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. > History will repeat itself….

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Post by JVJ24601on Mar 01, 2023 8:42pm

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Post# 35313988

History will repeat itself….

But I'm patient... March 9-15 is coming up with Q2 MD&A. Let's see where sales for Q2 hits, and more importantly revenue.

My projection is it probably won't be more than $1m in revenue on $4m burn. Based on the huge success from Q1 and tge stellar economy we saw from November 1, 2022- January 31, 2023.

Here's some snippets from that last Q1 release....

"Revenue was $0.6 million for the first quarter ended October 31, 2022 as compared to $0.7 million for the same period in fiscal 2022."

and

"Net loss from operations increased from $1.1 million in the first quarter ended October 31, 2021 to $4.9 million in the first quarter ended October 31, 2022. The increase in net loss pertains primarily to $2.5 million in non-dilutive (ie Raytheon) funding for research and received in the prior fiscal year."

But those all knowing on this board expect differently. Let's see who's right!