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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.

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Xtract One Technologies Inc. > J.P. -Review: Thoughts & Analysis on My Interview

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Post by mrpancakeon Jun 03, 2021 4:26pm

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Post# 33321091

J.P. -Review: Thoughts & Analysis on My Interview

JP talked about Patriot One selling a subscription model to customers in that the operating expense aspect is an easier "sell" than an a large upfront capital expense- great!!! But wait, why did Patriot One not follow that kind of advice itself? They have over $36MILLION in capital assets on the balance sheet with no direction given as to why those assets have not been written down. A loss is a loss no matter how much revenue they have. You were going to ask Peter about this last quarter but you glossed over the issue - why is that?