Artificial Intelligence Technology Solutions Inc. financial data

Symbol
AITX on OTC
Industry
Services-Prepackaged Software
Location
10800 Galaxie Avenue, Ferndale, MI
State of incorporation
NV
Fiscal year end
February 28
Former names
ON THE MOVE SYSTEMS CORP. (to 7/16/2018)
Latest financial report
10-Q - Q3 2024 - Oct 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 13.8 % -26.8%
Quick Ratio 7.93 % -9.68%
Debt-to-equity -119 % +0.74%
Return On Equity 46.5 % -18.4%
Return On Assets -245 % +15.3%
Operating Margin -704 % +19.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 11.9B shares +66.3%
Common Stock, Shares, Outstanding 10.3B shares +68.3%
Entity Public Float 37.6M USD -41.1%
Common Stock, Value, Issued 117K USD +66.3%
Weighted Average Number of Shares Outstanding, Basic 11.2B shares +70.2%
Weighted Average Number of Shares Outstanding, Diluted 11.2B shares +70.2%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.65M USD +15.4%
Revenue from Contract with Customer, Excluding Assessed Tax 1.34M USD +248%
Cost of Revenue 2M USD +256%
Research and Development Expense 2.51M USD -24.5%
General and Administrative Expense 11.1M USD +25.3%
Operating Income (Loss) -13.4M USD -11.9%
Nonoperating Income (Expense) -6.08M USD +7.52%
Net Income (Loss) Attributable to Parent -19.5M USD -5.05%
Earnings Per Share, Basic 0 USD/shares
Earnings Per Share, Diluted 0 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 713K USD -82.6%
Accounts Receivable, after Allowance for Credit Loss, Current 650K USD +149%
Inventory, Net 2.06M USD +22.1%
Assets, Current 4.09M USD -1.16%
Property, Plant and Equipment, Net 258K USD -21.4%
Operating Lease, Right-of-Use Asset 1.07M USD -6.81%
Assets 9.22M USD +23.4%
Contract with Customer, Liability, Current 364K USD +948%
Liabilities, Current 37.1M USD +29%
Operating Lease, Liability, Noncurrent 838K USD -7.04%
Liabilities 54.7M USD +32%
Retained Earnings (Accumulated Deficit) -146M USD -19.8%
Stockholders' Equity Attributable to Parent -45.5M USD -33.9%
Liabilities and Equity 9.22M USD +23.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.05M USD -1.83%
Net Cash Provided by (Used in) Financing Activities 3.15M USD +34.7%
Net Cash Provided by (Used in) Investing Activities -21.7K USD -527%
Common Stock, Shares Authorized 15B shares +50%
Common Stock, Shares, Issued 11.7B shares +66.3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 87.2K USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 25K USD +1719%
Deferred Tax Assets, Valuation Allowance 17.1M USD +35.3%
Operating Lease, Liability 1.06M USD
Depreciation 1.01M USD +108%
Payments to Acquire Property, Plant, and Equipment 19.1K USD +452%
Lessee, Operating Lease, Liability, to be Paid 1.43M USD
Property, Plant and Equipment, Gross 692K USD +14.4%
Operating Lease, Liability, Current 225K USD -5.98%
Lessee, Operating Lease, Liability, to be Paid, Year Two 225K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 225K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 364K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 215K USD
Deferred Tax Assets, Operating Loss Carryforwards 17.1M USD +35.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 15.5M shares -0.07%
Lessee, Operating Lease, Liability, to be Paid, Year Four 208K USD
Additional Paid in Capital 100M USD +14.3%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 12.7M USD +47.8%
Interest Expense 6.76M USD +24.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%