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XTRACT ONE TECH INC - XTRAF STOCK NEWS

Welcome to our dedicated news page for XTRACT ONE TECH (Ticker: XTRAF), a resource for investors and traders seeking the latest updates and insights on XTRACT ONE TECH.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XTRACT ONE TECH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XTRACT ONE TECH's position in the market.

Rhea-AI Summary

Xtract One Technologies, a leading threat detection and security solution provider, has been awarded the U.S. Department of Homeland Security SAFETY Act Designation for its Multi-Sensor-Gateway portfolio, enabling major sports leagues to adopt SmartGateway Advanced Weapons Detection Solutions. This designation validates the efficacy of Xtract One's AI technology in safeguarding public spaces against modern threats, positioning the company as a trusted partner for professional sports leagues. The SmartGateway technology replaces traditional metal detectors with fast, accurate, and seamless screening solutions, optimizing the patron experience by ensuring safety without compromising comfort.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
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Rhea-AI Summary
Xtract One Technologies partners with American Bank Center to enhance security measures, attendee experience, and venue operations. The SmartGateway system will be used to secure all entrances at the multi-use entertainment venue, providing fast, reliable, and seamless screening solutions for large events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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partnership
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Rhea-AI Summary
Xtract One Technologies partners with Oak View Group to bring AI-powered security solution to Co-op Live in Manchester, England, improving fan experience and security capabilities for the record-breaking arena.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
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partnership
Rhea-AI Summary
Xtract One Technologies Inc. (XTRAF) reports strong year-over-year growth in fiscal second quarter results, with revenue reaching $2.9 million, gross margin at 61.1%, and new customer wins in various market segments. The company's total contract value of new bookings was $5.1 million, with a platform contractual backlog of $12.2 million. Despite a loss of $3.3 million, Xtract One remains optimistic about its record-setting performance and growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
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Rhea-AI Summary
Xtract One Technologies Inc. has filed a final short form base shelf prospectus, allowing the company to offer and issue up to $50 million of securities over a 25-month period. The company has no immediate intentions to undertake an offering, and the securities have not been registered under the U.S. Securities Act of 1933. The Shelf Prospectus is available on SEDAR+.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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Rhea-AI Summary
Xtract One Technologies partners with the Wisconsin Center District to implement the SmartGateway system at Baird Center, Wisconsin's largest convention center. This three-year partnership marks the company's first with a convention center and aims to provide advanced weapons detection without alerting on increasing levels of clutter typical of patrons at convention centers, commercial properties, and schools. The SmartGateway system will enable advanced and unobtrusive throughput for all patrons entering the convention center, aligning with WCD's top priority for providing safe, fully accessible, and respectful facility services to all visitors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
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none
Rhea-AI Summary
Xtract One Technologies (XTRAF) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies on the OTCQX Best Market based on 2023 total return and average daily dollar volume growth. This is the second consecutive year the company has made the list, with the 2024 OTCQX Best 50 companies trading an aggregate $11.4 billion in dollar volume in 2023 and delivering a median total return of 77%. The company's CEO, Peter Evans, expressed gratitude for the recognition and emphasized the company's commitment to innovation and expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
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Rhea-AI Summary
Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) announced the selection of its SmartGateway system to protect all entrances of H-E-B Center at Cedar Park, a 8,000-capacity multi-purpose entertainment facility in Central Texas. The partnership aims to enhance security measures, reduce wait times, and improve the overall entertainment experience for patrons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
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partnership
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Rhea-AI Summary
Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) reported record-breaking financial and business performance for the first quarter ended October 31, 2023. The company saw a 231% increase in total contract value of new bookings, a 393% increase in platform contractual backlog, and a 602% increase in revenue for the Platform operating segment. Additionally, the company expanded into the healthcare and sports markets, securing contracts with major organizations and demonstrating significant growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
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Rhea-AI Summary
Xtract One Technologies (XTRA) to Deploy SmartGateway System in Indianapolis-based Community Health Network Hospitals
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.78%
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XTRACT ONE TECH INC

OTC:XTRAF

XTRAF Rankings

XTRAF Stock Data

93.13M
166.15M
16.46%
0.01%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
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United States of America
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