Monitor Q2 FY2027 results for SARA activation pace and ROAMEO deployment conversion. The $95K cash balance raises going-concern risk — any delay in revenue growth or need for additional financing could trigger severe dilution or distress. The 52% growth ex-largest customer is a positive signal, but the headline revenue decline and cash burn dominate the near-term outlook.
Price Chart
Executive Summary
AITX reported Q1 FY2027 revenue of $1.83M, down ~1% YoY, as a 59% decline in sales to its largest customer offset 52% growth in the rest of the customer base. Operating loss narrowed 15% to $2.7M, but net loss widened 24% to $5.7M on $3.0M in non-operating costs. Management guided Q2 revenue to exceed Q1 by >10%, driven by initial SARA activations and ROAMEO deployments, though cash stood at just $95K, highlighting acute liquidity risk.
Key Financial Metrics
Key Facts
- Total revenue $1,831,202, down ~1% YoY from $1,854,837
- Revenue from largest customer fell 59% YoY to $367,883
- Revenue ex-largest customer up 52% YoY to $1,463,319
- Operating loss narrowed 15% to $2,709,364 from $3,178,669
- Net loss widened 24% to $5,715,838 from $4,594,018
- Cash and equivalents $94,643 as of May 31, 2026
- Operating cash use improved 17% to $2,759,307
- Weighted average share count more than doubled to 326M from 155.2M
- Management expects Q2 FY2027 revenue to exceed Q1 by >10%
- June recurring monthly revenue up ~15% MoM, including ~$10K from initial SARA activations
Financial Impact
Revenue decline of ~1% YoY; net loss increased 24% to $5.7M; cash position critically low at $95K
Risk Factors
- Cash and equivalents of $94,643 may not sustain operations without additional financing
- Largest customer concentration risk — 59% YoY revenue decline from that customer
- Share count more than doubled YoY, indicating severe dilution
- Net loss increased 24% despite operating loss improvement, driven by non-operating costs
- Forward-looking guidance is preliminary and subject to adjustment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001062993-26-003663 |
| Document: form8k.htm | 0001062993-26-003663 |
| Document: 0001062993-26-003663-index-headers.html | 0001062993-26-003663 |
| Document: 0001062993-26-003663-index.html | 0001062993-26-003663 |
| Document: 0001062993-26-003663.txt | 0001062993-26-003663 |
| 8-K Data (Synthetic) | 0001062993-26-003663 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $0.001000 | awaiting T+5 | — | $0.000800 (+20.00%) |
Oct 22, 2026 5d ago | 8-K | $0.001500 | awaiting T+5 | — | $0.000800 (−46.67%) |
Oct 21, 2026 6d ago | 8-K | $0.001900 | awaiting T+5 | — | $0.000800 (−57.89%) |
Oct 20, 2026 7d ago | 8-K | $0.002400 $0.000900 | ▼ −62.50% | ▼ −62.53% | $0.000800 (−66.67%) |
Oct 19, 2026 8d ago | 8-K | $0.001600 $0.001000 | ▼ −37.50% | ▼ −37.36% | $0.000800 (−50.00%) |
Oct 15, 2026 12d ago | NT 10-Q | $0.001600 $0.001300 | ▲ +18.75% | ▲ +18.32% | $0.000800 (+50.00%) |
Oct 14, 2026 13d ago | 8-K | $0.001900 $0.001900 | · 0.00% | ▼ −0.45% | $0.000800 (−57.89%) |
Oct 7, 2026 20d ago | 8-K | $0.002300 $0.001900 | ▼ −17.39% | ▼ −16.41% | $0.000800 (−65.22%) |
Oct 6, 2026 21d ago | 8-K | $0.002500 $0.002100 | ▼ −16.00% | ▼ −15.86% | $0.000800 (−68.00%) |
Oct 5, 2026 22d ago | 8-K | $0.002700 $0.002100 | ▼ −21.64% | ▼ −22.06% | $0.000800 (−70.37%) |
US Market Status
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