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Xtract One (TSE:XTRA)
TSX:XTRA

Xtract One (XTRA) AI Stock Analysis

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TSE:XTRA

Xtract One

(TSX:XTRA)

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Neutral 57 (OpenAI - 4o)
Rating:57Neutral
Price Target:
C$0.75
▲(24.17% Upside)
Xtract One's overall stock score is primarily influenced by its financial challenges, which significantly weigh down the score. However, positive technical indicators and an optimistic earnings call outlook provide some support. The valuation remains a concern due to ongoing losses and lack of dividend yield. The company's strategic initiatives and strong sales pipeline offer potential for future improvement.
Positive Factors
Record Backlog Growth
A record backlog indicates strong future revenue potential and demand for Xtract One's products, suggesting sustained business growth and market confidence.
Expansion into Healthcare
Expanding into the healthcare sector with a major provider enhances market diversification and long-term revenue streams, reducing reliance on any single sector.
Strong Revenue Growth
Revenue growth reflects successful product adoption and market penetration, supporting the company's financial health and strategic objectives.
Negative Factors
Declining Gross Profit Margin
A declining gross profit margin indicates rising costs and potential pricing pressures, which could impact long-term profitability if not addressed.
Production Constraints
Production constraints may limit the ability to meet demand, potentially affecting revenue growth and customer satisfaction if not resolved.
Negative Profitability Margins
Sustained negative profitability margins highlight operational inefficiencies and financial instability, necessitating strategic improvements for long-term viability.

Xtract One (XTRA) vs. iShares MSCI Canada ETF (EWC)

Xtract One Business Overview & Revenue Model

Company DescriptionXtract One Technologies Inc. engages in the research, development, and commercialization of threat detection solutions worldwide. It operates through Patriot and Xtract segments. The Patriot segment develops and commercializes a platform of artificial intelligence (AI) powered threat detection technologies. The Xtract segment develops and commercializes AI solutions. The company's products include PATSCAN VRS Video Recognition Software that combines digital cameras and artificial intelligence to automate the detection of visible weapon threats, fights, and health and safety issues; and PATSCAN Multi-Sensor Gateway, an autonomous detection system that detects threats on individuals carrying concealed guns, knives, or related threat objects into secured private or public spaces, and can be installed at schools, stadiums, concert halls, shopping centers, and other entryways into private, public, or secured buildings. It also develops PATSCAN Cognitive Microwave Radar (CMR), a system to detect concealed guns and knives utilizing microwave radar technology coupled with custom machine learning/AI software. The company was formerly known as Patriot One Technologies Inc. and changed its name to Xtract One Technologies Inc. in December 2022. Xtract One Technologies Inc. was founded in 2016 and is headquartered in Toronto, Canada.
How the Company Makes MoneyXtract One generates revenue through a multifaceted business model that includes the sale of its advanced detection systems, subscription services for ongoing software and system updates, and maintenance contracts. The company also partners with various venues and organizations to integrate its technology into their existing security frameworks, creating additional revenue opportunities through long-term contracts. Key revenue streams include initial hardware sales, recurring subscription fees for access to enhanced analytics and reporting features, and service agreements that ensure continuous support and system upgrades. These partnerships, along with increasing demand for safety and security solutions, contribute significantly to Xtract One's earnings.

Xtract One Earnings Call Summary

Earnings Call Date:Dec 03, 2025
(Q1-2026)
|
% Change Since: |
Next Earnings Date:Mar 05, 2026
Earnings Call Sentiment Positive
The earnings call presented a positive outlook with strong revenue growth, record backlog, and successful fundraising, despite some challenges with gross margin and production constraints.
Q1-2026 Updates
Positive Updates
Record Backlog Growth
The company's backlog reached a new record of $53 million, showing strong demand for its products.
Revenue Increase
Total revenue for the first quarter was approximately $4.6 million, up from $3.6 million in the prior year period.
Strong Demand for Xtract One Gateway
Approximately 60% of Q1 bookings were for the Xtract One Gateway, indicating high demand and market traction.
Successful Public Offering
The company raised aggregate gross proceeds of approximately $11.5 million in a recent public offering.
Diverse Market Penetration
Expansion into education and healthcare sectors, with healthcare bookings increasing from 14% to 36% year-over-year.
Negative Updates
Decreased Gross Profit Margin
Gross profit margin decreased to 58% from 64% in the prior year period due to costs related to initial production and installation.
Installation Friction
Challenges in deployment and installation due to customer-side issues like construction delays and internal reorganizations.
Production Constraints
Current demand for the Xtract One Gateway is outstripping manufacturing capacity, requiring increased production capabilities.
Company Guidance
During Xtract One Technologies' Fiscal 2026 First Quarter Earnings Conference Call, the company provided an optimistic outlook for the year, highlighting several key metrics. Revenue for the first quarter reached $4.6 million, up from $3.6 million in the same period last year, driven by increasing demand for the Xtract One Gateway, particularly in the education sector, which accounted for approximately 51% of new bookings. The company reported a record backlog totaling $53.2 million, nearly doubling from the previous year, with $14.1 million in contractual backlog and $39.1 million in signed agreements pending installation. Despite a slight decline in gross profit margin to 58% from 64% the previous year, the company anticipates improvement as production ramps up. New bookings for the quarter were strong at $8.4 million, showing significant growth compared to $4.2 million in the prior year. The company remains confident in its path toward cash flow breakeven, supported by a robust sales pipeline exceeding $100 million and a strong cash position bolstered by a recent $11.5 million public offering.

Xtract One Financial Statement Overview

Summary
Xtract One faces significant financial challenges, with declining revenues, substantial losses, and negative profitability margins. While leverage is low, the negative return on equity and cash flow difficulties highlight operational inefficiencies. Strategic initiatives are needed to enhance revenue growth, cost management, and cash flow generation.
Income Statement
45
Neutral
Xtract One's income statement reveals significant challenges. The company has experienced a decline in revenue growth, with a negative growth rate of -14.19% in the most recent year. Profitability metrics are concerning, with a negative net profit margin of -85.73% and EBIT margin of -85.73%, indicating substantial losses relative to revenue. The gross profit margin has also decreased from previous years, reflecting pressure on cost management. Overall, the income statement suggests financial instability and a need for strategic improvements.
Balance Sheet
55
Neutral
The balance sheet shows a relatively low debt-to-equity ratio of 0.11, indicating conservative leverage. However, the return on equity is negative at -111.15%, highlighting inefficiencies in generating returns for shareholders. The equity ratio stands at 45.63%, suggesting a moderate level of equity financing. While the company maintains a stable capital structure, the negative ROE and declining equity levels suggest underlying financial challenges.
Cash Flow
50
Neutral
Cash flow analysis indicates negative operating cash flow and free cash flow, with a free cash flow growth rate of -17.94%. The operating cash flow to net income ratio is -0.69, reflecting cash flow challenges relative to reported losses. The free cash flow to net income ratio is slightly positive at 1.03, indicating some alignment between cash flow and net income. Overall, cash flow management appears strained, necessitating improvements in operational efficiency.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue13.85M16.36M4.11M3.62M1.08M
Gross Profit7.55M10.26M2.38M3.34M1.05M
EBITDA-9.54M-8.96M-14.24M-13.04M-11.45M
Net Income-11.88M-11.06M-16.34M-39.72M-16.56M
Balance Sheet
Total Assets23.41M24.94M19.00M18.06M49.40M
Cash, Cash Equivalents and Short-Term Investments8.22M8.63M8.33M6.28M9.65M
Total Debt1.13M380.93K356.84K677.28K985.92K
Total Liabilities12.73M10.97M4.26M3.51M2.56M
Stockholders Equity10.69M13.97M14.74M14.55M46.84M
Cash Flow
Free Cash Flow-6.73M-8.57M-13.57M-9.37M-12.26M
Operating Cash Flow-6.54M-8.14M-13.54M-9.27M-11.69M
Investing Cash Flow-756.71K-429.75K364.46K-95.76K-544.96K
Financing Cash Flow6.90M8.87M15.22M5.99M-514.96K

Xtract One Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.60
Price Trends
50DMA
0.69
Negative
100DMA
0.64
Positive
200DMA
0.52
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
47.79
Neutral
STOCH
32.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XTRA, the sentiment is Negative. The current price of 0.6 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.69, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 32.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:XTRA.

Xtract One Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
61
Neutral
C$132.56M-45.03-8.89%0.72%-4.89%-143.94%
57
Neutral
C$149.16M-12.50-108.12%-12.14%4.41%
55
Neutral
C$119.57M109.7624.43%20.62%21.78%
51
Neutral
C$202.72M-5.64-31.23%13.16%-1375.61%
50
Neutral
C$165.54M-55.82-14.10%48.18%-401.19%
41
Neutral
C$61.71M-74.71-144.12%-10.57%-117.50%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:XTRA
Xtract One
0.65
0.18
38.30%
TSE:URL
NameSilo Technologies Corp
1.35
0.87
181.25%
TSE:IMP
Intermap Technology
2.35
0.12
5.38%
TSE:ONE
01 Communique Laboratory Inc.
0.65
0.46
242.11%
TSE:SYZ
Sylogist
5.67
-3.33
-37.00%
TSE:WNDR
WonderFi Technologies Inc
0.30
0.03
11.11%

Xtract One Corporate Events

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Secures $2.6M Contract for SmartGateway Expansion
Positive
Aug 14, 2025

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Technologies to Enhance Security at Volusia County Schools
Positive
Aug 5, 2025

Xtract One Technologies has been selected by Volusia County Schools in Florida to implement its Xtract One Gateway system, enhancing school security screenings with non-intrusive technology for the 2025-2026 school year. This deployment, in collaboration with CK2 Technologies, will occur in two phases across the county’s high schools, aiming to create a safer environment for students and staff. The decision reflects a growing demand for advanced security solutions in educational settings, highlighting Xtract One’s role in redefining security standards with its innovative weapons detection technology.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Technologies to Enhance Security at Volusia County Schools
Positive
Aug 5, 2025

Xtract One Technologies has been selected by Volusia County Schools in Florida to deploy its Xtract One Gateway system, enhancing school security with non-intrusive technology for the 2025-2026 school year. This deployment reflects the growing demand for advanced security solutions in educational environments, aiming to provide a safe and welcoming atmosphere for students, faculty, and visitors while maintaining efficient entry processes.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Secures Global Contract for SmartGateway Deployment
Positive
Jul 24, 2025

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One’s SmartGateway Enhances Safety in Meridian Schools
Positive
Jul 17, 2025

Xtract One Technologies has been selected by Meridian Public School District in Mississippi to implement its SmartGateway system, aimed at enhancing safety across school campuses. This deployment will initially focus on the high school, with plans to expand to all ten campuses, ensuring the safety of over 4,500 students and 1,000 employees. The SmartGateway system offers advanced threat detection capabilities with minimal disruption, replacing traditional metal detectors with AI-powered sensors that discreetly scan for concealed weapons. This partnership underscores a commitment to creating safer educational environments, allowing students and faculty to focus on learning without safety concerns.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Partners with Mecklenburg County Schools for Enhanced Security
Positive
Jul 8, 2025

Xtract One Technologies has been selected by Mecklenburg County Public Schools in Virginia to implement its Gateway system for enhanced security across the district. This partnership aims to improve the safety of students, staff, and visitors by providing a more efficient and effective screening process that allows individuals to carry personal items without divesting, while still detecting weapons. The Gateway system is expected to streamline access and improve confidence in school safety, potentially setting a precedent for similar institutions.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One’s Gateway System Chosen for Mecklenburg County Schools’ Security Enhancement
Positive
Jul 8, 2025

Xtract One Technologies has been selected by Mecklenburg County Public Schools in Virginia to deploy its Gateway system to enhance security across school entrances. The Gateway system, designed for efficient weapons detection, will streamline the screening process, allowing students to enter with personal items like laptops and backpacks without divesting, while maintaining high safety standards. This deployment aims to improve safety and confidence among students and parents, addressing previous challenges with traditional screening methods.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One’s SmartGateway Enhances Security at San Mateo Medical Center
Positive
Jun 24, 2025

Xtract One Technologies has been chosen by San Mateo Medical Center in California to deploy its SmartGateway system, enhancing security with AI-powered weapon detection. This initiative aligns with California’s new mandate for hospital weapons detection, aiming to improve safety and reduce disruptions, thereby positioning San Mateo Medical Center as a proactive leader in healthcare security.

The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Xtract One stock, see the TSE:XTRA Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
Xtract One Secures $8M in Public Offering to Enhance Operations
Positive
Jun 18, 2025

Xtract One Technologies has successfully closed an $8 million bought deal public offering, with full exercise of the over-allotment option. The proceeds from this offering will be used for working capital and general corporate purposes, potentially strengthening the company’s operational capabilities and market position in the security solutions industry.

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.

Private Placements and FinancingBusiness Operations and Strategy
Xtract One Announces $7 Million Public Offering to Boost AI Security Solutions
Positive
Jun 12, 2025

Xtract One Technologies Inc. has announced a $7 million ‘bought deal’ public offering, with Ventum Capital Markets agreeing to purchase 18 million units at $0.39 per unit. The proceeds will be used for working capital and general corporate purposes, and the offering is expected to close around June 18, 2025, subject to regulatory approvals. This move is poised to bolster Xtract One’s financial position, allowing further investment in their AI-driven security solutions, potentially enhancing their market leadership in threat detection.

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.

Business Operations and StrategyFinancial Disclosures
Xtract One Technologies Reports Q3 Fiscal 2025 Results, Prepares for Growth
Neutral
Jun 5, 2025

Xtract One Technologies reported its fiscal third quarter results, highlighting a decrease in revenue to $3.5 million compared to the previous year, attributed to delayed deployments. Despite this, the company maintains a strong contractual backlog and is optimistic about future growth, especially with the upcoming shipment of its newly certified Xtract One Gateway platform. The company has secured significant orders and partnerships, including with the Colorado Rockies, positioning it well for the remainder of the fiscal year.

The most recent analyst rating on (TSE:XTRA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Xtract One stock, see the TSE:XTRA Stock Forecast page.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Technologies Prepares to Launch Innovative Security Platform
Positive
Jun 3, 2025

Xtract One Technologies announced that its new security platform, Xtract One Gateway, is set to begin shipping in July, with orders valued at approximately $6.7 million. The system, which has been certified in the U.S. and Canada, is designed to streamline security checks by unobtrusively scanning individuals and their belongings for potential threats while distinguishing harmless items. The strong market response and rising demand indicate a positive impact on the company’s operations and industry positioning, as it continues to engage with customers across various sectors.

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.

Business Operations and StrategyFinancial Disclosures
Xtract One Technologies to Announce Q3 Fiscal 2025 Results
Neutral
May 29, 2025

Xtract One Technologies announced the release of its fiscal 2025 third quarter results, scheduled for June 5, 2025. The company will host a webcast and conference call on June 6, 2025, led by CEO Peter Evans and CFO Karen Hersh, to discuss the financial results and provide a business outlook. This announcement highlights Xtract One’s commitment to transparency and its strategic focus on leveraging AI for security solutions, potentially reinforcing its market position and stakeholder confidence.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Partners with Colorado Rockies to Enhance Stadium Security
Positive
May 27, 2025

Xtract One Technologies has partnered with the Colorado Rockies to implement its SmartGateway system at Coors Field, aiming to enhance fan safety and streamline entry processes. This deployment replaces traditional metal detectors, allowing faster and more efficient security checks, and aligns with the Rockies’ mission to improve game-day experiences. The SmartGateway system uses AI-powered sensors to unobtrusively scan patrons, reducing wait times and providing proactive security insights, thus positioning Xtract One as a leader in modern stadium security solutions.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Partners with Colorado Rockies to Enhance Stadium Security with SmartGateway
Positive
May 27, 2025

Xtract One Technologies has partnered with Major League Baseball’s Colorado Rockies to deploy its SmartGateway system at Coors Field. This collaboration aims to enhance stadium security by introducing a frictionless, AI-powered screening process that significantly reduces wait times and improves the overall game-day experience for fans. The deployment of SmartGateway aligns with the Rockies’ commitment to integrity and quality, offering a proactive security solution that unobtrusively scans patrons and detects threats without compromising privacy.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Xtract One Secures Global Agreement for AI-Powered Security Solutions
Positive
May 15, 2025

Xtract One Technologies has entered a Master Supply Agreement with a global media and entertainment organization to deploy its SmartGateway security screening solution. This agreement marks a significant step for Xtract One, as its AI-powered technology will be used to enhance security across the entertainment company’s venues worldwide, starting with a location in Asia. The SmartGateway’s ability to provide fast, reliable, and accurate patron screening sets a new standard in the industry, offering a proactive approach to security that maintains guest privacy and reduces wait times.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 11, 2025