H.C. Wainwright analyst Scott Buck reiterated a Buy rating on Xtract One today and set a price target of C$1.00.
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Scott Buck has given his Buy rating due to a combination of factors including strong sales execution and a high demand for Xtract One’s Gateway product. The company has reported a record backlog exceeding C$53.0M, positioning it for significant revenue growth in FY26. This growth is supported by the recent capital raise of over C$11.5M, which strengthens the balance sheet and provides the necessary runway to achieve positive free cash flow.
Furthermore, the company’s fiscal F1Q26 revenue showed a sequential improvement, and despite slightly lower gross margins due to initial production costs, there is potential for margin improvement as the business scales. The ongoing demand for the Gateway product and the company’s cost discipline contribute to a positive outlook, with anticipated revenue acceleration through FY26 and into FY27. These factors underpin the Buy rating with a price target of C$1.00.