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Xplore Technologies Quarterly Historical Information

AUSTIN, Texas, July 01, 2016 (GLOBE NEWSWIRE) -- Xplore Technologies Corp. (NASDAQ:XPLR), a global leader in rugged computing has prepared the following tables for clarity of quarterly revenue results for the preceding eight quarters, and certain financial ratios to be derived therefrom.


FY 2016
1st Qtr2nd Qtr3rd Qtr4th QtrYTD
Revenue$ 24,043 $ 28,853 $ 27,023 $ 20,611 $ 100,530
Cost of revenue 15,893 20,744 18,181 14,365 69,183
Gross profit 8,150 8,109 8,842 6,246 31,347
Expenses
Sales, marketing and support 3,620 3,642 3,925 3,909 15,096
Product research, development & engineering 1,830 1,577 1,129 1,235 5,771
General administrative 2,331 2,487 2,521 2,088 9,427
Total operating expenses 7,781 7,706 7,575 7,232 30,294
Profit/(loss) from operations 369 403 1,267 (986) 1,053
Other expenses
Interest expense (6) (52) - - (58)
Cost of integration (670) (122) (95) (26) (913)
Other income/expenses 63 (131) (317) (65) (450)
(613) (305) (412) (91) (1,421)
Income/(loss) before taxes (244) 98 855 (1,077) (368)
Income taxes - - (69) 75 6
Net income$ 244)$ 98 $ 786 $ (1,002)$ (362)
Depreciation & amortization 358 457 498 417 1,730
Interest expense 6 52 - - 58
Income taxes - - 69 (75) (6)
EBITDA 120 607 1,353 (660) 1,420
Non-cash compensation 607 492 535 522 2,156
Cost of integration 670 122 95 26 913
Adjusted EBITDA $ 1,397 $ 1,221 $ 1,983 $ (112)$ 4,489
Key Statistics
Gross margin 33.9% 28.1% 32.7% 30.3% 31.2%
Operating margin 1.5% 1.4% 4.7% -4.8% 1.0%
Periodic revenue % 23.9% 28.7% 26.9% 20.5% 100.0%
Quarter over Quarter
Revenue Change % 131.0% 20.0% -6.3% -23.7%


FY 2015
1st Qtr2nd Qtr3rd Qtr4th QtrYTD
Revenue$ 8,267 $ 7,522 $ 16,443 $ 10,407 $ 42,639
Cost of revenue 5,203 5,255 10,569 7,293 28,320
Gross profit 3,064 2,267 5,874 3,114 14,319
Expenses
Sales, marketing and support 1,598 1,714 1,630 1,410 6,352
Product research, development & engineering 991 739 815 992 3,537
General administrative 1,007 977 980 1,139 4,103
Total operating expenses 3,596 3,430 3,425 3,541 13,992
Profit/(loss) from operations (532) (1,163) 2,449 (427) 327
Other expenses
Interest expense (1) (2) - (3)
Cost of integration - - - - -
Other income/expenses (19) (3) (7) (7) (36)
(19) (4) (9) (7) (39)
Income/(loss) before taxes (551) (1,167) 2,440 (434) 288
Income taxes - - (39) - (39)
Net income$ (551)$ (1,167)$ 2,401 $ (434)$ 249
Depreciation & amortization 172 264 253 230 919
Interest expense - 1 2 - 3
Income taxes - - 39 - 39
EBITDA (379) (902) 2,695 (204) 1,210
Non-cash compensation 159 166 152 207 684
Cost of integration - - - - -
Adjusted EBITDA $ (220)$ (736)$ 2,847 $ 3 $ 1,894
Key Statistics
Gross margin 37.1% 30.1% 35.7% 29.9% 33.6%
Operating margin -6.4% -15.5% 14.9% -4.1% 0.8%
Periodic revenue % 19.4% 17.6% 38.6% 24.4% 100.0%
Quarter over Quarter
Revenue Change % -0.9% -9.0% 118.6% -36.7%

In the above tables, figures have been drawn from the financial statements filed with the Securities and Exchange Commission.

The Non-GAAP measures above include EBITDA and Adjusted EBITDA as a comparison to GAAP Net Income. EBITDA is calculated as shown by adding back to Net Income expenses in the period related to depreciation and amortization, interest and income taxes. Adjusted EBITDA is further calculated by adding back to EBITDA the periodic expenses related to non-cash compensation and the cost of integration.

About Xplore Technologies

Established in 1996, Xplore Technologies Corp. is the number two provider of rugged tablet computers worldwide. With its recent acquisition of the Motion product line, the company now has the broadest range of purpose-built tablets for a variety of industries including energy, utilities, telecommunications, military operations, manufacturing, distribution, public services, public safety, healthcare, government and other areas with hazardous work conditions. The company’s tablets are among the most powerful and longest lasting in their class – able to withstand nearly any hazardous condition or environmental extreme. Xplore's products are sold and serviced on a global basis across the Americas, Europe, Middle East, Africa, and Asia Pacific regions. For more information, visit the Xplore Technologies website at www.xploretech.com.

Forward Looking Statements

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward-looking statements.


Contact Information: Tom Wilkinson, Chief Financial Officer Phone: (512) 637-1162 Email: twilkinson@xploretech.com Darrow Associates Investor Relations Phone: (512) 696-6401 Email: xplr@darrowir.com

Source:Xplore Technologies Corp