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Xtract One Technologies Inc. T.XTRA

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

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

Comment by Weighingmachineon Aug 30, 2024 8:48am
121 Views
Post# 36202487

RE:RE:Eight Capital

RE:RE:Eight CapitalNot sure this is correct. To my knowledge, the 17m that was mentioned stems from the short-form prospectus revenue forecast. On p. 7, it states that the forecast runs from 1 Dec 2023 till 30 Nov 2024 (hence it was not a forecast for fiscal 2023/24). Still, it is quite possible they could do close to 6m revenue this quarter as they said on the last earnings call that Q4 (May-Jul) would be their biggest quarter yet. They even stated this at a time when they were only half-way through the quarter (the earnings call was on 7 Jun, I believe), so they must have been quite confident at the time that they would at least surpass the 4.6m of Q3.
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