Xtract One Technologies
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Xtract One Technologies (XTRA) investor relations material

Xtract One Technologies Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary5 Mar, 2026

Executive summary

  • Q2 revenue increased 70% year-over-year to CAD 5.8 million, driven by strong demand and accelerated deployments across SmartGateway and OneGateway product lines.

  • Backlog remains near record levels at CAD 49 million, with a robust sales pipeline of over USD 105 million and ongoing installations across multiple sectors.

  • Expansion into new markets, including the U.K. and Mexico, and a landmark win with the British Museum highlight growing international traction.

  • Manufacturing and supply chain constraints have eased, enabling faster shipment rates and improved production scalability.

  • Comprehensive loss increased to $2.4 million from $2.1 million year-over-year, reflecting higher operating expenses and currency translation adjustments.

Financial highlights

  • Q2 revenue reached CAD 5.8 million, up 70% year-over-year and 26% sequentially from Q1.

  • Gross profit margin was 54% in Q2, down from 70% last year, due to initial ramp-up and deployment costs for OneGateway.

  • New bookings for Q2 were CAD 8.7 million, with 73% from upfront contracts, and bookings split evenly between both products.

  • Backlog and signed agreements pending installation totaled CAD 48.8 million, up from CAD 37.2 million a year ago.

  • Operating cash usage was CAD 4.2 million, mainly due to working capital investments; cash on hand at quarter-end was CAD 15.7 million.

Outlook and guidance

  • Expectation for record top-line results in fiscal 2026, with revenue growth driven by backlog conversion and new bookings.

  • Margins for OneGateway anticipated to improve and converge with SmartGateway over the next several quarters.

  • Majority of pending installations expected to be deployed within 12 months, supporting continued revenue acceleration.

  • Ongoing investments in sales, marketing, and production to support growth and market penetration.

  • Market interest remains strong, particularly in education, healthcare, and entertainment sectors.

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Q3 20265 Jun, 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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