AITX posts 50% RAD shipment growth amid going-concern risk
AITX posts 50% RAD shipment growth amid going-concern risk
Publish Date: 2026-06-01 06:03:00
Source Domain: www.stocktitan.net
- Artificial Intelligence Technology Solutions Inc. announced a press release about their wholly owned subsidiary Robotic Assistance Devices, Inc. shipping 116 hardware devices in Q1 FY27.
- The shipment represented a 50% increase compared to the previous year’s same quarter, achieved with half the production staff, indicating improvements in manufacturing efficiency.
- Demand for AI-driven security solutions such as ROSA™, RIO™, AVA™, and TOM is growing.
- Recurring monthly revenue is increasing due to expanding deployments and broader software solution adoption, supported by a recent hardware price increase to strengthen future deployment economics.
- CEO Steve Reinharz noted progress in production efficiency, product maturity, and execution, but cautioned that material operating losses still persist.
- The Company’s operational efficiencies have been validated through the successful completion of its SOC 2 Type 2 audit.
