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Xtract One Technologies Inc. T.XTRA

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

Technology Information Technology Services
Xtract One Technologies Inc. is a Canada-based technology-driven threat detection and security solution provider, leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company's segments include Platform and Xtract. The Platform segment develops and commercializes a platform of AI-powered threat detection technologies. The Xtract segment develops and commercializes advanced artificial intelligence solutions for customers. Its products include SafeGateway, SmartGateway and Xtract One View. Its Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive intelligence for optimizing operations. Xtract One View, the Company's cloud-based platform, provides oversight of its customers entire fleet of Xtract One SmartGateways from one interface.


TSX:XTRA - Post by User

Xtract One Technologies Inc.
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(6)
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Comment by mrpancakeon Jun 13, 2020 11:25am
150 Views
Post# 31146630

RE:Keep telling you guys ... READ !!!

RE:Keep telling you guys ... READ !!!Been waiting years for commercial product revenue but commercialization remains Illusive when PAT says "Revenue recognized in relation to the PATSCAN platform is early-adopter revenue, and not commercialized product revenue."

Based on the above statement in the MD&A I would not regard the  $725,525 as product sales  when the revenue is only part of a gov't of Canada - Innovative Solutions Canada which-  "helps Canadian innovators by funding R&D and testing prototypes in real-life settings." 

That revenue is only part of that contract  alluded to here: https://patriot1tech.com/corporate-news/patriot-one-secures-contract-for-correctional-service-canada-from-innovative-solutions-canada/

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