Xtract One Technologies Narrows Full-Year Loss as Revenue More Than Doubles

Xtract One Technologies Inc. (XTRA.TO) reported a full-year net loss of C$6.99 million, or C$0.03 per share, narrower than the C$11.88 million, or C$0.05 per share, loss posted last year. Revenue for the period rose 108.1% to C$28.82 million from C$13.85 million a year earlier, according to the company's GAAP results. The security-technology firm's sharp revenue increase outpaced its loss reduction, leaving it still unprofitable on an annual basis despite the improved bottom line.