Xtract One Technologies Inc. T.XTRA

Alternate Symbol(s): XTRAF | T.XTRA.WT

Industrials Aerospace & Defense

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.

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Xtract One Technologies Inc. > Free money form RAYTHEON = bad?

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Comment by JVJ24601on Feb 07, 2022 12:41pm

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Post# 34405248

RE:Free money form RAYTHEON = bad?

I think Raytheon's offset funding was completely used up in Q1/August - Oct 2021. Q2 just ended November 2021 - January 2022. They can't use the offset in Q2 to mitigate the burn rate. Its now gone....

Curious on how many sales they made during Q2, with a burn rate of $3-3.2M a quarter, PAT would need to have made a boat-load of sales to breakeven. Jnauary 31,, 2022 end of Q2, with March 15th Q2 report due. Also curious on the $50M investment opp currently in play for a significant dilusion to stretch more months into the rollout.

Prayers all around.

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