Patriot One Technologies : Earnings Call Presentation
March 08, 2024 at 09:21 am EST
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March 8, 2024
Second Quarter 2024
Earnings Call
TSX: XTRA || OTCQX: XTRAF || FSE: 0PL
1
Disclaimer
No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this presentation. This presentation contains supplementary financial measures. These measures do not have any standardized meanings prescribed under IFRS and therefore may not be comparable to similar measures disclosed by other reporting issuers. These supplementary financial measures are defined within the filed Management's Discussion & Analysis. This presentation contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects"," believes", and similar expressions. All statements other than statements of historical fact, included in this presentation are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this presentation are expressly qualified by this cautionary statement. The forward-looking statements contained in this presentation are made as of the date of this presentation and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this presentation.
For further information, please contact:
Xtract One Technologies
cwitty@darrowir.com
www.xtractone.com
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Peter Evans
CEO's Business Update
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Opening remarks
Key Highlights
Strong Business Performance
Market Expansion and Customer Diversification
Continued Focus on Scale
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Growing Business Momentum
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Values are shown for the Platform operating segment only
Customer Adoption
Customer wins and growth from secondary markets
Sports and live entertainment continues to be our largest individual customer segment
Continue to see immense demand from secondary markets including manufacturing, distribution, education, healthcare, and other public sector agencies
Approximately 50% of the total contract value of new bookings in Q2 were from these expansion markets
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Channel Sales Strategy
Direct to
Customer
New technology requires hands-on approach to get customers comfortable with the product
Provides immensely valuable product feedback
Direct
+
Channel
Partners
Acceleration of bookings and deployed systems
Increased market reach without significant investment in sales and marketing efforts
Scalable service model
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Karen Hersh
CFO's Financial Update
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Revenue
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Contractual Backlog
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Xtract One Technologies Inc. published this content on
07 March 2024 and is solely responsible for the information contained therein. Distributed by
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08 March 2024 14:20:04 UTC.
Xtract One Technologies Inc. is a technology-driven threat detection and security solution company leveraging artificial intelligence (AI) to provide secure patron access control experiences. The Company is engaged in the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution. It operates in two segments: Platform and Xtract segment. The Platform segment develops and commercializes an AI-powered threat detection gateway solution. The Xtract segment develops AI solutions for customers. Xtract Oneâs Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based Video Recognition Software allows venue and building operators to identify weapons and other threats inside and outside of facilities and receive valuable intelligence for optimizing operations. It serves various industries, including arenas and stadiums, ticket venues and attractions, and casinos.