Xtract One Technologies
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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.
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Q1 2026 earnings summary4 Dec, 2025

Executive summary

  • Revenue for Q1 fiscal 2026 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.

  • Backlog reached a record level of over $53 million, with $14.1 million contractual and $39.1 million pending installation.

  • Demand for Xtract One Gateway exceeded expectations, especially in education, prompting a ramp-up in manufacturing capacity.

  • 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 for growth and business development.

Financial highlights

  • Q1 revenue increased 28% year-over-year to $4.6 million, with both subscription and upfront revenue rising.

  • Gross profit margin was 58%, down from 64% last year, due to initial production and installation costs for the new product.

  • New bookings for the quarter were $8.4 million, double the prior year, with significant contributions from Xtract One Gateway and education.

  • Operating cash usage was $1.2 million, improved from $2 million last year; cash and equivalents stood at $9.1 million at quarter-end.

  • Operating expenses rose to $5.7 million from $5.3 million year-over-year.

Outlook and guidance

  • Revenue is expected to be back-end loaded for fiscal 2026, with sequential growth anticipated.

  • Majority of backlog is expected to be deployed within the next 12 months.

  • 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.

  • Leadership is optimistic about transformational growth in fiscal 2026.

One Gateway gross margin improvement drivers?
International expansion strategy for Gateway?
One Gateway's competitive differentiation impact?
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Q2 202612 Mar, 2026
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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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