Security tech firm Xtract One's Q1 revenue rises

Xtract One Technologies.

03/12/2025 23:02

Overview

Xtract One fiscal Q1 revenue rises to C$4.6 mln from C$3.6 mln year-over-year

Company's gross margin declines to 58% from 64%

Company raises C$11.5 mln through public offering post-fiscal Q1

Outlook

Xtract One expects higher demand for Xtract One Gateway to drive revenue growth

Company plans to increase production capacity by end of Q2 fiscal 2026

Gross margins expected to improve in second half of fiscal 2026

Result Drivers

GATEWAY DEPLOYMENT - Revenue increase attributed to first commercial deployments of Xtract One Gateway

HIGH DEMAND - Higher-than-expected demand for Xtract One Gateway, resulting in increased bookings

MARGIN IMPACT - Gross margins affected by initial production and installation costs of Xtract One Gateway

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$4.6 mln
Q1 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 68% above its December 2 closing price of C$0.64

Press Release: ID:nGNX8wZ0jx

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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.)