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


 
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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