AITX CEO Steve Reinharz explains why he chose to delay the Company’s Form 10-Q filing while seeking additional information on a debt-related question. In this brief October 17 weekly update, Steve discusses the decision and his expectation that the report will be filed within the applicable extension period.
Steve also touches on the Company’s previously announced cost-cutting program, which he says is beginning to yield additional results. He discusses the importance of those efforts to the December objective of reaching neutral or positive operational cash flow, with further details expected in the coming week.
With quarterly financial highlights still to come, Steve previews a busy week ahead and plans to discuss the results in greater detail in the next weekend update.
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