Xplore Technologies Reports Record Revenue for Fiscal Year 2016

                            

 

XPLORE TECHNOLOGIES CORP.
 
Consolidated Statements of Income and Operations
 
(in thousands, except shares and per share amounts)
 
   Years Ended March 31,
     2016    2015  
Revenue  $100,530  $42,639  
Cost of revenue  69,183   28,320  
Gross profit   31,347   14,319  
          
Expenses:         
Sales, marketing and support   15,096   6,352  
Product research, development and engineering   5,771   3,537  
General administration   9,427   4,103  
   30,294   13,992  
Income from operations   1,053   327  
           
Other income (expense):          
Interest expense   (58)  (8) 
Cost of integration  (913)     
Other income (expense)   (450)  (31) 
   (1,421)  (39) 
Income (loss) before income taxes   (368)  288  
Income tax (expense) benefit  6   (39) 
Net income (loss)  $(362) $249  
           
Income (loss) per common share, primary  $(0.03)   $ 0.03    
Income (loss) per common share, fully diluted    $ (0.03 )   $ 0.03    
Weighted average number of common shares outstanding, primary      10,848,255       8,603,732    
Weighted average number of common shares outstanding, fully diluted     10,848,255       8,759,113    
                   

 

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