Contact Information:
Matt Kreps, Darrow Associates Investor Relations
(214) 597-8200
mkreps@darrowir.com
Tom Wilkinson
Chief Executive Officer
(512) 637-1162
XPLORE TECHNOLOGIES CORP.
Consolidated Balance Sheets—Unaudited
(in thousands)
|
March 31,
2018 |
March 31,
2017 | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 46 | $ | 3,460 | ||||
| Accounts receivable, net | 18,913 | 10,452 | ||||||
| Inventory, net | 25,616 | 12,858 | ||||||
| Prepaid expenses and other current assets | 1,140 | 469 | ||||||
| Total current assets | 45,715 | 27,239 | ||||||
| Fixed assets, net | 1,672 | 1,862 | ||||||
| Intangible assets, net | 1,065 | 1,425 | ||||||
| Goodwill | 15,159 | 15,159 | ||||||
| $ | 63,611 | $ | 45,685 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| LIABILITIES: | ||||||||
| Bank indebtedness | $ | 14,159 | $ | — | ||||
| Accrued payable | 10,006 | 7,342 | ||||||
| Accrued liabilities | 2,668 | 2,266 | ||||||
| Deferred revenue and current warranty liabilities | 3,074 | 3,145 | ||||||
| Total current liabilities | 29,907 | 12,753 | ||||||
| Deferred revenue and non-current warranty liabilities | 3,429 | 3,650 | ||||||
| Total liabilities | 33,336 | 16,403 | ||||||
| Commitments and contingencies | — | — | ||||||
| STOCKHOLDERS’ EQUITY: | ||||||||
| Preferred Stock, par value $0.001 per share; authorized 5,000; shares issued none | — | — | ||||||
| Common Stock, par value $0.001 per share; authorized 15,000; shares issued 11,086 and 10,970, respectively | 11 | 11 | ||||||
| Additional paid-in capital | 172,477 | 171,784 | ||||||
| Accumulated deficit | (142,213 | ) | (142,513 | ) | ||||
| 30,275 | 29,282 | |||||||
| $ | 63,611 | $ | 45,685 | |||||
