Artificial Intelligence Tech operating loss narrows 15% to $2.71 million in Q1 FY27; revenue falls 1% to $1.83 million year over year
AITX•Outlook for Q2
Management expects Q2 revenue to exceed Q1 by more than 10%, citing initial SARA activations and ROAMEO deployments adding recurring revenue.
Cash use and customer concentration
Operating cash use improved 17% year over year to $2.76 million; cash and cash equivalents were $94,643 at May 31, 2026.
Revenue excluding the largest customer climbed 52% year over year to $1.46 million; revenue from the largest customer fell 59% to $367,883.
Q1 FY2027 revenue and profit metrics
Artificial Intelligence Technology Solutions posted Q1 FY2027 revenue of $1.83 million, down about 1% year over year and 8% sequentially.
Operating loss narrowed 15% from a year earlier to , while net loss widened to .
