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Xtract One Announces Fiscal 2026 First Quarter Results
TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF...
About this update from Xtract One Technologies Inc
[{"type":"text","content":"Xtract One Announces Fiscal 2026 First Quarter ResultsTotal Backlog Over $53 Million; On Track for Strong Revenue Growth in Year Ahead\n\n\n\n TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced its fiscal first quarter results for the three months ended October 31, 2025. All information is in Canadian dollars unless otherwise indicated.\n \n\n\n Recent Highlights\n \n\n\n\n Revenue of $4.6 million for the three months ended October 31, 2025 versus $3.6 million in the prior-year period.\n \n\n\n\n Gross margin of 58% for the fiscal 2025 first quarter versus 64% for the same period last year.\n \n\n\n\n Operating expenses of $5.7 million for the three months ended October 31, 2025 versus $5.3 million in the prior-year period.\n \n\n\n\n Total contract value of new bookings\n \n 1\n \n was $8.4 million for the three months ended October 31, 2025 as compared to $4.2 million for the same period last year.\n \n\n\n\n Contractual backlog was $14.1 million at the end of the first quarter as compared to $14.0 million in the prior-year period, excluding an additional $39.1 million of agreements pending installation versus approximately $12.9 million at the end of the first quarter of fiscal 2025.\n \n\n\n\n Comprehensive loss was $3.0 million for the three month period ended October 31, 2025 as compared to $2.7 million for the same period in fiscal 2025.\n \n\n\n\n Subsequent to the quarter ended October 31, 2025, the Company successfully closed a public offering and raised aggregate gross proceeds of $11.5 million, including the full exercise of an over-allotment option. Each unit purchased consisted of one common share of the Company and one-half of a common share purchase warrant, exercisable into common shares until November 10, 2028 at an exercise price of $0.95.\n \n\n\n\n\n “We continued to build momentum in the first quarter, as we once again increased our backlog to a record of over $53 million, bolstering our outlook for fiscal 2026 and beyond,” stated Peter Evans, Chief Executive Officer of Xtract One. “We successfully ramped up commercial deploy...