XTRA: Revenue up 27% with record backlog; public offering boosts growth outlook

Revenue grew 27% year-over-year to $4.6 million, driven by strong demand for a new product and record backlog over $53 million. Gross margin declined to 58% due to initial deployment costs, but management expects improvement as scale increases.

Original document: Xtract One Technologies Inc [XTRA] Earnings Release — Dec. 4 2025