- The company has developed a security robot named ROAMEO and is valued at more than $700 million as of time of writing.
- However, the latest quarterly revenues were less than $0.12 million and Artificial Intelligence Technology Solutions is losing money.
- What's worse, it has a negative working capital of $15.7 million as well as various convertible notes with interest rates of 10% and above.
- The main driver behind the company’s soaring share price seems to be high retail investor interest, which emerged a few weeks ago.
- I doubt the business is worth much considering the weak revenues and balance sheet.
For further details see:
Artificial Intelligence Technology Solutions Is An Overvalued AI Company