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XTRACT ONE TECH INC (XTRAF) is a leading technology company specializing in SmartGateway Advanced Weapons Detection Solutions. Their AI technology validates and enables major sports leagues to adopt cutting-edge security solutions. Xtract One aims to provide safe and streamlined patron experiences at various venues with their innovative products.
Recently, the company reported a record quarterly revenue of $9.5 million in new bookings, reflecting a strong financial outlook for the future. XTRACT ONE TECH INC is committed to leveraging its expertise to enhance security measures and deliver top-notch solutions to its clients.
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Xtract One Technologies, a leading threat detection and security solution provider, has been awarded the U.S. Department of Homeland Security SAFETY Act Designation for its Multi-Sensor-Gateway portfolio, enabling major sports leagues to adopt SmartGateway Advanced Weapons Detection Solutions. This designation validates the efficacy of Xtract One's AI technology in safeguarding public spaces against modern threats, positioning the company as a trusted partner for professional sports leagues. The SmartGateway technology replaces traditional metal detectors with fast, accurate, and seamless screening solutions, optimizing the patron experience by ensuring safety without compromising comfort.
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Xtract One Technologies partners with American Bank Center to enhance security measures, attendee experience, and venue operations. The SmartGateway system will be used to secure all entrances at the multi-use entertainment venue, providing fast, reliable, and seamless screening solutions for large events.
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Xtract One Technologies partners with Oak View Group to bring AI-powered security solution to Co-op Live in Manchester, England, improving fan experience and security capabilities for the record-breaking arena.
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Xtract One Technologies Inc. (XTRAF) reports strong year-over-year growth in fiscal second quarter results, with revenue reaching $2.9 million, gross margin at 61.1%, and new customer wins in various market segments. The company's total contract value of new bookings was $5.1 million, with a platform contractual backlog of $12.2 million. Despite a loss of $3.3 million, Xtract One remains optimistic about its record-setting performance and growth prospects.
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Xtract One Technologies Inc. has filed a final short form base shelf prospectus, allowing the company to offer and issue up to $50 million of securities over a 25-month period. The company has no immediate intentions to undertake an offering, and the securities have not been registered under the U.S. Securities Act of 1933. The Shelf Prospectus is available on SEDAR+.
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Xtract One Technologies partners with the Wisconsin Center District to implement the SmartGateway system at Baird Center, Wisconsin's largest convention center. This three-year partnership marks the company's first with a convention center and aims to provide advanced weapons detection without alerting on increasing levels of clutter typical of patrons at convention centers, commercial properties, and schools. The SmartGateway system will enable advanced and unobtrusive throughput for all patrons entering the convention center, aligning with WCD's top priority for providing safe, fully accessible, and respectful facility services to all visitors.
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Xtract One Technologies (XTRAF) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies on the OTCQX Best Market based on 2023 total return and average daily dollar volume growth. This is the second consecutive year the company has made the list, with the 2024 OTCQX Best 50 companies trading an aggregate $11.4 billion in dollar volume in 2023 and delivering a median total return of 77%. The company's CEO, Peter Evans, expressed gratitude for the recognition and emphasized the company's commitment to innovation and expansion.
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Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) announced the selection of its SmartGateway system to protect all entrances of H-E-B Center at Cedar Park, a 8,000-capacity multi-purpose entertainment facility in Central Texas. The partnership aims to enhance security measures, reduce wait times, and improve the overall entertainment experience for patrons.
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Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) reported record-breaking financial and business performance for the first quarter ended October 31, 2023. The company saw a 231% increase in total contract value of new bookings, a 393% increase in platform contractual backlog, and a 602% increase in revenue for the Platform operating segment. Additionally, the company expanded into the healthcare and sports markets, securing contracts with major organizations and demonstrating significant growth potential.
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Xtract One Technologies (XTRA) to Deploy SmartGateway System in Indianapolis-based Community Health Network Hospitals
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FAQ
What is the current stock price of Xtract One Technologies (XTRAF)?
The current stock price of Xtract One Technologies (XTRAF) is $0.2841 as of March 3, 2025.
What is the market cap of Xtract One Technologies (XTRAF)?
The market cap of Xtract One Technologies (XTRAF) is approximately 82.1M.
What does XTRACT ONE TECH INC specialize in?
XTRACT ONE TECH INC specializes in SmartGateway Advanced Weapons Detection Solutions using innovative AI technology.
What recent achievements has the company made?
The company recently reported record quarterly revenue of $9.5 million in new bookings.
How does XTRACT ONE TECH INC contribute to venue safety?
XTRACT ONE TECH INC prioritizes safe and streamlined patron experiences at various venues.
How does the company enable major sports leagues?
The company's AI technology validates and enables major sports leagues to adopt cutting-edge security solutions.
Who can be contacted for further information about XTRACT ONE TECH INC?
For further information, please contact Xtract One Inquiries at info@xtractone.com or Media Contact Kristen Aikey at kristen@jmgpr.com.
Does XTRACT ONE TECH INC have Investor Relations?
Yes, XTRACT ONE TECH INC has Investor Relations managed by Chris Witty from Darrow Associates.
What is XTRACT ONE TECH INC's financial outlook?
XTRACT ONE TECH INC's financial outlook remains strong with the recent report of record quarterly revenue.
What is the core focus of XTRACT ONE TECH INC's products?
The core focus of XTRACT ONE TECH INC's products is to provide advanced weapons detection solutions for enhanced security measures.
Who handles media relations for XTRACT ONE TECH INC?
Media relations for XTRACT ONE TECH INC are handled by Kristen Aikey from JMG Public Relations.
How does XTRACT ONE TECH INC leverage its expertise?
XTRACT ONE TECH INC leverages its expertise to deliver top-notch security solutions to its clients.
Xtract One Technologies Inc.