The earnings call reflects a generally optimistic outlook for fiscal 2025, with strong revenue growth and a robust pipeline. However, Q1 experienced some setbacks due to order delays and a slight decline in gross profit margin. The company remains confident in achieving record-setting performance due to strong product demand and market expansion.
Company Guidance
During the Xtract One Technologies Q1 2025 earnings call, several key metrics and insights were discussed. The company reported a 16% increase in revenue, achieving approximately CAD 3.6 million compared to CAD 3.1 million in the prior year, with a gross profit margin of around 64%. The revenue was mainly driven by the education sector, contributing about one-third of the total. Additionally, the contractual backlog grew to approximately CAD 27 million, with a split of CAD 14 million in contractual backlog and CAD 13 million in signed agreements pending installation. The company's pipeline was valued at around CAD 80 million, with significant growth of 60% over the past year. Despite a lighter first quarter primarily due to order and shipping timing issues, Xtract One remains optimistic about a strong fiscal year, expecting the new product launch and larger bids to drive revenue growth in the latter half of 2025. The ongoing interest in their SmartGateway and One Gateway products, as well as a strategic focus on operational execution and cost management, positions the company for potential record-setting performance and a path to profitability.
Revenue Growth
Q1 revenue was approximately $3.6 million, up from $3.1 million in the prior year period, representing an increase of 16%.
New Customer Wins
The company secured new customer wins, including the Tift County Schools District in Tifton, Georgia, which plans to deploy One Gateways across multiple locations.
Growing Pipeline
The qualified pipeline of opportunities is at a record level of approximately CAD 80 million, with about 60% of those deals upfront and about 40% subscription deals.
Strong Product Demand
Both the SmartGateway and the One Gateway solutions have strong market interest, with One Gateway nearing the end of its certification process and expected to ship soon.
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Xtract One (TSE:XTRA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:XTRA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 05, 2024
C$0.66
C$0.53
-19.70%
Oct 24, 2024
C$0.69
C$0.74
+7.25%
Jun 06, 2024
C$0.58
C$0.59
+1.72%
Mar 07, 2024
C$0.72
C$0.70
-2.78%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xtract One (TSE:XTRA) report earnings?
Xtract One (TSE:XTRA) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Xtract One (TSE:XTRA) earnings time?
Xtract One (TSE:XTRA) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.