Xplore Technologies Reports $0.09 Third Quarter EPS Before One-Time Charges
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XPLORE TECHNOLOGIES CORP. | |
Consolidated Statements of Profit and Loss—Unaudited | |
(in thousands of dollars, except share and per share amounts) | | | | | | | | | | | |
Three Months Ended | | |
Nine Months Ended | | | | |
December 31, 2017 | | |
December 31, 2016 | | |
December 31, 2017 | | |
December 31, 2016 | | | | | | | | | | | | | | | | | Revenue | | $ | 23,853 | | | $ | 24,499 | | | $ | 66,599 | | | $ | 60,979 | | | Cost of revenue | | | 16,233 | | | | 17,784 | | | | 46,440 | | | | 43,764 | | | Gross profit | | | 7,620 | | | | 6,715 | | | | 20,159 | | | | 17,215 | | | | | | | | | | | | | | | | | | | | | Expenses: | | | | | | | | | | | | | | | | | | Sales, marketing and support | | | 3,803 | | | | 3,153 | | | | 10,170 | | | | 9,484 | | | Product research, development and engineering | | | 779 | | | | 1,303 | | | | 2,508 | | | | 3,573 | | | General administration | | | 2,577 | | | | 1,816 | | | | 6,313 | | | | 5,723 | | | | | | 7,159 | | | | 6,272 | | | | 18,991 | | | | 18,780 | | | Income (loss) from operations | | | 461 | | | | 443 | | | | 1,168 | | | | (1,565 | ) | | | | | | | | | | | | | | | | | | | | Other income (expense): | | | | | | | | | | | | | | | | | | Other | | | 2 | | | | (96 | ) | | | 45 | | | | (214 | ) | | Interest expense | | | (143 | ) | | | (79 | ) | | | (247 | ) | | | (156 | ) | | | | | (141 | ) | | | (175 | ) | | | 202 | | | | (370 | ) | | Income (loss) before income taxes | | | 320 | | | | 268 | | | | 966 | | | | (1,935 | ) | | Income tax (expense) benefit | | | (18 | ) | | | (49 | ) | | | (28 | ) | | | (129 | ) | | Net income (loss) | | $ | 302 | | | $ | 219 | | | $ | 938 | | | $ | (2,064 | ) | | | | | | | | | | | | | | | | | | | | Income (loss) per common share, basic | | $ | 0.03 | | | $ | 0.02 | | | $ | 0.09 | | | $ | (0.19 | ) | | | | | | | | | | | | | | | | | | | | Income (loss) per common share, fully diluted | | $ | 0.03 | | | $ | 0.02 | | | $ | 0.09 | | | $ | (0.19 | ) | | Weighted average number of common shares outstanding, basic | | | 11,020,905 | | | | 10,947,329 | | | | 11,005,347 | | | | 10,927,477 | | | Weighted average number of common shares outstanding, fully diluted | | | 11,026, 977 | | | | 10,950,390 | | | | 11,011,419 | | | | 10,927,477 | | | | | | | | | | | | | | | | | | | |
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