Artificial Intelligence Technology Solutions Inc. financial data

Symbol
AITX on OTC
Location
10800 Galaxie Avenue, Ferndale, MI
Fiscal year end
February 28
Former names
ON THE MOVE SYSTEMS CORP. (to 7/16/2018)
Latest financial report
10-Q - Q4 2024 - Jan 14, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 11.5 % -29.3%
Quick Ratio 6.14 % -26%
Debt-to-equity -119 % +0.38%
Return On Equity 43.1 % -20.5%
Return On Assets -223 % +19.3%
Operating Margin -704 % +19.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 13.3B shares +59.3%
Common Stock, Shares, Outstanding 11.7B shares +66.3%
Entity Public Float 37.6M USD -41.1%
Common Stock, Value, Issued 126K USD +63.1%
Weighted Average Number of Shares Outstanding, Basic 12.2B shares +66.7%
Weighted Average Number of Shares Outstanding, Diluted 12.2B shares +66.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.65M USD +15.4%
Revenue from Contract with Customer, Excluding Assessed Tax 5.14M USD +193%
Cost of Revenue 2.33M USD +239%
Research and Development Expense 2.53M USD -17.5%
General and Administrative Expense 11.8M USD +35.3%
Operating Income (Loss) -13.4M USD -15.4%
Nonoperating Income (Expense) -5.9M USD +14.3%
Net Income (Loss) Attributable to Parent -19.3M USD -4.31%
Earnings Per Share, Basic 0 USD/shares
Earnings Per Share, Diluted 0 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.25M USD +147%
Inventory, Net 1.88M USD -15.2%
Assets, Current 4M USD +13.8%
Property, Plant and Equipment, Net 257K USD -14.4%
Operating Lease, Right-of-Use Asset 1.04M USD -6.69%
Assets 9.8M USD +37.3%
Contract with Customer, Liability, Current 102K USD +30.4%
Liabilities, Current 41.3M USD +151%
Operating Lease, Liability, Noncurrent 811K USD -8.09%
Liabilities 56.8M USD +31.1%
Retained Earnings (Accumulated Deficit) -149M USD -19%
Stockholders' Equity Attributable to Parent -47M USD -29.9%
Liabilities and Equity 9.8M USD +37.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.05M USD -1.83%
Net Cash Provided by (Used in) Financing Activities 3.15M USD +34.7%
Net Cash Provided by (Used in) Investing Activities -21.7K USD -527%
Common Stock, Shares Authorized 15B shares +50%
Common Stock, Shares, Issued 12.6B shares +63.1%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 87.2K USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 25K USD +1719%
Deferred Tax Assets, Valuation Allowance 17.1M USD +35.3%
Operating Lease, Liability 1.04M USD
Depreciation 1.02M USD +105%
Payments to Acquire Property, Plant, and Equipment 19.1K USD +452%
Lessee, Operating Lease, Liability, to be Paid 1.37M USD
Property, Plant and Equipment, Gross 718K USD +14.4%
Operating Lease, Liability, Current 225K USD -1.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 225K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 225K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 335K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 211K USD
Deferred Tax Assets, Operating Loss Carryforwards 17.1M USD +35.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 15.5M shares -0.07%
Lessee, Operating Lease, Liability, to be Paid, Year Four 208K USD
Additional Paid in Capital 102M USD +14.6%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 12.7M USD +47.8%
Interest Expense 6.76M USD +24.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%