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Xtract One Technologies (XTRA) investor relations material
Xtract One Technologies Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary4 Dec, 2025
Executive summary
Revenue for Q1 FY2026 reached $4.6 million, up from $3.6 million year-over-year, driven by strong order inflows and initial commercial deployments of a new product.
Record backlog exceeded $53 million, nearly double the prior year, with significant contributions from education and healthcare sectors.
Commercial deployment of Xtract One Gateway began, with SmartGateway also seeing continued growth and deployments.
A public offering post-quarter raised $11.5 million, strengthening liquidity and supporting growth initiatives.
The company is positioned for transformational growth in FY2026, with sequential revenue growth expected and a strong balance sheet.
Financial highlights
Q1 revenue was $4.6 million, up 28% year-over-year, with both subscription and upfront revenue increasing.
Gross margin declined to 58% from 64% last year, impacted by higher initial production and installation costs.
New bookings reached $8.4 million, double the prior year, with 60% from Xtract One Gateway and 51% from education.
Operating cash usage was $1.2 million, improved from $2 million last year; cash and equivalents at quarter-end were $9.1 million.
Subsequent public offering raised $11.5 million, further strengthening liquidity.
Outlook and guidance
Revenue is expected to be back-end loaded in FY2026, with sequential growth anticipated as production ramps.
Management expects gross margins to improve in the second half of fiscal 2026 as commercial deployment scales.
Production capacity is being increased to meet higher-than-anticipated demand for Xtract One Gateway.
Majority of backlog and signed agreements are expected to be deployed within 12 months.
The company targets cash flow break-even in the near term, supported by phased deployments and increased manufacturing capacity.
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Next Xtract One Technologies earnings date
Q2 202612 Mar, 2026
Next Xtract One Technologies earnings date
Q2 202612 Mar, 2026
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Frequently asked questions
Xtract One Technologies Inc., previously known as Patriot One Technologies Inc., active in the field of physical security, specializing in the development and commercialization of advanced threat detection solutions. The company's mission revolves around enhancing the safety of public spaces through the integration of artificial intelligence (AI)-powered technologies designed to identify and mitigate security threats. Xtract One's portfolio includes SafeGateway and SmartGateway, two flagship products that are used in entrance security,scanning for concealed weapons such as guns, knives, and IED components, without compromising the privacy or convenience of individuals entering a venue. Additionally, Xtract One Insights and Xtract One Vision offer comprehensive real-time analytics and incident detection. With a focus on AI and innovation, Xtract One serves a broad spectrum of venues, including stadiums, arenas, schools, workplaces, and healthcare facilities, aiming to create safer environments without sacrificing the patron experience. The company is headquartered in Toronto, Canada, and its shares are listed on the Toronto Stock Exchange.
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