Xtract One Secures $2.6M Contract for SmartGateway Expansion

An update from Xtract One ( (TSE:XTRA) ) is now available.

Xtract One Technologies has secured a US$2.6 million contract to expand its SmartGateway deployment at a major international entertainment venue, building on a previous US$5.1 million installation. This expansion, planned for 2026, highlights the company’s strategic focus on international growth and its ability to meet the unique security needs of large venues, reinforcing its position as a key player in the global security solutions market.

The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$0.80 price target. To see the full list of analyst forecasts on Xtract One stock, see the TSE:XTRA Stock Forecast page.

Spark’s Take on TSE:XTRA Stock

According to Spark, TipRanks’ AI Analyst, TSE:XTRA is a Neutral.

Xtract One’s stock score is primarily influenced by its financial performance and earnings call analysis. While revenue growth and market opportunities are promising, significant profitability and cash flow issues, coupled with a challenging valuation, weigh heavily on the score. Technical indicators suggest potential overbought conditions, adding to the cautious outlook.

To see Spark’s full report on TSE:XTRA stock, click here.

More about Xtract One

Xtract One Technologies is a leading provider of AI-driven threat detection and security solutions. The company specializes in unobtrusive weapons and threat detection systems designed to enhance safety while ensuring seamless experiences at entry and exit points. Xtract One’s solutions cater to various sectors, including schools, hospitals, arenas, and stadiums, positioning it as a market leader in delivering high security with minimal disruption.

Average Trading Volume: 296,134

Technical Sentiment Signal: Hold

Current Market Cap: C$112.4M

See more insights into XTRA stock on TipRanks’ Stock Analysis page.