Xtract One Announces Fiscal 2025 Fourth Quarter and Full Year Results

Executive Summary

• Xtract One Technologies reported FY 2025 revenue of C$13.9 M (down 15% YoY) and a comprehensive loss of C$11.5 M, but highlighted a record contractual backlog of ~$50 M and new bookings of $38.0 M (+28% YoY).
• Gross margin improved to 66% for the year and 71% in Q4, while operating expenses fell slightly to C$21.1 M, indicating better cost efficiency despite lower sales.
• The company announced a conference call on Oct 24, 2025 to discuss results and outlook for FY 2026, which management expects to be its “best year ever.”

Key Details

• Annual Revenue: C$13,853,553 vs. C$16,358,007 in 2024.
• Gross Margin (FY): 66% (up from 63%).
• Operating Expenses (FY): C$21,136,222 vs. C$21,608,192 in 2024.
• Total Contract Value of New Bookings (FY): C$38.0 M (+28% YoY).
• Contractual Backlog (end FY): C$15.5 M (excluding $34.2 M agreements pending installation).
• Comprehensive Loss (FY): C$11,523,478 vs. C$11,064,855 in 2024.
• Q4 Revenue: C$3.3 M vs. C$5.6 M prior year quarter.
• Q4 Gross Margin: 71% (up from 65%).
• Q4 Total New Bookings: C$16.1 M (record, up from C$5.6 M).
• Q4 Comprehensive Loss: C$3.5 M vs. C$2.4 M prior year quarter.

Operational Highlights

• Signed contracts with nine new customers for the Xtract One Gateway totaling >C$13.1 M across education, healthcare, and manufacturing sectors.
• Began commercial deployment of the Gateway after fiscal year‑end; early customer feedback described as “extremely positive.”

Balance Sheet (as of July 31, 2025)

• Cash & Cash Equivalents: C$8.22 M (down from C$8.63 M).
• Total Assets: C$23.41 B vs. C$24.94 B in 2024.
• Shareholders’ Equity: C$10.69 M (down from C$13.97 M).

Cash Flow Highlights

• Net cash used in operating activities: –C$6.54 M (improvement vs. –C$8.14 M prior year).
• Net proceeds from share capital issuance: C$7.19 M.

Notable Quotes

“We ended the year with a record backlog owing to several complex, larger deals… The future for our Company looks bright, and we are on track for fiscal 2026 to be our best year ever.” – Peter Evans, CEO

The release includes detailed financial tables, supplemental measures definitions, and forward‑looking disclaimer language (removed per instructions).