Bullboard - Stock Discussion Forum 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... see more

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Xtract One Technologies Inc. > Industry situation

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Post by Baxbax on May 10, 2024 8:44am

Industry situation

Dont want to talk about E but interesting they flattened yearly estimates, roughly from 115m to 100m. Obviously with a miss on revenue its a meltdown but wondering if that means anything for us. I would like to think X1 has but loads of their projects on halt and into reconsideration. Their new bookings would suggest that. Its about time and this trend should take new pace once we announce major leagues. Schools are obviously biggest factor here and positives there would again be biggie. Still only so little covered of TAM that cant really draw big lines here but something. Cant really say adaption rates/interest on industry going down either as they have so heavy problems on legals.

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Comment by Davinator on May 10, 2024 9:07am

Is surprising to me that Devolve still reported nearly $22M in sales for the quarter. I thought they would have tanked worse than that. But with the $13M loss, maybe they are just buying the business. As Peter says, seems crazy to be taking a loss on your sales right now with so much TAM out there to go after. Interested to see how bad it is when the markets open today with their downward guidance ...more

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Comment by Davinator on May 10, 2024 9:39am

My goodness! Bloodbath for Devolve today. Wow! This is a good reminder of Peter saying that you don't move up to the big board until you are ready! Yikes!

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Comment by Baxbax on May 10, 2024 9:49am

Yup, what a day. If the plan was to keep us down to smokescreen E's buz it backfired big time or at least the enough problems with own sp. I guess this day is one of the chances to re pick the winning horse. Would love to know blackrocks thinking. Still I think theres room for some players in industry and thinking this is more to do with their legal issues, management and alltogether shady ...more

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Comment by Nightstocker on May 10, 2024 10:08am

One bad quarter can be devastating on the big board. Thats where I definitely agree with Evans. We will need our poop in a group financially before we entertain any serious attempt at the NASDAQ.

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