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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 JVJ24601on Nov 17, 2021 10:53am
118 Views
Post# 34136106

RE:RE:RE:Introduces Facility Insights

RE:RE:RE:Introduces Facility Insights@BIGMOE:  Correction.  

Cronin closed FY2020 with $2.1M, up from $1M FY2019, and also secured $3M from Raytheon, which has been collected and has given the Company an additional quarter of life.  Otherwise, PAT would be out of money at the end of Q2 - this quarter.  (Note:  PAT ended FY2021 with $9.7M in bank, and a quarterly burn rate of $3.2M, therefore leaving $6.5M in bank starting Q2 - Nov 1, 2021) .  

Evans closed FY2021 with $1.1M revenue, and closed $2M from Raytheon in Q2, FY2022 (Nov 5, 2021)...Total $3.1M versus prior CEO's Total of $5.1M-$6.1M.

How quickly shareholders forget!   Each on of you should vote in tomorrow's Shareholder Meeting.
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