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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 Oct 31, 2021 7:29am
198 Views
Post# 34070167

prospectus comments

prospectus comments
"subject to many of the risks common to early-stage enterprises,
including under-capitalization, cash shortages," 

 
How can they call it an early stage enterprise when they touted the roll out of the technology was Oct. 2 2017 - over four years ago!  How can they talk of undercapitalization when they already raised over $74 MILLION Canadian? Recall October 31, 2017...$11.523MM raised,  Jan. 31, 2018.....$17.4MM raised, November 21, 2018...$46MM raised. Talk of a cash shortage is ironically correct when they have only about $6 MILLION left as of today that’s $6 MILLION left of the $75 MILLION raised excluding seed money. 
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