Business
infinitii ai ramped revenue growth by 16% while reducing total comprehensive loss by 46% for the nine month period ended March 31, 2025
Today infinitii ai inc. ("infinitii ai" or the "Company") (CSE: IAI) (FSE: 7C5) (OTC: CDTAF), a leader in AI-driven predictive analytics software for Smart City water and Smart Industry infrastructure applications that rely on time-series data, released financial highlights for the nine-month period ended March 31, 2025. A complete set of March 31, 2025 Consolidated Financial Statements and Management's Discussion & Analysis has been filed at www.sedarplus.ca.
About this update from Infinitii Ai Inc
[{"type":"text","content":"VANCOUVER, BC, May 28, 2025 /CNW/ - Today infinitii ai inc. ("infinitii ai" or the "Company") (CSE: IAI) (FSE: 7C5) (OTC: CDTAF), a leader in AI-driven predictive analytics software for Smart City water and Smart Industry infrastructure applications that rely on time-series data, released financial highlights for the nine-month period ended March 31, 2025. A complete set of March 31, 2025 Consolidated Financial Statements and Management's Discussion & Analysis has been filed at www.sedarplus.ca.","length":548,"tagName":"p"},{"type":"text","content":"Management's quarterly commentary ","length":37,"tagName":"p"},{"type":"text","content":""We closed Q3 with a 16% year-over-year increase in revenue and a 46% reduction in our total comprehensive loss," said Jean Charles Phaneuf, CEO of infinitii ai. "Our sales momentum remained strong, driven by deeper collaborations with engineering services firms that value our leadership in smart infrastructure technology. A 2022 real-time reporting and analytics program concluded at the Los Angeles County Sanitation Districts ("LACSD") resulting in an estimated shortfall of $70,000 in this quarter, but we demonstrated resilience by successfully substituting this revenue with new customer acquisitions and professional services contracts. It's important to note that this change at LACSD does not impact our longstanding contract with the City of Los Angeles."","length":801,"tagName":"p"},{"type":"text","content":"Financial highlights for the nine-month period ended March 31, 2025","length":67,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"For the nine-month period ended March 31, 2025, the Company generated total revenues of $2,063,123 compared to $1,783,032 during the same period in 2024, representing a 16% increase.","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"Total comprehensive loss for the nine-month period decreased by $335,594 from $775,138 in the period ended March 31, 2024, to $419,544 in the period ended March 31, 2025, representing a 46% decrease.","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating expenses of $2,505,793 for the nine-month period ended March 31, 2025 declined by 3% compared to $2,577,686 in the previous nine-month peri...