Xplore Technologies Reports Fiscal 2012 Results (6/25/12)
Xplore Technologies reported its results for fiscal 2012. The company’s fourth quarter of fiscal 2012 represented its second consecutive profitable quarter, the first time this accomplishment has occurred in the company’s 16-year history.
For the three months ended March 31, Xplore recorded revenue of $10.8 million and net income of $1.3 million. The fourth quarter’s revenue represented the largest amount of revenue for any quarter in Xplore’s history, and follows revenue of $8.9 million in the fiscal third quarter ended Dec 31.
“We introduced the iX104C5 line late in our fiscal first quarter of 2012, and in the third and fourth fiscal quarters we announced approximately $20.3 million in purchase orders,” said Mark Holleran, president and CEO. “One purchase order represented more than $14 million in aggregate sales from one of the world’s largest utility companies, followed by our receipt of an additional $3.5 million purchase order shortly thereafter from the same utility company and another purchase order for more than $2.8 million from one of the largest conventional oil and natural gas producers in North America.”
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