07:05 AM EST, 12/06/2024 (MT Newswires) -- Xtract One Technologies ( XTRAF ) , a threat detection and security company, late on Thursday reported a wider fiscal first-quarter net loss on higher operating expenses that offset an increase in revenue.

The net loss in the quarter increased to $2.9 million, or a loss of $0.01 per share, from a loss of $2.7 million, or a loss of $0.01 per share.

The results matched the FactSet consensus earnings per share estimate of a loss of $0.01.

Revenue increased to $3.6 million from $3.1 million.

Total contract value of new bookings was $4.2 million, down from $9.6 million.

Contractual backlog came in at $14 million, up from $9.5 million.