Xplore Technologies Reports $0.09 Third Quarter EPS Before One-Time Charges

Conference Call
The company will conduct a conference call and webcast to review the results on Wednesday, February 7, 2018, at 4:30 p.m. ET. Interested parties in the United States can access the call by dialing 844-854-4410; interested parties outside the United States can access the call by dialing +1-412-858-4610. Callers should dial in at least 5 minutes prior to the all start time. A live and archived webcast will be available online in the investor relations section of Xplore’s website at www.xploretech.com. A replay of the conference call will be available until February 21, 2018, by calling 877-344-7529 from the United States or +1-412-317-0088 from outside the United States and entering conference ID number 10116738.

About Xplore Technologies
Xplore is The Rugged Tablet Authority™, exclusively manufacturing powerful, long-lasting, and customer-defined rugged tablet PCs since 1996. Today, Xplore offers the broadest portfolio of genuinely rugged tablets – and the most complete lineup of rugged tablet accessories – on Earth. Its mobility solutions are purpose-built for the energy, utilities, telecommunications, military and defense, manufacturing, distribution, public safety, healthcare, government, and field service sectors. The company’s award-winning military-grade computers are also among the most powerful and longest lasting in their class, built to withstand nearly any hazardous condition or environmental extreme for years without fail. Visit  www.xploretech.com for more information on how Xplore and its global channel partners engineer complete mobility solutions to meet specialized workflow demands. Follow us on  TwitterFacebookLinkedIn, and  YouTube.

Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect Xplore’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made including those factors detailed from time to time in filings made by Xplore with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Xplore does not intend and does not assume any obligation to update these forward-looking statements. 

Contact Information:

Matt Kreps, Darrow Associates Investor Relations
(214) 597-8200
mkreps@darrowir.com

Tom Wilkinson 
Chief Executive Officer
(512) 637-1162


 
XPLORE TECHNOLOGIES CORP.
Consolidated Balance Sheets 
(in thousands) 
   December 31,
2017
   March 31,
2017
 
ASSETS (unaudited)    
CURRENT ASSETS:      
Cash and cash equivalents  $18  $3,460 
Accounts receivable, net   23,233   10,452 
Inventory, net   26,726   12,858 
Prepaid expenses and other current assets   473   469 
Total current assets   50,450   27,239 
Fixed assets, net   1,681   1,862 
Intangible assets, net   1,155   1,425 
Goodwill   15,159   15,159 
 Total assets $68,455  $45,685 
LIABILITIES AND STOCKHOLDERS’ EQUITY        
LIABILITIES:        
Short-term indebtedness  $14,318  $ 
Accounts payable  10,228   7,342 
Accrued liabilities  6,670   2,266 
Deferred revenue and current warranty liabilities  2,913   3,145  
Total current liabilities     34,129       12,753  
Deferred revenue and non-current warranty liabilities     3,661       3,650  
Total liabilities     37,790       16,403  
Commitments and contingencies             
STOCKHOLDERS’ EQUITY:                
Preferred Stock, par value $0.001 per share; authorized 5,000; no shares issued            
Common Stock, par value $0.001 per share; authorized 15,000; shares issued and outstanding 11,021 and 10,908, respectively     11       11  
Additional paid-in capital      172,219       171,784  
Accumulated deficit     (141,575 )     (142,513 )
 Total stockholders’ equity     30,655       29,282  
 Total liabilities and stockholders’ equity   $ 68,445     $ 45,685  
                 

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