Xtract One Technologies Inc. T.XTRA

Evolve Q2

[Weighingmachine]

Wanted to share this analysis on Evolve's Q, as it is good news for Xtract. Don't be fooled by the relatively good revenue number they posted - unless I am missing something (which could be the case), overall sales are declining; this despite substantially increasing sales & marketing expenses and Q2 usually being a very strong quarter.

[Weighingmachine]

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[Weighingmachine]

Just realized i have mispelled Evolv's name everywhere...

[Rick311]

Why is it good News?

[Weighingmachine]

My thoughts: 1. I assume that overall sales for this type of security solution is on an upward trajectory. I know that not everyone might agree with that assumption, but in my opinion this smarter and faster screening/security is sorely needed (especially in the US where gun control is very limited) and besides AI is the way everything will go eventually. 2. On the Q1 earnings call, Evolv

[vg1018]

And they have cash remaining that will last them only 4-5 quarters unless they drastically decrease spend. 

[Weighingmachine]

Indeed. They say on the Q2 call that they expect to be able to stabilize the cash at around the current 50-60m, but I want to see that happen before I believe it.