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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 Nov 15, 2023 9:50am
75 Views
Post# 35736578

RE:Where is Investor relations?

RE:Where is Investor relations?I get the frustrations about news releases but let's say there are a lot of contracts coming to fruition anyway in the next while. I have been led to believe these news releases cost money and could be very expensive. We are on a very tight budget as we are striving for break even or cash neutral to avoid another financing and dilution. We do not see what is coming down the pipe and I am hoping there are many more contracts coming soon. Therefore it would not be necessary to use our limited cash reserves for each announcement as the contracts are building on their own anyway. Once our finances are under control and we do not need to worry about financing and dilution to keep us going then sure go ahead and spend the money. Evans also talked about increasing our manufacturing and inventory 4x to 8x in the next 8 months. That wont be cheap. I know where I would rather spend our limited cash. After all we are not like Evolv. Thank goodness. It boils down to trusting management decisions. We do not have insight as to what is going on in the background. He is doing well for us so far. Everyone needs to relax. 
 



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