XLRT Xplore Technologies Corp. featured news, full reports, and detailed charts
Xplore Technologies Corp. (XLRT/XLRT.OB) Wrap Up:
Xplore Technologies Corp. engineers, develops, integrates, and markets rugged mobile wireless PC computing systems primarily in North America and Europe. The company’s products include iX104 family of Tablet PCs with dual-mode (finger or pen), user accessible hard drive, duel-core technology, and Intel Centrino technology; and performance-matched accessories, including multiple docking station solutions, wireless connectivity alternatives, global positioning system modules, and biometric and smartcard modules, as well as peripherals, such as keyboards, mouses, and cases. Its products enable users to receive, collect, analyze, manipulate, and transmit information in various environments. The ...www.xploretech.com
Founded in 1985
Xplore Technologies Corp. (XLRT:OTC Bulletin Board Market)
LAST $0.11 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Xplore Technologies Corp. (XLRT)
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52 WEEK HIGH
06/16/09 - $0.38
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52 WEEK LOW
03/23/09 - $0.06
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MARKET CAP
12.4M
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AVERAGE VOLUME 3 mo
4.4K
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DILUTED EPS TTM
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SHARES OUTSTANDING
112.8M
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XLRT Does Not Pay Dividends
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XLRT Top Compensated Officers
Mr. Philip S. Sassower
Chairman, Chief Executive Officer, Member of ...
Age: 70
Total Annual Compensation: --
Mr. Mark Holleran
President and Chief Operating Officer
Age: 51
Total Annual Compensation: $363.4K
Mr. Michael J. Rapisand
Chief Financial Officer, Principal Accounting...
Age: 49
Total Annual Compensation: $180.0K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Xplore Technologies Corp. (XLRT)
Xplore Technologies Corp. Reports Earnings Results for the Full Year Ended March 31, 2009 and First Quarter Ended June 30, 2009
08/19/2009
Xplore Technologies Corp. reported earnings results for the full year ended March 31, 2009 and first quarter ended June 30, 2009. Revenue for the fiscal year ended March 31, 2009 was $22,627,000 as compared to $25,355,000 for the fiscal year ended March 31, 2008, a decrease of $2,728,000, or approximately 11%. The decrease in revenue consisted of a decrease in average selling price of approximately 9% offset by an increase in unit sales of approximately 2%. The revenue decline was principally due to the downturn in business during the last six months of fiscal year 2009 attributable to the current market and economic conditions. The net loss was approximately $11,217,000 or $0.15 per share and $7,078,000 or $0.11 per share for the year ended March 31, 2009 and 2008, respectively. Net cash used in operating activities for the years ended March 31, 2009 and 2008 were $6,239,000 and $6,165,000, respectively. Revenue for the three months ended June 30, 2009 was $4,994,000 as compared to $4,451,000 for the three months ended June 30, 2008, an increase of $543,000, or approximately 12%. The increase in revenue was attributable to an increase in unit sales of approximately 35% offset by a decline in average selling price of approximately 16%. The decline was attributable to lower pricing of older products, the impact of new lower priced products, special discounted pricing for a large volume sale and lower competitive pricing arising from current market conditions. Xplore also reported significant reductions in its net loss and net cash used by operating activities of approximately 68% and approximately 93%, respectively, for the three months ended June 30, 2009 as compared to the three months ended June 30, 2008. The net loss for the three months ended June 30, 2009 was $1,321,000 or $0.01 per common share as compared to a net loss of $4,103,000 or $0.06 per common share for the three months ended June 30, 2008. The net cash used in operating activities for the three months ended June 30, 2009 was $88,000 and significantly reduced compared to the net cash used in operating activities for the three months ended June 30, 2008 of $1,190,000.
Xplore Receives Contract from U.S. Industrial Services Supplier PSC
08/18/2009
Xplore Technologies Corp. announced a new contract with PSC for a roll-out of its iX104C4 tablet PC. More than 750 units are expected to ship during the roll-out, with 300 units delivered to date. The roll-out is scheduled to be complete by calendar Q2 2010. The company has been using the Xplore units to deliver electronic job standardization by service line, improved job tracking and job function baselines. Additional modules with be added in Q4 2009 including real time data management, web based reporting, and live asset management. The iX104C4 design implements best in class sunlight readable display technology, Dual Mode flexible user interface, redesigned antennae, new integrated wireless modules, Windows(R) XP Tablet PC Edition/Vista(R) Business compatibility and improved overall performance.
Xplore Technologies Corp. has Changed its Ticker to XLRT from XLRTE
08/17/2009
Effective August 17, 2009, Xplore Technologies Corp. changed its OTCBB stock ticker symbol to XLRT from XLRTE.
XLRT Competitors
| Company | Last | Change |
| Apple Inc | $199.92 USD | -0.59 |
| Dell Inc | $14.29 USD | -1.58 |
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Industry Analysis
| Valuation | XLRT | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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More Recent News About Xplore Technologies Corp.
More news for XLRT
Xplore Reports Second Quarter Results
AUSTIN, Texas--(BUSINESS WIRE)--Xplore Technologies Corp. (OTCBB: XLRT - News), a manufacturer of award-winning rugged tablet PCs, reported today revenue of approximately $5.2 million and $10.2 million for the three and six months ended September 30, 2009, respectively, as compared to approximately $8.1 million and $12.6 million for the three and six months ended September 30, 2008, respectively. Revenue in 2008 included the Company’s largest single order in history, which accounted for approximately $2.6 million in revenue. Mark Holleran, President and Chief Operating Officer of Xplore, noted: “We have successfully navigated the challenging environment during these last 12 months by quickly reacting to the deteriorating economy. Our cost reductions resulted in a dramatic improvement in our fiscal year to date loss from operations, which is approximately 69% lower than the comparable period in 2008. While our year to date sales did not meet last year’s levels as a result of the recessions in North America and Europe, we are beginning to see an improvement in our sales pipeline. We feel that Xplore is well positioned to take advantage of the expected economic turnaround in our target markets and to show improved performance in the second half of the current fiscal year.â€Gross profit for the three months ended September 30, 2009 was approximately $1.3 million (25.3% of rev...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation. Certain statements in our Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2009 and elsewhere in this Form 10-Q. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Overview You should read the following discussion and analysis in conjunction with our financial statements and notes included in this quarterly report on Form 10-Q. We engineer, develop, integrate and market rugged, mobile computing systems. Our products and...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financi
ITEM 1.01 Entry into a Material Definitive Agreement On November 5, 2009, Xplore Technologies Corp. (the "Company"), and its wholly owned subsidiary Xplore Technologies Corporation of America ("Subsidiary", together with the Company, the "Borrowers"), entered into a note purchase agreement (the "Note Purchase Agreement") pursuant to which the Borrowers could issue up to $3.3 million of senior secured subordinated promissory notes (the "Senior Notes") and warrants ( the "Warrants") to purchase up to 33,000,000 shares of the Company's common stock at an exercise price of $0.10 per share. Pursuant to the Note Purchase Agreement, the Borrowers issued Senior Notes in the aggregate principal amount of $3,210,000 and Warrants to purchase an aggregate of 32,100,000 shares of the Company's common stock in two separate closings on November 5, 2009 and November 9, 2009. Philip Sassower, the Company's Chairman and Chief Executive Officer, purchased $1.0 million of the Senior Notes and Warrants to purchase 10,000,000 shares in the private placement. The Senior Note and Warrant issued to Mr. Sassower were purchased with $830,000 in cash and the conversion of a secured demand note in the principal amount of $170,000 issued by the Borrowers to Mr. Sassower on October 13, 2009 (the "Sassower Demand Note"). The Senior Notes are due and payable in full on December 31, 2011 and bear interest at the rate of 10% per annum. Interest on the Senior Notes may be paid in cash or, at the option of the Company, shares of the Company's common stock. The Senior Notes are secured by all of the assets of the Borrowers and the indebtedness under the Senior Notes and the security interest granted by the Borrowers therein is senior to all indebtedness of the Borrowers other than the Borrowers' indebtedness to Silicon Valley Bank ("SVB"), the Company's senior lender, in connection with the Amended and Restated Loan and Secur...Click here to read the whole Article (external link)
Xplore Raises $3.21 Million in a Private Placement
AUSTIN, Texas--(BUSINESS WIRE)--Xplore Technologies Corp. (OTCBB:XLRT - News) (“Xplore†or the “Companyâ€) announced today that it raised $3.21 million in gross proceeds through the private placement of senior secured subordinated promissory notes and warrants to purchase 32,100,000 shares of its common stock. Philip S. Sassower, the Company’s Chairman and Chief Executive Officer, purchased $1.0 million of the secured promissory notes and warrants to purchase 10,000,000 shares of common stock in the private placement. “We are pleased with the strong investor response to this additional round of financing in this difficult economic climate,†stated Philip S. Sassower, Chairman and Chief Executive Officer of Xplore. “There are very significant large scale sales opportunities, including those in the military, currently being aggressively pursued by Xplore and we believe the Company may be on the cusp of capturing a significant portion of this business.†Mr. Sassower added, “The Company’s past cost reductions are now fully reflected in its financial results and its cash burn rate has been dramatically reduced. As the markets improve, we expect Xplore’s performance and cash flow to show improvement as well.â€The Company used $0.9 million of the net proceeds from the private placement to repay indebtedness to the Company’s senior l...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financi
ITEM 1.01 Entry into a Material Definitive Agreement On September 15, 2009, a wholly owned subsidiary of Xplore Technologies Corp. (the "Company"), entered into the Amended and Restated Loan and Security Agreement dated as of September 11, 2009 (the "A&R Loan Agreement"), by and between Xplore Technologies Corporation of America (the "Borrower") and Silicon Valley Bank ("SVB"). Pursuant to the A&R Loan Agreement, subject to SVB's sole discretion the Borrower may finance certain eligible U.S. and Canadian accounts receivable up to a maximum $4,000,000 (which we refer to as formula loans and may obtain an additional $1 million without regard to its borrowing base (which we refer to as non-formula loans). Borrowings under the A&R Loan Agreement will bear interest at SVB's prime rate plus 3.42% per annum with respect to formula loans and SVB's prime rate with respect to non-formula loans. The interest rate for formula loans may increase by approximately 0.72% if the Borrower's monthly quick ratio is less than one half percent. The Borrower will be obligated to repay each loan advance on the earliest of the date on which the financed receivable payment is received or the date on which the financed receivable becomes ineligible or 90 days past due. The A&R Loan Agreement has a maturity date of February 5, 2010, which will be extended to March 31, 2010 if the expiration date of the letter of credit provided by Philip Sassower, the Company's Chairman and Chief Executive Officer, and Susan Sassower, his wife (the "Supporting Letter of Credit Applicants"), is extended to April 30, 2010 (or later) by no later than December 31, 2009. The Supporting Letter of Credit Applicants have agreed to provide the Borrower with the extension of the expiration date of the letter of credit. Notwithstanding that, SVB or the Borrower may terminate the A&R Loan Agreement as any time. The A&R Loan Agreement also has a commitment fee o...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation. Certain statements in our Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008 and elsewhere in this Form 10-Q. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Overview You should read the following discussion and analysis in conjunction with our financial statements and notes included in this quarterly report on Form 10-Q. We engineer, develop, integrate and market rugged, mobile computing systems. Our products and...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation. Certain statements in our Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2008 and elsewhere in this Form 10-Q. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Overview You should read the following discussion and analysis in conjunction with our financial statements and notes included in this quarterly report on Form 10-Q. We engineer, develop, integrate and market rugged, mobile computing systems. Our products and...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. You should read the following discussion and analysis in conjunction with our financial statements and notes included in this annual report. This discussion contains, in addition to historical information, forward-looking statements that involve risks and uncertainty. Our actual results could differ materially from those anticipated in the forward-looking statements, including those discussed in "Risk Factors" and elsewhere in this annual report. General We engineer, develop, integrate and market rugged, mobile computing systems. Our products and features are designed to enhance the ability of persons to perform their jobs outside of traditional office settings. Our family of iX™ Tablet PC systems are designed to operate in challenging work environments, such as extreme temperatures, repeated vibrations or dirty and dusty conditions. Our systems can be fitted with a wide range of performance-matched accessories, including multiple docking station solutions, wireless connectivity alternatives, global positioning system modules, biometric and smartcard modules, as well as traditional peripherals like keyboards, mouses and cases. Our revenue is currently derived through the sale of our iX104 Systems in the rugged, mobile Tablet PC market. We believe this market is small relative to other rugged PC markets. We therefore intend to grow our revenue by entering into other rugged PC markets through the development of new rugged, mobile computing systems. We have been developing other new products, including the next generation of our iX104 Tablet PC featuring, among other things, a dual core processor and a sunlight readable display, which became available in September 2008, as well as, the Armadillo System for military markets, which became available in June 2009. In addition, we were developing a rugged, mobile notebook PC which required further design modificat...Click here to read the whole Article (external link)
XPLORE TECHNOLOGIES CORP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or St
ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On July 20, 2009, Xplore Technologies Corp. (the "Registrant") received an OTCBB Delinquency Notification from the Financial Industry Regulatory Authority notifying the Registrant that it was delinquent with respect to filing its Annual Report on Form 10-K for the year ended March 31, 2009 since the filing had not been made by the expiration of the grace period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The notification provides that, pursuant to NASD Rule 6530, unless the delinquent filing is received by the Securities and Exchange Commission's EDGAR system by 5:30 pm on August 14, 2009, the Registrant's common stock will not be eligible for quotation on the OTC Bulletin Board ("OTCBB") and will be removed effective August 18, 2009. The Registrant is not current in its reporting obligations. On June 29, 2009, the Registrant reported that it was delayed in filing its Annual Report on Form 10-K for the year ended March 31, 2009 because it is in negotiations with its senior lender with respect to an extension of the maturity date of borrowings under the Loan and Security Agreement, dated September 15, 2005, as amended (the "Loan Agreement") and, as a result, it is unable to complete the preparation of its audited financial statements for the year ended March 31, 2009. As of the date of this report, the maturity date of borrowings under the Loan Agreement is August 15, 2009. The Registrant continues to work to complete negotiations with its senior lender regarding a satisfactory extension of the maturity date of borrowings under the Loan Agreement and its audited financial statements. The Registrant intends to file its Annual Report on Form 10-K for the year ended March 31, 2009 as soon as practicable following the completion of such extension and its audited financial statements. In the eve...Click here to read the whole Article (external link)
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