Xtract One Announces Fiscal 2025 Fourth Quarter and Full Year Results

Core Insights - Xtract One Technologies Inc. reported annual results for the year ended July 31, 2025, highlighting a record backlog and strong demand for its Xtract One Gateway despite revenue falling short of expectations [2][5]. Financial Performance - Annual revenue for fiscal 2025 was $13.9 million, down from $16.4 million in the prior year [5]. - Gross margin improved to 66% in fiscal 2025 from 63% in fiscal 2024 [5]. - Operating expenses decreased slightly to $21.1 million from $21.6 million year-over-year [5]. - Total contract value of new bookings reached $38.0 million, a 28% increase from $29.8 million in 2024 [5]. - Comprehensive loss for the year was $11.5 million, compared to $11.1 million in the previous year [5]. Quarterly Highlights - Quarterly revenue for Q4 fiscal 2025 was $3.3 million, down from $5.6 million in the same period last year [5]. - Gross margin for Q4 improved to 71% from 65% year-over-year [5]. - Total contract value of new bookings for Q4 was a record $16.1 million, compared to $5.6 million for the same period last year [5]. Backlog and Customer Demand - The company ended the fiscal year with a backlog of nearly $50 million, attributed to several complex, larger deals pending installation [2]. - Demand for the Xtract One Gateway is accelerating, with total bookings from nine customers worth $13.1 million for the year [2]. Future Outlook - The CEO expressed optimism for fiscal 2026, anticipating it to be the best year ever for the company [2].