Xtract One Technologies reported CAD 10.3 million in Q3 revenue, nearly tripling year-over-year, with its first positive adjusted EBITDA of CAD 0.6 million.
Xtract One Technologies (TSE:XTRA) reported fiscal third-quarter revenue of CAD 10.3 million, nearly three times the CAD 3.5 million recorded in the same period last year. The company also achieved positive adjusted EBITDA of CAD 0.6 million for the first time, driven by stronger production capacity and higher installations.
Backlog and bookings remained robust, with new bookings reaching CAD 9.1 million and total contractual backlog plus signed agreements rising to CAD 45.1 million. The company’s qualified sales pipeline now exceeds US$110 million across both product lines. Gross margins improved to 61% from 57%, while operating cash usage dropped sharply to about CAD 30,000 from CAD 3.4 million a year earlier.
Management described the quarter as “outstanding” and indicated that current expense levels appear sustainable as the business scales further.