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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 24, 2021 1:59pm
164 Views
Post# 34162378

RE:RE:RE:RE:RE:PE Gave Us a Big Hint on Twitter

RE:RE:RE:RE:RE:PE Gave Us a Big Hint on Twitter
LOL.  Think there is a quick sale of PATs solution to DHS?   Think again...  

Without DHS Safety Act, which I believe PE has referenced is being worked on, no DHS sale.  And once that is finished, then add 6 months to a year for a real deployment.   So what does PAT need to survive this long runway... an investment / infusion of money / acquisition.   Why nothing, not a peep on this dire situation?

 
Bank Balance: $9.7M on July 31, 2021, Less $3.5M for Q1 burn, Less $1.2M for November. Remaining $5M starting Dec 1.  Less $1M Dec and Less $1M Jan.  Bring Feb 1 total to $3M.
 
Now, being fair...lets Add in revenues...since no sales announcement made during Q1 on platform or Ai services.

Add $400K at beginning of February from Raytheon/Q2.  Add $100K Q1 sales revenue  (personal projection).  Add $100K in Q2 revenue, as contracts for Q1 & Q2 bring revenue throughout year and Add $175K from FY2020 MD&A on 2020 contracts (per MD&A:  "Company expects to recognize approximately $345,000 over the next 12 months")
 
Starting Q3 /February 1: 3M+0.4M+0.1M+0.1M+0.175M = $3.775M 
 
Again, where are the Investment, Influx of Cash, Acquisition discussions?  Tick Tock Tick Tock, So Runs Down The Investment Clock
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