Exciting Sales Growth, New Innovations, and Crime TV Show! - AITX CEO Update

Exciting Sales Growth, New Innovations, and Crime TV Show! - AITX CEO Update

Table of Contents:

1. Introduction
2. Weekly Video Mishap
3. Sales Performance and Goals
4. Press Releases
5. New Applet Announcement
6. TV Show Filming
7. Plans for Doubling Production
8. Non-Dilutive Inventory Financing
9. Outlining the Next Chapter
10. Conclusion

Introduction

Hello everyone, I'm Steve Rehire, the CEO of Artificial Intelligence Technology Solutions. Thank you for tuning in to this weekly video update. Today, I have a lot of exciting news to share with you. From sales performance to press releases and even our recent involvement in a crime TV show, there's plenty happening at AITX.

Now, let's get started with an overview of what you can expect in this video.

Weekly Video Mishap

Before we dive into the details, I want to acknowledge that this is actually my Second take at Recording this weekly video. The first one, unfortunately, had some technical difficulties, and the audio track didn't Record properly. But don't worry, I'm just as excited to share this information with you now. So, let's move on.

Sales Performance and Goals

Let's begin with some great news regarding our sales performance. Our sales are steadily tracking well, with a year-over-year increase of 400 to 500% compared to the previous year. This is a significant achievement and shows that we are maintaining the Momentum we established last year. With this growth, we are getting closer to reaching our goal of $700,000 in monthly SAS revenue. We'll discuss this goal in more detail later on.

Press Releases

We recently issued two press releases that I want to highlight. The first one, released on Monday, confirmed our strong sales performance and reflected our commitment to maintaining steady growth. The second press release, issued on Thursday, introduced a new applet—a standalone tool that allows users to scrub faces out of videos without sending the video to the cloud. This applet not only showcases our innovative solutions but also demonstrates our responsiveness to client needs. We take pride in listening to our customers and incorporating their suggestions into our development process.

New Applet Announcement

Now let's delve deeper into the new applet announcement. The standalone applet we introduced is a Game-changer, as it provides users with greater control over their videos' privacy without compromising convenience. By allowing face scrubbing directly on the user's device, we ensure heightened security and demonstrate our commitment to client satisfaction. This development sets us apart from other players in the industry and exemplifies our dedication to being a leader in responsive technology solutions.

TV Show Filming

In other exciting news, we recently wrapped up filming a crime TV show that featured our cutting-edge technology. While we may not have complete control over how our technology is depicted in the show, our technician on set has shared some promising feedback. It seems that our technology, particularly our remarkable dog-centric features, played a more significant role than initially anticipated. This exposure on a popular TV show will undoubtedly increase brand awareness and draw more attention to our products. We anticipate the episode will air sometime between the end of February and mid-April, and we couldn't be more thrilled about this opportunity to showcase our technology to a wider audience.

Plans for Doubling Production

Now, let's talk about our plans for doubling production. We recognize the need to Scale our operations to keep up with the increasing demand for our products. After careful analysis, we have devised a plan to achieve this goal without resorting to a second shift. By optimizing our current shift and maximizing productivity, we believe we can reach production levels of 35 to 40 units per week, a significant increase from our current output. This is an essential milestone for us and paves the way for further growth and success.

Non-Dilutive Inventory Financing

To support our production expansion plans, we have secured a line of non-dilutive inventory financing. This financing method allows us to increase our inventory without diluting our existing shares or burdening our shareholders. This significant achievement aligns with our goal of sustainable growth and financial stability. We are confident that this financing solution will provide us the resources needed to fulfill increasing demand and achieve our production targets.

Outlining the Next Chapter

Looking beyond our current achievements, we are focused on outlining the next chapter for AITX. This next phase entails numerous milestones and targets that will drive our growth even further. One of our primary objectives is to reach $700,000 in monthly recurring SAS revenue. This revenue goal, combined with other benchmarks such as cash flow and deployment targets, will solidify our position as a growing and successful company. As we embark on this new chapter, our organization will evolve, allowing us to enhance the customer experience and create more opportunities for our team members.

Conclusion

In conclusion, AITX continues to experience significant growth and success. Our sales performance, recent press releases, involvement in a crime TV show, and plans for production expansion all contribute to our exciting journey. We are confident in our ability to navigate this new chapter successfully, thanks to our experienced team, non-dilutive financing, and our commitment to customer satisfaction. As always, I appreciate your support and look forward to sharing more updates and accomplishments with you in the future.

Please feel free to leave any comments or questions below, and I'll be more than happy to respond. Thank you for watching, and I hope you have a fantastic weekend!

FAQ:

Q: When will the crime TV show episode featuring AITX technology air? A: The episode is expected to air between the end of February and mid-April.

Q: How is AITX financing its inventory expansion? A: AITX has secured non-dilutive inventory financing to support its production expansion plans.

Q: What is the revenue goal AITX aims to achieve? A: AITX aims to reach $700,000 in monthly recurring SAS revenue.

Q: Will there be any changes in the roles of the AITX leadership team? A: Yes, as AITX evolves, certain roles within the leadership team may change to meet the needs of the organization and facilitate further growth.

Q: How is AITX prioritizing customer satisfaction? A: AITX is committed to listening to customer feedback and incorporating their suggestions into the development process to ensure a superior customer experience.

Q: How is AITX differentiating itself from others in the industry? A: AITX's emphasis on responsiveness to client needs, as demonstrated by the new applet and other developments, sets it apart from competitors.