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GlobeNewswire·

Xtract One Announces Fiscal 2026 Fourth Quarter and Full Year Results

XTRAF
  • Xtract One Technologies reported record annual revenue of $28.8 million, a 108% increase year over year.
  • Net loss improved by $4.9 million, or 41%, to $6.8 million for the fiscal year ended July 31, 2026.
  • Adjusted EBITDA improved by $5.1 million, or 59%, from negative $8.6 million to negative $3.5 million.
  • The company ended the year with a cash balance of $17.3 million, including positive cash flow from operations in the fourth quarter.
  • Contractual backlog grew 66% year over year to $25.6 million, with $10.5 million expected to be recognized as revenue within the next twelve months.
  • Total contract value of new bookings was $32.2 million for the full year, down from $38.5 million in the prior year.
  • Operating expenses increased 13% to $24.0 million while revenue grew 108%, primarily due to higher selling and marketing costs.
  • Gross margin for the full year was 58%, down from 66%, reflecting higher initial production and installation costs for the Xtract One Gateway.
  • Fourth quarter revenue reached $8.2 million, up 144% year over year, driven by deployments of Xtract One Gateway.
  • Q4 Adjusted EBITDA improved by $2.0 million to negative $0.7 million, and the quarter generated $1.9 million in cash from operations.
  • The company held no debt at the end of fiscal 2026, with total assets rising to $36.7 million.
  • CEO Peter Evans stated the company proved its ability to scale, completing the first full year of commercial Gateway deployments across schools, hospitals, workplaces, and manufacturing sites.
  • Xtract One will host a conference call on October 22, 2026, at 10:00 am ET to discuss results, with CEO Peter Evans and CFO Karen Hersh presenting.