Xtract One Technologies Inc. T.XTRA

XTRA gets thumbs up report in comparison to others in sector

[Humanist]

this is XTRA PORTION OF THE RPRT, Highlighted at the bottom is the final assessment of various companies involved.for the ocmplete article follow the link posted below by other poster ( forgot the handle. thank you for posting this article) 

Xtract One Technologies Inc. (OTCQX: XTRAF / TSX: XTRA / FRA: 0PL)
Source: Xtract One website
Xtract One (OTCQX: XTRAF / TSX: XTRA / FRA: 0PL), formerly known as Patriot One Technologies (OTCQX: PTOTF / TSX: PTOF / FRA: 0PL), was first covered in November 2018.
The company has come a long way during the last five years. Most importantly, a necessary change in management was made a couple of years ago.
The new and current  CEO/ Director, Peter Evans, has completely revamped the company, conducting a cleaning of house, if you will.
It would seem under his leadership, the company is much more focused on its target markets and on the path to becoming a leading global security screening company.
From my point of view, Peter has turned the company around 180 degrees.
I had the immense pleasure of talking with Peter a few weeks ago. I was very impressed by his energy and his excitement directed towards the company’s future. This guy is in it for the win, and I have to believe he will succeed in his endeavor.
Peter has been laser focused on getting his security technology improved and part of that was the acquisition of Xtract AI, a boutique AI software development company based in Vancouver, BC. This led to the company rebranding — and a name change from Patriot One to Xtract One — while adding in the artificial intelligence tech into not only the business itself, but also the name.
Peter immediately saw the potential in the quality of AI development the acquired company was doing and incorporated that into the Xtract One screening product offering. That is now reflected in a product Xtract calls the ‘Smart Gateway.’
Peter told me that the company is constantly working on innovations for its products and actively working with customers to get them what they need to improve onsite security in a timely manner.
And this is paying off in dividends for Xtract One.
Businesses, it seems, have been lining up for the new screening units, and Xtract One saw a doubling of sales in their 3^rd QTR year-over-year.
Some current clients include Kia Automotive, Hyundai, casinos and schools. These are very large brands and sectors that have signed up.  
Probably one of the biggest feathers in the company hat is a contract with Madison Square Garden (MSG) in New York City.
Peter said, “Madison Square Garden tested us 24 different times at events like the Tribeca Film Festival, the Tony Awards, Billy Joel concerts and UFC concerts and they came to the conclusion after testing all the technologies that rigorously that we were the one they wanted to bank their future on.”
That partnership has opened up an incredible number of opportunities for the company. Radio City Music Hall, Tribeca Film Festival, NBA and NHL teams among others can now be counted as clients.
Xtract One at Acrisure Stadium
 
As for deployment at MSG, Peter went on, “...MSG will start deploying in September in preparation for the NHL and NBA start of seasons, which are the beginning of October. Radio City Music Hall will be deploying in preparation for the start of the holiday season. ...the Beacon Theatre will go in right after that so between August and October all the MSG properties will be fully deployed.”
This has also given Xtract One national exposure as a leader in the security screening space.
Xtract One was recently approved by the TSA (Transportation Security Administration) to be included in their security screening product catalog. A large accomplishment indeed.

It was also selected by the US Department of Veteran Affairs to secure all entrances at their Richmond VA Medical Center.
Xtract One was also chosen for a strategic partnership with the Oakview Group, a pre-eminent venue management organization in North America that operates more than 350 arenas.
One huge advantage that this junior company has is it is managing its tight cash-position and plans to stay that way. Peter stated that he believes the company has enough cash on-hand to see it through to break-even and eventually reaching a cash-flow positive scenario.

The CEO said Xtract is not interested in raising additional funds whether it be debt, through factoring their customer invoices, or any additional equity financings.
Peter explained to me that the company is holding the course with its current revenue model, winning contracts, increasing subscription revenues, and building the business on achieving a cash-flow positive position moving forward.
The company, it would be estimated, is on track to get to a breakeven point in the near future.
This gives the company the advantage of offering customers subscription-based software-as-a-service (SaaS) services and equipment.
And it allows more customers to have access to Xtract One screening units as the upfront costs are deferred over time, whereby increasing customer engagement rates. I love subscription-based business models over the long term which offer greater convenience, cost savings, and scalability — not to mention recurring profits over time.
One of my concerns about the company is its scanners only detect metallic objects at this time. That will have to change if it is going to remain a viable weapons detection company. 3D-printed weapons are becoming more prevalent, and that threat will eventually need to be addressed.
I do have faith Peter is already working on ‘weapon shape identity’ utilizing AI (artificial intelligence) technology, which is currently being utilized on the company’s detection systems.      
Xtract One has turned into a solid junior company with, I believe, a proven leader at the helm committed to innovations in security technology. A must for any savvy investor’s watchlist at a minimum.



My Final Assessment
So to sum up my careful evaluation of all three companies, I would invest my budget accordingly:

• 55% would be on Xtract One (OTCQX: XTRAF / TSX: XTRA / FRA: 0PL). Solid company, growing client list, self-financed — leading to a cash positive position and very strong leadership.

• 25% on Liberty Defense (OTCQB: LDDFF / TSX-V: SCAN / FRA: LD2A), as the company has the only technology that claims to detect non-metallic weapons, and it also has the largest potential upside.

• Finally I would put the remaining 20% of my investment budget in a potential short position in Evolv Technologies (NASDAQ: EVLV). The company has not demonstrated the effectiveness of its technology in a 3^rd party evaluation.

For the astute investor attuned to technology's pulse, these companies offer a chance to ride the wave of innovation and reap huge rewards. But with a word of caution. Please do your own due diligence.
The time is now, the future is calling — will you answer?