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TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced fiscal first quarter results for the three months ended October 31, 2024. All information is in Canadian dollars unless otherwise indicated. First Quarter Highlights Quarterly revenue of $3.6 million for the three months ended October 31, 2024 versus $3.1 million in the prior-year period. Gross margin of 64% for the first quarter of fiscal 2025 versus 67% in the prior year period. Total contract value of new bookings 1 was $4.2 million for the three months ending October 31, 2024 as compared to $9.6 million for the same period last year. The total contract value of new bookings in the prior-year period also included $5 million from a large global entertainment organization. Contractual backlog was $14.0 million at the end of the first quarter as compared to $9.5 million in the prior-year period, excluding an additional $12.9 million of agreements pending installation 1 versus approximately $10.6 million at the end of the first quarter of fiscal 2024. “As expected, first quarter revenue, while up year-over-year, was a little lighter in new bookings than recent periods reflecting order timing, as we focused on bringing Xtract One Gateway to market and actively engaged in business development initiatives to build our pipeline for the remainder of fiscal 2025,” stated Peter Evans, Chief Executive Officer of Xtract One. “We continue to win customers outside of our core sports and live entertainment markets, welcoming new clients in the Education, Healthcare, and Manufacturing sectors, which made up 67% of the total contract value of new bookings this quarter. Demand remains strong as evidenced by our growing sales pipeline, and we’ve been pleased with the initial response of our newly announced Xtract One Gateway, particularly in high-traffic facilities like schools, convention centers, and commercial properties where we offer a highly differentiated solution. We expect to see revenue accelerate as the year progresses and continue to make progress on our path to profitability.” Financial Results for the Three Month Period Ended October 31, 2024 Consolidated revenue was $3.6 million for the three months ended October 31, 2024 as compared to $3.1 million for the same period last year, reflecting new business contract wins and a greater number of installations. Gross profit was $2.3 million, or a margin of 64%, in the fiscal 2025 first quarter versus $2.1 million, or 67% of sales, in the prior-year period. Comprehensive loss was $2.7 million for the three month period ended October 31, 2024 as compared to $2.7 million for the same period in fiscal 2024. This reflects higher revenue and gross profit, largely offset by an increase in operating expenses. This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s Management’s Discussion and Analysis for the three month periods ended October 31, 2024 and 2023, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca . Conference Call Details Xtract One will host a conference call to discuss its results tomorrow, December 6, 2024 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period. The webcast and presentation will be accessible on the company’s website. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers). About Xtract One Technologies Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable facility building operators to prioritize and deliver “Walk-right-In” experiences while providing unprecedented safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook , Twitter , and LinkedIn . For further information, please contact: Xtract One Inquiries: info@xtractone.com , http://www.xtractone.com Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com 1 Supplementary Financial Measures: The Company utilizes specific supplementary financial measures in this earnings release to allow for a better evaluation of the operating performance of the Company’s business and facilitates meaningful comparison of results in the current period with those in prior periods and future periods. Supplementary financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to measures presented by other companies. Supplementary financial measures presented in this earnings release include ‘Agreements pending installation’ and ‘Total contract value of new bookings.’ Agreements pending installation reflects total value of signed contracts awarded to the Company that has not been installed at the customer site. ‘Total contract value of new bookings’ is comprised of all new contracts signed and awarded to the Company, regardless of the performance obligations outstanding as of the end of the reporting period. Total contract value is the aggregate value of sales commitments from customers as at the end of the reporting period without consideration of the Company’s completion of the associated performance obligations outlined in each contract. CAUTIONARY DISCLAIMER STATEMENT : This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law. No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release. Unaudited Interim Statements of Loss and Comprehensive Loss for the Three Months Ended October 31, 2024 and 2023 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Statements of Loss and Comprehensive loss for the three months ended October 31, 2024 and 2023: Unaudited Interim Statements of Financial Position as at October 31, 2024 and July 31, 2024 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s financial position as at October 31, 2024 and July 31, 2024: Unaudited Interim Statements of Cash Flows for the Three Months Ended October 31, 2024 and 2023 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s cash flows for the three month periods ended October 31, 2024 and 2023:
My feelings on the Helldivers 2: Omens of Tyranny update so far can be described in bursts of "oh this car is awesome" and "are you kidding me the Illuminate are incredible," but there was one surprise waiting for me in Helldivers 2 this morning that I wasn't happy to see: Arrowhead isn't just selling armor in its store tab anymore, but weapons too. Well, one weapon for now. The stun baton, one of two melee options new to the shooter, can only be unlocked by purchasing it directly from the Superstore for 200 Super Credits. Unless I've been living under a rock, this is the first time Arrowhead has sold a non-armor item outside of a warbond—Helldivers 2's battle pass-like progression system. I'm uneasy about the precedent that sets for the future of the game. In these first 10 months, the relationship between the Superstore, warbonds, and normal level-based progression in Helldivers 2 has been clear and consistent: You can unlock strategems and most weapons just by leveling up, warbonds offer optional expansions to your arsenal, and the Superstore is an even less crucial cosmetic shop with more armor sets. I really liked that setup—I even called it one of the best monetization schemes in ages —because Arrowhead's warbonds are generally a good value, they don't expire, and even the premium armor sets have the same perks as warbond armors and are only a few dollars. But Arrowhead has slowly expanded its boundaries around what and how it charges for non-cosmetics. The stun baton being a Superstore exclusive is the latest example, but I first noticed a shift in the Chemical Agents warbond in September, which included the first premium-only stratagem in the "Dog Breath" drone backpack. I felt my foot slipping on a possible slope at the time, and it's happening again in Omens of Tyranny. It could be worse, but... The stun baton isn't worth raising any alarms over on its own. It only costs 200 Super Credits ($2 worth of credits) and Helldivers 2 still doles out a decent amount of free Super Credits by looting points of interest on missions. There's an argument that selling weapons a la carte is actually more convenient than having to buy a whole warbond if you only care about one thing (especially if the a la carte prices are this small), but then there's the fact that the Superstore stock changes every week. Presumably the stun baton will leave the store in a week or month's time and then be completely unavailable for weeks or months after. It's a bad setup that isn't unique to Helldivers—we really haven't given live service games enough grief for treating every microtransaction like the McRib—but is uniquely upsetting when it starts to involve the most coveted items in Helldivers 2 that players are used to getting for free or in never-expiring warbonds. Right now it's a stun baton, but it'd really suck if Arrowhead surprise-dropped a new vehicle that you could only buy for a week. And that stun baton is pretty useful, by the way. It deals almost no damage, but it stuns the hell out of whatever you hit with it. In a pinch, a few rapid swipes can get a small crowd of Voteless off your back long enough to disengage, and it can even stunlock larger Illuminate soldiers forever if you keep whacking. The biggest gaming news, reviews and hardware deals Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team. Is it better than having a gun as your backup? Not in most cases. A pistol can kill your attackers before they get in melee range, but the baton has unlimited ammo, and if you tend to ignore your sidearm until the crap has already exited the fan like I do, it makes more sense. Also relevant: The other new melee weapon, the stun lance, is on the new Urban Legends warbond. It's very similar to the baton, except it has a longer reach and its stabbing motion means you can only hit one target at a time. The upside is the lance deals more damage and can even chop off the legs or heads of the Voteless with a single strike—a solid "oh crap" tactic if you need to create some distance. If I had to pick one, I'd probably take the lance right now.Grid Dynamics Holdings Set to Join S&P SmallCap 600Vacaville Police Department makes four hires
House Speaker Mike Johnson (R-La.) proclaimed it a “new day in Washington and a new day in America” and said Thursday’s meeting marked “the beginning of a journey.” Earlier on Thursday, Ramaswamy met alone with GOP senators, some of whom stressed afterwards that it is still up to Congress, not Musk and Ramaswamy, to set spending levels. President-elect Donald Trump has described DOGE as a non-governmental project that would function as more of an advisory panel for ways to root out waste, rather than a traditional government agency. “They’re more of an advisory group that works behind the scenes with the White House,” Sen. James Lankford (R-Okla.) told reporters after leaving the meeting. Greene also offered some insight into how DOGE would rate lawmakers: “Elon and Vivek talked about having a naughty list and a nice list for members of Congress and senators, and how we vote and how we’re spending the American people’s money,” . reductions to Social Security and Medicare, which Trump has previously vowed not to touch. But Rep. Aaron Bean (R-Fla.), co-founder of the House DOGE caucus, told reporters that lawmakers would, in fact, examine cuts to “mandatory spending,” a category that includes these popular programs for older Americans. As he left the meeting, Rep. Tim Burchett (R-Tenn.) on the DOGE mission. “If Congress doesn’t have the guts to do those things they’re talking real big about, it’s just a waste of time,” Burchett said. Related...
Pearl Academy, Tech Mahindra collaborate to set up innovation hubIT’S not Gavin & Stacey’s fault, but I’d started hating the Christmas special long before it came to screen. A resentment you can probably put down to personal failings and the fact that rolling news, the print media and even the BBC’s main bulletins seemed to be hyping the 90-minute episode’s expectations way beyond a point it could possibly deliver. Without anything else worth watching on Christmas Day, since the last Gavin & Stacey special in 2019, the longing was as understandable as it was damning, I suppose. But for the first half, at least, it seemed like all the pre-publicity had been a dreadful miscalculation. The storyline was going nowhere and everyone, bar James Corden and Ruth Jones , who’ve written themselves the two best parts, seemed to be performing instead of acting, to an annoying degree in the cases of Rob “Bryn” Brydon and Alison “Pam” Steadman . They clearly knew something we didn’t, though. READ MORE ON GAVIN AND STACEY Because, as soon as Smithy and Sonia’s abortive wedding scene kicked in, everything made perfect sense. It was an old-fashioned love story that had momentum, heart, soul, staggeringly good stars, Anna Maxwell Martin and Sheridan Smith , and also the good sense to flag up its own plot holes, on the final chase to Southampton Docks. As I’m sure the whole audience was screaming “Give her a ring,” long before Joanna Page’s Stacey said “I’ll try her on her mobile” and Jason replied “Why didn’t we just call her in the first place?” They would have looked daft, of course, if the show hadn’t delivered the ending the audience craved and deserved. Most read in News TV But it gave the people what they wanted, a Smithy and Nessa wedding , and spared them from the one thing that infected other significant parts of the BBC’s Christmas Day TV, preachiness. For there were no gear-crunching references to diversity, as we got in the King’s Speech and EastEnders , nor was there any bleating about the arms trade, as in Doctor Who . For 90 minutes on Christmas Day, TV was a glorious, happy, woke-free zone again. And if you think the BBC will learn from Gavin & Stacey’s triumph and cut the political lectures in 2025? Well, I’d settle back and watch the Christmas special again and again, if I were you.India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92Fans of George R. R. Martin's A Song of Ice and Fire fantasy novels have long, long, long, awaited the planned sixth entry in the series, The Winds of Winter. But after more than a decade of delays, even Martin is acknowledging the possibility that it may never come to be. “Unfortunately, I am 13 years late,” he told the outlet. “Every time I say that, I’m [like], ‘How could I be 13 years late?’ I don’t know, it happens a day at a time.” “But that’s still a priority," he continued. "A lot of people are already writing obituaries for me. [They’re saying] ‘Oh, he’ll never be finished.’ Maybe they’re right. I don’t know. I’m alive right now! I seem pretty vital!” It's only the latest in what's been an increasingly bleak wait for The Winds of Winter, with the most recent entry in the series, A Dance With Dragons, publishing in 2011. That's the same year that HBO premiered the insanely popular TV series Game of Thrones, which is based on the A Song of Ice and Fire series and drew a lot more eyes to the world of Westeros. Martin made the reveal in November 2023 that he's written 1,100 pages of The Winds of Winter, which wouldn't be so disappointing if it weren't the same number of pages he had written a year prior. Before that, in 2022 , he said he was "about three-quarters of the way done," and that the book would likely be more than 1,500 pages. "A lot of people are already writing obituaries for me. [They're saying] 'Oh, he'll never be finished.' Maybe they're right." Most recently, this past September, Martin admitted that he hadn't made as much progress as he would've liked to, as his various TV shows "ate up" much of his time. It's also worth mentioning that The Winds of Winter isn't even set to be the final book in A Song of Ice and Fire. A seventh novel, A Dream of Spring, was set to close out the series, although many fans have all but given up hope for that . ( Note : The THR article calls The Winds of Winter the "sixth and final book" in the A Song of Ice and Fire series, but we're assuming that's just a mistake; Martin's never formally canceled A Dream of Spring publicly). Still, in a glimmer of hope, Martin did note in the interview that he could never retire, as he's "not a golfer." So hey, there's that! Even if we never get The Winds of Winter, there's plenty happening in Westeros on the TV side. House of the Dragon is still on track for four seasons , with the third expected to start production early next year. Another spinoff, A Knight of the Seven Kingdoms, is set to arrive sometime in late 2025 , and there's even been early talk of a Game of Thrones movie . Alex Stedman is a Senior News Editor with IGN, overseeing entertainment reporting. When she's not writing or editing, you can find her reading fantasy novels or playing Dungeons & Dragons.
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