Key Takeaways:
- Artificial Intelligence Technology Solutions, Inc. (AITX) will file its Quarterly Report on Form 10-Q for the third quarter of fiscal year 2026 a day earlier than previously stated.
- The company will premiere a video interview featuring its CEO and founder, Steve Reinharz, to provide additional context around the reported results and management decision making.
- AITX aims to provide investors with a clearer view of both reported results and the framework guiding near-term and longer-range decision making.
- The company’s solutions are designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model.
- AITX has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities.
Introduction to AITX’s Quarterly Filing and CEO Interview
Artificial Intelligence Technology Solutions, Inc. (AITX) has announced that it will file its Quarterly Report on Form 10-Q for the third quarter of fiscal year 2026 a day earlier than previously stated. The company will also premiere a video interview featuring its CEO and founder, Steve Reinharz, to provide additional context around the reported results and management decision making. As Reinharz stated, "We believe transparency… Filing our 10-Q and immediately following it with a direct conversation allows investors to see the numbers and then hear how we are thinking about execution, discipline, and priorities as the business continues to mature and our operating model becomes more deliberate and refined."
Company Overview and Solutions
AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. As noted in the company’s press release, "RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines." The company’s solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare.
Leadership and Expertise
The company is led by Steve Reinharz, CEO/CTO and founder of AITX and RAD, who brings decades of experience in the security services industry. Reinharz serves as chair of the Security Industry Association’s (SIA) Autonomous Solutions Working Group and as a member of the SIA Board of Directors. The RAD team also draws on extensive expertise across the sector, including Mark Folmer, CPP, PSP, President of RAD and Chair of the ASIS International North American Regional Board of Directors, Troy McCanna, former FBI Special Agent and RAD’s Chief Security Officer, and Stacy Stephens, co-founder of security robotics company Knightscope. Their combined backgrounds in security industry leadership, law enforcement, and robotics innovation reinforce RAD’s ability to deliver proven, practical, and disruptive solutions to its clients.
Growth and Sales Pipeline
AITX has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. The company expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. As the company notes, "converting Fortune 500 prospects into recurring revenue is subject to lengthy evaluation periods, and there is no guarantee these prospects will result in deployed clients." However, with its innovative solutions and experienced leadership team, AITX is well positioned for growth and success in the security and guarding services industry.
Cautionary Disclosure and Forward-Looking Statements
The company’s press release includes a cautionary disclosure about forward-looking statements, noting that "the information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the ‘Company’)." The company also notes that "actual results may differ materially from those expressed or implied by our forward-looking statements due to factors including, but not limited to: (a) references to our ‘prospective sales pipeline’ do not represent binding contracts and converting Fortune 500 prospects into recurring revenue is subject to lengthy evaluation periods, and there is no guarantee these prospects will result in deployed clients; and (b) information shared in executive interviews is intended to provide context for the Form 10-Q, however, the interview may not contain all material information included in the formal filing, and investors should not rely solely on video commentary." As with any investment, there are risks and uncertainties associated with AITX, and investors should carefully consider these factors before making any investment decisions.
https://finance.yahoo.com/news/artificial-intelligence-technology-solutions-inc-134000804.html