Emerging Technology

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.

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 margin33.9%28.1%32.7%30.3%31.2%
Operating margin1.5%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 margin37.1%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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