infinitii ai (IAI) AI Stock Analysis

• Market Cap: C$4.88M
• Dividend Yield: N/A
• Average Volume (3M): 132.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: 0.22%
• EPS Growth: -1.49%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 139,540,010
• 10 Day Avg. Volume: 202,686
• 30 Day Avg. Volume: 132,951
• PEG Ratio: 0.30
• Price to Book (P/B): -5.01
• Price to Sales (P/S): 2.19
• P/FCF Ratio: -11.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: C$0.03 ▼(-17.50% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily constrained by weak financial performance—especially the sharp TTM revenue collapse, ongoing losses and cash burn, and a pressured balance sheet with negative equity and higher debt. Technical indicators are modestly negative (MACD below zero, RSI ~40) and valuation offers limited support given negative earnings and no dividend.

Positive Factors

Large addressable market: smart cities & transport

Infinitii AI's software targets transportation and smart-city stakeholders—public agencies and planners. That addresses a structural market with ongoing needs for traffic analytics and planning; public-sector use cases tend to be mission-critical and can support recurring, durable demand.

Very high gross margins consistent with software model

Reported gross margins near 100% point to a software-centric, low incremental cost business. Such unit economics enable strong operating leverage if revenue stabilizes, allowing incremental sales to contribute disproportionately to profitability over the medium term.

Demonstrated historical revenue expansion (pre-TTM)

The firm increased annual revenues from ~2.05M to ~2.69M across FY2023–FY2025, evidencing prior ability to grow sales. This track record suggests the company has product-market fit potential and a baseline commercial capability to rebuild revenues after operational disruptions.

Negative Factors

Massive recent revenue collapse (TTM)

A ~98% TTM revenue decline is a severe structural shock that destroys scale, undermines fixed-cost coverage and customer momentum, and sharply reduces cash generation. Recovery will require new contracts or market re-entry and poses sustained execution risk over months.

Negative equity and rising debt weaken flexibility

Negative shareholder equity with rising debt and sub-$1M assets creates a thin capital base. This limits refinancing options, raises dilution and creditor risk, and constrains the company's ability to invest or absorb further shocks without costly external funding.

Persistent negative operating and free cash flow

Continuous negative OCF and FCF indicate ongoing cash burn and reliance on external financing. This structural cash weakness restricts sustainable investment in product, sales, or R&D and increases the probability of dilution or constrained growth until self-funding is achieved.

infinitii ai Business Overview & Revenue Model

Company Description

infinitii ai inc. operates as an industrial Internet of Things and big data as a service company in Canada and the United States. The company operates in three segments: Data Services, Data Hosting, and Sale of Environmental Sensors. It offers collection, storage, and analytic solutions for data-centric organizations. The company's products and solutions enable clients to analyze and model environmental data through a network of custom sensor arrays combined with Software-as-a-Service-based monitoring, reporting, and predictive modeling applications; and provides the scalability required to monitor data collected by government and industrial customers. Its product portfolio includes predictive analytics software for industrial and Smart City infrastructure applications that works on time-series data; and software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, and accepts various types of data from source, as well as offers predictive and prescriptive analytics. The company was formerly known as Carl Data Solutions Inc. and changed its name to infinitii ai inc. in October 2022. infinitii ai inc. was incorporated in 2014 and is headquartered in Vancouver, Canada.

How the Company Makes Money

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infinitii ai Financial Statement Overview

Summary

Weak fundamentals: TTM revenue fell ~98%, profitability remains negative (TTM EBIT margin ~-23%, net margin ~-36%), cash flow is consistently negative (TTM OCF/FCF about -0.53M), and the balance sheet shows negative equity with rising debt—indicating elevated liquidity and dilution/refinancing risk.

Income Statement

Revenue expanded across FY2023–FY2025 annual reports (from ~2.05M to ~2.69M), but the TTM (Trailing-Twelve-Months) figure shows a sharp drop in revenue (down ~98%), signaling a major near-term demand or contract disruption. Profitability remains weak: despite extremely high gross margin in recent periods (~100%), operating losses persist (TTM EBIT margin ~-23%) and net losses remain sizable (TTM net margin ~-36%). The trajectory of margins has improved materially versus FY2022–FY2023 (when losses were far deeper), but the business is still not near break-even and the TTM revenue collapse is a key risk.

Balance Sheet

The balance sheet is pressured by negative shareholder equity in the most recent periods (FY2023 onward through TTM), which reduces financial flexibility and raises refinancing/dilution risk. Debt has increased versus earlier years (from ~0.52M in FY2022 to ~1.78M in TTM) while total assets remain under 1.0M in the latest period, indicating a leveraged and thin capital base. While reported returns on equity appear positive recently, this is driven by losses against negative equity and does not reflect underlying strength.

Cash Flow

Cash generation remains a concern: operating cash flow and free cash flow are negative every year shown, including TTM (both about -0.53M), indicating the company is still consuming cash to operate. Cash burn improved versus FY2022–FY2023 (when operating cash outflows were larger), but the latest TTM does not show a clear step-change toward self-funding operations. With persistent negative free cash flow alongside a weakened equity position, funding needs remain an overhang.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	2.57M	2.69M	2.41M	2.05M	1.62M	2.63M
Gross Profit	2.57M	2.69M	2.41M	2.05M	239.91K	285.84K
EBITDA	-645.76K	-457.98K	-831.47K	-2.50M	-2.17M	-3.83M
Net Income	-981.90K	-778.63K	-1.01M	-2.62M	-2.46M	-4.63M
Balance Sheet
Total Assets	895.12K	840.88K	952.66K	1.07M	1.73M	4.19M
Cash, Cash Equivalents and Short-Term Investments	265.20K	141.29K	326.69K	474.34K	1.19M	2.90M
Total Debt	1.78M	1.31M	1.44M	1.01M	521.66K	598.32K
Total Liabilities	2.30M	2.02M	2.23M	1.67M	1.14M	1.41M
Stockholders Equity	-1.41M	-1.18M	-1.28M	-598.18K	584.20K	2.78M
Cash Flow
Free Cash Flow	-527.44K	-530.73K	-661.80K	-1.23M	-1.59M	-1.11M
Operating Cash Flow	-527.44K	-530.73K	-661.80K	-1.23M	-1.59M	-1.11M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	524.67K	336.14K	499.06K	469.06K	-143.49K	3.93M

infinitii ai Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IAI, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IAI.

infinitii ai Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ISFT	46 Neutral	C$4.48M	-125.62	―	―	10.05%	-93.75%
VSBY	41 Neutral	C$12.83M	-0.81	1281.62%	―	―	―
IAI	41 Neutral	C$4.88M	-5.23	―	―	0.22%	-1.49%
ALY	41 Neutral	C$2.43M	4.25	40.00%	―	11.29%	―

infinitii ai Corporate Events

Infinitii ai lifts Q2 revenue, fortifies balance sheet with oversubscribed financing

Infinitii ai reported sequential revenue growth in its fiscal Q2 2026, with revenue rising to $640,827 and 100% customer retention, while an oversubscribed $610,000 convertible debenture financing led by strategic investors significantly reduced accounts payable and strengthened its balance sheet. The company highlighted improved operating performance, disciplined cost management, and new relationships with two large infrastructure engineering firms that are expected to accelerate revenue in the second half of FY2026, further entrenching its position in AI-driven water and industrial infrastructure analytics through expanded deployments in U.S. and Canadian municipalities and a deepening network of engineering partners.

The most recent analyst rating on (TSE:IAI) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on infinitii ai stock, see the TSE:IAI Stock Forecast page.