Xplore Technologies Corp (NASDAQ:XPLR) Reports 4Q18 Loss Widen

Xplore Technologies Corp

Xplore Technologies Corp (NASDAQ:XPLR) headquartered in Austin, Texas, announced net loss for the fourth quarter of $ 638 million or $ 0.05 per share, compared to loss $ 488 million or $ 0.04 per share for the year-ago quarter.

Analysts from Thomson Reuters expected loss of $ 0.06 per share.

Top line figures for the fourth quarter rose 20% to $ 20.34 million from $ 16.95 million in the same quarter last year, where as analysts anticipated $ 18.57 million.

Tom Wilkinson, CEO, stated: As promised, we reported a strong finish to fiscal 2018, delivering an almost 12% increase in annual sales, positive GAAP net income for the year and significant progress on our transformation into a diversified, profitable rugged mobility company serving an addressable market in excess of $4 billion.

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