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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

Post by mrpancakeon Sep 21, 2021 2:52pm
164 Views
Post# 33893213

JP what planet are you on - come back to earth!

JP what planet are you on - come back to earth!Young fellow JP say @ 12:53 into todays you tube video "we can make the assumption that they are at least breaking even on the contract"  Jp: here’s how it works. Patriot One paid millions in cash and shares- booking almost $23 MILLION in goodwill related to its purchase of Xtract. Shown as an asset now any revenue should depreciate that “asset” over time” yet Patriot One refuses to depreciate its goodwill (asset). You say they are at least breaking even on the contracts.  First of all this in not PATSCAN commercial revenue this is gov’t contracted funds paid to Patriot One. Second, the financial statements show costs of around $3 MILLION per quarter in order to garner all sources of revenue. So John in what dream world can you say with a straight face as you did that “we can make the assumption that they are at least breaking even on the contract”.  Your presentation today is total nonsense.

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