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Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s):  T.XTRA.W | 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

Comment by Golden100on Aug 04, 2023 11:20pm
76 Views
Post# 35574541

RE:Complaining about marketing is wrong. It’s a cash flow issue

RE:Complaining about marketing is wrong. It’s a cash flow issueI think you hit the nail on the head VG. It's all about the cash. We are on a tight budget and it is important to be frugal in order to support the business. We need a sugar daddy to avoid dilution. Evans has made reference to many potential clients kicking the tires so I am sure there is not a shortage of new clients. I am sure a number of units are being held on to accomadate the Sphere in September plus Madison Square Garden and some of the MSG theaters in the fall and winter.  The problem is we will not see revenue from these venues for a while. It seems interesting  to me that some of the newest wins have been mostly from new verticals such as schools, hospitals  government VA hospitals and the Sphere in Vegas. Hard to pass up new verticals. The world is our oyster. We just need to find ways to capitalize on these opportunities with new capital. Hopefully Evans can pull another rabbit out of his hat
 
 
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