Xata's Quarter Sees Slight Improvement

August 05, 2009

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Xata Corp.'s fiscal third quarter results showed somewhat stronger numbers in comparison to the same period a year ago.
The software company saw a revenue boost of 9 percent, settling at $17.6 million, versus $16.2 million during the same period of fiscal 2008.

Xata said it lost $62,000 in the quarter, an improvement from the $712,000 loss in the year-ago period.

"Our third quarter results continue to support the trucking industry's demand for software solutions that enhance fleet optimization and lower operating costs," said Jay Coughlan, chairman and president of Xata Corporation. "With over 71,000 systems deployed in the private fleet and for-hire segments of the trucking industry we remain focused on our goal of achieving a deployed system base in excess of 100,000 systems in the next few years."

The company says the increase in revenue was primarily due to a 22 percent rise in software revenue and the acquisition of six new customers during the period.

"Our third quarter results continue to show our commitment to achieving profitability as we just delivered our sixth consecutive EBITDA positive quarter," said Mark Ties, chief financial officer of Xata. "We remain focused on improving our profitability while remaining opportunistic in investing in revenue growth."

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