Press release 📈 Stocks 🌍 United States

AITX Reports 12.4% Growth in Billed Recurring Monthly Revenue to $663,906

AITX subsidiary Robotic Assistance Devices saw billed RMR rise to $663,906 in October, representing an annualized run rate of nearly $8.0 million as the company works toward operational cash flow breakeven.

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Billed recurring monthly revenue rose 12.4% over two months to $663,906 in October 2026, up $73,409 from $590,497 in August, with growth accelerating (5.7% in September, 6.3% in October) and driven entirely by the established stationary portfolio. This is a quantified improvement in the recurring revenue base, but the figures are preliminary, unaudited, non-GAAP and subject to material change at the quarterly review, and the largest customer has cut spending since December 2025.

Catalysts
  • ▲ Billed RMR up 12.4% over two months to $663,906 in October 2026, an annualized run rate of nearly $8.0 million
  • ▲ October growth of 6.3% ($39,605) outpaced September's 5.7% ($33,804)
Risk Factors
  • ▼ Figures are preliminary, unaudited and non-GAAP; the company warns they may differ materially after the quarterly review
  • ▼ Revenue is concentrated in a largest customer that has reduced spending since December 2025

🎯 Key Takeaways

  • Billed RMR grew 12.4% over two months, rising from $590,497 in August to $663,906 in October 2026.
  • Monthly growth accelerated from 5.7% in September to 6.3% in October.
  • The October billing level represents an annualized run rate of nearly $8.0 million.
  • Growth was achieved solely through the stationary device portfolio, with ROAMEO, SARA, and RAIA currently in development.

📝 Executive Summary

Artificial Intelligence Technology Solutions reported a 12.4% increase in billed recurring monthly revenue (RMR) over the last two months, reaching $663,906 in October 2026. The growth was driven entirely by the company's established stationary device portfolio, excluding contributions from its ROAMEO, SARA, and RAIA platforms.

❓ FAQ

How much did the company's recurring revenue grow?

Billed recurring monthly revenue grew 12.4% over two months, reaching $663,906 in October 2026, up $73,409 from $590,497 in August 2026 — an annualized run rate of nearly $8.0 million.

Are these figures final?

No. The figures are preliminary, unaudited, based on internal accounting records, and the company warns they may change materially upon completion of its quarterly review.