Xtract One Announces Second Quarter Fiscal 2025 Results
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) ha riportato risultati solidi per il secondo trimestre dell'anno fiscale 2025, con performance da record. I ricavi hanno raggiunto $3,4 milioni, in aumento rispetto ai $2,9 milioni dell'anno precedente, ottenendo un impressionante margine lordo del 70% rispetto al 61% dell'anno precedente.
L'azienda ha ottenuto nuovi ordini con un valore contrattuale totale di $13,5 milioni - il miglior risultato trimestrale nella storia dell'azienda - rispetto ai $5,1 milioni dell'anno scorso. Il backlog contrattuale è cresciuto a $16,7 milioni, con ulteriori $20,5 milioni in installazioni in attesa, portando il backlog totale a un record di $37,2 milioni.
La perdita complessiva si è ridotta a $2,1 milioni, un miglioramento rispetto ai $3,3 milioni nello stesso periodo dell'anno fiscale 2024, attribuito a ricavi più elevati, profitto lordo migliorato e riduzione delle spese per ricerca e sviluppo.
Xtract One Technologies (TSX: XTRA) reportó resultados sólidos para el segundo trimestre del año fiscal 2025, con un rendimiento récord. Los ingresos alcanzaron $3.4 millones, un aumento desde los $2.9 millones del año anterior, logrando un impresionante margen bruto del 70% en comparación con el 61% del año anterior.
La empresa aseguró nuevas reservas con un valor total de contrato de $13.5 millones - el mejor resultado trimestral en la historia de la empresa - en comparación con los $5.1 millones del año pasado. La cartera de contratos creció a $16.7 millones, con $20.5 millones adicionales en instalaciones pendientes, llevando el total de la cartera a un récord de $37.2 millones.
La pérdida integral se redujo a $2.1 millones, una mejora respecto a los $3.3 millones en el mismo periodo del año fiscal 2024, atribuida a mayores ingresos, una mejor ganancia bruta y una reducción en los gastos de investigación y desarrollo.
Xtract One Technologies (TSX: XTRA)는 2025 회계연도 2분기 강력한 실적을 보고하며 기록적인 성과를 올렸습니다. 수익은 $3.4 백만에 도달했으며, 지난해의 $2.9 백만에서 증가하였고, 인상적인 70%의 총 마진을 달성하였습니다. 이는 지난해의 61%와 비교됩니다.
회사는 총 계약 가치가 $13.5 백만인 새로운 예약을 확보하였으며, 이는 회사 역사상 가장 높은 분기 실적입니다. 지난해의 $5.1 백만과 비교됩니다. 계약 백로그는 $16.7 백만으로 증가하였고, 추가로 $20.5 백만의 설치가 대기 중이며, 총 백로그는 기록적인 $37.2 백만에 달합니다.
종합 손실은 $2.1 백만으로 축소되었으며, 이는 2024 회계연도 동일 기간의 $3.3 백만에서 개선된 것입니다. 이는 더 높은 수익, 개선된 총 이익, 그리고 연구 및 개발 비용 절감에 기인합니다.
Xtract One Technologies (TSX: XTRA) a rapporté des résultats solides pour le deuxième trimestre de l'exercice 2025, avec des performances record. Le chiffre d'affaires a atteint $3,4 millions, en hausse par rapport à $2,9 millions l'année précédente, tout en réalisant une impressionnante marge brute de 70% par rapport à 61% l'année précédente.
L'entreprise a sécurisé de nouvelles réservations avec une valeur totale de contrat de $13,5 millions - le meilleur résultat trimestriel de l'histoire de l'entreprise - par rapport à $5,1 millions l'année dernière. Le carnet de commandes a augmenté à $16,7 millions, avec $20,5 millions supplémentaires en installations en attente, portant le carnet total à un record de $37,2 millions.
La perte globale s'est réduite à $2,1 millions, une amélioration par rapport à $3,3 millions au cours de la même période de l'exercice 2024, attribuée à des revenus plus élevés, à un bénéfice brut amélioré et à une réduction des dépenses de recherche et développement.
Xtract One Technologies (TSX: XTRA) hat starke Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 gemeldet, mit rekordverdächtiger Leistung. Der Umsatz erreichte $3,4 Millionen, ein Anstieg von $2,9 Millionen im Vergleich zum Vorjahr, während ein beeindruckender Bruttomargen von 70% im Vergleich zu 61% im Vorjahr erzielt wurde.
Das Unternehmen sicherte sich neue Buchungen mit einem Gesamtvertragswert von $13,5 Millionen - dem höchsten Quartalsergebnis in der Unternehmensgeschichte - im Vergleich zu $5,1 Millionen im letzten Jahr. Der Vertragsbestand wuchs auf $16,7 Millionen, mit weiteren $20,5 Millionen an ausstehenden Installationen, was den Gesamtbestand auf einen Rekord von $37,2 Millionen anhebt.
Der umfassende Verlust verringerte sich auf $2,1 Millionen, eine Verbesserung gegenüber $3,3 Millionen im selben Zeitraum des Geschäftsjahres 2024, was auf höhere Einnahmen, verbesserte Bruttogewinne und reduzierte Forschungs- und Entwicklungskosten zurückzuführen ist.
- Record $13.5M in new bookings, up 165% year-over-year
- Total backlog reached all-time high of $37.2M
- Gross margin improved to 70% from 61%
- Revenue increased 17% to $3.4M
- Reduced comprehensive loss by 36% to $2.1M
- Company still operating at a loss of $2.1M
- Revenue growth affected by deployment timing delays
- Higher percentage of subscription contracts impacting immediate revenue recognition
Total Backlog Climbs to Record
TORONTO, March 12, 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 fiscal second quarter results for the three months ended January 31, 2025. All information is in Canadian dollars unless otherwise indicated.
Second Quarter Highlights
- Quarterly revenue of
$3.4 million for the three months ended January 31, 2025 versus$2.9 million in the prior-year period. - Gross margin of
70% for the second quarter of fiscal 2025 versus61% in the prior-year period. - Total contract value of new bookings1 was
$13.5 million for the three months ending January 31, 2025 – the strongest quarterly results in the Company’s history – as compared to$5.1 million for the same period last year. - Contractual backlog was
$16.7 million at the end of the second quarter as compared to$12.3 million in the prior-year period, excluding an additional$20.5 million of agreements pending installation1 versus approximately$10.0 million at the end of the second quarter of fiscal 2024.
“By booking a record
Financial Results for the Three Month Period Ended January 31, 2025
Consolidated revenue was
Comprehensive loss was
This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s Management’s Discussion and Analysis for the three and six month periods ended January 31, 2025 and 2024, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Conference Call Details
Xtract One will host a conference call to discuss its results tomorrow, March 13, 2025 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period.
The webcast and presentation will be accessible on the company’s website. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers).
About Xtract One Technologies
Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, Twitter, and LinkedIn.
About Threat Detection and Security Solutions
Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today's world, no threat detection system is
For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com
1 Supplementary Financial Measures:
The Company utilizes specific supplementary financial measures in this earnings release to allow for a better evaluation of the operating performance of the Company’s business and facilitates meaningful comparison of results in the current period with those in prior periods and future periods. Supplementary financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to measures presented by other companies. Supplementary financial measures presented in this earnings release include ‘Agreements pending installation’ and ‘Total contract value of new bookings.’ Agreements pending installation reflects total value of signed contracts awarded to the Company that has not been installed at the customer site. ‘Total contract value of new bookings’ is comprised of all new contracts signed and awarded to the Company, regardless of the performance obligations outstanding as of the end of the reporting period. Total contract value is the aggregate value of sales commitments from customers as at the end of the reporting period without consideration of the Company’s completion of the associated performance obligations outlined in each contract.
CAUTIONARY DISCLAIMER STATEMENT:
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.
Unaudited Interim Statements of Loss and Comprehensive Loss for the Three and Six Months Ended January 31, 2025 and 2024
The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Statements of Loss and Comprehensive loss for the three and six months ended January 31, 2025 and 2024:
| Three months ended January 31, | Six months ended January 31, | |||||||||||||||||||||
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | |||||||||||||||||
| Revenue | $ | 3,412,189 | $ | 2,920,058 | 17 | % | $ | 7,040,026 | $ | 6,036,411 | 17 | % | ||||||||||
| Cost of revenue | 1,008,420 | 1,136,386 | (11 | %) | 2,321,850 | 2,168,328 | 7 | % | ||||||||||||||
| Gross profit | $ | 2,403,769 | $ | 1,783,672 | 35 | % | $ | 4,718,176 | $ | 3,868,083 | 22 | % | ||||||||||
| Operating expenses | ||||||||||||||||||||||
| Selling and marketing | 1,224,575 | 1,299,727 | (6 | %) | 2,887,734 | 2,807,384 | 3 | % | ||||||||||||||
| General and administration | 1,648,688 | 1,693,019 | (3 | %) | 3,512,880 | 3,340,835 | 5 | % | ||||||||||||||
| Research and development | 1,640,018 | 2,058,606 | (20 | %) | 3,439,629 | 3,784,797 | (9 | %) | ||||||||||||||
| Loss on inventory write-down | 281,429 | 107,013 | 163 | % | 281,429 | 107,013 | 163 | % | ||||||||||||||
| Loss on retirement of assets | 21,675 | - | 0 | % | 21,675 | - | 0 | % | ||||||||||||||
| Total operating expenses | 4,816,385 | 5,158,365 | (7 | %) | 10,143,347 | 10,040,029 | 1 | % | ||||||||||||||
| Loss before undernoted | (2,412,616 | ) | (3,374,693 | ) | (29 | %) | (5,425,171 | ) | (6,171,946 | ) | (12 | %) | ||||||||||
| Other income | ||||||||||||||||||||||
| Interest and other income | 66,671 | 56,543 | 18 | % | 141,590 | 152,583 | (7 | %) | ||||||||||||||
| Net loss for the period | $ | (2,345,945 | ) | $ | (3,318,150 | ) | (5,283,581 | ) | (6,019,363 | ) | (12 | %) | ||||||||||
| Other comprehensive income for the period | ||||||||||||||||||||||
| Currency translation differences for foreign operations | 263,300 | - | 0 | % | 546,119 | - | 0 | % | ||||||||||||||
| Comprehensive loss for the period | $ | (2,082,645 | ) | $ | (3,318,150 | ) | (37 | %) | $ | (4,737,462 | ) | $ | (6,019,363 | ) | (21 | %) | ||||||
| Weighted average number of shares | 218,423,567 | 198,495,594 | 218,410,655 | 198,463,158 | 10 | % | ||||||||||||||||
| Basic and diluted loss per share | $ | (0.01 | ) | $ | (0.02 | ) | (50 | %) | $ | (0.02 | ) | $ | (0.03 | ) | (33 | %) | ||||||
Unaudited Interim Statements of Financial Position as of January 31, 2025 and July 31, 2024
The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s financial position as of January 31, 2025 and July 31, 2024:
| January 31, 2025 | July 31, 2024 | ||||||||
| Assets | |||||||||
| Current assets | |||||||||
| Cash and cash equivalents | $ | 5,428,446 | $ | 8,628,521 | |||||
| Receivables | 956,108 | 3,862,199 | |||||||
| Prepaid expenses and deposits | 1,307,648 | 949,012 | |||||||
| Current portion of deferred cost of revenue | 371,291 | 371,309 | |||||||
| Inventory | 4,427,562 | 3,688,246 | |||||||
| 12,491,055 | 17,499,287 | ||||||||
| Property and equipment | 2,408,515 | 2,135,956 | |||||||
| Intangible assets | 5,070,629 | 4,465,755 | |||||||
| Non-current portion of deferred cost of revenue | 313,184 | 496,868 | |||||||
| Right of use assets | 1,007,880 | 344,304 | |||||||
| Total assets | $ | 21,291,263 | $ | 24,942,170 | |||||
| Liabilities | |||||||||
| Current liabilities | |||||||||
| Accounts payable and accrued liabilities | $ | 1,881,009 | $ | 3,991,292 | |||||
| Current portion of deferred revenue | 4,868,490 | 3,443,524 | |||||||
| Current portion of lease liability | 167,004 | 190,400 | |||||||
| 6,916,503 | 7,625,216 | ||||||||
| Non-Current liabilities | |||||||||
| Non-current portion of deferred revenue | 3,534,874 | 3,155,579 | |||||||
| Non-current portion of lease liability | 954,890 | 190,526 | |||||||
| $ | 11,406,267 | $ | 10,971,321 | ||||||
| Shareholders' equity | |||||||||
| Share capital | $ | 144,398,090 | $ | 144,372,452 | |||||
| Contributed surplus | 16,789,921 | 16,163,950 | |||||||
| Accumulated deficit | (151,849,134 | ) | (146,565,553 | ) | |||||
| Accumulated other comprehensive income | 546,119 | - | |||||||
| $ | 9,884,996 | $ | 13,970,849 | ||||||
| Total liabilities and shareholders' equity | $ | 21,291,263 | $ | 24,942,170 | |||||
Unaudited Interim Statements of Cash Flows for the Six Months Ended January 31, 2025 and 2024
The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s cash flows for the six month periods ended January 31, 2025 and 2024:
| Six months ended January 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Cash flow used in operating activities | |||||||||||
| Loss for the period | $ | (5,283,581 | ) | $ | (6,019,363 | ) | |||||
| Adjustment for: | |||||||||||
| Share-based compensation | 634,640 | 445,167 | |||||||||
| Depreciation | 725,154 | 608,308 | |||||||||
| Amortization | 422,454 | 402,950 | |||||||||
| Finance cost | 22,916 | 12,212 | |||||||||
| Property and equipment disposal | 21,675 | - | |||||||||
| Loss on inventory | 281,429 | 107,013 | |||||||||
| (3,175,313 | ) | (4,443,713 | ) | ||||||||
| Changes in non-cash working capital | |||||||||||
| Receivables | 3,009,688 | (1,304,098 | ) | ||||||||
| Prepaid expenses and deposits | (352,624 | ) | 400,482 | ||||||||
| Inventory | (1,329,105 | ) | (1,838,646 | ) | |||||||
| Deferred cost of revenue | 183,702 | 74,264 | |||||||||
| Accounts payable and accrued liabilities | (2,134,232 | ) | (96,073 | ) | |||||||
| Deferred revenue | 1,597,727 | 3,178,444 | |||||||||
| Cash used in operating activities | (2,200,157 | ) | (4,029,340 | ) | |||||||
| Cash flow used in investing activities | |||||||||||
| Purchase of property, plant and equipment | (129,180 | ) | - | ||||||||
| Internally developed intangible assets | (710,154 | ) | - | ||||||||
| Acquisition of right of use asset | (5,028 | ) | - | ||||||||
| Cash used in investing activities | (844,362 | ) | - | ||||||||
| Cash flow used in financing activities | |||||||||||
| Proceeds on issue of share capital | 16,970 | 84,849 | |||||||||
| Lease payments | (162,129 | ) | (190,498 | ) | |||||||
| Cash used in financing activities | (145,159 | ) | (105,649 | ) | |||||||
| Effect of exchange rate changes on cash and cash equivalents | (10,397 | ) | - | ||||||||
| Net decrease in cash and cash equivalents for the period | $ | (3,200,075 | ) | $ | (4,134,989 | ) | |||||
| Cash and cash equivalents beginning of the period | 8,628,521 | 8,327,449 | |||||||||
| Cash and cash equivalents end of the period | $ | 5,428,446 | $ | 4,192,460 | |||||||
FAQ
What was Xtract One's (XTRAF) revenue growth in Q2 2025?
How much did Xtract One's (XTRAF) gross margin improve in Q2 2025?
What is the current total backlog value for Xtract One (XTRAF)?
How much did Xtract One (XTRAF) reduce its losses in Q2 2025?
What was the value of new bookings for Xtract One (XTRAF) in Q2 2025?
