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 | |||||||||