AITX Announces Q3 FY 2025 Financial Results Featuring 300% Revenue Growth Year Over Year

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Highlights Include Quarter Over Quarter Revenue Growth of 30% Detroit, Michigan, Jan.14, 2025 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc.(RAD-I), today announced its financial results for the third quarter of fiscal year 2024 ending on November 30, 2024.

"The significant revenue increase highlights the market’s growing trust in our solutions, while the transition to our fourth-generation platform positions us to scale faster and deliver even more value to our clients.” Outlook AITX remains committed to sustaining its growth trajectory by further expanding its client base, enhancing its product lineup, and driving operational efficiencies.

"We’re thrilled to continue to deliver financial results that bring us ever closer to our immediate goal of bringing AITX to full operational positive cash flow, which we believe we will achieve in calendar year 2025 with continued sales growth and the new solutions coming along despite some SG&A increase,” said Steve Reinharz, CEO and CTO of AITX and its four subsidiaries.

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Author / Journalist: Artificial Intelligence Technology Solutions, Inc.

Category: Technology

Markets: China

Topics: US04316D2018 Other OTC:AITX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 21:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 962 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 25162451

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