Xtract One Technologies Stock (OTC: XTRAF)

Latest news for Xtract One Technologies (OTC:XTRAF) Stock

Xtract One Technologies Inc is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The principal business of the Company is the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution, referred to as the Platform, with the aim of enhancing public health and safety. The company makes unobtrusive threat detection systems that enable venue-building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One's innovative multi-sensor gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.

XTRACT ONE TECH INC by XTRACT ONE TECHNOLOGIES INC.

Xtract One Technologies Inc

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.34 by 50 percent. This is a 6.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $71.198 million which missed the analyst consensus estimate of $91.210 million by 21.94 percent. This is a 21.29 percent decrease over sales of $90.452 million the same period last year.

Earnings

Earnings Misses

News

PennyMac Mortgage Q2 2024 GAAP EPS $0.17 Misses $0.34 Estimate, Sales $71.198M Miss $91.210M Estimate

— KB-0742 cleared 80mg four-days-on, three-days-off dosing schedule in dose escalation — &nbsp;
— Company expects to provide an efficacy update on this expansion cohort in 1H 2025 —
SAN MATEO, Calif. and CAMBRIDGE, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- &nbsp;Kronos Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>), a company dedicated to developing small molecule therapeutics that address cancers and other diseases driven by deregulated transcription, today announced the first patient dosed in an expansion cohort with KB-0742 at a dose of 80mg given on a four-days-on, three-days-off schedule. This expansion cohort is enrolling platinum-resistant patients with high-grade serous ovarian cancer (HGSOC), a tumor type which is particularly sensitive to CDK9 inhibition due to MYC amplification or overexpression and deficiencies in homologous recombination (HRD+).

Biotech

General

KRON

First Patient Dosed In Kronos Bio's KB-0742, In An Expansion Cohort Focused On Platinum-Resistant High-Grade Serous Ovarian Cancer

PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) reported quarterly sales of $406.127 million which missed the analyst consensus estimate of $466.567 million by 12.95 percent. This is a 20.67 percent increase over sales of $336.547 million the same period last year.

PFSI

PennyMac Financial Servs Q2 Sales $406.127M Miss $466.567M Estimate

Cryptocurrency markets are down, with Ethereum as the notable example on the launch <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39915620/ethereum-may-be-headed-for-a-sell-off-after-etfs-launched-10x-research">day of Ethereum ETFs.</a>
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$65,612</td>
<td>-3.8%</td>
</tr>
<tr>
<td>Ethereum&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$3,463</td>
<td>-1%</td>
</tr>
<tr>
<td>Solana&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$172.23</td>
<td>-5.8%</td>
</tr>
<tr>
<td>Dogecoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.314</td>
<td>-8%</td>
</tr>
<tr>
<td>Shiba Inu&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001711&nbsp;&nbsp;</td>
<td>-4.3%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume up by 75% and daily active addresses up by 24.4%. Transactions greater than $100,000 also spiked from 5,287 to 8,307.</li>
<li>Coinglass data shows total crypto long liquidations at $131.88 million, the highest since July 8. In the past 24 hours, 71,840 traders were liquidated. Bitcoin's short liquidations ($8.2 million) came in at their lowest since July 7.</li>
<li>Bloomberg analyst Eric Balchunas <a href="https://x.com/EricBalchunas/status/1815794272496672990">noted</a> Ethereum ETFs hitting $600 million after half of the trading day, around 20% of the $4.6 billion Bitcoin ETFs did on day one.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39914148/donald-trump-to-announce-a-strategic-bitcoin-reserve-crypto-bettors-think-its-unlikely-but">Donald Trump To Announce A Strategic Bitcoin Reserve? Crypto Bettors Think It&#8217;s Unlikely But Possible</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39911046/exclusive-how-ai-can-unlock-the-true-potential-of-web3">EXCLUSIVE: How AI Can Unlock The True Potential Of Web3</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39904047/bitwise-to-donate-10-of-ethereum-etf-profits-to-open-source-developers">Bitwise To Donate 10% Of Ethereum ETF Profits To Open-Source Developers</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39896170/winklevoss-backed-real-bedford-soccer-club-embraces-michael-saylor-bitcoin-philosophy-accu">Winklevoss-Backed Real Bedford Soccer Club Embraces Michael Saylor Bitcoin Philosophy, Accumulates 82.7 BTC</a></li>
</ul>
<h3 class="wp-block-heading">Top Losers:</h3>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/–</td>
</tr>
<tr>
<td>Celestia (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TIA</a>) </td>
<td>$6.51</td>
<td>-13.5%</td>
</tr>
<tr>
<td>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>$2.55</td>
<td>-10.8%</td>
</tr>
<tr>
<td>Popcat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>)</td>
<td>$0.8166</td>
<td>-10%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes:  Crypto chart analyst Ali Martinez predicted that Bitcoin needs to hold the support level of $66,000.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On the lower time frames, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is showing signs of a double bottom pattern with bullish RSI divergence. If confirmed, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could rebound to $67,600. However, the $66,000 support level needs to hold! <a href="https://t.co/NBr7xbsyMZ">pic.twitter.com/NBr7xbsyMZ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1815743814994145351?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
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</figure>
Crypto analyst Caleb Franzen <a href="https://x.com/CalebFranzen/status/1815802868580090057">highlighted</a> that Bitcoin is back in the same effective support zone. He continues, "$BTC has continued to make higher highs and higher lows from a short-term perspective during this recent price action."
Rekt Capital <a href="https://x.com/rektcapital/status/1815818932843847732">commented</a> on Bitcoin's pullback, saying the crypto king needs to continue holding above $65,000 or at the very least, hold $65,000 as support on any unexpected pullback.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Was this an unexpected pullback? &quot;Bitcoin needs to continue holding above $65000 or at the very least, hold $65000 as support on any unexpected pullback&quot;<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/KSHaRiex08">https://t.co/KSHaRiex08</a> <a href="https://t.co/sDHUAdOAcZ">pic.twitter.com/sDHUAdOAcZ</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1815818932843847732?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
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Heavily followed crypto trader Marco Polo <a href="https://x.com/MarcoPoloMaps/status/1815824558273782220">believes</a> Bitcoin always gives a second chance.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39891040/shorting-btc-before-trumps-bitcoin-conference-speech-is-a-dangerous-game-10x-research">Shorting BTC Before Trump&#8217;s Bitcoin Conference Speech Is A Dangerous Game: 10x Research</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$POPCAT

$SHIB

$SOL

$TIA

$WIF

Bitcoin, Dogecoin Dip, Ethereum Outperforms As ETH ETFs Capture 20% of BTC ETF Inflows: 'Was This An Unexpected Pullback?,' Trader Wonders

Offerings

GOEV

Canoo Files For Mixed Shelf Offering; Size Not Disclosed

Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) reported quarterly earnings of $0.82 per share which missed the analyst consensus estimate of $0.84 by 2.38 percent. The company reported quarterly sales of $270.80 million which missed the analyst consensus estimate of $274.35 million by 1.29 percent. This is a 11.49 percent increase over sales of $242.90 million the same period last year.

APAM

Artisan Partners Asset Q2 2024 Adj EPS $0.82 Misses $0.84 Estimate, Sales $270.80M Miss $274.35M Estimate

Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) reported quarterly earnings of $5.38 per share which beat the analyst consensus estimate of $5.15 by 4.47 percent. The company reported quarterly sales of $11.780 billion which beat the analyst consensus estimate of $11.642 billion by 1.19 percent. This is a 10.29 percent increase over sales of $10.681 billion the same period last year.

Earnings Beats

Chubb Q2 2024 Adj EPS $5.38 Beats $5.15 Estimate, Sales $11.780B Beat $11.642B Estimate

The Board of Directors declared a cash dividend of $0.23 per common share, payable August 15, 2024, to shareholders of record as of August 8, 2024; this represents an increase in the Company's quarterly cash dividend of $0.03 per share, or 15%.

Dividends

ORRF

Orrstown Financial Services Increases Quarterly Dividend From $0.20 To $0.23 Per Share

Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $83.320 million which beat the analyst consensus estimate of $81.068 million by 2.78 percent. This is a 1.56 percent increase over sales of $82.040 million the same period last year.

ROIC

Retail Opportunity Q2 2024 GAAP EPS $0.25, Inline, Sales $83.320M Beat $81.068M Estimate

PennyMac Financial Services Increases Quarterly Dividend From $0.20 To $0.30

This represents revenue growth of approximately&nbsp;12%&nbsp;year-over-year at the midpoint of the range.

Guidance

CSGP

CoStar Cuts FY24 Revenue Outlook From $2.76B - $2.77B To $2.735B - $2.745B, Est $2.767B

Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.73 by 13.7 percent. This is a 11.7 percent decrease over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $26.10 million which beat the analyst consensus estimate of $25.97 million by 0.51 percent. This is a 1.03 percent decrease over sales of $26.38 million the same period last year.

Orrstown Finl Servs Q2 Adj $0.83 Beats $0.73 Estimate, Sales $26.10M Beat $25.97M Estimate

S&P Downgrades AMC Entertainment To 'SD' On Transaction

Western New England (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNEB#NASDAQ">WNEB</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.11 by 54.55 percent. This is a 30.77 percent increase over earnings of $0.13 per share from the same period last year.

WNEB

Western New England Q2 EPS $0.17 Beats $0.11 Estimate

Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of a primary offering of 25,000,000 shares of common stock. In addition, Allegro expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock. Proceeds from the offering, together with cash on hand or additional borrowings under Allegro's term loan facility or revolving credit facility, will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. ("Sanken") at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering. &nbsp;
Barclays, Morgan Stanley and UBS Investment Bank are acting as joint lead book-running managers for the offering. PJT Partners is acting as financial advisor to Allegro.

ALGM

Allegro MicroSystems Launches Primary Offering Of 25M Shares Of Common Stock

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) reported second-quarter financial results after the market close on Tuesday. Here&#8217;s a look at the key numbers <a href="https://www.benzinga.com/government/24/07/39916932/google-backtracks-on-third-party-cookie-policy-sparks-gains-in-ad-tech-and-publisher-stocks">from the quarter</a>.
Q2 Earnings: Google parent Alphabet reported second-quarter revenue of $84.742 billion, beating the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $84.202 billion. The tech giant reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.85 per share.
Alphabet has now beat analyst estimates on the top and bottom lines in six consecutive quarters, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Total revenue was up 14% year-over-year, driven by ongoing strength in Search and momentum in Cloud. Google Search revenue was $48.509 billion in the quarter, Google Advertising revenue was $64.616 billion, YouTube advertising revenue&nbsp;came in at&nbsp;$8.663&nbsp;billion and Google Cloud revenue totaled $10.347 billion.
&#8220;We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead,&#8221; said&nbsp;Sundar Pichai, CEO of Alphabet.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39911255/googles-cookie-monster-why-the-tech-giants-u-turn-is-making-waves-in-ad-industry">Google&#8217;s Cookie Monster: Why The Tech Giant&#8217;s U-Turn Is Making Waves In Ad Industry</a>
Alphabet also announced a cash dividend of 20 cents per share to be paid on Sept.16 to shareholders of record as of Sept. 9. 
&#8220;As we invest to support our highest growth opportunities, we remain committed to creating investment capacity with our ongoing work to durably re-engineer our cost base,&#8221; said Ruth Porat, president and CFO of Alphabet.
Alphabet didn&#8217;t provide forward guidance in its earnings release. Management will hold a conference call to discuss these quarterly results at 4:30 p.m. ET.
GOOG Price Action: <a href="https://www.benzinga.com/quote/GOOG" target="_blank" rel="noreferrer noopener">Alphabet shares</a> were down 0.11% after hours at $183.40 at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39914536/small-cap-gains-resume-ahead-of-major-tech-earnings-ups-faces-worst-day-ever-bitcoin-dips-">Small-Cap Gains Resume Ahead Of Major Tech Earnings; UPS Faces Worst Day Ever, Bitcoin Dips Below $66,000: What&#8217;s Driving Markets Tuesday?</a></li>
</ul>
Photo: Lets Design Studio/Shutterstock.
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Google Q2 2024 Earnings Call &#x7C; $GOOG $GOOGL" width="500" height="281" src="https://www.youtube.com/embed/Krnf4lkdymM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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After-Hours Center

Movers

Tech

GOOG

GOOGL

Alphabet Q2 Earnings: Revenue Beat, EPS Beat, Innovation At 'Every Layer Of The AI Stack' And More

WIIM

Visa shares are trading lower following a slight Q3 revenue miss.

Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) reported quarterly earnings of $2.21 per share which beat the analyst consensus estimate of $2.07 by 6.76 percent. The company reported quarterly sales of $628.436 million which beat the analyst consensus estimate of $622.927 million by 0.88 percent. This is a 25.83 percent increase over sales of $499.431 million the same period last year.

ENVA

Enova International Q2 2024 Adj EPS $2.21 Beats $2.07 Estimate, Sales $628.436M Beat $622.927M Estimate

Canadian National Railway shares are trading lower. The company reported Q2 financial results.

Capital One shares are trading lower following worse-than-expected Q2 financial results.

Patriot One Technologies GAAP EPS of C$0.09, revenue of C$4.11M

Xtract One Technologies sees higher Q1 revenue over prior quarter

Xtract One Technologies Inc. (XTRAF) Q1 2024 Earnings Call Transcript

Patriot One Technologies GAAP EPS of $0.01, revenue of $3.12M

Patriot One Technologies GAAP EPS of -C$0.02, revenue of C$2.9M

Xtract One Technologies Inc. (XTRAF) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>) has been on an absolute tear this year, with the stock up more than 250% year-to-date already. The semiconductor stock has seen parabolic gains thanks to its leverage to the red-hot AI and machine learning trends. However, while SMCI stock may have more room to run, it&rsquo;s unlikely to repeat its monumental rise. For investors chasing massive upside, it&rsquo;s time to look beyond headline-grabbing <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> like SMCI and consider some under-the-radar <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> instead.



These AI penny stocks not only stand to benefit from the hype surrounding artificial intelligence, but they are delivering strong growth and have huge upside potential. Getting in early on these lesser-known names before Wall Street catches on could help you realize gains of 2,000% or more over the next few years. Right now, Wall Street is distracted by the &lsquo;Magnificent 7&rsquo; AI stocks dominating headlines. However, I expect sentiment to shift soon, as these big names become overheated. 



Here are the three AI penny stocks to look into right now.



<h2>Data Storage Corp (DTST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/binary-code-data-300x169.png" alt="Binary code data"><div>Source: carlos castilla/Shutterstock</div></div>I have been writing about Data Storage Corp (NASDAQ:<a href="https://investorplace.com/stock-quotes/dtst-stock-quote/">DTST</a>) for quite a while now, and that&rsquo;s for good reason. My conviction has paid off time and time again, and I think the company still has more room to run going forward. Data Storage Corp has been showing excellent growth with cloud computing and data storage tailwinds at the company&rsquo;s back, which is helping the company land many contracts. Startups &ndash; especially AI startups &ndash; are hungry for data right now, and they&rsquo;re turning to companies beyond the big names like AWS and Azure. 



The company achieved <a href="https://www.google.com/finance/quote/DTST:NASDAQ">revenue of $6 million in Q3 2023</a>, up 35% year-over-year. Data Storage also reported a net income of $158,000. Plus, the company&rsquo;s CloudFirst business unit generated $3.7 million in revenue and over $800,000 in net income. Moreover, the equipment and software unit generated $2 million in revenue, an increase of nearly 100% from Q3 2022. Both business segments were merged recently.



Data Storage maintains a 94% renewal rate with its customers, and an average contract term of 24 months. These are great metrics for an AI startup that has a market capitalization of just $40 million. The company expects to enter 2024 with an annual recurring revenue (ARR) baseline of around $18 million on the service side. This stock deserves a lot larger of a premium, considering fast-growing SaaS companies often trade at 10-times sales or more. With that in mind, DTST stock definitely has multi-bagger potential still.



I think gains of 200-300% or more are achievable in 2024 alone if momentum continues. Data Storage Corp has a long runway for expansion in the thriving data center and cloud services space. I would not hesitate to take a calculated position here before the crowd catches on. It&rsquo;s a penny stock (trades around $5.80 per share), but the company&rsquo;s market cap definitely qualifies it as penny stock), so I wouldn&rsquo;t recommend putting a big portion of your portfolio here either.



<h2>DHI Group (DHX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/online-education-1600-300x169.jpg" alt="man in headphones writing notes in notebook watching webinar video course"><div>Source: fizkes / Shutterstock.com</div></div>DHI Group (NYSE:<a href="https://investorplace.com/stock-quotes/dhx-stock-quote/">DHX</a>) is a provider of online recruitment platforms for technology professionals and other skilled professionals. The company&rsquo;s main platforms are Dice and ClearanceJobs (CJ). DHI uses AI for a lot of its software, so I would loosely consider it an AI company. This stock has not been as lucky as Data Storage Corp, as it is down over 65% from its June 2022 peak. However, this stock has stabilized around $2.50 per share and I believe a turnaround is nearing. If the stock takes makes a successful turnaround and improves its financials, we can easily see multi-bagger returns with this name.



However, I would warn that the company&rsquo;s financials are far from flashy. Revenue has been basically stagnant since 2022, and <a href="https://www.google.com/finance/quote/DHX:NYSE">profit margins are at a measly 2.3%</a>. The company also expects a low single-digit revenue decline for all of 2024. However, management is targeting a <a href="https://seekingalpha.com/article/4668452-dhi-group-inc-dhx-q4-2023-earnings-call-transcript">full-year 2024 adjusted EBITDA margin of 24%</a>. I believe this can lead to a much higher re-rating of the stock. Defense spending is increasing fast, and bookings growth could return in the second half of 2024 as tech hiring improves.



Total revenue in Q4 2023 was $37.3 million, down 6% year-over-year. DHI&rsquo;s valuation is trading at distressed levels, so any signs of a turnaround should lead to notable gains.



<h2>Xtract One (XTRAF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/guns-300x169.jpg" alt="a photo of some guns and ammunition"><div>Source: Shutterstock</div></div>Xtract One (OTCMKTS:<a href="https://investorplace.com/stock-quotes/xtraf-stock-quote/">XTRAF</a>) is a company that provides AI-driven weapons detection solutions. Their primary product is the SmartGateway, which is a frictionless screening system that can detect weapons, while allowing for a rapid throughput of people. The stock has been essentially flat, trading around 50 cents since the second quarter of 2020. That&rsquo;s nearly four years of sideways trading with some ups and downs, and I believe a breakout is close since the business continues to expand.



Revenue is double what it was in 2020, and losses are slowly being trimmed. However, this is a more risky play since the company is still making very little revenue compared to its losses. Improvements are happening though. 



The company booked (all metrics for this company are in Canadian dollars) <a href="https://seekingalpha.com/article/4677052-xtract-one-technologies-inc-xtraf-q2-2024-earnings-call-transcript">$14.7 million in new bookings</a> in the first half of fiscal 2024, with $5.1 million booked in Q2 2024 alone, which is a 4x increase year-over-year. In addition, at the end of Q2 2024, the company had a contractual backlog of $12.3 million (up 29% from Q1 2024) and an additional $10 million worth of signed agreements pending installation. This is due to a new channel sales program, which contributed to about 20% of the new bookings in Q2 2024.



I&rsquo;m still placing this stock last since the company&rsquo;s cash burn is very high. Now, this cash burn is being reduced quarter-over-quarter. However, management didn&rsquo;t provide any timeline for cash flow breakeven. I don&rsquo;t like when a company&rsquo;s management says they&rsquo;re &ldquo;working towards&rdquo; something, which is quite vague, so I&rsquo;d remain a bit careful here.



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On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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Xtract One Technologies GAAP EPS of -C$0.01, revenue of C$4.7M

Xtract One Technologies Inc. 2024 Q3 - Results - Earnings Call Presentation

Xtract One Technologies Inc. (XTRAF) Q3 2024 Earnings Call Transcript

DTST

SMCI

XTRAF

Financing

Press Releases

Xtract One Announces Terms of Public Offering and Concurrent Investment by Strategic Partner

Xtract One Announces Upsized Public Offering and Concurrent Investment by Strategic Partner

Xtract One Closes $7.2M Public Offering and $1.4M Investment by Strategic Partner

Xtract One Technologies Awarded U.S. Department of Homeland Security SAFETY Act Designation for Multi-Sensor Gateway Portfolio

Xtract One Closes Full Exercise of Over-Allotment Option for Additional $1.2 M

Xtract One Announces Fiscal 2024 Third Quarter Conference Call

Contracts

Sports

Xtract One Technologies Secures Contracts with NBA, MLB & NHL Teams Following New U.S. DHS SAFETY Act Designation

Xtract One Announces Third Quarter Fiscal 2024 Results

Xtract One Technologies Selected by NHL's Stanley Cup Winning Florida Panthers to Secure Entrances at Amerant Bank Arena, Baptist Health IcePlex, and FTL War Memorial

Xtract One's SmartGateway Completes Operational Test & Evaluation by National Safe Skies Alliance, Inc. for Airport Security

MSGS

TSX:XTRA

Xtract One Technologies

Xtract One Technologies Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/XTRA#TSX">XTRA</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/XTRAF#OTCQX">XTRAF</a>) (FRA: 0PL) ("Xtract One" or the "Company") is pleased to announce that it has entered into an engagement letter with Eight Capital (the "Agent") pursuant to which the Agent has agreed to conduct a public offering of units (the "Units") on a "commercially reasonable best-efforts" marketed basis (the "Offering"). Each Unit shall consist of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). The number of Units to be sold and amount of proceeds to be raised under the Offering will be determined in the context of the market. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.The Company has granted the Agent an option (the "Over-Allotment Option") to increase the size of the Offering by up to 15%, exercisable in whole or in part at any time, at the sole discretion of the Agent, to acquire either (i) additional Units, (ii) additional Shares or (iii) additional Warrants, or a combination thereof, for a period of 30 days from and including the Closing Date (as defined herein).The Units will be offered by way of a prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated February 6, 2024 (the "Shelf Prospectus"), which Prospectus Supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces and territories of Canada, except Québec. The Offering is expected to close on or about April 24, 2024 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange (the "TSX") and the applicable securities regulatory authorities.Fees, in cash or securities of the Company or a combination thereof, may be payable to the Agent in accordance with the policies of the TSX.In addition to and concurrent with the Offering, the Company intends to complete a private placement offering (the "Concurrent Private Placement") of Units to MSG Sports Ventures, LLC ("MSG Sports"), a wholly-owned subsidiary of Madison Square Garden Sports Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>), in order to permit MSG Sports to maintain its pro rata interest in the outstanding securities of the Company. The number of Units to be sold and amount of proceeds to be raised under the Concurrent Private Placement will be based on the size of the Offering and whether, or the extent to which, the Over-Allotment Option is exercised by the Agent. No finder's fees or commissions will be paid in connection with the Concurrent Private Placement.Closing of the Concurrent Private Placement is expected to occur concurrently with the closing of the Offering and is subject to certain conditions including, but not limited to, the concurrent completion of the Offering and the receipt of all necessary regulatory approvals, including the approval of the TSX. Closing of the Offering is not conditional on the closing of the Concurrent Private Placement.The Concurrent Private Placement with MSG Sports will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Concurrent Private Placement by MSG Sports will not exceed 25% of the market capitalization of the Company in accordance with MI 61-101.Xtract One intends to use the proceeds of the Offering and the Concurrent Private Placement for working capital and general corporate purposes.

Xtract One Announces Marketed Public Offering Of Units And Concurrent Investment By MSG Sports Ventures, A Wholly-Owned Subsidiary Of Madison Square Garden Sports Corp.

Xtract One Technologies Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/XTRA#TSX">XTRA</a>)(OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/XTRAF#OTCQX">XTRAF</a>)(FRA:0PL) (&quot;Xtract One&quot;), and Madison Square Garden Sports Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>) (&quot;MSG Sports&quot;) today announced that MSG Sports will invest up to C$13.4 million (US$10 million) in Xtract One, a leading security technology company that prioritizes the patron access experience by leveraging AI. The initial investment of C$8.4 million (US$6.3 million) is effective immediately, with the subsequent investment of C$5 million (US$3.7 million) being conditional on the approval of Xtract One&#39;s shareholders and all applicable regulatory approvals (together the &quot;Investment&quot;). The Investment is comprised of the sale of up to 31,925,595 units (each a &quot;Unit&quot;) at a price of C$0.42 per Unit. Each Unit will be comprised of one common share of Xtract One (a &quot;Common Share&quot;) and one Common Share purchase warrant (each a &quot;Warrant&quot;) exercisable at a price of C$0.60 for a period of five years following the date of its issuance. The initial tranche of the Investment comprised the issuance of 20,000,000 Units for aggregate gross proceeds of C$8,400,000. The proposed second tranche of the Investment will be comprised of the issuance of 11,925,595 Units for aggregate gross proceeds of C$5,008,749.90. All securities issued under the Investment will be subject to Canadian resale restrictions of four months and one day, in addition to applicable US resale restrictions. No commission or fee is or will be paid in connection with the Investment.

MSG Sports To Invest up to $10M in Xtract One, a Leading Security Technology Company

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Xtract One Technologies

News

Latest news for Xtract One Technologies (OTC:XTRAF) Stock

Wednesday, April 17, 2024

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