Xplore Technologies Reports Fiscal First Quarter 2017 Results

XPLORE TECHNOLOGIES CORP.
Consolidated Statements of Loss—Unaudited
(in thousands of dollars, except share and per share amounts)
 
     Three Months Ended  
     June 30,
2016
  June 30,
2015
 
            
Revenue   $16,473  $24,043  
Cost of revenue    11,609   15,893  
Gross profit   4,864   8,150  
       
Expenses:      
Sales, marketing and support   3,435   3,620  
Product research, development and engineering    953   1,830  
General administration    2,039   2,331  
    6,427   7.781  
Income (loss) from operations    (1,563)  369  
             
Other income (expense):            
Other    (96)  63  
Cost of integration      (670) 
           
Interest expense    (8)  (6) 
    (104)  (613) 
Loss before income taxes       (1,667 )     (244 )  
Income tax (expense)        (80 )        
Net loss     $ (1,747 )   $ (244 )  
Loss per common share      $ (0.16 )   $ (0.02 )  
Weighted average number of common shares outstanding, basic and fully diluted        10,908,355       10,789,967    
                     

 

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