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Xtract One Technologies Inc. - $XTRAF STOCK NEWS

Welcome to our dedicated page for Xtract One Technologies news (Ticker: $XTRAF), a resource for investors and traders seeking the latest updates and insights on Xtract One Technologies stock.

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 Technologies'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 Technologies's position in the market.

Rhea-AI Summary
Xtract One Technologies Inc. (XTRA) announced strong preliminary first quarter 2024 financial results, including a total contract value of new bookings of $9.6M, expected record revenue of $2.9M to $3.2M, and a gross profit margin of 64%-67%. The Company's CEO, Peter Evans, highlighted the significant increase in contractual backlog and agreements pending installation, positioning the Company for continued growth in fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.66%
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Rhea-AI Summary
Xtract One Technologies (XTRA) to Deploy SmartGateway System at CPKC Stadium, Enhancing Venue Safety and Patron Experience. The 11,500-capacity stadium, built for the NWSL, will prioritize streamlined security measures and efficient patron screening using AI-powered sensors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
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partnership
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Rhea-AI Summary
Xtract One Technologies Inc. achieves record platform bookings and revenue driven by unprecedented market demand. Revenue increased by 365% from last year for the Platform operating segment. Total contract value of new bookings for the Platform segment increased by 344%. The Company completed a strategic investment of $13.4 million and entered into commercial agreements with Sphere Entertainment Co. and Oak View Group. They also secured contracts with several sport and entertainment venues. The Company's total revenue for the year was $4.1 million, and they reported a loss of $16.3 million. For the fourth quarter, revenue was $1.8 million, representing an increase of 123% from the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.63%
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Rhea-AI Summary
Xtract One Technologies partners with American Association of Professional Baseball to enhance venue security and guest experience at games.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.21%
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none
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Rhea-AI Summary
Xtract One Technologies, a technology-driven threat detection and security solution company, has announced the appointment of Joshua Douglas as Senior Vice President of Product & Engineering and Christopher Feusner as Vice President of Sales. Joshua brings expertise in behavioral analytics, cybersecurity, and physical security, while Christopher has 20 years of experience in the security industry. Their roles will contribute to the company's roadmap and business development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
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management
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.12%
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none
Rhea-AI Summary
Xtract One Technologies has announced that its SmartGateway patron screening solution has been selected by Budweiser Gardens, a sports-entertainment venue in London, ON. The system will replace traditional metal detectors and provide fast and accurate screening for prohibited items, enhancing patron safety and comfort.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
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none
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Rhea-AI Summary
Xtract One Technologies announced that its SmartGateway patron screening solution has been rigorously tested by the TSA and will be included in the TSA’s 2023 approved product list. The testing was conducted by Johns Hopkins University’s Applied Physics Laboratory, confirming the system’s performance and reliability. SmartGateway uses AI-powered sensors to detect prohibited items without invading patrons’ privacy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.03%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.95%
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Xtract One Technologies 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
Link
United States of America
Vancouver