Recurring monthly revenue increased 12.4% over two months, and that growth came from RAD’s stationary device business. RAIA, ROAMEO and SARA did not drive that increase.
In this week’s update, AITX CEO Steve Reinharz explains how that growing revenue foundation, combined with lower operating costs, supports the company’s January target for positive operating cash flow. He discusses a recurring revenue run rate approaching $8 million annually and connects this week’s announcements to the work of closing the cash flow gap.
Following RAIA’s introduction, the team is working through the transition from prototypes to production units for customers. Steve explains why the January plan does not depend on RAIA revenue, which he does not expect until April, and includes only modest revenue from SARA and ROAMEO.
ROAMEO’s upcoming pilot at a corrections facility presents another opportunity. Steve discusses its potential to expand if the evaluation succeeds, while explaining how engineering priorities have shifted toward products with nearer term revenue potential.
There is also an early update on an unnamed application for consumers and small businesses. Steve shares that the project has received verbal approval from a partner, with a potential launch in the coming weeks.
Watch Steve connect the revenue growth, product decisions and deployment opportunities to milestone one: revenue covering the day to day cash costs of running the company.
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- AITX Company Profile
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- Recent AITX Press Releases
- Roadmap Manifest
- AIR Manifesto
- "Navigating the New Economy" booklet
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