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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 Dec 07, 2021 6:30pm
200 Views
Post# 34208451

Bright spot- thank you Rayatheon

Bright spot- thank you RayatheonOverall loss and comprehensive loss for three month period ended October 31, 2021 was $1.1 million compared with $3.3 million for the same period ended October 31, 2020, representing a decrease of $2.2 million or 67%. The decrease in loss for the period ended October 31, 2021 was mainly attributable to the non-dilutive funding from Raytheon of approximately $1.8 million during the period.
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