Canada's Xtract One Q2 revenue rises
Overview
Canada threat detection firm's fiscal Q2 revenue rose
Gross margin decreased to 54% from 70%
Company raised C$11.5 mln through public offering for growth acceleration
Outlook
Company expects solid top-line growth in the second half of fiscal 2026
Result Drivers
REVENUE GROWTH - Revenue increased yr/yr to C$5.8 mln, driven by higher deployments of weapon detection solutions
GROSS MARGIN DECLINE - Gross margin fell to 54% from 70% due to initial production and deployment costs of Xtract One Gateway
FUNDRAISING - Co raised C$11.5 mln through public offering to support growth acceleration
Company press release: ID:nGNXb76sZ4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| C$5.8 mln |
|
Q2 EPS |
| -C$0.01 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Xtract One Technologies Inc. is C$1.08, about 102.8% above its March 3 closing price of C$0.53
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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