Core Insights - Xtract One Technologies Inc. reported a record backlog of over $53 million, indicating strong revenue growth potential for fiscal 2026 and beyond [3] - The company successfully ramped up the commercial deployment of its Xtract One Gateway, with new bookings totaling $5.1 million from seven customers in the first quarter [3] - A public offering raised gross proceeds of over $11.5 million, enhancing the company's capacity to meet customer demand and invest in business development [3] Financial Performance - Consolidated revenue for the first quarter ended October 31, 2025, was $4.6 million, up from $3.6 million in the same period last year, driven by the initial commercial deployments of Xtract One Gateway [4][6] - Gross profit was $2.7 million, with a gross profit margin of 58%, compared to $2.3 million and a margin of 64% in the prior-year period, due to higher initial production and installation costs [4][6] - Comprehensive loss for the quarter was $3.0 million, slightly higher than the $2.7 million loss in the same period last year, primarily due to unrealized foreign currency translation adjustments [5][6] Operational Highlights - The total contract value of new bookings reached $8.4 million for the quarter, compared to $4.2 million in the prior-year period [6] - Contractual backlog at the end of the first quarter was $14.1 million, a slight increase from $14.0 million in the previous year, excluding an additional $39.1 million in agreements pending installation [6] - The company is working with its manufacturing partner to increase production capacity to meet current and forecasted demand for Xtract One Gateway by the end of the second quarter of fiscal 2026 [3] Cash Flow and Financial Position - Cash and cash equivalents increased to $9.1 million as of October 31, 2025, from $8.2 million at the end of the previous quarter [17][18] - The company reported cash used in operating activities of $1.2 million for the quarter, an improvement compared to $1.95 million in the same period last year [18] - Total assets as of October 31, 2025, were $23.7 million, up from $23.4 million at the end of July 2025 [17]

Market Opportunity & Growth Strategy - The company is targeting a $46 billion initial target market focused on patron screening, security, and improved customer experience[19] - The total addressable market expands to over $135 billion with enhanced product offerings and global expansion[19] - The company is expanding into markets such as Schools, Commercial Property, Distribution, Manufacturing, Retail, and Hotels in North America[19] Technology & Competitive Advantage - The company's AI platform sets the stage for entry into the $135 billion market[14] - The company's technology offers up to 7X increase in patron throughput and up to 80% OPEX efficiencies compared to traditional approaches[31] - The company's SmartGateway was awarded DHS SAFETY Act Designation[69] Financial Performance & Structure - The company achieved 344% growth in revenue for the Platform operating segment in FY2024[74] - The company has a record order backlog at near $50 million[74] - The company's working capital as of July 31, 2025, is $6 million[76]

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].

Core Insights - Xtract One Technologies' Gateway system has been selected by Manor Independent School District to enhance security measures across its campuses [1][2][3] - The deployment is part of a broader multi-tier safety initiative that began in Fall 2024, aimed at improving long-term security processes [2][3] - The Gateway system is designed to detect weapons among everyday items, addressing key safety concerns for the district [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems [5] - The company's Gateway solutions are tailored for various environments, including schools, hospitals, and stadiums, ensuring high security while maintaining a seamless experience for users [5] Deployment Details - The initial deployment includes seven Gateway systems at four high schools, with plans to expand to all 15 campuses in the district [2] - An additional 11 systems are planned for future deployment, solidifying the Gateway as a permanent part of the district's security strategy [2] Technology Features - The Gateway system utilizes advanced sensors to differentiate between everyday items and potential threats, allowing for faster screening processes [3] - It can streamline access up to four times faster than traditional methods while ensuring individual privacy and safety standards [3]

Summary of Xtract One Technologies Conference Call Company Overview - **Company**: Xtract One Technologies Incorporated - **Industry**: Physical Security Technology - **Market Size**: $135 billion globally for physical security solutions [9][19] Core Points and Arguments - **Digital Transformation in Security**: The company aims to disrupt the physical security industry by leveraging software, AI, and sensor technologies to provide proactive security solutions, moving away from outdated methods like metal detectors [2][3][5] - **Growing Threats**: There is an increasing global threat of weapons proliferation, with reports of workplace violence rising significantly, highlighting the need for advanced security solutions [4][20] - **Innovative Technology**: Xtract One's technology allows individuals to pass through security without removing personal items while effectively detecting weapons, thus enhancing user experience and safety [6][12][14] - **Revenue Growth**: The company has experienced strong revenue growth, moving from a couple hundred thousand dollars in 2021 to tens of millions, with a healthy backlog indicating future growth [16][22][35] - **SaaS Business Model**: The company operates on a subscription-based model, providing predictable and recurring revenues [9][33] Market Segments and Products - **Target Markets**: The primary markets include schools, hospitals, manufacturing, distribution, and arenas/stadiums [19][36] - **Product Offerings**: - **SmartGateway**: Designed for arenas, stadiums, and hospitals, effectively detecting small weapons [16][19] - **Xtract One Gateway**: Tailored for schools and office environments, facilitating smooth entry without delays [17][18] Competitive Advantage - **Unique Detection Capabilities**: The technology can differentiate between weapons and everyday items, maintaining a low false alert rate while ensuring high ingress speed [25][29] - **Customer Validation**: The technology has been validated by high-security organizations, enhancing credibility [8][24] Financial Indicators - **Backlog Growth**: The backlog of orders is a strong indicator of future revenue, with many customers on a subscription basis [33][38] - **Market Penetration**: The company has only scratched the surface of its market potential, indicating significant room for growth [24][26] Additional Insights - **Customer Experience**: The technology not only improves security but also enhances the overall experience for users, as evidenced by increased employee satisfaction in hospitals and faster entry times at venues [10][15] - **International Expansion**: The company is seeing interest from international markets, particularly in regions where knife threats are prevalent [20][19] Conclusion - **Investment Opportunity**: Xtract One Technologies presents a compelling investment opportunity due to its innovative solutions, strong market demand, and significant growth potential in a large and expanding market [26][24]

Core Insights - Xtract One Technologies has been selected by Volusia County Schools to implement its Xtract One Gateway system to enhance school security screenings for the 2025-2026 school year [1][2] - The deployment will occur in two phases, starting in 2025 at high schools, with a total of 48 Gateway systems being installed [1][2] - The Gateway system allows for efficient scanning of individuals and their belongings without the need for removing bags, thus improving the screening process [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems [5] - The company's technology aims to provide seamless security experiences while enhancing safety in various environments, including schools, hospitals, and stadiums [5] - Xtract One's Gateway solutions are designed to discreetly screen for weapons and threats at entry points without disrupting the flow of traffic [5] Industry Context - There is a growing trend among school districts to invest in advanced security technologies to enhance safety measures as the new school year approaches [2] - The decision by Volusia County Schools reflects an increasing demand for effective security solutions in educational environments [3] - The Xtract One Gateway system is positioned to redefine security experiences by balancing threat detection with user privacy and convenience [3]

Core Insights - Xtract One Technologies has been selected by Mecklenburg County Public Schools to implement its Gateway system for enhanced school security [1][2][4] - The Gateway system is designed to efficiently screen for weapons while allowing students to carry personal items without the need for divesting [3][4] - The partnership aims to improve safety and provide a deterrent against contraband and weapons in schools [4] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on unobtrusive weapons detection systems [6] - The company's Gateway solutions are tailored for various environments, including schools, hospitals, and stadiums, ensuring high security while maintaining a seamless experience for users [6] Industry Context - The implementation of advanced security systems like Xtract One's Gateway reflects a growing trend in educational institutions to enhance safety measures amid rising concerns about school security [2][4] - The Gateway system addresses previous challenges faced by schools in effectively screening personal items, thus streamlining security processes [2][3]

Core Viewpoint - Xtract One Technologies Inc. reported a decrease in revenue for the third quarter of fiscal 2025 but maintains a strong backlog and positive outlook for future growth, driven by new product launches and significant orders [3][4]. Financial Performance - Consolidated revenue for the three months ended April 30, 2025, was $3.5 million, down from $4.7 million in the same period last year, attributed to delayed deployments [4][7]. - Gross profit for the quarter was $2.0 million, resulting in a gross profit margin of 57%, compared to a gross profit of $2.7 million and a margin of 58% in the prior-year period [4][7]. - Comprehensive loss for the quarter was $3.3 million, an increase from a loss of $2.7 million in the same period of fiscal 2024, reflecting reduced gross profit offset by lower operating costs [5][7]. Backlog and Orders - The total contractual backlog at the end of the third quarter was $15.4 million, up from $13.8 million in the prior-year period, excluding an additional $21.1 million of agreements pending installation [7]. - The company has $6.7 million in orders for its new Xtract One Gateway product, which is set to start shipping in July [3][7]. Operational Developments - Recent wins include contracts with the Colorado Rockies and an international entertainment giant, positioning the company favorably for the upcoming quarters [3][7]. - The company has conducted numerous demonstrations and trials across various sectors, including education, healthcare, and manufacturing [7]. Cash Flow and Financial Position - Cash and cash equivalents decreased to $1.9 million as of April 30, 2025, down from $8.6 million at the end of the previous fiscal year [16][17]. - The company reported a net loss of $8.4 million for the nine months ended April 30, 2025, compared to a loss of $8.7 million for the same period in 2024 [17].

Core Insights - Xtract One Technologies Inc. is set to begin shipping its new security platform, Xtract One Gateway, in July, with an aggregate order value of approximately $6.7 million from at least five different customers [1][2] - The product has received certification in the U.S. and Canada, with plans to enter additional international markets later this quarter [1] - The Xtract One Gateway is designed to enhance security by scanning individuals and their belongings, significantly reducing screening times and improving the overall access experience [2][3] Company Overview - Xtract One Technologies specializes in AI-driven threat detection and security solutions, focusing on seamless patron access control experiences [3] - The company aims to provide unobtrusive weapons and threat detection systems that enhance safety while maintaining efficient traffic flow at entry and exit points [3] - Xtract One's solutions cater to various sectors, including education, healthcare, manufacturing, and distribution, establishing the company as a market leader in security technology [3]