$3M Per Year Recurring Revenue Expected from a Single Client Upon Full Deployment by AITX’s Subsidiary Robotic Assistance Devices
As of November 28, 2023, this single client has placed orders totaling 140 devices.
- As of November 28, 2023, this single client has placed orders totaling 140 devices.
- Currently, RAD’s factory (the ‘REX’) can produce up to 40 RIO devices per month alongside the required ROSAs.
- Upon full deployment to this client, the Company contracts indicate that over $250K in recurring monthly revenue (RMR) will be generated and should total over $3 million per year.
- RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.