XPLORE TECHNOLOGIES CORP.
Adjusted EBITDA Reconciliation—Unaudited
(in thousands)
| Three Months Ended March, 31 | ||||||||
| 2018 | 2017 | |||||||
| Net income (loss) | $ | (638 | ) | $ | (488 | ) | ||
| Income taxes | (21 | ) | - | |||||
| Interest expense | 179 | 17 | ||||||
| Depreciation and amortization | 400 | 403 | ||||||
| Stock-based compensation expense | 251 | 98 | ||||||
| ADJUSTED EBITDA | $ | 171 | $ | 30 | ||||
XPLORE TECHNOLOGIES CORP.
One-Time Charge Reconciliation—Unaudited
(in thousands, except per share amounts)
| Fiscal Year Ended March 31, 2018 | ||||||
| Net Income | Adjusted EBITDA | |||||
| Presented | $ | 300 | $ | 3,086 | ||
| Severance related costs | 575 | 575 | ||||
| Motion property tax | 91 | 91 | ||||
| Amounts before one-time charges | $ | 966 | $ | 3,752 | ||
| Per Share amounts before One Time Charges | $ | 0.09 | $ | 0.34 | ||
Xplore Technologies Quarterly Historical Information
| FY 2018 | |||||||||||||||||||||
| 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | YTD | |||||||||||||||||
| Revenue | $ | 19,998 | $ | 22,748 | $ | 23,853 | $ | 20,340 | $ | 86,939 | |||||||||||
| Cost of revenue | 13,812 | 16,395 | 16,233 | 14,607 | 61,047 | ||||||||||||||||
| Gross profit | 6,186 | 6,353 | 7,620 | 5,733 | 25,892 | ||||||||||||||||
| Expenses | |||||||||||||||||||||
| Sales, marketing and support | 3,201 | 3,166 | 3,803 | 4,269 | 14,439 | ||||||||||||||||
| Product research, development & engineering | 807 | 922 | 779 | 846 | 3,354 | ||||||||||||||||
| General administrative | 1,950 | 1,786 | 2,577 | 1,124 | 7,437 | ||||||||||||||||
| Total expenses | 5,958 | 5,874 | 6,006 | 6,239 | 25,230 | ||||||||||||||||
| Profit/(loss) from operations | 228 | 479 | 461 | (506 | ) | 662 | |||||||||||||||
| Other expenses | |||||||||||||||||||||
| Interest expense | (25 | ) | (79 | ) | (143 | ) | 179 | ) | (426 | ) | |||||||||||
| Other income/expenses | 36 | 7 | 2 | 26 | (7 | ) | |||||||||||||||
| 11 | (72 | ) | (141 | ) | (153 | ) | (355 | ) | |||||||||||||
| Income/(loss) before taxes | 239 | 407 | 320 | (659 | ) | 307 | |||||||||||||||
| Income taxes | - | (10 | ) | (18 | ) | 21 | (7 | ) | |||||||||||||
| Net income | $ | 239 | $ | 397 | $ | 302 | $ | (638 | ) | $ | 300 | ||||||||||
| Depreciation & amortization | 473 | 454 | 438 | 400 | 1,765 | ||||||||||||||||
| Interest expense | 25 | 79 | 143 | 179 | 426 | ||||||||||||||||
| Income taxes | - | 10 | 18 | (21 | ) | 7 | |||||||||||||||
| EBITDA | 737 | 940 | 901 | (80 | ) | 2,498 | |||||||||||||||
| Non-cash compensation | 102 | 113 | 122 | 251 | 588 | ||||||||||||||||
| Adjusted EBITDA | $ | 839 | $ | 1,053 | $ | 1,023 | $ | 171 | $ | 3,086 | |||||||||||
