Earnings call transcript: Xtract One Technologies falls after Q4 2026 miss
Xtract One Technologies reported a Q4 2026 revenue of CAD 8.2 million, a 144% increase from the previous year, but still fell short of analyst expectations. The stock price dropped 12.96% to $0.47 in after-hours trading. Adjusted earnings per share (EPS) were negative $0.009, significantly worse than the forecasted negative $0.0031.
The company's full-year revenue reached CAD 28.8 million, an 108% increase from CAD 13.9 million in fiscal 2025. Despite the revenue miss, Xtract One's operating expenses only grew by 13% to CAD 24 million, indicating faster scaling than its cost base. The company's backlog improved to CAD 25.6 million, a 66% increase from CAD 15.5 million.
Gross margins declined, dropping from 71% in Q4 2025 to 58% in fiscal 2026. Management highlighted a strong backlog of CAD 25.6 million and a USD 122 million qualified pipeline as signs of future growth.
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