From Financialpost · · 1m 20s
Xtract One Reports Strong Growth
Xtract One's fiscal 2026 results show 108% revenue growth to $28.8 million with improved cash flow.
In brief
Xtract One's fiscal 2026 results show 108% revenue growth to $28.8 million with improved cash flow. Xtract One Technologies achieved $28.8 million in revenue for fiscal 2026, up 108% year over year, with positive cash flow from operations. Originally reported by Financialpost.
Fiscal 2026 Results
Xtract One Technologies Inc. announced fiscal fourth quarter and annual results for the year ended July 31, 2026.
Revenue Growth
Revenue reached $28.8 million, up 108% year over year, driven by record deployments of SmartGateway and Xtract One Gateway.
Contractual Backlog
Contractual backlog increased 66% to $25.6 million year over year, with $10.5 million expected to be recognized as revenue within twelve months.
Cash Position
The company ended fiscal 2026 with a cash balance of $17.3 million and positive cash flow from operations in the fourth quarter.
Adjusted EBITDA
Adjusted EBITDA improved by $5.1 million or 59% year over year, reflecting better operational efficiency.
CEO Statement
Peter Evans, CEO, stated fiscal 2026 was the year Xtract One proved it could scale with revenue doubling and first full year of commercial deployments.
Future Outlook
Xtract One enters fiscal 2027 with a growing recurring revenue base and two proven products backed by installation capacity and customer references.
The short version
Xtract One Technologies achieved $28.8 million in revenue for fiscal 2026, up 108% year over year, with positive cash flow from operations.
