EarningsQ2 2026 Earnings Report
XTRAF Q2 2026 EPS Results
Actual EPS>-$0.01
Consensus EPS>-$0.01
Beat/MissMet expectations
One Year Ago EPS>-$0.01
XTRAF Q2 2026 Revenue Results
Actual Revenue$4.07M
Expected Revenue$3.93M
Beat/MissBeat by +$131.39K
YoY Revenue Growth+69.87%
Earnings Announcement Details
QuarterQ2 2026
Date03/04/2026
TimeAfter Close
Conference CallWednesday, March 4, 2026
XTRAF Upcoming Earnings
Xtract One's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive growth narrative: strong revenue momentum (+70% YoY), a larger qualified pipeline (~$105M) and near‑record backlog (~$48.8M), notable international traction (e.g., British Museum), and a strengthened cash position from an $11.5M financing. Key challenges include compressed gross margins from the Xtract One Gateway ramp (Q2 estimated as a trough), higher operating cash usage to build inventory, a YoY decline in new bookings, and some backlog timing variability. Management expects margins for the Xtract One Gateway to improve toward SmartGateway levels over coming quarters and reiterated confidence in record fiscal 2026 revenue, making the outlook positive despite near‑term margin and cash‑flow headwinds.Company Guidance
Strong Revenue Growth
Total revenue of approximately $5.8M in Q2 FY2026, up 70% year-over-year from $3.4M and up 26% quarter-over-quarter from Q1, with management commenting Q2 may represent a trough in gross margin and expecting continued revenue acceleration through fiscal 2026.
Near‑Record Backlog and Contracted Pipeline
Contractual backlog and signed agreements pending installation totaled $48.8M versus $37.2M a year ago (+31%), comprised of $13.9M contractual backlog and $34.9M signed agreements pending installation, with management expecting the majority of pending agreements to deploy within 12 months.
Large Product Orders and Deployments
Approximately 150 Xtract One Gateways ordered (~$21M) with roughly one‑third (~$7M) delivered and installed by end of Q2; deployments now present across almost every U.S. state and multiple school districts.
Expanding Qualified Sales Pipeline
Qualified sales pipeline of about $105M (USD), reported roughly evenly split between SmartGateway and Xtract One Gateway, signaling a deep funnel of future opportunities.
Notable Customer Win — British Museum
Secured a high‑profile international customer (British Museum), which management highlighted as a landmark win that can drive further global opportunities and referenceability.
Production and Supply Improvements
Management reported resolving many initial manufacturing and supply chain constraints for the Xtract One Gateway, increased production throughput, and a phased ramp of manufacturing to match demand while suppliers are on track to expand throughput.
Balanced Product Revenue Mix
Revenue is beginning to split more evenly between SmartGateway and Xtract One Gateway, with SmartGateway gross margins remaining healthy in the mid‑ to high‑60% range and the company expecting One Gateway margins to improve toward similar levels over time.
Strengthened Cash Position
Closed a bought deal raising approximately $11.5M (gross proceeds, including over‑allotment) and ended the quarter with $15.7M in cash and cash equivalents, providing capital to accelerate production and working capital needs.
XTRAF Earnings History
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