AITX Based on historical financial data and SEC filings for Artificial Intelligence Technology Solutions Inc. (AITX) Financial Performance Overview : AITX has consistently reported net losses rather than a net profit throughout its history. Key data points include: Recent Fiscal Performance: In FY 2026, the company reported a net profit margin of -187.3%.

  • represents a significant net loss. Historical Trend: Over the past decade (and spanning back to FY 2011), the company’s net margin has remained deeply negative in every recorded fiscal year. Quarterly Results: The company has not achieved a net profit in any individual quarter during this period.
  • ClubCrusherBangOPEnglish
    1·
    4 days ago

    What is documented The SEC’s Spartan case alleged a microcap “shell factory” where gatekeepers helped create sham public companies, and the SEC later obtained monetary remedies, injunctive relief, and penny-stock bars against key defendants.

    A SEC filing for AITX states that on August 24, 2018, the company changed its name from On the Move Systems Corp. to Artificial Intelligence Technology Solutions, Inc., and that the 2017 RAD acquisition was accounted for as a reverse recapitalization.

    That same filing says RAD’s stockholders controlled the company after the acquisition, meaning the reporting-company history effectively continued through the RAD transaction.

    What the connection means The strongest defensible statement is that AITX’s listing lineage is tied to a reverse-merger/microcap-shell environment that regulators have prosecuted in other cases. That is a red-flag association, not a direct adjudication that AITX itself was the subject of the Spartan case.

    Criminals, fines, and penalties The specific prosecutions and penalties in the Spartan matter were against Spartan Securities Group, Island Stock Transfer, and individuals Carl Dilley and Micah Eldred, not against AITX as a defendant in that case. The SEC release says the court imposed nearly $1 million in monetary remedies, permanent or long-term injunctions, and penny-stock bars, with disgorgement and prejudgment interest against Island Stock Transfer.