Xtract One Announces Fiscal 2026 Fourth Quarter and Full Year Results
Key Highlights
- ➤Annual revenue $28.8 million, up 108% year over year
- ➤Adjusted EBITDA loss improved $5.1 million, to negative $3.5 million
- ➤Contractual backlog rose 66% to $25.6 million
- ➤Fourth-quarter revenue $8.2 million, up 144% year over year
- ➤Fourth-quarter operating cash flow reached positive $1.9 million
Expert Statements
Peter Evans, Chief Executive Officer of Xtract One
“Fiscal 2026 was the year Xtract One proved it could scale”
Peter Evans, Chief Executive Officer of Xtract One
“Revenue more than doubled to $28.8 million and we completed the first full year of Xtract One Gateway commercial deployments across schools, hospitals, workplaces and manufacturing sites.”
Peter Evans, Chief Executive Officer of Xtract One
“We did it while holding operating expense growth to 13%, which improved Adjusted EBITDA¹ by $5.1 million and allowed us to generate cash from operations in the fourth quarter.”
Peter Evans, Chief Executive Officer of Xtract One
“The second half of the year was very close to breakeven on Adjusted EBITDA¹ given a record breaking second half of the year with $18.5 million in revenue compared to $6.8 million in the prior year.”
Peter Evans, Chief Executive Officer of Xtract One
“With our contractual backlog growing by 66%, we enter fiscal 2027 with a growing recurring revenue base, a balance sheet that funds our plan and two proven, complementary products backed by the installation capacity and customer references to turn an expanding pipeline, including Fortune 100 organizations, into continued momentum.”
* Record annual revenue of $28.8 million, up 108% year over year * Net loss improved by $4.9 million, or 41% year over year * Adjusted EBITDA(1) improved by $5.1 million or 59% year over year * Cash balance of $17.3 million, with positive cash flow from operations in the fourth quarter * Contractual backlog up 66% to $25.6 million year over year TORONTO, Oct. 21, 2026 (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 its fiscal fourth quarter and annual results for the three months and year ended July 31, 2026. All information is in Canadian dollars unless otherwise indicated.
"Fiscal 2026 was the year Xtract One proved it could scale," said Peter Evans, Chief Executive Officer of Xtract One. "Revenue more than doubled to $28.8 million and we completed the first full year of Xtract One Gateway commercial deployments across schools, hospitals, workplaces and manufacturing sites. We did it while holding operating expense growth to 13%, which improved Adjusted EBITDA¹ by $5.1 million and allowed us to generate cash from operations in the fourth quarter. The second half of the year was very close to breakeven on Adjusted EBITDA¹ given a record breaking second half of the year with $18.5 million in revenue compared to $6.8 million in the prior year.
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