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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 Dec 01, 2021 10:50pm
144 Views
Post# 34188420

RE:From NCS4

RE:From NCS4

What I take this statement to mean ..."However, that will largely depend on final feedback/editing."... is that both Patriot One and Evolv will be providing feedback and making/suggesting edits to their section of the NCS4 report.   Hence, hardly an pure editorial un-encumbered 3rd party agnostic review.    What a shame!

BELIEVE WHAT YOU WANT ...

Fact are such.  By December 15, PAT will only have $5m CAD left in the kitty, for a Company playing 100% in the US Sandbox... meaning $4m USD left to spend.  No investors in sight, and Raytheon late to the game with $2m CAD grant, that will get allocated over 3 years like in the past.  
 

Breakeven would require a minimum of $2m a month in "deployed tech" to net $1m in recognized revenue. (Ie 50% margin).  Q1 no sales announced. Pictures of 16 tower deployed in 2 locations.  Hardly $1m net revenue for Q1.   Q2 another picture of max 4 towers deployed... no where near $1m net revenue.

Tick tock tick tock, and so runs down the investment clock.

Come on PAT... make it rain $$$. And hurry it on up!!! 

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