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Bullboard - Stock Discussion Forum 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... see more

TSX:XTRA - Post Discussion

Xtract One Technologies Inc. > Financials are Up!
View:
Post by Nightstocker on Mar 16, 2021 5:41pm

Financials are Up!

Lets see what we got...
Comment by Nightstocker on Mar 16, 2021 6:06pm
No real surprises, other than to see how badly they were hemorraging money under Cronin. Minimal revenue, took advantage of some Covid financial assistance. Yada, yada, yada... It's not great, but nothing unexpected. This is the info that piques my interest: Some of the Company’s current opportunities involve working with organizations who have hundreds, or in some cases thousands, of ...more  
Comment by TheBigW81 on Mar 16, 2021 6:24pm
As i posted the other day this will start to see a turn around once this world starts to see a light in this covid tunnel. Still wont need any financing for another couple quarters hopefully. Or if they get some big deals this might cover cash flow. Im going to hold. Add on dips.
Comment by dontfollow on Mar 16, 2021 7:05pm
What? They will need to raise cash in the end of summer unless something drastic happens with contracts and sales. Or do you think they will wait until they have 0 in the bank before they issue a raise? Lol they burn through more than $4 mil each quarter (pre-funding, so much for cutting non-strategiccost eh?), with $2 mil in RnD expenses, and have nothing to show for it. A big fat 0 in sales ...more  
Comment by TheGesharoo on Mar 16, 2021 7:09pm
Okay, settle down.  There was not a single surprise in these financials. Everybody take a breath, and now wait for what's coming next.  News of sales.  If you can't handle the stress liquidate your position - I'd be happy to pick them up on the cheap. Jeesh...   g
Comment by Nightstocker on Mar 16, 2021 7:20pm
Gesh, I'm going to go out on a limb here (cause I blocked his blatherfests a few weeks ago) and say dontfollow is doing his chicken little thing..."OMG the sky is falling, the sky is falling!!!... Am I right?
Comment by TheGesharoo on Mar 16, 2021 7:21pm
you got a bingo there! g
Comment by Nightstocker on Mar 16, 2021 7:35pm
Ugh, what a jabroni. I'm actually excited...Pat's still firm on their statements regarding involvement with big companies wanting Pat's products [LOVE hearing "thousands of locations"] Evans is not backing down on a monster second half either.  Dontfollow, if you're there, you need to unf*ck yourself, take the nude Cronin poster off your ceiling, grab a mitt and ...more  
Comment by TedOrlow on Mar 17, 2021 7:06am
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Comment by TedOrlow on Mar 17, 2021 7:19am
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Comment by notacasino on Mar 17, 2021 8:41am
HERE IS THE MENTION OF THE THOUSANDS OF LOCATIONS  (bottom of page 5 of yesterday's MD&A) Market Opportunity During the quarter, the Company revamped its sales and marketing strategy to focus on near-term customers. Previously, the Company focused on all markets in need of enhanced security solutions where the Company’s products could add value. In the short term, the company is now ...more  
Comment by TedOrlow on Mar 17, 2021 9:54am
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Comment by BaronBuffett on Mar 16, 2021 7:49pm
Ok, Karen.
Comment by Rick311 on Mar 17, 2021 10:05am
Maybe one of these? "and certain manufacturing and logistics organizations, who require patronage or employees physically at their locations in order to be operational."
Comment by Nightstocker on Mar 17, 2021 10:32am
If they managed to get Amazon, the worm will have officially turned. I know that's pie in the sky right now, but it's fun to speculate...
Comment by TheGesharoo on Mar 17, 2021 10:48am
Amazon has 185 distribution hubs worldwide. Walmart has over 4700 stores in north america. obviously landing both these accounts would be enormous, those two subscriptions would provide instant fiscal stability - I'm assuming the subscription fee schedule would factor in number of locations installed. but there are a lot of others that would be juicy....home depot, rona, bass pro (as ...more  
Comment by TedOrlow on Mar 17, 2021 11:11am
This post has been removed in accordance with Community Policy
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