Celebrating Five Years of Resilience and Innovatio
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Posted On: 03/23/2025 3:12:19 AM
Celebrating Five Years of Resilience and Innovation!
As we continue to push the boundaries of innovation in AI-driven security solutions, we wanted to share a recent reflection from our CEO, Steve Reinharz, on the incredible journey we've been on over the past five years. Below is his heartfelt message about our company's
transformation and growth.
Five years ago the world turned upside down.
Our Company, $AITX (Robotic Assistance Devices is a wholly owned subsidiary of our public parent company) had been growing dreadfully slow - too slowly to be sustainable. The outlook was bleak, like the end of the company bleak.
Then Covid killed the tiny tap of investment that was keeping us afloat. Any oddsmaker - and the entire investor community - wrote us off. March/April 2020 should have been the end of this venture.
But Our Relentless Persistence, Work Ethic & Vision prevailed. In response to the opportunities that Covid presented, we developed our Face Mask Detection analytic and captured an important County client.
We developed an FDA-ready-to-be-approved temp sensing system that was used nearly 2 million times for a specific client's compliance requirements. And we climbed off the bottom.
The stock market took notice, and we made a remarkable recovery, allowing significant debt payback and the resumption of development and growth.
Since then, we've been innovating to the extent that we've arguably defined several of the industry's SOPs in this AI-enabled age.
We've defied expectations and predictions across the board to create a set of solutions that enable and fuse stationary security devices with mobile devices with ai agents working throughout to improve performance and reduce costs. Significantly so.
Fast forward from exactly five years ago to today:
Our revenues are projected to be approximately 23 times those of five years ago as we strive to achieve an eight-figure annual recurring revenue run rate.
Our market cap is about 85 times (8500%) what it was five years ago - betting on us back then made many people very wealthy!
We've developed an incredible channel of guarding partners and we're gearing up to expand to build an integrator channel.
As we continue to push the boundaries of innovation in AI-driven security solutions, we wanted to share a recent reflection from our CEO, Steve Reinharz, on the incredible journey we've been on over the past five years. Below is his heartfelt message about our company's
transformation and growth.
Five years ago the world turned upside down.
Our Company, $AITX (Robotic Assistance Devices is a wholly owned subsidiary of our public parent company) had been growing dreadfully slow - too slowly to be sustainable. The outlook was bleak, like the end of the company bleak.
Then Covid killed the tiny tap of investment that was keeping us afloat. Any oddsmaker - and the entire investor community - wrote us off. March/April 2020 should have been the end of this venture.
But Our Relentless Persistence, Work Ethic & Vision prevailed. In response to the opportunities that Covid presented, we developed our Face Mask Detection analytic and captured an important County client.
We developed an FDA-ready-to-be-approved temp sensing system that was used nearly 2 million times for a specific client's compliance requirements. And we climbed off the bottom.
The stock market took notice, and we made a remarkable recovery, allowing significant debt payback and the resumption of development and growth.
Since then, we've been innovating to the extent that we've arguably defined several of the industry's SOPs in this AI-enabled age.
We've defied expectations and predictions across the board to create a set of solutions that enable and fuse stationary security devices with mobile devices with ai agents working throughout to improve performance and reduce costs. Significantly so.
Fast forward from exactly five years ago to today:
Our revenues are projected to be approximately 23 times those of five years ago as we strive to achieve an eight-figure annual recurring revenue run rate.
Our market cap is about 85 times (8500%) what it was five years ago - betting on us back then made many people very wealthy!
We've developed an incredible channel of guarding partners and we're gearing up to expand to build an integrator channel.
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Robert
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