Canada's Xtract One Q2 revenue rises

Xtract One Technologies.

04/03/2026 22:38

Overview

Canada threat detection firm's fiscal Q2 revenue rose

Gross margin decreased to 54% from 70%

Company raised C$11.5 mln through public offering for growth acceleration

Outlook

Company expects solid top-line growth in the second half of fiscal 2026

Result Drivers

REVENUE GROWTH - Revenue increased yr/yr to C$5.8 mln, driven by higher deployments of weapon detection solutions

GROSS MARGIN DECLINE - Gross margin fell to 54% from 70% due to initial production and deployment costs of Xtract One Gateway

FUNDRAISING - Co raised C$11.5 mln through public offering to support growth acceleration

Company press release: ID:nGNXb76sZ4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$5.8 mln
Q2 EPS
-C$0.01


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Xtract One Technologies Inc. is C$1.08, about 102.8% above its March 3 closing price of C$0.53

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)