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.
Xtract One Technologies Inc. reports developments tied to AI-powered threat detection and security systems for facility entry points. Its Gateway and SmartGateway products are designed to screen people and bags for weapons and other threats while supporting high-throughput access at schools, hospitals, healthcare clinics, museums, arenas, stadiums, manufacturing sites and distribution environments.
Recurring news for XTRAF includes customer selections, deployments and phased rollouts across education, healthcare and public-venue settings, along with fiscal results, production updates and management commentary on business outlook. Company updates often focus on unobtrusive screening, reduced manual bag checks, compact or portable installation needs, and security workflows that preserve normal visitor, patient, student or staff movement.
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.
Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) has scheduled its fiscal 2025 second quarter financial results announcement for March 12, 2025, after market close. The company will host a conference call and webcast on March 13, 2025, at 10:00 a.m. Eastern Time to discuss the results for the three months ended January 31, 2025.
CEO Peter Evans and CFO Karen Hersh will lead the presentation, which will include a review of interim financial results and management's business outlook, followed by a Q&A session. The webcast will be available on the company's website, with call-in numbers 844-481-3016 for domestic and 412-317-1881 for international participants.
Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) announced that its Gateway weapon detection system has been selected for implementation at key hospital locations in Manitoba, including the Health Sciences Centre and Crisis Response Centre operated by Shared Health. The Gateway system offers advanced security screening that balances threat detection with efficient patient and staff flow.
The technology is specifically designed to scan individuals and their belongings seamlessly, eliminating the need for separate bag searches and significantly improving screening times. The system can distinguish between potential weapons and harmless personal items like laptops, tablets, binders, and phones while maintaining unobtrusive monitoring of facility access.
Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) has announced a strategic partnership with Velasea, a full-service OEM distributor specializing in physical security and AI solutions. The partnership will enable distribution of Xtract One's SmartGateway and One Gateway security detection systems through Velasea's network of over 900 channel partners across 50+ countries.
The collaboration targets schools, hospitals, museums, theaters, and arenas, offering AI-powered security screening solutions that replace traditional metal detectors. Xtract One's technology provides unobtrusive scanning of individuals and personal items, reducing entry lines and improving operational efficiency while maintaining high security standards.
Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) announced that Bowie State University in Maryland has selected its SmartGateway security system for deployment across campus. The implementation, completed in fall 2024, covers major access points including athletic facilities and on-campus housing. The deployment was facilitated through a partnership with Core Secure
SmartGateway utilizes AI-powered sensors to scan for weapons and prohibited items without requiring guests to remove personal belongings, offering a more efficient alternative to traditional metal detectors. The system aims to provide unobtrusive screening while maintaining high security standards and ensuring smooth foot traffic flow through checkpoints.
Xtract One Technologies reported Q1 fiscal 2025 results with revenue of $3.6 million, up from $3.1 million year-over-year. The company achieved a gross margin of 64%, compared to 67% in the prior year period. Total contract value of new bookings was $4.2 million, down from $9.6 million last year, which included a $5 million contract from a global entertainment organization.
The company's contractual backlog stood at $14.0 million, up from $9.5 million in the prior year, with an additional $12.9 million in agreements pending installation. Notable expansion occurred outside core markets, with Education, Healthcare, and Manufacturing sectors comprising 67% of new bookings. The comprehensive loss remained stable at $2.7 million.
Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) has scheduled its fiscal 2025 first quarter financial results release for December 5, 2024, after market close. The company will host a conference call and webcast on December 6, 2024, at 10:00 a.m. Eastern Time, where CEO Peter Evans and CFO Karen Hersh will discuss the results for the quarter ended October 31, 2024. The presentation will be available on the company's website, and investors can join via phone at 844-481-3016 (412-317-1881 for international callers).
Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF) announced the voting results from its annual general meeting held on November 12, 2024. A total of 54,082,464 common shares, representing 24.76% of outstanding shares, participated through proxy voting. All five director nominees were successfully elected with approval rates ranging from 91.66% to 98.85%. Peter van der Gracht, Peter Evans, John Gillies, Bill Maginas, and Lea M. Ray were confirmed as directors. Shareholders also approved setting the board size at five members and appointed Davidson & Company LLP as auditors.
Xtract One Technologies (TSX: XTRA, OTCQX: XTRAF) announced that their new Gateway weapons screening system has been selected by Tift County Schools in Georgia. The system will be deployed at high school and middle school entrances, with future plans for all K-12 schools. The Gateway technology differentiates between everyday items and potential threats while allowing students to keep their belongings, eliminating separate bag searches and reducing screening times. The district, which comprises 11 schools with nearly 7,700 students and over 1,000 staff members, chose Gateway for its ability to provide enhanced security while maintaining an inviting atmosphere.