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Xtract One Technologies Inc. T.XTRA

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

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

Comment by dontfollowon Feb 19, 2021 2:22pm
146 Views
Post# 32611729

RE:Anthony Fauchi's Claim

RE:Anthony Fauchi's ClaimNext winter? PAT will be on the brink of bankruptcy by then. We had like 19mil cash end of October with quarterly expenses of 3,7mil (thats after 1,5mil from non-dilutive financing is subtracted, which we dont know if it will continue). If we assume a burnrate of 4mil, and exclude the potential 3mil from the sale of Sotech Secure, we'd be sitting with 3mil in bank by next winter. Shareholder will be crushed by dilution if nothing changes rapidly that can move the SP. For all his flaws, at least Cronin was raising serious amount of cash with "little" dilution. 
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