Artificial Intelligence Technology Solutions Inc. disclosed management's revenue targets for fiscal year 2027, aiming for approximately $1.7 million in monthly recurring revenue by February 28, 2027, driven by growth across its stationary and mobile security platforms.
Key takeaways
Management targets approximately $1.7 million in monthly recurring revenue by the end of fiscal year ending February 28, 2027, which annualizes to roughly $20 million.
The stationary device business from subsidiary Robotic Assistance Devices, Inc. is expected to approach $1 million in monthly recurring revenue by fiscal year-end, supporting the objective of achieving positive operational cash flow.
The ROAMEO autonomous mobile security patrol vehicle is targeted to contribute over $200,000 in monthly recurring revenue, with the SARA platform contributing an additional $500,000 or more.
Management estimates the long-term addressable market for ROAMEO exceeds 50,000 units across the United States and Canada, 20,000 units across Latin America, and 50,000 units across Europe and parts of the Middle East.
The company maintains a sales pipeline that includes over 35 Fortune 500 companies and expects continued growth as opportunities convert into deployed clients generating recurring revenue streams.
The company's solutions are designed to deliver cost savings of between 35% and 80% compared to traditional manned security and monitoring, targeting the nearly $50 billion security and guarding services industry.