Xplore Technologies Reports Record Revenue for Fiscal Year 2016

 

XPLORE TECHNOLOGIES CORP.
 
Consolidated Statements of Cash Flows
 
(in thousands)
   Years Ended March 31, 
    2016    2015  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Cash provided by (used in) operations:          
Net income (loss) $(362) $249  
Items not affecting cash:          
Depreciation and amortization  1,730   919  
Provision for doubtful accounts  69   2  
Stock‑based compensation expense  2,156   684  
Equity instruments issued in exchange for services     2  
Changes in operating assets and liabilities:          
Accounts receivable  (329)  (453) 
Inventory  (1,180)  (643) 
Prepaid expenses and other current assets  (514)  126  
Accounts payable and accrued liabilities, including deferred revenue  (6,717)  1,508  
Net cash provided by (used in) operating activities  (5,147)  2,394  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Net cash received in purchase transaction  653      
Change in vendor liabilities  16      
Additions to fixed assets  (888)  (1,066) 
Net cash used in investing activities  (219)  (1,066) 
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Proceeds from short-term borrowings     18,000          
Repayment of short-term indebtedness     (27,098 )        
Net proceeds on issuance of Common Stock     603       12,727    
Net cash provided by (used in) financing activities     (8,495 )     12,727    
CHANGE IN CASH AND CASH EQUIVALENTS     (13,861 )     14,055    
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     19,455       5,400    
CASH AND CASH EQUIVALENTS, END OF PERIOD   $ 5,594     $ 19,455    
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:                    
Payments for interest   $ 58     $ 8    
Payments for income taxes, net of refunds   $ 8     $ 9    
                     
 Contact  Information:
Tom  Wilkinson,  Chief  Financial  Officer
Phone:  (512)  637-1162
Email:  twilkinson@xploretech.com

Darrow  Associates  Investor  Relations
Email:  xplr@darrowir.com 



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