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AITX (Artificial Intelligence Technology Solutions) Net Margin % : -292.41% (As of Aug. 2024)


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What is Artificial Intelligence Technology Solutions Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Artificial Intelligence Technology Solutions's Net Income for the three months ended in Aug. 2024 was $-3.93 Mil. Artificial Intelligence Technology Solutions's Revenue for the three months ended in Aug. 2024 was $1.34 Mil. Therefore, Artificial Intelligence Technology Solutions's net margin for the quarter that ended in Aug. 2024 was -292.41%.

The historical rank and industry rank for Artificial Intelligence Technology Solutions's Net Margin % or its related term are showing as below:

AITX' s Net Margin % Range Over the Past 10 Years
Min: -22876.42   Med: -2007.46   Max: 13995.65
Current: -490.01


AITX's Net Margin % is ranked worse than
98.32% of 2445 companies
in the Hardware industry
Industry Median: 2.62 vs AITX: -490.01

Artificial Intelligence Technology Solutions Net Margin % Historical Data

The historical data trend for Artificial Intelligence Technology Solutions's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Artificial Intelligence Technology Solutions Net Margin % Chart

Artificial Intelligence Technology Solutions Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,380.84 -1,634.07 -4,298.34 -1,359.53 -929.49

Artificial Intelligence Technology Solutions Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,233.16 -664.32 -864.61 -354.52 -292.41

Competitive Comparison of Artificial Intelligence Technology Solutions's Net Margin %

For the Computer Hardware subindustry, Artificial Intelligence Technology Solutions's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Artificial Intelligence Technology Solutions's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artificial Intelligence Technology Solutions's Net Margin % distribution charts can be found below:

* The bar in red indicates where Artificial Intelligence Technology Solutions's Net Margin % falls into.



Artificial Intelligence Technology Solutions Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Artificial Intelligence Technology Solutions's Net Margin for the fiscal year that ended in Feb. 2024 is calculated as

Net Margin=Net Income (A: Feb. 2024 )/Revenue (A: Feb. 2024 )
=-20.709/2.228
=-929.49 %

Artificial Intelligence Technology Solutions's Net Margin for the quarter that ended in Aug. 2024 is calculated as

Net Margin=Net Income (Q: Aug. 2024 )/Revenue (Q: Aug. 2024 )
=-3.93/1.344
=-292.41 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Artificial Intelligence Technology Solutions  (OTCPK:AITX) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Artificial Intelligence Technology Solutions Net Margin % Related Terms

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Artificial Intelligence Technology Solutions Business Description

Traded in Other Exchanges
N/A
Address
10800 Galaxie Avenue, Ferndale, MI, USA, 48220
Website
Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.