EL7.AI
StocksMedium•21 October 2026•
2 min read

Xtract One revenue reaches C$10.3 million in third quarter

Key Facts

1Fiscal third-quarter 2026 revenue was about C$10.3 million, up nearly 200% year-on-year.
2Backlog, including agreements awaiting installation, stood at C$45.1 million at the end of the fiscal third quarter.
3Gross margin in the third quarter of fiscal 2026 rose to 61% from 57% a year earlier.
4Adjusted earnings before interest, taxes, depreciation and amortization were C$0.6 million in the fiscal third quarter.

Xtract One reported revenue of C$10.3 million in the third quarter of fiscal 2026, up nearly 200% year-on-year, according to its quarterly earnings statement. Gross margin improved to 61% from 57% in the year-earlier period. Adjusted earnings before interest, taxes, depreciation and amortization were C$0.6 million. The company also generated positive operating cash flow before changes in working capital. The company said in its third-quarter statement that "our backlog, including agreements awaiting installation, stood at a strong C$45.1 million" at the end of the period.

The company's revenue was C$4.6 million in the three months ended October 31, 2025, the first quarter of its fiscal 2026, according to the earnings statement for that period. Revenue in the year-earlier period was C$3.6 million. In the second quarter, ended January 31, 2026, revenue rose to C$5.8 million from C$3.4 million a year earlier, according to the company's statement. This quarterly growth followed annual revenue of C$13.9 million in fiscal 2025. Annual revenue was C$16.4 million in fiscal 2024, according to the fiscal 2025 earnings statement.

On contracts, Xtract One announced in October 2026 that the Willis Independent School District in Texas had selected its systems under a contract worth about US$1 million. The contract covers the deployment of 15 systems across the district's schools and facilities, according to the company's announcement. In California, the company announced that deployment of its "SmartGateway" systems had begun at Hazel Hawkins Memorial Hospital in Hollister and Contra Costa Health in Martinez. At the time of the project announcement, it expected deployment to be completed by mid-August. The British Museum also announced that it had selected the company's system to protect all its entrances following testing and field evaluations, according to Xtract One's announcement. The company scheduled a webcast and conference call to discuss its annual results for October 22, 2026, at 10 a.m. U.S. Eastern Time. The chief executive officer and chief financial officer will participate in the call.