{"success":true,"data":{"pressRelease":{"id":"60714","rtpr_id":"nGNX3T1JbL","ticker":"XTRA","exchange":"TSX","all_tickers":["XTRA"],"title":"Xtract One Announces Fiscal 2026 Third Quarter Results","author":"Globe Newswire","published_at":"2026-06-10T21:20:01.929Z","article_body":"* Revenue of $10.3 million, up nearly 200% year-over-year\n* Adjusted EBITDA(1 )of $0.6 million and positive operating cash flow before\nworking capital\n* Gross margin of 61%, improved from 57% year-over-year\n* Solid total backlog of $45.1 million\nTORONTO, June 10, 2026 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX:\nXTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a\nleading technology-driven threat detection and security solution that\nprioritizes the patron access experience by leveraging AI, today announced its\nfiscal third quarter results for the three months ended April 30, 2026. All\ninformation is in Canadian dollars unless otherwise indicated.\n\n      “I am pleased to announce several milestones achieved during the\nthird quarter – keeping us on track for our best year ever,” stated Peter\nEvans, Chief Executive Officer of Xtract One. “Revenue almost tripled, to a\nrecord $10.3 million, as gross margins rose to 61 percent and the Company\nposted positive Adjusted EBITDA(1) for the first time ever – generating\noperating cash during the quarter prior to changes in working capital. This\nmeans that we are well on our way towards sustained cash-flow breakeven. At\nthe same time, our backlog, including agreements pending installation, was a\nsolid $45.1 million, as we continued to win new business while more rapidly\nconverting prior bookings into revenue – reflecting increased production to\nmeet higher demand. We are doing what we said we would do and are well on our\nway to profitability and cash-flow breakeven. I’m very proud of the way our\nteam has transformed the Company, managed operating expenses, and executed on\nour strategic growth plan. We look forward to continued growth and momentum in\nthe fourth quarter, and further expansion as we head into fiscal 2027.”\n\nThird Quarter Highlights\n* Revenue of $10.3 million for the three months ended April 30, 2026 versus\n$3.5 million in the prior-year period.\n\n\n* Gross margin of 61% for the fiscal 2026 third quarter compared to 57% in the\nprior-year period.\n\n\n* Total contract value of new bookings(1) was $9.1 million for the three\nmonths ended April 30, 2026 as compared to $4.6 million for the same period\nlast year.\n\n\n* Contractual backlog was $17.9 million at the end of the third quarter of\nfiscal 2026 as compared to $15.4 million in the prior-year period, excluding\nan additional $27.2 million of agreements pending installation versus\napproximately $21.1 million at the end of the third quarter of fiscal 2025.\n\n\n* Comprehensive loss of $0.3 million for the three month period ended April\n30, 2026 as compared to $3.3 million for the same period in fiscal 2025.\n\n\n* For the first time in the Company’s history, Adjusted EBITDA(1) of\npositive $0.6 million for the three months ended April 30, 2026 as compared to\nnegative $2.3 million in the prior-year period. \n\n\n* The Company ended the quarter with cash and equivalents of $15.6 million,\nvirtually unchanged from the end of the second quarter.\nFinancial Results for the Three Month Period Ended April 30, 2026\n\nConsolidated revenue was $10.3 million for the three months ended April 30,\n2026 as compared to $3.5 million for the same period last year, reflecting\nhigher shipments and deployments of the Company’s weapon detection\nsolutions. Gross profit was $6.2 million, or a gross profit margin of 61%, for\nthe three months ended April 30, 2026 versus $2.0 million, or a gross profit\nmargin of 57%, in the prior-year period, reflecting a recovery and gradual\nreturn to our historically higher gross margins as we move towards broader\ncommercial deployments of our Xtract One Gateway systems.\n\nComprehensive loss was $0.3 million for the three month period ended April 30,\n2026 as compared to $3.3 million for the same period in fiscal 2025,\nreflecting increased gross profit, partially offset by higher total operating\nexpenses incurred to support a growing revenue base.\n\nThis press release should be read in conjunction with the Company’s\nUnaudited Condensed Consolidated Interim Financial Statements, prepared in\naccordance with International Financial Reporting Standards (“IFRS”) and\nthe Company’s Management’s Discussion and Analysis for the three and nine\nmonth periods ended April 30, 2026 and 2025, which can be found on the\nCompany’s website and under the Company’s profile on SEDAR+ at\nwww.sedarplus.ca.\n\nConference Call Details\n\nXtract One will host a conference call to discuss its results tomorrow, June\n11, 2026 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen\nHersh, CFO and Corporate Secretary, will provide an overview of the financial\nresults along with management’s outlook for the business, followed by a\nquestion-and-answer period.\n\nThe webcast and presentation will be accessible on the company’s website.\nThe webcast can be accessed here\n(https://www.globenewswire.com/Tracker?data=LBEiYM4lC0GXgTCRAnx6JXkXw1Q0qvLz3einNQtNQ5ape1edh4Wg08JMlwzA2KMShTRldgmS-QnlA_o6bgrZxjV8QEfzw5KYzYBf6uJkCkLyHxAjf7X0XICt-1SUXzK_WIkLIsDlOHEGzGVIrHVCmg==)\nand the telephone number for the conference call is 844-481-3016 (412-317-1881\nfor international callers).\n\nAbout Xtract One Technologies\n\nXtract One Technologies\n(https://www.globenewswire.com/Tracker?data=c3moyNeuIon1kPRUcRQGhxGmuNC5UrstlebZWdkRCIuWx5S7dyFthuTVsqQo9w5we_I7MzkJDbkF0_hvWlRTr-XJxT3QBbx4hqcUf_iFcM0=)\nis a leading technology-driven threat detection and security solution\nleveraging AI to provide seamless and secure patron access control\nexperiences. The Company makes unobtrusive weapons and threat detection\nsystems that are designed to assist facility operators in prioritizing- and\ndelivering improved “Walk-right-In” experiences while enhancing safety.\nXtract One's innovative portfolio of AI-powered Gateway solutions excels at\nallowing facilities to discreetly screen and identify weapons and other\nthreats at points of entry and exit without disrupting the flow of traffic.\nWith solutions built to serve the unique market needs for schools, hospitals,\narenas, stadiums, manufacturing, distribution, and other customers, Xtract One\nis recognized as a market leader delivering the highest security in\ncombination with the best individual experience. For more information, visit\nwww.xtractone.com or connect on Facebook\n(https://www.globenewswire.com/Tracker?data=xSP3qYInXm4HAW73i4iO1sb-e6B2JChEyor3jAB7CwDctYvvPjiUiQUhtNiY6IMZj9eo14WEEjRIH81yE9Q16Gl0hdt3-1m63TBf_6oAm7s=),\nX\n(https://www.globenewswire.com/Tracker?data=p7gWU_IJZY04x6pHcdE9tZT0OHl5HuhDjwn4d6Xwbig7YvOzWraJAK1b6avgpcQsdr3ItF8eO0Uijh9Py7BC9De-y8JmVEU9aASHtvpmuRoMpyLf7Wbt4oO6XB87Cd3cpl-y3p7u1xYd20PRORR2RA==),\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=7mdRwnpTWEjuGjhUWEboagz5WptHitG6Uv1b7d6U_HYpSqRtG_3iW8MwzOlmDv5g00aqOY2dPImE6kjR56XnG7j0q3SkOeomi-25NHHKe-I=). \n\nAbout Threat Detection and Security Solutions\n\nXtract One solutions, when properly configured, deployed, and utilized, are\ndesigned to help enhance safety and reduce threats. Given the wide range of\npotential threats in today's world, no threat detection system is 100%\neffective. Xtract One solutions should be utilized as one element in a\nmultilayered approach to physical security.\n\nFor further information, please contact:\n\nXtract One Inquiries: info@xtractone.com, http://www.xtractone.com     \nMedia Contact: Kristen Aikey, JMG Public Relations, 212-206-1645,\nkristen@jmgpr.com\nInvestor Relations: Chris Witty, Darrow Associates, 646-438-9385,\ncwitty@darrowir.com\n\n(1 )Supplementary Financial Measures:\n\nThe Company utilizes specific supplementary financial measures in this\nearnings release to allow for a better evaluation of the operating performance\nof the Company’s business and facilitates meaningful comparison of results\nin the current period with those in prior periods and future periods.\nSupplementary financial measures do not have any standardized meaning\nprescribed under IFRS and therefore may not be comparable to measures\npresented by other companies. Supplementary financial measures presented in\nthis earnings release include ‘Agreements pending installation’, ‘Total\ncontract value of new bookings’ and ‘Adjusted EBITDA’. Agreements\npending installation reflects total value of signed contracts awarded to the\nCompany that has not been installed at the customer site. ‘Total contract\nvalue of new bookings’ is comprised of all new contracts signed and awarded\nto the Company, regardless of the performance obligations outstanding as of\nthe end of the reporting period. Total contract value is the aggregate value\nof sales commitments from customers as at the end of the reporting period\nwithout consideration of the Company’s completion of the associated\nperformance obligations outlined in each contract. Adjusted EBITDA is net loss\nfor the period before interest, taxes, depreciation, and amortization and\nfurther adjusted for share-based compensation.\n\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s)\n\n\n\nCAUTIONARY DISCLAIMER STATEMENT:\n\nThis news release contains forward-looking statements within the meaning of\napplicable securities laws that are not historical facts. Forward-looking\nstatements are often identified by terms such as “will”, “may”,\n“should”, “anticipates”, “expects”, “believes”, and similar\nexpressions or the negative of these words or other comparable terminology.\nAll statements other than statements of historical fact, included in this\nrelease are forward-looking statements that involve risks and uncertainties.\nThere can be no assurance that such statements will prove to be accurate and\nactual results and future events could differ materially from those\nanticipated in such statements. Important factors that could cause actual\nresults to differ materially from the Company’s expectations include but are\nnot limited to the risks detailed from time to time in the continuous\ndisclosure filings made by the Company with securities regulations. The reader\nis cautioned that assumptions used in the preparation of any forward-looking\ninformation may prove to be incorrect. Events or circumstances may cause\nactual results to differ materially from those predicted, as a result of\nnumerous known and unknown risks, uncertainties, and other factors, many of\nwhich are beyond the control of the Company. The reader is cautioned not to\nplace undue reliance on any forward-looking information. Such information,\nalthough considered reasonable by management at the time of preparation, may\nprove to be incorrect and actual results may differ materially from those\nanticipated. Forward-looking statements contained in this news release are\nexpressly qualified by this cautionary statement. The forward-looking\nstatements contained in this news release are made as of the date of this news\nrelease and the Company will update or revise publicly any of the included\nforward-looking statements only as expressly required by applicable law.\n\nNo securities exchange or commission has reviewed or accepts responsibility\nfor the adequacy or accuracy of this release.\n\nUnaudited Interim Statements of Loss and Comprehensive Loss for the Three and\nNine Months Ended April 30, 2026 and 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Statements of Loss and Comprehensive loss for the three and\nnine month periods ended April 30, 2026 and 2025:\n\n\n\nUnaudited Interim Statements of Financial Position as of April 30, 2026 and\nJuly 31, 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Company’s financial position as of April 30, 2026 and July\n31, 2025:\n\n\n\nUnaudited Interim Statements of Cash Flows for the Nine Months Ended April 30,\n2026 and 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Company’s cash flows for the nine month periods ended April\n30, 2026 and 2025:\n\n\n\nA photo accompanying this announcement is available at\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e6055d5d-c59c-4150-a8c1-9cd49b0af915\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/ccbbe2c6-8601-492a-938d-88ed1e6e34ef\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/fa6aa5aa-d8bc-4371-a139-5369e76f0517\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/2efb934e-3ea0-4acc-9318-5e18cc946c9c\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bf7fb1ad-3338-4238-9d5f-7145509090ab)\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s) \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e6055d5d-c59c-4150-a8c1-9cd49b0af915/en)\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s)Unaudited Interim Statements of Loss and\nComprehensive Loss for the Three and Nine Months Ended April 30, 2026 and 2025\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ccbbe2c6-8601-492a-938d-88ed1e6e34ef/en)\nUnaudited Interim Statements of Loss and Comprehensive Loss for the Three and\nNine Months Ended April 30, 2026 and 2025 Unaudited Interim Statements of\nFinancial Position as of April 30, 2026 and July 31, 2025 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fa6aa5aa-d8bc-4371-a139-5369e76f0517/en)\nUnaudited Interim Statements of Financial Position as of April 30, 2026 and\nJuly 31, 2025Unaudited Interim Statements of Cash Flows for the Nine Months\nEnded April 30, 2026 and 2025 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2efb934e-3ea0-4acc-9318-5e18cc946c9c/en)\nUnaudited Interim Statements of Cash Flows for the Nine Months Ended April 30,\n2026 and 2025\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3T1JbL","title":"Xtract One Announces Fiscal 2026 Third Quarter Results","author":"Globe Newswire","ticker":"XTRA","created":"2026-06-10T21:20:01.929Z","tickers":["XTRA"],"exchange":"TSX","article_body":"* Revenue of $10.3 million, up nearly 200% year-over-year\n* Adjusted EBITDA(1 )of $0.6 million and positive operating cash flow before\nworking capital\n* Gross margin of 61%, improved from 57% year-over-year\n* Solid total backlog of $45.1 million\nTORONTO, June 10, 2026 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX:\nXTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a\nleading technology-driven threat detection and security solution that\nprioritizes the patron access experience by leveraging AI, today announced its\nfiscal third quarter results for the three months ended April 30, 2026. All\ninformation is in Canadian dollars unless otherwise indicated.\n\n      “I am pleased to announce several milestones achieved during the\nthird quarter – keeping us on track for our best year ever,” stated Peter\nEvans, Chief Executive Officer of Xtract One. “Revenue almost tripled, to a\nrecord $10.3 million, as gross margins rose to 61 percent and the Company\nposted positive Adjusted EBITDA(1) for the first time ever – generating\noperating cash during the quarter prior to changes in working capital. This\nmeans that we are well on our way towards sustained cash-flow breakeven. At\nthe same time, our backlog, including agreements pending installation, was a\nsolid $45.1 million, as we continued to win new business while more rapidly\nconverting prior bookings into revenue – reflecting increased production to\nmeet higher demand. We are doing what we said we would do and are well on our\nway to profitability and cash-flow breakeven. I’m very proud of the way our\nteam has transformed the Company, managed operating expenses, and executed on\nour strategic growth plan. We look forward to continued growth and momentum in\nthe fourth quarter, and further expansion as we head into fiscal 2027.”\n\nThird Quarter Highlights\n* Revenue of $10.3 million for the three months ended April 30, 2026 versus\n$3.5 million in the prior-year period.\n\n\n* Gross margin of 61% for the fiscal 2026 third quarter compared to 57% in the\nprior-year period.\n\n\n* Total contract value of new bookings(1) was $9.1 million for the three\nmonths ended April 30, 2026 as compared to $4.6 million for the same period\nlast year.\n\n\n* Contractual backlog was $17.9 million at the end of the third quarter of\nfiscal 2026 as compared to $15.4 million in the prior-year period, excluding\nan additional $27.2 million of agreements pending installation versus\napproximately $21.1 million at the end of the third quarter of fiscal 2025.\n\n\n* Comprehensive loss of $0.3 million for the three month period ended April\n30, 2026 as compared to $3.3 million for the same period in fiscal 2025.\n\n\n* For the first time in the Company’s history, Adjusted EBITDA(1) of\npositive $0.6 million for the three months ended April 30, 2026 as compared to\nnegative $2.3 million in the prior-year period. \n\n\n* The Company ended the quarter with cash and equivalents of $15.6 million,\nvirtually unchanged from the end of the second quarter.\nFinancial Results for the Three Month Period Ended April 30, 2026\n\nConsolidated revenue was $10.3 million for the three months ended April 30,\n2026 as compared to $3.5 million for the same period last year, reflecting\nhigher shipments and deployments of the Company’s weapon detection\nsolutions. Gross profit was $6.2 million, or a gross profit margin of 61%, for\nthe three months ended April 30, 2026 versus $2.0 million, or a gross profit\nmargin of 57%, in the prior-year period, reflecting a recovery and gradual\nreturn to our historically higher gross margins as we move towards broader\ncommercial deployments of our Xtract One Gateway systems.\n\nComprehensive loss was $0.3 million for the three month period ended April 30,\n2026 as compared to $3.3 million for the same period in fiscal 2025,\nreflecting increased gross profit, partially offset by higher total operating\nexpenses incurred to support a growing revenue base.\n\nThis press release should be read in conjunction with the Company’s\nUnaudited Condensed Consolidated Interim Financial Statements, prepared in\naccordance with International Financial Reporting Standards (“IFRS”) and\nthe Company’s Management’s Discussion and Analysis for the three and nine\nmonth periods ended April 30, 2026 and 2025, which can be found on the\nCompany’s website and under the Company’s profile on SEDAR+ at\nwww.sedarplus.ca.\n\nConference Call Details\n\nXtract One will host a conference call to discuss its results tomorrow, June\n11, 2026 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen\nHersh, CFO and Corporate Secretary, will provide an overview of the financial\nresults along with management’s outlook for the business, followed by a\nquestion-and-answer period.\n\nThe webcast and presentation will be accessible on the company’s website.\nThe webcast can be accessed here\n(https://www.globenewswire.com/Tracker?data=LBEiYM4lC0GXgTCRAnx6JXkXw1Q0qvLz3einNQtNQ5ape1edh4Wg08JMlwzA2KMShTRldgmS-QnlA_o6bgrZxjV8QEfzw5KYzYBf6uJkCkLyHxAjf7X0XICt-1SUXzK_WIkLIsDlOHEGzGVIrHVCmg==)\nand the telephone number for the conference call is 844-481-3016 (412-317-1881\nfor international callers).\n\nAbout Xtract One Technologies\n\nXtract One Technologies\n(https://www.globenewswire.com/Tracker?data=c3moyNeuIon1kPRUcRQGhxGmuNC5UrstlebZWdkRCIuWx5S7dyFthuTVsqQo9w5we_I7MzkJDbkF0_hvWlRTr-XJxT3QBbx4hqcUf_iFcM0=)\nis a leading technology-driven threat detection and security solution\nleveraging AI to provide seamless and secure patron access control\nexperiences. The Company makes unobtrusive weapons and threat detection\nsystems that are designed to assist facility operators in prioritizing- and\ndelivering improved “Walk-right-In” experiences while enhancing safety.\nXtract One's innovative portfolio of AI-powered Gateway solutions excels at\nallowing facilities to discreetly screen and identify weapons and other\nthreats at points of entry and exit without disrupting the flow of traffic.\nWith solutions built to serve the unique market needs for schools, hospitals,\narenas, stadiums, manufacturing, distribution, and other customers, Xtract One\nis recognized as a market leader delivering the highest security in\ncombination with the best individual experience. For more information, visit\nwww.xtractone.com or connect on Facebook\n(https://www.globenewswire.com/Tracker?data=xSP3qYInXm4HAW73i4iO1sb-e6B2JChEyor3jAB7CwDctYvvPjiUiQUhtNiY6IMZj9eo14WEEjRIH81yE9Q16Gl0hdt3-1m63TBf_6oAm7s=),\nX\n(https://www.globenewswire.com/Tracker?data=p7gWU_IJZY04x6pHcdE9tZT0OHl5HuhDjwn4d6Xwbig7YvOzWraJAK1b6avgpcQsdr3ItF8eO0Uijh9Py7BC9De-y8JmVEU9aASHtvpmuRoMpyLf7Wbt4oO6XB87Cd3cpl-y3p7u1xYd20PRORR2RA==),\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=7mdRwnpTWEjuGjhUWEboagz5WptHitG6Uv1b7d6U_HYpSqRtG_3iW8MwzOlmDv5g00aqOY2dPImE6kjR56XnG7j0q3SkOeomi-25NHHKe-I=). \n\nAbout Threat Detection and Security Solutions\n\nXtract One solutions, when properly configured, deployed, and utilized, are\ndesigned to help enhance safety and reduce threats. Given the wide range of\npotential threats in today's world, no threat detection system is 100%\neffective. Xtract One solutions should be utilized as one element in a\nmultilayered approach to physical security.\n\nFor further information, please contact:\n\nXtract One Inquiries: info@xtractone.com, http://www.xtractone.com     \nMedia Contact: Kristen Aikey, JMG Public Relations, 212-206-1645,\nkristen@jmgpr.com\nInvestor Relations: Chris Witty, Darrow Associates, 646-438-9385,\ncwitty@darrowir.com\n\n(1 )Supplementary Financial Measures:\n\nThe Company utilizes specific supplementary financial measures in this\nearnings release to allow for a better evaluation of the operating performance\nof the Company’s business and facilitates meaningful comparison of results\nin the current period with those in prior periods and future periods.\nSupplementary financial measures do not have any standardized meaning\nprescribed under IFRS and therefore may not be comparable to measures\npresented by other companies. Supplementary financial measures presented in\nthis earnings release include ‘Agreements pending installation’, ‘Total\ncontract value of new bookings’ and ‘Adjusted EBITDA’. Agreements\npending installation reflects total value of signed contracts awarded to the\nCompany that has not been installed at the customer site. ‘Total contract\nvalue of new bookings’ is comprised of all new contracts signed and awarded\nto the Company, regardless of the performance obligations outstanding as of\nthe end of the reporting period. Total contract value is the aggregate value\nof sales commitments from customers as at the end of the reporting period\nwithout consideration of the Company’s completion of the associated\nperformance obligations outlined in each contract. Adjusted EBITDA is net loss\nfor the period before interest, taxes, depreciation, and amortization and\nfurther adjusted for share-based compensation.\n\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s)\n\n\n\nCAUTIONARY DISCLAIMER STATEMENT:\n\nThis news release contains forward-looking statements within the meaning of\napplicable securities laws that are not historical facts. Forward-looking\nstatements are often identified by terms such as “will”, “may”,\n“should”, “anticipates”, “expects”, “believes”, and similar\nexpressions or the negative of these words or other comparable terminology.\nAll statements other than statements of historical fact, included in this\nrelease are forward-looking statements that involve risks and uncertainties.\nThere can be no assurance that such statements will prove to be accurate and\nactual results and future events could differ materially from those\nanticipated in such statements. Important factors that could cause actual\nresults to differ materially from the Company’s expectations include but are\nnot limited to the risks detailed from time to time in the continuous\ndisclosure filings made by the Company with securities regulations. The reader\nis cautioned that assumptions used in the preparation of any forward-looking\ninformation may prove to be incorrect. Events or circumstances may cause\nactual results to differ materially from those predicted, as a result of\nnumerous known and unknown risks, uncertainties, and other factors, many of\nwhich are beyond the control of the Company. The reader is cautioned not to\nplace undue reliance on any forward-looking information. Such information,\nalthough considered reasonable by management at the time of preparation, may\nprove to be incorrect and actual results may differ materially from those\nanticipated. Forward-looking statements contained in this news release are\nexpressly qualified by this cautionary statement. The forward-looking\nstatements contained in this news release are made as of the date of this news\nrelease and the Company will update or revise publicly any of the included\nforward-looking statements only as expressly required by applicable law.\n\nNo securities exchange or commission has reviewed or accepts responsibility\nfor the adequacy or accuracy of this release.\n\nUnaudited Interim Statements of Loss and Comprehensive Loss for the Three and\nNine Months Ended April 30, 2026 and 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Statements of Loss and Comprehensive loss for the three and\nnine month periods ended April 30, 2026 and 2025:\n\n\n\nUnaudited Interim Statements of Financial Position as of April 30, 2026 and\nJuly 31, 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Company’s financial position as of April 30, 2026 and July\n31, 2025:\n\n\n\nUnaudited Interim Statements of Cash Flows for the Nine Months Ended April 30,\n2026 and 2025\n\nThe following table is extracted from the Company’s unaudited condensed\nconsolidated interim financial statements and presented in Canadian dollars to\ndemonstrate the Company’s cash flows for the nine month periods ended April\n30, 2026 and 2025:\n\n\n\nA photo accompanying this announcement is available at\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e6055d5d-c59c-4150-a8c1-9cd49b0af915\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/ccbbe2c6-8601-492a-938d-88ed1e6e34ef\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/fa6aa5aa-d8bc-4371-a139-5369e76f0517\n\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/2efb934e-3ea0-4acc-9318-5e18cc946c9c\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bf7fb1ad-3338-4238-9d5f-7145509090ab)\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s) \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e6055d5d-c59c-4150-a8c1-9cd49b0af915/en)\nThe following table provides a reconciliation from net loss for the period to\nAdjusted EBITDA (in $000s)Unaudited Interim Statements of Loss and\nComprehensive Loss for the Three and Nine Months Ended April 30, 2026 and 2025\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ccbbe2c6-8601-492a-938d-88ed1e6e34ef/en)\nUnaudited Interim Statements of Loss and Comprehensive Loss for the Three and\nNine Months Ended April 30, 2026 and 2025 Unaudited Interim Statements of\nFinancial Position as of April 30, 2026 and July 31, 2025 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fa6aa5aa-d8bc-4371-a139-5369e76f0517/en)\nUnaudited Interim Statements of Financial Position as of April 30, 2026 and\nJuly 31, 2025Unaudited Interim Statements of Cash Flows for the Nine Months\nEnded April 30, 2026 and 2025 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2efb934e-3ea0-4acc-9318-5e18cc946c9c/en)\nUnaudited Interim Statements of Cash Flows for the Nine Months Ended April 30,\n2026 and 2025\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-10T21:20:01.985874621Z","server_sent_at_ms":1781126401985},"received_at":"2026-06-10T21:20:02.173Z","source_url":null},"analysis":{"id":"50139","press_release_id":"60714","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"earnings","narrative":"Xtract One reported Q3 FY2026 revenue of $10.3 million, up nearly 200% year-over-year from $3.5 million, driven by higher shipments of its AI-powered weapon detection systems.\n\nThe company achieved positive Adjusted EBITDA of $0.6 million for the first time in its history, alongside a gross margin expansion to 61% from 57% in the prior year.\n\nTotal backlog stood at $45.1 million, including $17.9 million in contractual backlog and $27.2 million in agreements pending installation, supporting management's outlook for sustained growth toward cash-flow breakeven.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"First-ever positive Adjusted EBITDA and near-tripling revenue mark a major profitability inflection for Xtract One."},"keyFigures":{"revenue":10300000,"guidance":"Management expects continued growth and momentum in Q4 and fiscal 207; no specific numerical guidance provided.","revenueYoy":"nearly 200%","customDimensions":{"gross_margin":"61%","new_bookings":9100000,"total_backlog":45100000,"cash_and_equivalents":15600000}},"quotedText":"Revenue almost tripled, to a record $10.3 million, as gross margins rose to 61 percent and the Company posted positive Adjusted EBITDA for the first time ever","namedEntities":{"people":[{"name":"Peter Evans","role":"CEO"},{"name":"Karen Hersh","role":"CFO"}],"products":["Xtract One Gateway"],"companies":[{"name":"Xtract One Technologies Inc.","ticker":"XTRA"}],"dollarAmounts":[{"amount":"$10.3 million","context":"Q3 FY2026 revenue"},{"amount":"$3.5 million","context":"Q3 FY2025 revenue"},{"amount":"$0.6 million","context":"Q3 FY2026 Adjusted EBITDA"},{"amount":"$45.1 million","context":"Total backlog"},{"amount":"$9.1 million","context":"New bookings Q3 FY2026"},{"amount":"$17.9 million","context":"Contractual backlog"},{"amount":"$27.2 million","context":"Agreements pending installation"},{"amount":"$0.3 million","context":"Comprehensive loss Q3 FY2026"},{"amount":"$15.6 million","context":"Cash and equivalents"}]},"materialImpact":{"score":4,"reasoning":"Revenue nearly tripled YoY ($10.3M vs $3.5M) and the company achieved positive Adjusted EBITDA for the first time in its history, signaling a critical inflection point toward profitability. 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