AITX’s RAD reports operational cash flow positivity (Pink Current Info:AITX)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2024
0mins
Source: SeekingAlpha
Operational Profitability Expectation: Artificial Intelligence Technology Solutions (AITX) anticipates that its subsidiary Robotic Assistance Devices will achieve operational profitability by September 2024, with expected revenues surpassing core operational costs.
Financial Overview: AITX has a monthly payroll and health insurance cost of approximately $630,000 and currently holds a contracted backlog of about $175,000 in recurring monthly revenue (RMR).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
