| XPLORE TECHNOLOGIES CORP. | |||||||||
| Adjusted EBITDA Reconciliation—Unaudited | |||||||||
| (in thousands) | |||||||||
|
Three Months Ended
June 30, | |||||||||
| 2016 | 2015 | ||||||||
| Net loss | $ | (1,747 | ) | $ | (244 | ) | |||
| Income taxes | 80 | — | |||||||
| Interest expense | 8 | 6 | |||||||
| Depreciation and amortization | 348 | 358 | |||||||
| Stock-based compensation expense | 175 | 607 | |||||||
| Cost of integration | — | 670 | |||||||
| ADJUSTED EBITDA | $ | (1,136 | ) | $ | 1,397 | ||||
| Xplore Technologies Quarterly Historical Information | |||||||||||
| FY 2017 | |||||||||||
| 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | YTD | |||||||
| Revenue | $ | 16,473 | $ | 16,473 | |||||||
| Cost of revenue | 11,609 | 11,609 | |||||||||
| Gross profit | 4,864 | 4,884 | |||||||||
| Expenses | |||||||||||
| Sales, marketing and support | 3,435 | 3,435 | |||||||||
| Product research, development & engineering | 953 | 953 | |||||||||
| General administrative | 2,039 | 2,039 | |||||||||
| Total operating expenses | (6,427 | ) | (6,427 | ) | |||||||
| Profit/(loss) from operations | (1,563 | ) | (1,563 | ) | |||||||
| Other expenses | |||||||||||
| Interest expense | (6 | ) | (6 | ) | |||||||
| Cost of integration | (670 | ) | (670 | ) | |||||||
| Other income/expenses | (80 | ) | (80 | ) | |||||||
| (104 | ) | (104 | ) | ||||||||
| Income/(loss) before taxes | (1,667 | ) | (1,667 | ) | |||||||
| Income taxes | (80 | ) | (80 | ) | |||||||
| Net income | $ | (1,747 | ) | $ | (362 | ) | |||||
| Depreciation & amortization | 348 | 348 | |||||||||
| Interest expense | 8 | 8 | |||||||||
| Income taxes | 80 | 80 | |||||||||
| EBITDA | (1,311 | ) | (1,311 | ) | |||||||
| Non-cash compensation | 175 | 175 | |||||||||
| Cost of integration | - | - | |||||||||
| Adjusted EBITDA | $ | (1,136 | ) | $ | (1,136 | ) | |||||
| Key Statistics | |||||||||||
| Gross margin | 29.5 | % | 29.5 | % | |||||||
| Operating margin | -9.5 | % | -9.5 | % | |||||||
| Periodic revenue % | N/A | N/A | |||||||||
| Quarter over Quarter | |||||||||||
| Revenue Change % | -20.1 | % | |||||||||
