
Long-Term Debt $14.80M $15.55M $20.31M $8.868M $69.52K $403.4K $159.4K $403.1K
YoY Change -4.86% -23.41% 129.02% 12656.04% -82.77% 153.11% -60.46%
Other Long-Term Liabilities $11.28M $6.536M $5.399M $2.832M $1.703M $275.7K $55.92K $0.00
YoY Change 72.61% 21.07% 90.61% 66.28% 517.72% 393.1%
Total Long-Term Liabilities $26.08M $22.09M $25.71M $11.70M $1.773M $679.2K $215.3K $403.1K
YoY Change 18.06% -14.07% 119.72% 559.98% 161.03% 215.44% -46.59%
Total Liabilities $47.80M $38.14M $30.26M $16.11M $21.45M $16.42M $35.00M $506.3K
YoY Change 25.32% 26.06% 87.79% -24.89% 30.61% -53.08% 6813.07%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2012
Basic Shares Outstanding 7.081B shares 5.092B shares 4.030B shares
Diluted Shares Outstanding 7.081B shares 5.092B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $31.566 Million

About Artificial Intelligence Technology Solutions Inc.

Artificial Intelligence Technology Solutions, Inc. engages in the provision of artificial intelligence (AI) solutions. The company is headquartered in Ferndale, Michigan and currently employs 97 full-time employees. The company went IPO on 2011-02-10. The firm is focused on applying advanced AI-driven technologies, paired with multi-use hardware and supported by custom software and cloud services, to intelligently automate and integrate a variety of high-frequency security, concierge, and operational tasks. The company owns and operates three wholly owned subsidiaries, which are Robotic Assistance Devices, Inc. (RAD I), Robotic Assistance Devices Group, Inc. (RAD G) and Robotic Assistance Devices Mobile, Inc. (RAD M). RAD I own all intellectual property related to RADSoC, RAD Mobile SOC, RADGuard, and their core operating architecture. RAD G is focused on the development of advanced software and electronics solutions. RAD M is focused on the development of autonomous mobile security and facility management devices, both ground-based and airborne.

Industry: Services-Prepackaged Software Peers: