Xtract One Technologies Reports Strong Q1 Results and Promising Outlook for 2026

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

Xtract One Technologies reported its fiscal first quarter results for 2026, highlighting a revenue increase to $4.6 million from $3.6 million in the previous year, despite a decrease in gross margin from 64% to 58%. The company has a total backlog exceeding $53 million, indicating strong demand for its Xtract One Gateway product, which has led to new bookings worth $5.1 million from seven customers. The company successfully raised $11.5 million through a public offering, positioning itself for significant growth and improved margins in the latter half of fiscal 2026.

The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$1.00 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 challenges, including ongoing losses and cash flow issues. However, positive technical indicators and a promising outlook from the earnings call, including strong backlog and market expansion, provide some optimism. Valuation concerns due to negative earnings weigh down the overall score.

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

More about Xtract One

Xtract One Technologies Inc. is a leading company in the technology-driven threat detection and security solutions industry. The company focuses on enhancing the patron access experience by leveraging artificial intelligence to provide advanced security solutions.

Average Trading Volume: 503,527

Technical Sentiment Signal: Buy

Current Market Cap: C$159.1M

For an in-depth examination of XTRA stock, go to TipRanks’ Overview page.