Mining & Metals
Xtract One Technologies Q3 Comprehensive Loss Narrows
Xtract One Technologies (XTRA.TO) reported a narrowed loss in the third quarter as revenue increased year-over-year.For the three months ended April 30, 2026, the company reported comprehensive loss of $0.3 million or $0.001 basic and diluted loss per share, compared with $3.3 million or $0.02 loss per share, a year earlier. The narrowed loss reflects increased gross profit, partially offset by higher total operating expenses incurred to support a growing revenue base, the company said.Revenue increased to $10.3 million in the quarter, compared with $3.5 million, a year-ago, due to higher shipments and deployments of its weapon detection solutions, it said."We are doing what we said we would do and are well on our way to profitability and cash-flow breakeven," said Xtract One Chief Executive Peter Evans. "We look forward to continued growth and momentum in the fourth quarter, and further expansion as we head into fiscal 2027."Contractual backlog was $17.9 million at the end of Q3, compared with $15.4 million in the prior-year period, excluding an additional $27.2 million of agreements pending installation versus about $21.1 million at the end of Q3 of fiscal 2025.Shares of the company closed up 1.8% to $0.56 on Wednesday on the Toronto Stock Exchange.
$XTRA.TO
