+400% Change In YoY Q2 Revenue Sends Tech Company Soaring

A Minnesota-based tech firm just reported a revenue increase of over +400% YoY for the second quarter of 2021.

"The first half of our fiscal year saw continued progress, development, plus exponential sales growth," said Steve Reinharz, President and CEO of the company. “Both subscription revenues and sales revenues saw dramatic increases year over year.” Shares of Artificial Intelligence Technology Solutions Inc. (OTCPK:AITX) rallied strongly on the news.

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.

Traders were bullish on the news as shares have traded up to $0.0417/share (+13.01%) at the time of writing. This is the third consecutive day in the green for this micro cap.