ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7M | $6.1M | $2.2M | $1.3M | $1.4M | $360.9K | $260.8K | $114.7K |
| Cost of Revenue | $2.2M | $2.4M | $1.7M | $678.1K | $472.9K | $98.2K | $83.8K | $4.5K |
| Gross Profit | $5.5M | $3.7M | $565.8K | $653.9K | $974.2K | $262.7K | $177.0K | $110.1K |
| Gross Margin | 71.4% | 61.1% | 25.4% | 49.1% | 67.3% | 72.8% | 67.9% | 96.1% |
| Operating Expenses | ||||||||
| Research & Development | $4.1M | $3.5M | $3.4M | $3.6M | $3.0M | $378.2K | $332.5K | $541.0K |
| SG&A Expense | $12.9M | $13.6M | $10.0M | $9.0M | $10.9M | $2.7M | $1.5M | $2.8M |
| Operating Income | $-11.9M | $-13.9M | $-14.0M | $-12.7M | $-13.4M | $-3.0M | $-1.8M | $-3.4M |
| Operating Margin | -154.2% | -227.5% | -628.0% | -952.8% | -924.0% | -829.9% | -683.7% | -2,977.6% |
| Interest Expense | — | — | $6.8M | $5.4M | $16.1M | $3.4M | $3.5M | $6.7M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-14.5M | $-18.9M | $-20.7M | $-18.1M | $-62.2M | $-5.9M | $-6.2M | $16.1M |
| Net Margin | -187.3% | -308.9% | -929.7% | -1,359.6% | -4,298.1% | -1,634.6% | -2,382.8% | 14,035.7% |
| EPS (Basic) | $-0.07 | $-0.16 | $0.00 | $0.00 | $-0.02 | $0.00 | $0.00 | $0.28 |
| EPS (Diluted) | $-0.07 | $-0.16 | $0.00 | $0.00 | $-0.02 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 202.9M | 11.65B | 7.08B | 5.09B | 4.03B | 4.06B | 4.06B | 569.97B |
| Shares Outstanding (Diluted) | 202.9M | 11.65B | 7.08B | 5.09B | 4.03B | 4.06B | 4.06B | 569.97B |
| Dividends Per Share | — | — | — | — | — | — | — | — |