Replies to post #36725 on Artificial Intelligence Technology Solutions Inc (AITX)

[JustJack]

Thanks for the info!!!

RAD has commenced to deploy robots to end users.

To date RAD has commitments for 62 robots for total contract values of approximately $6 million.

RAD currently has signed agreements for 2 POC's with major companies.

RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.

[JustJack]

This part is very cool also!

RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017
50 robots by the end of the first quarter of 2018
90 robots by the end of the second quarter of 2018
160 robots by the end of the third quarter of 2018
240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year...

[JustJack]

That is a crazy LOW number for a penny stock.

Thanks for verifying that!

yep 120 million plus OS

[pcjr1969]

read the numbers again they plan on doing 240 bots in 4q of 2018. add all the numbers together to get 560. Very aggressive number but they are putting the pieces into place to do it.

I know the 10q has to be good because no one is talking about missing it anymore.