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Xtract One Secures Global Contract for SmartGateway Deployment

Story Highlights
  • Xtract One Technologies partners with a global arts company to enhance venue security.
  • The SmartGateway solution sets a new industry standard for security and audience experience.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xtract One Secures Global Contract for SmartGateway Deployment

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Xtract One ( (TSE:XTRA) ) just unveiled an update.

Xtract One Technologies has secured a contract with a global performing arts company to deploy its SmartGateway screening solution, enhancing security at venues and touring events worldwide. This deployment, which follows a successful trial, highlights Xtract One’s leadership in innovative security solutions and sets a new standard in the entertainment industry by combining advanced weapons detection with a seamless entry experience, reinforcing their market position and offering significant opportunities for growth.

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.

The overall score is influenced by financial challenges, particularly in profitability and cash flow, despite revenue growth. Technical indicators suggest a cautious outlook, and valuation remains problematic with negative earnings. Positive developments in corporate strategy and market opportunities partially offset these negatives.

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

More about Xtract One

Xtract One Technologies is a leading provider of threat detection and security solutions, leveraging AI to deliver seamless and secure experiences. The company specializes in unobtrusive weapons and threat detection systems, enabling facility operators to prioritize safety while ensuring a smooth entry experience. Their solutions cater to diverse markets including schools, hospitals, arenas, and stadiums, positioning Xtract One as a market leader in security and user experience.

Average Trading Volume: 219,869

Technical Sentiment Signal: Sell

Current Market Cap: C$83.69M

Learn more about XTRA stock on TipRanks’ Stock Analysis page.

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