Xata Corporation posted a net loss to common shareholders of $1.6 million, or 19 cents a share, during the fiscal fourth quarter, compared to a net loss of $0.4 million, or 5 cents a share, for the same period
of 2008.

The company broke even on its Earnings before Interest, Taxes, Depreciation, and Amortization, compared to EBITDA of $1.2 million, or 14 cents a share, for the three-month period of 2008.

The company reported revenue of $16.2 million for the quarter, compared to $17.7 million for the same period in fiscal 2008. The company attributes the decline to the sluggish economy's impact on systems revenue as this revenue declined 31 percent offset by a 21 percent growth in software revenue.

The company's software revenue grew by 56 percent compared to the same period of 2008.

"Lower new system sales activity for the fourth quarter and the settlement of an outstanding patent litigation claim led to a fourth quarter loss and breakeven EBITDA," said Mark Ties, chief financial officer of Xata. "Excluding the patent settlement, the fourth quarter results represent our third consecutive positive operating income quarter and seventh consecutive positive EBITDA quarter."

"Fiscal 2009 represented another strong year for Xata in what was one of the most difficult economic environments we have faced in some time," said Jay Coughlan, chairman and president of Xata Corporation. "We set out three years ago to increase deployed systems, increase revenue growth and improve profitability. As of the end of fiscal 2009 we now have over 73,000 total deployed systems, achieved a three year cumulative annual revenue growth rate of 29 percent and improved operating results in excess of $6.8 million over the same period."