AITX Announces Q1 FY2025 Financial Results in Latest 10-Q Filing, Exceptional Growth in Revenue and Market Value

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Company Achieves 312% Revenue Growth and Nearly Triples Market Value in Q1 FY2025 Detroit, Michigan, July 16, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc.(RAD), today announced its financial results for the first quarter of fiscal year 2025, which ended on May 31, 2024.

Management encourages all AITX investors, fans, and followers to thoroughly review the full SEC filing at and wishes to highlight three critical areas of performance: 1.   Strong Revenue Growth: AITX reported total revenue growth of 312% for the three months ended May 31, 2024, reaching $1,182,800, compared to $385,208 for the same period in 2023.

This growth highlights the Company’s operational efficiency and ability to manage costs while expanding its revenue base.3.   Market Value and Share Price Appreciation: The Company’s market value nearly tripled, reaching approximately $74.7 million as of May 31, 2024, compared to $26.3 million on February 29, 2024.

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Author / Journalist: Artificial Intelligence Technology Solutions, Inc.

Category: Technology

Markets: China

Topics: OTC Markets:AITX US04316D2018

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Article Type: News Report

Published On: 2024-07-16 @ 12:40:00 (15 hours ago)

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Language: English

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