Artificial Intelligence Technology Solutions, Inc.
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Posted On: 01/26/2023 8:16:11 AM
Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK: AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced in its FY 2023 3rd quarter SEC filings that its quarter over-quarter (Q3 over Q2) revenue increased 50%.
The Company also noted that the gross margin increased by nearly 15% from 50% to 57%. AITX is a fully reporting SEC company that files detailed annual and quarterly reports with the SEC.
The Company has also projected that the results of fiscal year 2024 are expected to yield approximately $800,000 in monthly recurring revenue by February 2024, which if achieved would place t the Company in a positive cash flow position.
The Company also noted that the gross margin increased by nearly 15% from 50% to 57%. AITX is a fully reporting SEC company that files detailed annual and quarterly reports with the SEC.
The Company has also projected that the results of fiscal year 2024 are expected to yield approximately $800,000 in monthly recurring revenue by February 2024, which if achieved would place t the Company in a positive cash flow position.
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