Xtract One Technologies Inc. T.XTRA

How do they survive past March 31, 2023?

[JVJ24601]

So… how does this work, with Q1 over on Monday, October 31, 2022…. It looks like they are out of cash by 2nd month of Q3… March 31, 2023 based on FY2022 results…. Or am I missing anything? 

 

Q1 Prediction on results…

- Cash in bank $6.28m

- Average Qrtly Revenue $0.9m

- Burn rate (3.15M)

- Est Cash Q1 End: $4.03m

 

Q2 Prediction on results…

- Cash in bank $4.03m

- Average Qrtly Revenue $0.9m

- Burn rate (3.15M)

- Est Cash Q2 End: $1.85m (enough for 2 month into Q3)

 

 ——

 

Facts from 2022

FY2022 / July 31, 2022

Per MD&A “As of July 31, 2022, the Company had a working capital of $6,790,993 which included cash of $6,277,321 available to meet current liabilities of $3,156,168.”

 

Quarterly Burn: FY 2022 / July 31, 2022

($3.15m)

 

Total sales  FY 2022 / July 31, 2022

$3.6 million of revenue

Average quarterly revenue $0.9m

[JVJ24601]

Wow!   What great Q1 results....  Not!   It's much much worse than my predictions, which everyone here laughed about.  Who are the fools now!  Lol   My predictions for Q1, FY2023 - Cash in bank $6.28m (End FY2022 31/07/22) - Average Qrtly Revenue: $0.9m - Burn Rate ($3.15M) - Est Cash in bank l: $4.03m (end Q1 31/10/22

[Golden100]

Well if it isn't the beasty alias Jvj24601 Afraid to show your face after the beating evolv took.  Come on beasty your old tricks don't work anymore. Evolv Is a travesty. They lie and decieve just like you. God forbid if you might have a little foresight. The runway of future sales  Extract has built will eventually kick Evolves butt. Plus they spend money like water. Another 75

[JVJ24601]

LOL.  I'm definitely not the Beast.  Just watching this space.... and seeing it continue to drop...   - Evolv has sure taken a hit, but has money to spend and survive past 2023.   - PAT/XTRA has taken a hit, and is down to only $2M Cash in Bank after its March 2022 fund raise "...,the Company completed a public offering and issued 11,471,850 Units and received

[21Scorp21]

If you were on the financial call, they did say they will likely need to raise cash (at least they are being transparent about it) so yes if that is the case, stock will not go anywhere soon, and may drop even more! You either believe in the tech and leadership or not.... I'm long on Xtract - been involved for several years, and yes taken a substantial hit, but I do have faith. I like Peter

[TedOrlow]

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[Nightstocker]

If, as an investor, you think there is more to a company than the share price, you should go start an Xtract One fan club or something. If it results in Xtract hitting an SP of $10, I don't care if Xtract One needs to sponsor styrofoam burning parties, pave green spaces, or restart the workhouse program for the homeless. We are investing in a stock here, people. SP is everything. Eff

[TedOrlow]

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[pliskenNYC]

@nightstocker... am I missing something.. is broke the new rich.. is failing the new success??  where are these bizarro world down is up subpar result loving a$$holes coming from?? trying to convince everyone that no basic marketing and not being able to sell anything anywhere near even ground zero is somehow good.. and low stock prices are in someway an indicator of being on the right

[Nightstocker]

@PliskinNYC, it's something we have all had at one time or another- blind optimism. If the SP is awful then try to find something else positive that gives you hope the SP will go up in the future. I think we fall into the mindset of defending the stock like it's your child. A lot of us- myself included- have been permissive parents for this "child" for years. My breaking

[pliskenNYC]

@ nightstocker.. I think a purposeful buyout is why this is all happening, the counterintuitive moves that result in a revolutionize product not marketed or sold correctly has got to be by design.  It all seems like a concerted effort to make the product more viable & attractive to a buyer without raising the actual value of the company so a buyout would be more conducive.. while

[TedOrlow]

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[Golden100]

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[Nightstocker]

Ah, goldenshower100, it wouldn't be the Xtract billboard without your whining. You keep shaking those pom-poms, and remain slavishly devoted to the "Xtract is perfect how dare you criticize" school of thought. All these awesome announcements! Big contracts! Huuuuge momentum!  Um, er yeah, and we haven't broken a dollar in two years.  Definte success story

[Nightstocker]

And goldenshower100, if you seriously think my comments on this billboard are enough to sway institutional investors, you have a massively distorted perspective of my importance. We are a bunch of penny ante individual investors here; no bigwig worth their druthers is even monitoring this board. If you are so sensitive over a few longs griping about Xtract dragging its heels, maybe you

[Golden100]

My God you guys are dumb. You talk like we have an endless fountain of money to expedite the process. We are not evolv. Thank goodness. Peter has judiciously used our limited resources to build our sales pipeline and has been doing a dam good job of it. Anyone with half a brain can see that huge progress has been made with limited resources and with a huge amount of effort on managements 

[Nightstocker]

Beautiful thing about bullboards- you can put people on ignore if you can bear the fact their opinion isn't exactly the same as yours, you effing crybaby.

[Golden100]

Then do it. Again! What a doink. 

[Nightstocker]

I was suggesting it for you, actually. Obviously reading comprehension isn't a strong suit for you.

[pliskenNYC]

This post has been removed in accordance with Community Policy

[Nightstocker]

@Pliskin, typical kook aid...how dare anyone speak ill of almighty Xtract,  and our saviour, PE. Some people just don't understand we are all in the same bit and it's ok to have different opinions. Like my old sarge used to say: "opinions are like azzholes, everybody has one, and they all stink".

[Golden100]

How many times have both you idiots said you have put me on ignore. Just do it. Then I can say whatever I want about you two donkeys without listening to your idiotic response. Please do it. 

[Nightstocker]

Why would I want to ignore you? It's fun to see you throw your little tantrums.  Sissy.

[Nightstocker]

A buddy of mine (who knows way more about investing than I do) explained Pat/Xtract to me perfectly. Xtract's big SP bumps (nearly $3.00 in 2018, $1.17 in 2020, .90 cents in Feb 2022 were based on SPECULATION. Investors, both individuals and institutional, saw potential and invested accordingly. But with no RESULTS following the speculation, the boosts in SP became smaller and smaller

[pliskenNYC]

@nightstocker  But if the product works and is so viable.. why hasn't leadership tried to market and sell the product in any traditional or fundamental way?  it's either he's incompetent and doesn't know how to sell.. or hes doing this on purpose and is up to something..  It's either one or the other..  And none of it is working out for the investors..

[Nightstocker]

@PliskinNYC it could also be both. They can't get their shite together for marketing and sales, so they are making the easy play and gift wrapping it for a buyout. Personally, I'm going to sit back and wait. If they finally get their poop in a group and find some success, awesome. If they throw up their hands, pump the heck out of it and offer it up for, say, $2 a share, I'll take my

[pliskenNYC]

@ nightstocker and honestly I think this is what they want.. they want to demoralize and wear you down to except a buyout.. and you are correct.. I don't think current leadership has the ability nor the desire to properly market and promote and sell this product to the heights.. nothing in his track record reflects that kind of excellence.. he's probably looking for the easiest way out

[21Scorp21]

All I am saying is, if you haven't seen a change in direction since Cronin days, I see a lot more focus and market targeting - and of course share price is important, trust me when I say I am frsutrated just like all, but I feel Peter has done way more than Cronin ever did... time will tell. 

[Nightstocker]

@21scorp21- there's no question Evans did a lot to turn this company around- one could argue he built one from scratch. But in the words of 80's singer Jodi Wattley- what have you done for me lately? The grace period is over, and Peter needs to push Xtract out of the nest. Aggressive pursuit of big contracts. Big money marketing- dilute if there is no other option for a war chest.

[21Scorp21]

Fair enough...  I'm with you ....