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GlobeNewswire·

Xtract One Announces Fiscal 2026 Third Quarter Results

  • Xtract One Technologies reported fiscal third quarter revenue of $10.3 million for the period ended April 30, 2026, representing a nearly 200% increase year-over-year.
  • The company achieved its first-ever positive Adjusted EBITDA of $0.6 million & posted positive operating cash flow before working capital changes.
  • Gross margin improved to 61% for the quarter, up from 57% in the prior-year period.
  • Total backlog reached $45.1 million, comprising $17.9 million in contractual backlog & $27.2 million in agreements pending installation.
  • New bookings totaled $9.1 million in the quarter, compared to $4.6 million in the same period last year.
  • Comprehensive loss narrowed to $0.3 million for the three months ended April 30, 2026, down from $3.3 million in the prior-year period.
  • The company ended the quarter with $15.6 million in cash & equivalents, remaining virtually unchanged from the previous quarter.
  • A conference call to discuss results is scheduled for June 11, 2026, at 10:00 am EST featuring CEO Peter Evans & CFO Karen Hersh.