Aftermarket

Xata Reports Third Quarter Results

August 28, 2008

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Xata Corp. reported a 103 percent increase in sales for the third quarter ended June 30, as sales increased to $16.2 million from $8 million for the same period in fiscal 2007.


Comparable third quarter year-over-year sales increased 36 percent, primarily driven by an 84 percent growth from the company's Xatanet Web-based software platform. For the third quarter, Geologic Solutions MobileMax sales represented approximately $5.3 million of the total revenue. The company acquired 15 new customers in the third quarter.

For the third quarter recurring revenue, including monthly subscriptions from XataNet and monthly fees from our MobileMax and OpCenter product lines, accounted for 45 percent of total sales compared to 35 percent for the same period in fiscal 2007.

For the third quarter of fiscal 2008, the company improved EBITDA (earnings before interest (net), taxes, depreciation, amortization, stock based compensation and preferred stock dividends and deemed dividends) performance by $0.15 per diluted share, reporting EBITDA of $0.12 per diluted share as the company continues to stride to profitability compared to an EBITDA loss of $0.03 per diluted share for the same period of fiscal 2007.

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