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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  T.XTRA.WT | XTRAF

Xtract One Technologies Inc. is a technology-driven threat detection and security solution company leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company is engaged in the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution. It operates in two segments: Platform and Xtract segment. The Platform segment develops and commercializes an AI-powered threat detection gateway solution. The Xtract segment develops AI solutions for customers. Xtract One’s Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Video Recognition Software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive valuable intelligence for optimizing operations. It serves various industries, including arenas and stadiums, ticket venues and attractions, and casinos.


TSX:XTRA - Post by User

Post by mrpancakeon Oct 14, 2020 7:27pm
96 Views
Post# 31718623

no revenue in 4th quarter? seems so

no revenue in 4th quarter? seems so I don't know what type of accounter person would sign off on this; which is it you either have the revenue or you don't but to write up we expect 100% over the next 12 months is a real stretch even for the most creative accountant IMHO and as you all no I  am just a cook although no cook the books jokes here please...


Fiscal 2020 Fourth Quarter Financial Results • Revenue was $0.4 million for the fourth quarter ended July 31, 2020 as compared to $nil for the same period in 2019. • The Company had $0.4 million of deferred revenue and $1.2 million of contracted revenue not yet recognized as revenue as of July 31, 2020 of which we expect to recognize 100% as revenue over the next twelve months. • Net loss increased from $5.0 million in the fourth quarter ended July 31, 2019 to $6.4 million in the fourth quarter ended July 31, 2020. The increase in loss pertains mainly to increased personnel costs associated with the ramp up of operations and sales efforts.
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