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Posted On: 05/04/2023 7:36:15 AM
Post# of 41431
$AITX CEO, Steve Reinharz, conducted a Company-wide town hall meeting on May 1st, 2023, during which he announced initiatives for RIO™ version 2, a refocus on mobility solutions, and price changes as operational tuning continues. These items will be announced in greater detail in the coming weeks.
Reinharz expects that these actions, combined with those previously announced, along RAD's strong sales funnel will result in monthly profitability within the next 8 to 14 months. While the Company has prepared forecasts aiming for positive cash flow by December 31, 2023, there are no assurances whatsoever that this target will be achieved. The Company has also stated that any necessary expansion of production and deployment teams will remain within budget.
Reinharz expects that these actions, combined with those previously announced, along RAD's strong sales funnel will result in monthly profitability within the next 8 to 14 months. While the Company has prepared forecasts aiming for positive cash flow by December 31, 2023, there are no assurances whatsoever that this target will be achieved. The Company has also stated that any necessary expansion of production and deployment teams will remain within budget.
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