Xata Corp. reported deeper year-over-year losses for the first quarter of 2012, its second fiscal quarter.
Net loss to common shareholders for the second quarter of fiscal 2012 was $2.1 million, compared to a loss of $0.8 million for the same period of fiscal 2011. The company reported a loss of 20 cents per diluted share for the quarter, compared to a loss of 7 cents per diluted share for the same period of fiscal 2011.
Total revenue was $15.9 million for the quarter ended March 31, 2012, compared to $16.7 million for the same period of fiscal 2011.
Software revenue increased $0.3 million to $11.7 million for the quarter. The 3% growth in software revenue was fueled by a 40% growth in Xata Turnpike software revenue.
Higher margin software revenues increased with the popularity of the no-upfront-hardware-cost Xata Turnpike solution rather than the hardware-based XataNet solution. As a result, quarter software revenue accounted for approximately 74% of total revenue, compared to 68% for the same period of fiscal 2011.
Xata acquired 61 new customers this past quarter, with the majority selecting the Xata Turnpike solution.
Net loss to common shareholders for the second quarter of fiscal 2012 was $2.1 million, compared to a loss of $0.8 million for the same period of fiscal 2011. The company reported a loss of 20 cents per diluted share for the quarter, compared to a loss of 7 cents per diluted share for the same period of fiscal 2011.
Total revenue was $15.9 million for the quarter ended March 31, 2012, compared to $16.7 million for the same period of fiscal 2011.
Software revenue increased $0.3 million to $11.7 million for the quarter. The 3% growth in software revenue was fueled by a 40% growth in Xata Turnpike software revenue.
Higher margin software revenues increased with the popularity of the no-upfront-hardware-cost Xata Turnpike solution rather than the hardware-based XataNet solution. As a result, quarter software revenue accounted for approximately 74% of total revenue, compared to 68% for the same period of fiscal 2011.
Xata acquired 61 new customers this past quarter, with the majority selecting the Xata Turnpike solution.
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