AITX says selected operating cash payments drop 14% in August as cost cuts begin
AITX•Monthly payment details
July included about $57,000 in quarterly sales commissions; August included about $50,000 in deferred compensation and about $46,000 in annual items.
Cost-cut targets through December
The company targets about $200,000 in monthly cash SG&A cuts by December, equal to about $2.4 million annualized versus the quarter ended May 31, 2026.
Selected operating cash payments fell in August
Artificial Intelligence Technology Solutions reported selected operating cash payments fell about 14% in August versus July, down roughly $141,500.
Cash payments totaled about $900,400 in August versus about $1.042 million in July, reflecting early execution of a cost-reduction plan.
