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 Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD
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 Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD
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

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