07:36 AM EDT, 10/24/2025 (MT Newswires) -- Xtract One Technologies ( XTRAF ) overnight Thursday reported a wider loss and a decrease in revenue in the fourth quarter.

For the three-months ended July 31, comprehensive loss was $3.5 million compared with $2.4 million a year-ago, reflecting lower gross profit, slightly offset by a decrease in overall operating costs.

Quarterly revenue fell to $3.3 million compared with $5.6 million in the prior-year period, missing consensus estimate compiled by FactSet of $4.5 million.

"We ended the year with a record backlog owing to several complex, larger deals, including pending installations, of nearly $50 million, bolstering the outlook for 2026 and beyond," said Xtract One ( XTRAF ) chief executive Peter Evans. "Demand for Xtract One Gateway continues to accelerate as customers experience firsthand how effectively the Gateway improves safety while streamlining facility entry, which is evidenced by total bookings from nine customers worth $13.1 million for the year ended July 31, 2025."

"We have successfully begun commercial deployment of Xtract One Gateway just subsequent to year end, and feedback from these first customers is extremely positive," added Evans. "Overall, the future for our Company looks bright, and we are on track for fiscal 2026 to be our best year ever."

Shares of the company closed up 2.9% to $0.71 on the Toronto Stock Exchange Thursday.