Total Backlog Climbs to Record $37.2 Million; 70% Gross Margins; Cash Burn DeclinesTORONTO, March 12, 2025 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc.(TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) ("Xtract One” or the "Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced fiscal second quarter results for the three months ended January 31, 2025.
The outlook for the second half of fiscal 2025 remains bright, and we are well positioned on the path to profitability.” Financial Results for the Three Month Period Ended January 31, 2025 Consolidated revenue was $3.4 million for the three months ended January 31, 2025 as compared to $2.9 million for the same period last year, reflecting new business wins and a greater number of installations.Gross profit was $2.4 million, or a gross profit margin of 70%, in the fiscal 2025 second quarter versus $1.8 million, or a gross profit margin of 61%, in the prior-year period.
This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards ("IFRS”) and the Company’s Management’s Discussion and Analysis for the three and six month periods ended January 31, 2025 and 2024, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at Conference Call Details Xtract One will host a conference call to discuss its results tomorrow, March 13, 2025 at 10:00 am EST.
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