Xtract One Announces Third Quarter Fiscal 2025 Results

TORONTO, June 05, 2025 (GLOBE NEWSWIRE) —  Xtract One Applied sciences Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Firm”) a number one technology-driven menace detection and safety resolution that prioritizes the patron entry expertise by leveraging AI, at this time introduced fiscal third quarter outcomes for the three months ended April 30, 2025. All data is in Canadian {dollars} except in any other case indicated.

Third Quarter Highlights

• Quarterly income of $3.5 million for the three months ended April 30, 2025 versus $4.7 million within the prior-year interval.
• Gross margin of 57% for the third quarter of fiscal 2025 versus 58% within the prior-year interval.
• Complete contract worth of latest bookings¹ was $4.6 million for the three months ending April 30, 2025 as in comparison with $9.5 million for a similar interval final yr.
• Contractual backlog was $15.4 million on the finish of the third quarter as in comparison with $13.8 million within the prior-year interval, excluding a further $21.1 million of agreements pending installation1 versus roughly $12.8 million on the finish of the third quarter of fiscal 2024.
• Subsequent to the quarter, the Firm introduced that its new modern safety platform, Xtract One Gateway, has been licensed in Canada and the U.S and is on monitor to begin transport in July, with a present combination order worth of roughly $6.7 million throughout 5 completely different clients. The Firm has accomplished quite a few demonstrations and trials throughout the schooling, healthcare and manufacturing and distribution markets.

“Whereas income was decrease than anticipated for the quarter attributable to some delayed deployments, we stay on monitor for a stable yr of efficiency and proceed to have a rising backlog that strengthens our outlook for the longer term,” said Peter Evans, Chief Government Officer of Xtract One. “As lately introduced, our Xtract One Gateway will begin transport this July, and we have already got $6.7 million of orders in hand. Whereas growing our expectations for the quarters to return, latest investments in stock and product rollout lowered our money stage through the interval, which was anticipated. On the identical time, we’ve introduced a number of thrilling developments together with new wins with the Colorado Rockies and a global leisure large which, together with different awards, place us effectively for the yr forward. We stay upbeat concerning the fourth quarter and look to finish fiscal 2025 on a excessive be aware.”

Monetary Outcomes for the Three Month Interval Ended April 30, 2025

Consolidated income was $3.5 million for the three months ended April 30, 2025 as in comparison with $4.7 million for a similar interval final yr, reflecting timing of order deployments. Gross revenue was $2.0 million, or a gross revenue margin of 57%, within the fiscal 2025 third quarter versus $2.7 million, or a gross revenue margin of 58%, within the prior-year interval.

Complete loss was $3.3 million for the three month interval ended April 30, 2025 as in comparison with $2.7 million for a similar interval in fiscal 2024, reflecting a lowered gross revenue offset by decrease general working prices.

This press launch must be learn along with the Firm’s Unaudited Condensed Consolidated Interim Monetary Statements, ready in accordance with Worldwide Monetary Reporting Requirements (“IFRS”) and the Firm’s Administration’s Dialogue and Evaluation for the three and 9 month intervals ended April 30, 2025 and 2024, which will be discovered on the Firm’s web site and below the Firm’s profile on SEDAR+ at http://www.sedarplus.ca.

Convention Name Particulars

Xtract One will host a convention name to debate its outcomes tomorrow, June 6, 2025 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Company Secretary, will present an summary of the interim monetary outcomes together with administration’s outlook for the enterprise, adopted by a question-and-answer interval.

The webcast and presentation can be accessible on the corporate’s web site. The webcast can be accessed here and the phone quantity for the convention name is 844-481-3016 (412-317-1881 for worldwide callers).

About Xtract One Applied sciences

Xtract One Technologies is a number one technology-driven menace detection and safety resolution leveraging AI to offer seamless and safe patron entry management experiences. The Firm makes unobtrusive weapons and menace detection techniques which are designed to help facility operators in prioritizing- and delivering improved “Stroll-right-In” experiences whereas enhancing security. Xtract One’s modern portfolio of AI-powered Gateway options excels at permitting services to discreetly display screen and determine weapons and different threats at factors of entry and exit with out disrupting the movement of site visitors. With options constructed to serve the distinctive market wants for faculties, hospitals, arenas, stadiums, manufacturing, distribution, and different clients, Xtract One is acknowledged as a market chief delivering the best safety together with the very best particular person expertise. For extra data, go to http://www.xtractone.com or join on Facebook, Twitter, and LinkedIn. 

About Risk Detection and Safety Options

Xtract One options, when correctly configured, deployed, and utilized, are designed to assist improve security and cut back threats. Given the big selection of potential threats in at this time’s world, no menace detection system is 100% efficient. Xtract One options must be utilized as one ingredient in a multilayered method to bodily safety.

For additional data, please contact:

Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com    
Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com
Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com

¹ Supplementary Monetary Measures:

The Firm makes use of particular supplementary monetary measures on this earnings launch to permit for a greater analysis of the working efficiency of the Firm’s enterprise and facilitates significant comparability of ends in the present interval with these in prior intervals and future intervals. Supplementary monetary measures do not need any standardized which means prescribed below IFRS and due to this fact might not be similar to measures introduced by different corporations. Supplementary monetary measures introduced on this earnings launch embrace ‘Agreements pending set up’ and ‘Complete contract worth of latest bookings.’ Agreements pending set up displays complete worth of signed contracts awarded to the Firm that has not been put in on the buyer website. ‘Complete contract worth of latest bookings’ is comprised of all new contracts signed and awarded to the Firm, whatever the efficiency obligations excellent as of the tip of the reporting interval. Complete contract worth is the combination worth of gross sales commitments from clients as on the finish of the reporting interval with out consideration of the Firm’s completion of the related efficiency obligations outlined in every contract.

CAUTIONARY DISCLAIMER STATEMENT:

This information launch incorporates forward-looking statements throughout the which means of relevant securities legal guidelines that aren’t historic info. Ahead-looking statements are sometimes recognized by phrases resembling “will”, “might”, “ought to”, “anticipates”, “expects”, “believes”, and related expressions or the damaging of those phrases or different comparable terminology. All statements aside from statements of historic reality, included on this launch are forward-looking statements that contain dangers and uncertainties. There will be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Essential components that might trigger precise outcomes to vary materially from the Firm’s expectations embrace however aren’t restricted to the dangers detailed occasionally within the steady disclosure filings made by the Firm with securities rules. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, because of quite a few recognized and unknown dangers, uncertainties, and different components, lots of that are past the management of the Firm. The reader is cautioned to not place undue reliance on any forward-looking data. Such data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will replace or revise publicly any of the included forward-looking statements solely as expressly required by relevant regulation.

No securities alternate or fee has reviewed or accepts duty for the adequacy or accuracy of this launch.

Unaudited Interim Statements of Loss and Complete Loss for the Three and 9 Months Ended April 30, 2025 and 2024

The next desk is extracted from the Firm’s unaudited condensed consolidated interim monetary statements and introduced in Canadian {dollars} to display the Statements of Loss and Complete loss for the three and 9 months ended April 30, 2025 and 2024:

Unaudited Interim Statements of Monetary Place as of April 30, 2025 and July 31, 2024

The next desk is extracted from the Firm’s unaudited condensed consolidated interim monetary statements and introduced in Canadian {dollars} to display the Firm’s monetary place as of April 30, 2025 and July 31, 2024:

Unaudited Interim Statements of Money Flows for the 9 Months Ended April 30, 2025 and 2024

The next desk is extracted from the Firm’s unaudited condensed consolidated interim monetary statements and introduced in Canadian {dollars} to display the Firm’s money flows for the 9 month intervals ended April 30, 2025 and 2024: