Artificial Intelligence Technology Solutions, Inc. (AITX) announced in a Form 8-K filed on October 20, 2026, that it projects to achieve monthly operating cash breakeven beginning in January 2027. The company stated that this milestone is expected to reduce its reliance on outside capital for day-to-day operations. Additionally, AITX projects it will reach an "all-in cash breakeven" point during the second calendar quarter of 2027, which would cover all monthly cash requirements, including scheduled debt service and device build expenditures.
The projections are based on an expanded cash savings program and a projected monthly revenue growth rate of approximately 2.7%. The company measures its cash spend reductions against its August 2026 monthly expense run rate. It anticipates these reductions will reach about $345,000 per month in January 2027 and exceed $350,000 per month beginning in February 2027. The savings program includes workforce reductions, vendor cuts, and salary deferrals, though the company notes that deferred compensation remains an obligation.
Management emphasized that these milestones are estimates based on current assumptions and do not represent GAAP profitability. The company has not been profitable in any fiscal year of its operating history and faces substantial doubt regarding its ability to continue as a going concern. AITX continues to depend on outside financing, which may be dilutive to existing stockholders.
In terms of product focus, the company is concentrating its development resources on three core platforms: SARA, RAIA, and ROAMEO. Development of other applications, including versions 4.5 of AVA, ROSA, and RIO, as well as SARA Health and Fix, has been paused. The company also discontinued its standalone SARA Connect mobile apps for iOS and Android.
