XATA Corp., a Minneapolis-based leader in onboard fleet management solutions for the commercial trucking industry, has reported net sales of $3.1 million for its third fiscal quarter ended June 30
compared to net sales of $2.7 million in the third quarter of fiscal 2002.
The net loss for the quarter was $1.0 million, or $0.15 per share on a basic and diluted share basis, compared to a let loss of $1.8 million, or $0.26 per share, in the third quarter of fiscal 2002.
For the nine months ended June 30, revenue was $7.8 million, compared to $10.3 million for the prior-year nine-month period. The net loss for the nine-month period was $3.2 million, or $0.47 per share on a basic and diluted share basis, compared to a net loss of $3.0 million, or $0.44 per share, for the prior-year nine-month period.
"We are encouraged to report a modest rebound in sales for our third fiscal quarter, particularly for our OpCenter fleet management solution, said Craig Fawcett, XATA president and chief executive officer. "Furthermore, we are pleased with the initial demand for our XATANET 2.0 web-based solution. We are taking a disciplined approach to the market deployment of XATANET to ensure that each of our early customers is 100% satisfied. Because of this approach, unit shipments to date have been modest, but our pipeline for XATANET continues to grow."
A pioneer in onboard fleet management solutions since 1985, XATA said it was the first to introduce paperless driver logs, exception-based reporting and dynamically updated fleet standards to the trucking industry.
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