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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 mrpancakeon Jun 03, 2021 5:12pm
232 Views
Post# 33324399

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

RE:J.P. -Review: Thoughts & Analysis on My Interview I just listened further into the JP review here at this point: https://youtu.be/AUT0tVVbdAU?t=580

He talks about the burn rate $13.5 million where that gov't contract (s) bring down the burn ever so slightly - arguing that these sales contracts dollars will follow in the coming report due out soon  he sounds optimistic I am not (we will see) ... I wonder what the burn rate is for the Xtract subsidiary? 
JP should ask the really tough question- Is the Xtract gov't contracts enough to cover the operating costs of the Xtract subsidiary considering they have yet to expense any of its capital cost  being  $22,993,819 of Goodwill on the balance sheet?

JP already admits the amount of customers is few "at the moment they really only have a small sample size of customers" https://youtu.be/AUT0tVVbdAU?t=247
Add to that the loss to subscription revenue rather than an upfront sale (like leasing instead of buying a car) ... IMHO subscriptions  will never cover the burn rate company due to the small sample of customers- company will be out of cash in no time and judging by previous quarters they will hardly touch the capital assets sitting on the balance sheet with no explanation given as to why that policy continues. 

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