Business · Companies · 5 hrs ago
Xtract One reports 108% revenue growth in fiscal 2026
Xtract One Technologies reported its fiscal 2026 results for the year ended July 31, 2026.
The Toronto-based company sells AI-powered threat detection and security technology designed to make entry easier for patrons.
Its annual revenue more than doubled to C$28.8 million, a 108% rise from the previous year.
The company also said its net loss narrowed by C$4.9 million, or 41%, while adjusted EBITDA improved by C$5.1 million, or 59%.
Its contractual backlog grew 66% to C$25.6 million, indicating more work under contract than a year earlier.
Xtract One ended the year with C$17.3 million in cash and reported positive cash flow from operations in the fourth quarter.
The announcement gives no further details about the company’s plans or what happens next.
Xtract One reported fiscal 2026 revenue of $28.8 million, up 108% year over year.
The company announced results for the year and fourth quarter ended July 31, 2026.
Its net loss improved by $4.9 million, or 41%, year over year.
Adjusted EBITDA improved by $5.1 million, or 59%, year over year.
Xtract One reported a cash balance of $17.3 million and positive operating cash flow in the fourth quarter.
Contractual backlog rose 66% year over year to $25.6 million.
- Who
- Xtract One Technologies Inc.
- What
- The company reported fiscal 2026 fourth-quarter and full-year results, including revenue growth of 108% to $28.8 million.
- When
- The results were announced on October 21, 2026. The fiscal year ended July 31, 2026.
- Where
- The announcement was made from Toronto.
- Why
- Not stated
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- Fiscal 2026 revenue
- $28.8 million, up 108% year over year
- Net loss improvement
- $4.9 million, or 41% year over year
- Adjusted EBITDA improvement
- $5.1 million, or 59% year over year
- Cash balance
- $17.3 million
- Contractual backlog
- $25.6 million, up 66% year over year
What people are saying
Fiscal 2026 was the year Xtract One proved it could scale