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AITX on Track to Triple Annual Recurring Revenue Run Rate to $10 Million by End of Fiscal Year

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Artificial Intelligence Technology Solutions (AITX) is progressing toward achieving a $10 million annual recurring revenue (ARR) run rate by the end of fiscal year 2025 (February 28, 2025), which would represent a 3x growth from FY 2024's $3.4 million ARR. During Q3 FY 2025, RAD added $105,000 in recurring monthly revenue (RMR). The company's sales funnel expanded significantly, with potential RMR opportunities reaching $1.8 million.

The growth is driven by successful products including RIO (ROSA Independent Observatory), SARA (Speaking Autonomous Responsive Agent), and RADCam. The company aims to disrupt the $50 billion security and guarding services industry, offering cost savings of 35-80% compared to traditional security models through AI-driven Solutions-as-a-Service.

Le Soluzioni Tecnologiche di Intelligenza Artificiale (AITX) stanno facendo progressi verso il raggiungimento di un tasso di ricavi ricorrenti annuali (ARR) di 10 milioni di dollari entro la fine dell'anno fiscale 2025 (28 febbraio 2025), il che rappresenterebbe una crescita di 3 volte rispetto ai 3,4 milioni di dollari di ARR del FY 2024. Durante il terzo trimestre del FY 2025, RAD ha aggiunto 105.000 dollari in ricavi mensili ricorrenti (RMR). Il funnel di vendita dell'azienda si è ampliato significativamente, con opportunità potenziali di RMR che raggiungono 1,8 milioni di dollari.

La crescita è sostenuta da prodotti di successo come RIO (Osservatorio Indipendente ROSA), SARA (Agente Rispondente Autonomo Parlante) e RADCam. L'azienda punta a rivoluzionare il settore dei servizi di sicurezza e vigilanza da 50 miliardi di dollari, offrendo risparmi sui costi tra il 35 e l'80% rispetto ai modelli di sicurezza tradizionali attraverso soluzioni AI-driven come un Servizio.

Las Soluciones Tecnológicas de Inteligencia Artificial (AITX) están avanzando hacia el logro de una tasa de ingresos recurrentes anuales (ARR) de 10 millones de dólares para finales del año fiscal 2025 (28 de febrero de 2025), lo que representaría un crecimiento de 3 veces respecto a los 3,4 millones de dólares de ARR del FY 2024. Durante el tercer trimestre del FY 2025, RAD agregó 105.000 dólares en ingresos recurrentes mensuales (RMR). El embudo de ventas de la compañía se amplió significativamente, con oportunidades de RMR potenciales que alcanzan los 1,8 millones de dólares.

El crecimiento se impulsa a través de productos exitosos como RIO (Observatorio Independiente ROSA), SARA (Agente Autónomo de Respuesta Habla) y RADCam. La compañía tiene como objetivo interrumpir la industria de servicios de seguridad y vigilancia de 50 mil millones de dólares, ofreciendo ahorros de costos del 35 al 80% en comparación con los modelos de seguridad tradicionales mediante soluciones impulsadas por IA como un Servicio.

인공지능 기술 솔루션 (AITX)는 2025 회계연도 말(2025년 2월 28일)까지 연간 반복 수익(ARR) 1천만 달러 달성을 향해 나아가고 있으며, 이는 2024 회계연도의 340만 달러 ARR에 비해 3배 성장한 것입니다. 2025 회계연도 3분기 동안, RAD는 10만 5천 달러의 반복 월 수익(RMR)을 추가했습니다. 회사의 판매 깔때기는 크게 확장되었고, 잠재적 RMR 기회는 180만 달러에 이릅니다.

성장은 RIO(ROSA 독립 관측소), SARA(자율 응답 에이전트), RADCam과 같은 성공적인 제품에 의해 이루어지고 있습니다. 회사는 500억 달러 규모의 보안 및 경비 서비스 산업을 혁신하고, AI 기반 서비스로 기존 보안 모델에 비해 35-80%의 비용 절감을 제공하는 것을 목표로 하고 있습니다.

Solutions Technologiques d'Intelligence Artificielle (AITX) progresse vers l'atteinte d'un chiffre d'affaires récurrent annuel (ARR) de 10 millions de dollars d'ici la fin de l'année fiscale 2025 (28 février 2025), ce qui représenterait une croissance multipliée par 3 par rapport aux 3,4 millions de dollars d'ARR de l'année fiscale 2024. Au cours du troisième trimestre de l'année fiscale 2025, RAD a ajouté 105 000 dollars de revenus mensuels récurrents (RMR). Le pipeline de ventes de la société s'est considérablement élargi, avec des opportunités de RMR potentielles atteignant 1,8 million de dollars.

Cette croissance est soutenue par des produits à succès tels que RIO (Observatoire Indépendant ROSA), SARA (Agent Réactif Autonome Parlable) et RADCam. L'entreprise vise à perturber l'industrie des services de sécurité et de surveillance de 50 milliards de dollars, offrant des économies de coûts de 35 à 80 % par rapport aux modèles de sécurité traditionnels grâce à des solutions basées sur l'IA en tant que Service.

Künstliche Intelligenz Technologie Lösungen (AITX) macht Fortschritte auf dem Weg zu einem jährlichen wiederkehrenden Umsatz (ARR) von 10 Millionen Dollar bis zum Ende des Geschäftsjahres 2025 (28. Februar 2025), was einem Wachstum von 3-fach im Vergleich zu den 3,4 Millionen Dollar ARR im Geschäftsjahr 2024 entspricht. Im dritten Quartal des Geschäftsjahres 2025 fügte RAD 105.000 Dollar an wiederkehrenden monatlichen Einnahmen (RMR) hinzu. Der Verkaufsfunnel des Unternehmens hat sich erheblich erweitert, wobei die potenziellen RMR-Möglichkeiten 1,8 Millionen Dollar erreichen.

Das Wachstum wird von erfolgreichen Produkten wie RIO (ROSA Unabhängiges Observatorium), SARA (Sprechender Autonomer Reaktionsagent) und RADCam vorangetrieben. Das Unternehmen hat sich zum Ziel gesetzt, die 50 Milliarden Dollar schwere Sicherheits- und Wachschutzbranche zu revolutionieren, indem es Kosteneinsparungen von 35-80% im Vergleich zu traditionellen Sicherheitsmodellen durch KI-gesteuerte Lösungen als Dienstleistung anbietet.

Positive
  • Q3 added $105,000 in recurring monthly revenue
  • Sales pipeline reached $1.8 million in potential RMR
  • On track for 3x ARR growth from $3.4M to $10M
  • Solutions provide 35-80% cost savings versus traditional security
Negative
  • RMR figures are preliminary and subject to adjustment
  • Growth rate may be affected by Law of Large Numbers

Strong Growth in Q3 Continues Path to $10 Million ARR, Powered by Expanding RMR, Product Successes, and a Robust Sales Funnel

Detroit, Michigan, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its primary subsidiary Robotic Assistance Devices, Inc. (RAD-I), is pleased to announce continued strides toward achieving an annual recurring revenue (ARR) run rate of $10 million by the end of its current fiscal year 2025, which ends February 28, 2025. This milestone, if accomplished, would represent a remarkable 3x growth from the Company’s $3.4 million ARR at the close of FY 2024.

Following its strong Q2 FY 2025 results, RAD added $105,000 in recurring monthly revenue (RMR) during Q3, which ended November 30, 2024, bolstering its momentum toward this pivotal financial milestone. As significant is the size and quality of the expected incoming orders is larger and higher than it’s ever been. This RMR is preliminary and subject to adjustment.

“Tripling our ARR in just one year, like we did last year, will be a testament to the value that RAD brings to our clients,” said Steve Reinharz, CEO/CTO of AITX and RAD-I. “We are focused on maintaining the growth rate despite the Law of Large Numbers through continued invention of solutions such as RADCam and SARA.”

Sales Funnel Expansion:

During Q3 RAD-I’s sales funnel grew dramatically, with a pipeline of anticipated contracts and high-probability sale opportunities now totaling $1.8 million in potential RMR, reflecting heightened demand for RAD-I’s game-changing solutions.

Driving Growth through Innovation:

  • RIO’s Proven Success: RIO (ROSA Independent Observatory), which includes at least one ROSA unit, has emerged as RAD-I’s strongest solution, offering unparalleled value in autonomous security and surveillance. Its versatility and effectiveness have made it a cornerstone of RAD-I’s growth strategy, consistently delivering measurable results for clients across multiple industries.
  • SARA’s Anticipated Impact: The introduction of SARA (Speaking Autonomous Responsive Agent) is expected to significantly expand RAD-I’s ability to capture larger portions of client budgets, delivering direct benefits versus the traditional reliance on costly monitoring centers.
  • RADCam Penetration: Robotic Assistance Devices Residential, Inc. (RAD-R), the Company’s residential-focused subsidiary, is poised to make waves in the competitive home security camera market with RADCam™, what the Company believes to be the world’s first talking security camera.

“We’re thrilled with the momentum we’re seeing across our full portfolio of solutions, including RIO, ROSA and AVA,” added Troy McCanna, Sr. VP of Revenue Operations and CSO of RAD-I. “We are looking good to continue a strong rate of growth with this core product set and I anticipate more exposure through planned visibility with several of our signature clients.”

“The sales growth we’ve achieved this year has been exceptional, reflecting the growing demand for our innovative solutions,” said Mark Folmer, CPP, PSP, FSyI, President of RAD-I. “I’m even more energized about what lies ahead as AVA Gen 4, ROAMEO Gen 4, SARA, and RADDOG enter the market. These advancements will elevate our offerings and accelerate growth as we continue to solve critical challenges for our clients.”

Recurring monthly revenue (RMR) and annual recurring revenue (ARR) are vital indicators of financial health and stability for technology-driven businesses like AITX. These predictable revenue streams not only provide a strong foundation for sustainable growth but also enable the Company to make strategic investments in innovation, customer success, and market expansion.

With RAD-I’s and RAD-R’s aggressive growth trajectories and a steady stream of innovative solutions, the Company remains committed to achieving operational profitability while continuing to disrupt the security technology and property management landscapes.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industryi through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I 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. RAD-I delivers these tremendous 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. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD-I has a prospective sales pipeline of dozens of Fortune 500 companies and numerous other client opportunities. RAD-I 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.

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.radcam.ai, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

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”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. In connection therewith, the stated RMR of $105,000 is preliminary and is subject to possible adjustments that may result in a revised and lower RMR figure. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

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Steve Reinharz
949-636-7060
@SteveReinharz


i https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/


FAQ

What is AITX's projected annual recurring revenue for fiscal year 2025?

AITX is targeting an annual recurring revenue run rate of $10 million by the end of fiscal year 2025 (February 28, 2025).

How much recurring monthly revenue did AITX add in Q3 2024?

AITX added $105,000 in recurring monthly revenue during Q3, which ended November 30, 2024.

What is the potential RMR in AITX's current sales pipeline?

AITX's sales pipeline includes $1.8 million in potential recurring monthly revenue from anticipated contracts and high-probability sale opportunities.

What cost savings do AITX solutions provide compared to traditional security services?

AITX solutions provide cost savings of 35-80% compared to traditional manned security guarding and monitoring models.

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