Artificial Intelligence Technology Solutions posted a net loss of USD 5.72 million for the three months ended May 31, 2026, widening 24% year over year.
Revenue slipped 1% to USD 1.83 million, as one major customer’s share fell to 21% from 48% on internal cost-cutting.
Operating loss narrowed 15% to USD 2.71 million as operating expenses fell 12% to USD 3.89 million.
Other expense more than doubled to USD 3.01 million on higher interest expense; the period included a USD 707,600 loss on settlement.
The company expects sales growth from new mobile products and software starting in the second quarter, with a slow rollout due to capital intensity.
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