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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 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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Xtract One Technologies Inc. (XTRA) announced strong preliminary first quarter 2024 financial results, including a total contract value of new bookings of $9.6M, expected record revenue of $2.9M to $3.2M, and a gross profit margin of 64%-67%. The Company's CEO, Peter Evans, highlighted the significant increase in contractual backlog and agreements pending installation, positioning the Company for continued growth in fiscal 2024.
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Xtract One Technologies (XTRA) to Deploy SmartGateway System at CPKC Stadium, Enhancing Venue Safety and Patron Experience. The 11,500-capacity stadium, built for the NWSL, will prioritize streamlined security measures and efficient patron screening using AI-powered sensors.
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Xtract One Technologies Inc. achieves record platform bookings and revenue driven by unprecedented market demand. Revenue increased by 365% from last year for the Platform operating segment. Total contract value of new bookings for the Platform segment increased by 344%. The Company completed a strategic investment of $13.4 million and entered into commercial agreements with Sphere Entertainment Co. and Oak View Group. They also secured contracts with several sport and entertainment venues. The Company's total revenue for the year was $4.1 million, and they reported a loss of $16.3 million. For the fourth quarter, revenue was $1.8 million, representing an increase of 123% from the previous year.
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FAQ
What is the current stock price of XTRACT ONE TECH (XTRAF)?
The current stock price of XTRACT ONE TECH (XTRAF) is $0.363 as of January 29, 2025.
What is the market cap of XTRACT ONE TECH (XTRAF)?
The market cap of XTRACT ONE TECH (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 TECH INC