Q1 2025 Xtract One Technologies Inc. Earnings Call Transcript
Key Points
- Xtract One Technologies Inc (XTRAF) reported a 16% increase in revenue for Q1 2025, reaching approximately $3.6 million compared to $3.1 million in the prior-year period.
- The company has secured new customer wins and is building a backlog of Xtract One Gateway contracts, including a significant contract with Tift County School District.
- The One Gateway product is nearing the end of its certification process, with plans to begin shipping in mid- to end of calendar Q1 2025, indicating potential future revenue growth.
- Xtract One Technologies Inc (XTRAF) has a qualified pipeline of opportunities valued at approximately CAD80 million, with about 60% upfront deals and 40% subscription deals.
- The company is experiencing strong interest in both its Smart Gateway and One Gateway solutions, with a growing pipeline and increased activity in the marketplace.
- Q1 2025 revenue was lighter than recent periods due to order and shipping timing delays, impacting the company's financial performance.
- The gross profit margin decreased to approximately 64% from 67% in the prior-year period, primarily due to changes in product mix.
- Operating cash outflow increased to $2 million during the quarter, reflecting lower revenue levels and continued investment in innovation.
- Some contractual signings and deployment timings were delayed, pushing potential revenue into future quarters.
- The company faces potential challenges from tariffs, which could impact manufacturing and pricing strategies.
Good day and welcome to the Xtract One Technologies fiscal 2025 first-quarter earnings conference call. All participants will be on listen-only mode. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Chris Witty, Investor Relations Advisor. Please go ahead.
Good morning, everyone, and welcome to Xtract One's fiscal first quarter commerce call. Joining me today is the company's CEO and Director, Peter Evans; and CFO, Karen Hersh.
Today's earnings call will include a discussion about the state of the business, quarterly financial results, and some of Xtract One's recent milestones followed by a Q&A session. This call is being recorded and will be available on the company's website for replay purposes. Please see the presentation online that accompanies today's discussion.
Before we begin, I would like to note that all dollars are Canadian unless otherwise specified and provide a brief disclaimer statement as
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