XATA Corp., provider of management systems for private fleets, reported net sales of $5.9 million in its fourth quarter of fiscal 2004, which ended Sept. 30, 2004, compared to $3.6 million in the fourth quarter of fiscal 2003.

The company reported a net loss of $439,000, or $0.07 per share on a basic and diluted basis, for the fourth fiscal quarter and a net loss of $1.2 million, or $0.19 per share, for the 2004 fiscal year, versus a net loss of $548,000, or $0.08 per share on a basic and diluted basis, for the fourth fiscal quarter of 2003 and a net loss of $3.8 million, or $0.55 per share, for the 2003 fiscal year.
For the 2004 fiscal year ended Sept. 30, 2004, net sales were a record $18.9 million, compared to $11.4 million for fiscal 2003. “We completed our fiscal 2004 with strong fourth quarter sales, the addition of many new customers for both our OpCenter and XATANET products, the completion of several important product initiatives and a solid balance sheet”, said XATA president and chief executive officer Craig Fawcett.
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