Predictiv AI Reports Q4 2021 & Fiscal 2021 Financial Results

TORONTO, June 3, 2021

Corporate and Business Highlights – FY2021

• Established AI Labs Inc. ("AI Labs") as a wholly owned subsidiary, to design and develop new products and established SMRT Labs Inc. ("SMRT Labs") as a joint venture company to commercialize ThermalPass. SMRT Labs is owned 51% by AI Labs and 49% by Commersive Solutions Corp., a developer of integrated, point-of-sale technologies that creates unique retail experiences.
  
  
• The Company secured Health Canada approval to deploy breakthrough fever detection system, ThermalPass.
  
  
• Weather Telematics Inc. launched Alert Fleet, a cost-saving software/sensor system that will provide fleet owners with the tools they need to run significantly safer and more efficient fleets.
  
  
• Secured a multi-year agreement with Synoptic Data PBC for data provision services. This licensing contract will generate seven-figure revenue over the term for Weather Telematics and will launch its next generation of weather and road temperature sensors, which turns vehicles into their own mobile weather stations.
  
  
• Created a joint force with Get Ready^TM and Protect Your Office to create Safe Site Global Association.
  
  
• Formed partnership with Sigfox Canada to enter into global sales channel and technology integration for ThermalPass^TM.
  
  
• Added TFG Concepts Inc. as a channel reseller to drive sales across Canada.
  
  
• Enhanced ThermalPass sales channel by adding MCL Sustainable Cleaning Solutions as a channel reseller and distributor to drive sales in the K12 education, health care, hospitality, food service, commercial real estate, long-term care, and government sectors across Canada.
  
  
• Formed a new strategic channel partnership with inField Solutions Inc. to commercialize Alert Fleet.
  
  
• Formed partnership with Security Identification Systems Corp. ("SISCO"), to pairing ThermalPass with SISCO Fast-Pass®Vistor Management System to assist with track-and-trace efforts and to provide enhanced peace of mind to building occupants and visitors.
  
  
• Created partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo. This partnership will allow PAI Inc's subsidiary, AI Lab Inc. to pursue its various innovations through leveraging Waterloo.AI as an extension of the Predictiv AI team.
  
  
• WTX Inc. has formalized a strategic product integration partnership with Propel IT Inc. ("Propel"). The new partnership will significantly enhance available real-time data to which drivers and dispatchers can access. WTX's hyperlocal, advanced road weather hazard alert system warns drivers of impending dangerous conditions such as black ice, poor visibility, and hydroplaning.

Financial Highlights for the Year Ended January 31, 2021

Year Ended January 31st	2021		2020 ARIVA.DE Börsen-Geflüster Kurse Predictiv AI 0,005 $ -50,0%
Revenue	$	78,324	$	329,699
Operating and development expenses	1,842,597		1,424,693
Loss before amortization, share-based payments, depreciation, finance charges and taxes	(1,764,273)		(1,094,994)
Share-based payments, depreciation, and impairment loss in goodwill	(1,636,821)		(864,037)
Change in fair value of contingent consideration and revaluation of derivative liability warrants	(3,280,875)		66,338
Share of loss of joint venture	(498,469)		-
Finance charges, Loss on investment, taxes and foreign exchange	(62,979)		277,622
Net loss and Total comprehensive loss	(7,243,417)		(2,051,725)
Loss per share (basic and diluted)	$	(0.12)	$	(0.05)

• Revenue for the year ended January 31, 2021 totalled $78,324 as compared to $329,699 in FY2020 in addition the SMRT Labs joint venture recorded revenues of $140,531.
  
  
• Operating and development expenses for the year ended January 31, 2021 totalled $1,842,597 compared to $1,424,693 in 2020.
  
  
• Net loss for the year ended January 31, 2021 totalled $(7,243,417) or $(0.05) loss per share (basic) based on 35.5 million shares and $0.03 earnings per share (fully diluted) based on 39.5 million shares as compared to a net profit of 162,566 for 2019 or $0.00 earnings per share (basic and diluted) based on 61.8 million shares.
  
  
• Loss before amortization, impairment loss, share-based payments, depreciation, finance charges and taxes was $(1,764,273) compared to $(1,094,994) in 2020.

 Listed below is the impact of non-cash items recorded during FY2021:

Adjusted comprehensive loss increased from $(1,254,026) in 2020 to $(2,325,721) in 2021 primarily due to the Company's share of loss of joint venture of $(498,469) and increase in professional fees.

Fourth Quarter Ended January 31, 2021

Financial Highlights

Fourth Quarter Ended January 31st	2021		2020
Revenue	$	4,971	$	89,596
Operating and development expenses	370,412		194,171
Loss before amortization, share-based payments, depreciation, finance charges and taxes	(365,441)		(104,575)
Share-based payments, depreciation, finance charges, taxes and foreign exchange depreciation	(891,801)		(817,434)
Change in fair value of contingent consideration and revaluation of derivative liability warrants	(3,280,875)		66,338
Share of loss of joint venture	(498,469)		-
Finance charges, Loss on investment, taxes and foreign exchange	(3,987)		(26,857)
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