Xtract One Technologies Inc. Stock Price, News & Analysis

Xtract One Technologies (OTCQX: XTRAF) has been selected by Meridian Public School District (MPSD) in Mississippi to implement its SmartGateway security system across their campuses. The initial deployment will begin at the High School, with plans to expand to all ten campuses, protecting over 4,500 students and 1,000 employees.

SmartGateway, powered by AI sensors, replaces traditional metal detectors with advanced weapons screening technology that can detect concealed threats like guns and knives while maintaining a non-invasive, welcoming environment. The system allows for uninterrupted flow of movement without requiring individuals to remove personal items.

Xtract One Technologies (OTCQX: XTRAF) has been selected by Mecklenburg County Public Schools in Virginia to implement its Gateway weapons detection system across the district's secondary schools. The Gateway system is specifically designed to enhance school security while maintaining efficient student flow.

The system offers advanced bi-directional screening and can process individuals up to four times faster than traditional methods. Unlike conventional security systems, Gateway can detect weapons while allowing students to keep their personal items like laptops, backpacks, and electronics, eliminating the need for separate X-ray machines or additional staff for bag checks.

Xtract One Technologies (OTCQX: XTRAF) has been selected by San Mateo Medical Center to implement its SmartGateway AI-powered weapon detection system at their main campus, with plans to expand to satellite clinics. The deployment aligns with California's Assembly Bill 2975, which requires hospitals to implement weapons detection screening policies.

The implementation addresses the critical security needs in healthcare facilities, where violent incidents are five times more frequent than in other industries. SmartGateway's AI-powered sensors provide unobtrusive scanning of guests for weapons and prohibited items, offering a more efficient alternative to traditional metal detectors by eliminating the need to empty pockets and reducing security line wait times.

Xtract One Technologies reported Q3 fiscal 2025 results with revenue of $3.5M, down from $4.7M in the prior year, and maintained a strong gross margin of 57%. While experiencing delayed deployments, the company's contractual backlog grew to $15.4M, with an additional $21.1M in pending installations. The company announced its new Xtract One Gateway security platform, certified in both Canada and US, will begin shipping in July with $6.7M in orders from five customers. The company reported a comprehensive loss of $3.3M compared to $2.7M in the previous year. Despite lower quarterly revenue, management remains optimistic about Q4 and future growth, citing new contracts with the Colorado Rockies and an international entertainment company.

Xtract One Technologies announced its new security platform, Xtract One Gateway, is set to begin shipping in July 2025 as scheduled. The company has secured orders worth $6.7 million from five different customers and has obtained certification in the U.S. and Canada, with international market certifications expected later in the quarter. The Gateway system uses AI for threat detection, allowing seamless passage through checkpoints by scanning individuals and their belongings simultaneously. It can distinguish between dangerous items and harmless personal items like laptops and phones, eliminating separate bag searches and reducing screening times. The company has conducted demonstrations across various sectors including education, healthcare, and manufacturing, reporting strong market response and growing demand.

Xtract One Technologies (TSX: XTRA) (OTCQX: XTRAF), a technology company specializing in AI-powered threat detection and security solutions, has scheduled its fiscal 2025 third quarter earnings conference call. The company will release its financial results for the three months ended April 30, 2025, after market close on June 5, 2025.

CEO Peter Evans and CFO Karen Hersh will host a webcast and conference call on June 6, 2025, at 10:00 a.m. Eastern Time to discuss the results and provide a business outlook. Investors can access the webcast through the company's website, and join the conference call using the number 844-481-3016 (412-317-1881 for international participants).

Xtract One Technologies (XTRAF) has partnered with the Colorado Rockies MLB team to implement its SmartGateway security screening system at Coors Field. The AI-powered system will replace traditional walk-through metal detectors at the 50,398-capacity stadium, offering up to 7x faster security screening with a capacity of 2,400 patrons per hour per lane.

SmartGateway uses AI-powered sensors to unobtrusively scan visitors for prohibited items while protecting privacy. The system has received the U.S. Department of Homeland Security SAFETY Act Designation as a Qualified Anti-Terrorism Technology. This deployment aims to enhance security operations and improve the overall game-day experience by reducing wait times and providing data-driven security insights.

Xtract One Technologies (XTRAF) has secured a Master Supply Agreement with a major global media and entertainment organization for its SmartGateway security screening solution. The first deployment will begin in Q2 2025 at a venue in Asia, with potential expansion across hundreds of the customer's entertainment venues, retail stores, and production facilities worldwide.

SmartGateway was selected after rigorous testing for its AI-powered sensors that provide fast, reliable, and accurate patron screening without compromising privacy or experience. The system recently received the U.S. Department of Homeland Security SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT).

Xtract One Technologies (TSX: XTRA) reported strong Q2 fiscal 2025 results with record-breaking performance. Revenue reached $3.4 million, up from $2.9 million year-over-year, while achieving an impressive 70% gross margin compared to 61% in the prior year.

The company secured new bookings with a total contract value of $13.5 million - the highest quarterly result in company history - compared to $5.1 million last year. The contractual backlog grew to $16.7 million, with an additional $20.5 million in pending installations, bringing the total backlog to a record $37.2 million.

The comprehensive loss narrowed to $2.1 million, an improvement from $3.3 million in the same period of fiscal 2024, attributed to higher revenue, improved gross profit, and reduced research and development expenses.