AITX Forecasts Profitability- AITX Stock

On July 11, 2022, Artificial intelligence Technology Solutions inc today announced profitability forecasts. 

AITX Subsidary Robotic Assistance Devices, Inc has 114 RAD Devices for which customers have placed orders. Due to the growth of its subsidiary AITX is seeing a clear path to increased profitability. 

The company fiscal quarter will end on August 31, 2022, and expectation of high profitability due to the new customers. 

Mark Folmer, President of RAD, was pleased to increase sales, but he also showed concern for the labor and wage expense beared by dealers and clients.


Folmer expected that by the end of February 2023, the company could receive orders between 700 to 1200 units. 

Most of the customers or buyers of AITX products are organization leaders or first movers in their relevant markets.

Also, the analyst's analysis considers the current sales revenues and expected profitability in the next year.  

Mr. Steve Reinharz, CEO of AITX and RAD, further added that deploying 1000 to 1400 units could generate revenues and cash flows for the company. Also, the company expenses will rise with growth in sales and revenues.


RAD is delivering robotics artificial intelligence-based solutions. Organizations/clients could experience the following advantages:

1- Problem-solving for security challenges.

2- Provides new business ideas at the minimum cost.

RAD Robotics Technology is based on the following:


1- Design of circuit board

2- Code Development
Due to its own development in robotics, RAD has control over the following things:
1- Control of all elements used in the design.

2- Quality control.
3- All robot types security user experience.


Following are the names of Security Robots:
1- ROAMEO
2- RAD Light My Way

3- ROSA

4- SCOT
5- WALLY
6- WALLY HSO
7- AVA

About Artificial Intelligence Technology Solutions (AITX)


RAD is a subsidiary of AITX. The organizations could experience the following benefits with AITX Robotics technology:
1- Efficient and effective operations.

2- Increase productivity or Return on Investment

3- Gives more strength to your business by removing weaknesses.

4- Reduce guard patrolling

5- More focus on strategic matters.


Types of Industries using the Artificial Intelligence Technology Solutions:
1- Enterprise

2- Government
3- Transportation
4- Infrastructure industry

5- Education

6- Health care

AITX Stock Overview

Artificial intelligence technology ticker symbol is AITX and AITX Stock traded on AITX Exchange. The price of AITX Stock is 0.013 US Dollars on July 20, 2022.

Financial Statements Overview


1- Declined in earnings recorded by 49.9% in every year (Last five years).
2- Has fewer cash inflows. 3- Short term assets aren’t covering short-term liabilities and long-term liabilities. 4- The company has a negative debt-to-equity ratio.


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