Artificial Intelligence Technology Solutions (AITX) Stock

2023 Update

About Artificial Intelligence Technology Solutions

Artificial Intelligence Technology Solutions Inc. (AITX) is a US-based company focused on the development of leading-edge robotic and artificial intelligence solutions for operational, security, and monitoring needs. Founded in 2016, the company is headquartered in Ferndale, Michigan and primarily serves customers in the Technology sector.

At AITX, we strive to build an ever-expanding strategy aimed at creating visionary solutions and bridging the gap between the physical and digital worlds. Our products balance an ideal combination of reliable, cost-effective, and user-friendly innovation. We understand the ever-evolving needs of our clients and are actively redefining the boundaries of the Technology industry. Our team is made up of experienced engineers, software developers, AI & robotics experts, marketers, and support personnel dedicated to giving our customers the best possible experience. With a track record of implementing successful projects for a growing list of sector-leading customers, AITX is well-positioned to continue its leadership role in the rapidly evolving world of robotic and artificial intelligence solutions.

AITX’s portfolio of solutions is truly extensive. Our products include RIO, a portable, solar-powered, and wide-area security device; ROSA-P, a switched-powered security and safety solution; RADDOG, a security industry’s purpose-built mobile robot dog; ROSS, a software solution which enables millions of IP security cameras; and ROAMEO, an unmanned ground vehicle, as well as RADGuard, a customer-facing software and RADSOC, a security operations center.

With 85 full-time employees and over 86400 hours of experience in the Technology industry, AITX is an ever-evolving company with a proven track record of delivering world-class services and solutions to our valued customers around the world. We focus on continuous innovation and delivering superior customer experiences and outcomes. For more information, visit our website at

Artificial Intelligence Technology Solutions's Performance

Artificial Intelligence Technology Solutions Inc. has been performing poorly in recent months. The company’s current price per share is $0.01 with a current ratio of 0.77 and a quick ratio of 0.26. The earnings growth is nonexistent and the profit margins are at an abysmal 0.00%. Furthermore, there are no analyst opinions on the company and the return on assets and equity are both at negative percentages (-101.81% and -879.03%, respectively).

The company also has an alarmingly low free cash flow of -$11.01M and negative total cash flow of -$14.27M. The gross margins are at 55.79%, but this is offset by the low return on assets and equity. The revenue per share is 0,00 and the total revenue is $1.43M. The company’s gross profits are low at $974.18k and its operating cash flow is similarly low at -$14.27M.

The company’s debt to equity ratio is also of concern, at 26.75M USD. Considering its sluggish performance, the recommendation mean is currently none. With a max age of 86400.0, the company’s EBITDA margins are 0.00% and its operating margins are at -879.03%. Its revenue growth is also low, at a meager 7.60%.

Overall, Artificial Intelligence Technology Solutions Inc. has been underperforming and investors should be wary of the company. Its current weight and weak fundamentals make it a risky investment.

How does Artificial Intelligence Technology Solutions Perform During a Recession?

During the global recession, AITX has maintained its commitment to providing customers with cutting-edge solutions and innovation. The company has invested heavily in research and development to ensure that its products are resilient to economic downturns and are capable of scaling with the needs of its customers. Furthermore, AITXhas implemented cost control efforts to make sure the company remains financially strong during difficult economic times. These efforts have included budget cuts and layoffs so that AITX can continue to provide world-class solutions while keeping its financials healthy.

In addition, the company continues to look for opportunities to increase its customer base and expand into new markets. During the pandemic, AITX quickly saw the need to shift to remote operations, and created a “Bring-Your-Own-Device” program to keep operations running smoothly. This resulted in minimal disruption to AITX’s operations and allowed the company to maintain customer satisfaction and develop new product offerings.

AITX’s commitment to innovating and staying ahead of the curve has allowed it to emerge as a resilient leader in the AI and robotic industry during the economic downturn. By continuously creating cutting-edge innovations and inspiring customers to embrace digital transformation with its AI and robotic solutions, AITX is well positioned to thrive during difficult times.

How does Artificial Intelligence Technology Solutions Perform During High Inflation Economy?

When faced with high inflation, AITX is able to remain agile and competitive in the market by carefully controlling costs and finding creative solutions to pricing and other challenges. The company has built an internal team focused on mitigating price exposure, providing data analysis, continuous cost analysis, and price optimization. AITX also works closely with its supply chain partners to develop cost-saving models.

AITX’s financial strengths allow for the company to remain flexible and expand its activities during periods of economic pressure, and its agility allows it to quickly pivot when needed. Overall, AITX has an proven track record of success in navigating high inflationary environments. The company’s strategy for persevering during times of inflation entails careful monitoring of the global financial markets, currency fluctuations, and commodities pricing, which affords it the opportunity to quickly and effectively respond to changing market conditions.

What Are the Risks Associated to Artificial Intelligence Technology Solutions (AITX)?

Given the risks associated with investing in AITS, investors may want to consider whether this stock would fit into their own risk-return criteria before making any investments. Factors such as the company’s financial performance, competitive landscape in the market, management team, and the overall macroeconomic environment should all be taken into account before investing. Furthermore, investors should understand the risks related to investing in AITS and should conduct adequate research before investing their money.