Xplore Technologies Reports Fiscal First Quarter 2017 Results
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FY 2015 |
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1st Qtr |
2nd Qtr |
3rd Qtr |
4th Qtr |
YTD |
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Revenue | $ | 8,267 | | $ | 7,522 | | $ | 16,443 | | $ | 10,407 | | $ | 42,639 | |
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Cost of revenue | | 5,203 | | | 5,255 | | | 10,569 | | | 7,293 | | | 28,320 | |
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Gross profit | | 3,064 | | | 2,267 | | | 5,874 | | | 3,114 | | | 14,319 | |
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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 | |
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Total operating expenses | | 3,596 | | | 3,430 | | | 3,425 | | | 3,541 | | | 13,992 | |
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Profit/(loss) from operations | | (532 | ) | | (1,163 | ) | | 2,449 | | | (427 | ) | | 327 | |
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Other expenses | | | | | |
| | Interest expense | | | (1 | ) | | (2 | ) | | - | | | (3 | ) |
| | Cost of integration | | - | | | - | | | - | | | - | | | - | |
| | Other income/expenses | | (19 | ) | | (3 | ) | | (7 | ) | | (7 | ) | | (36 | ) |
| | | | (19 | ) | | (4 | ) | | (9 | ) | | (7 | ) | | (39 | ) |
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| | Income/(loss) before taxes | | (551 | ) | | (1,167 | ) | | 2,440 | | | (434 | ) | | 288 | |
| | Income taxes | | - | | | - | | | (39 | ) | | - | | | (39 | ) |
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Net income | $ | (551 | ) | $ | (1,167 | ) | $ | 2,401 | | $ | (434 | ) | $ | 249 | |
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| | Depreciation & amortization | | 172 | | | 264 | | | 253 | | | 230 | | | 919 | |
| | Interest expense | | - | | | 1 | | | 2 | | | - | | | 3 | |
| | Income taxes | | - | | | - | | | 39 | | | - | | | 39 | |
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EBITDA | | (379 | ) | | (902 | ) | | 2,695 | | | (204 | ) | | 1,210 | |
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| | Non-cash compensation | | 159 | | | 166 | | | 152 | | | 207 | | | 684 | |
| | Cost of integration | | - | | | - | | | - | | | - | | | - | |
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Adjusted EBITDA | $ | (220 | ) | $ | (736 | ) | $ | 2,847 | | $ | 3 | | $ | 1,894 | |
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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 | % | |
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Contact Information:
Tom Wilkinson
Chief Financial Officer
(512) 637-1162
twilkinson@xploretech.com
Darrow Associates Investor Relations
(512) 696-6401
xplr@darrowir.com
