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. > Getting to Breakeven With Current $8.3mm Cash?

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Comment by Nightstockeron Oct 20, 2023 10:16am

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Post# 35692839

RE:Getting to Breakeven With Current $8.3mm Cash?

Agreed, Bobby. These financials are an inflection point which provides a roadmap to Xtract hitting that magical break-even mark, where revenue and expenses balance out.

Break-even rings the dinner bell for institutional investment, more so than any juicy contract or partnership. It shows a company's fiscal responsibility, and security for investor client dollars.

By Q2 next year, we could see Xtract's SP mirroring its revenue growth rate...fingers crossed.

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