Printer Friendly

XATA CORPORATION ANNOUNCES RESULTS

 XATA CORPORATION ANNOUNCES RESULTS
 BURNSVILLE, Minn., Aug. 14 /PRNewswire/ -- XATA Corporation


announced a net loss of $135,435 on sales of $224,561 for the third quarter ended June 30, 1992, compared to a net loss of $178,319 on sales of $116,073 for the comparable period ended June 30, 1991. For the nine months ended June 30, 1992, the company had a net loss of $556,451 on sales of $527,816, compared to a net loss of $537,937 on sales of $229,500 for the nine months ended June 30, 1991, as summarized below.
 XATA CORPORATION
 Third Quarter Ended Nine Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Sales $224,561 $116,073 $527,816 $229,500
 Operating (loss) (139,152) (175,029) (500,855) (464,188)
 Net (loss) $(135,435) $(178,319) $(566,451) $(537,937)
 Net (loss) per share $(.02) $(.04) $(.08) $(.15)
 Weighted average common
 shares outstanding 7,435,973 4,219,749 6,700,602 3,581,992
 The company stated that the operating loss was primarily due to increased sales effort, increases in staff from 8 to 15 employees, and expenses related to the merger of the company and Northwest Acquisitions, Inc. on Dec. 5, 1991.
 XATA Corporation in engaged in the design, manufacture and distribution of information systems to the truck fleet industry which utilizes a proprietary programmable onboard computer and software to provide driver and management information, such as driver logs, state fuel tax reports, dispatch instruction, maintenance data and fuel economy management.
 The company's securities are traded on the local over-the-counter market in Minneapolis/St. Paul.
 -0- 8/14/92
 /CONTACT: Arve E. Moser of XATA, 612-894-3680/ CO: XATA Corporation ST: Minnesota IN: CPR SU: ERN


KH -- MN014 -- 0092 08/14/92 14:27 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 14, 1992
Words:303
Previous Article:KIMMINS ENVIRONMENTAL SERVICE CORP. ANNOUNCES RECORD DATE FOR SPIN-OFF OF ITS SURETY OPERATIONS
Next Article:TRIBUNE NEWSPAPER COMPANY NAMES JAMES O'DELL TO GROUP VP OPERATIONS AND TECHNOLOGY
Topics:


Related Articles
XATA CORPORATION REPORTS FIRST QUARTER RESULTS
XATA CORPORATION REPORTS FOURTH QUARTER AND ANNUAL RESULTS
XATA CORPORATION REPORTS RECORD SALES IN FOURTH QUARTER
XATA CORPORATION REPORTS A PROFITABLE FIRST QUARTER ON RECORD SALES OF $1.4 MILLION
XATA CORPORATION REPORTS PROFITABLE SECOND QUARTER ON RECORD QUARTERLY REVENUES OF $1.7 MILLION
XATA CORPORATION ANNOUNCES UNDERWRITER'S EXERCISE OF OVER-ALLOTMENT OPTION
XATA Corporation Reports Third Quarter Results
XATA Corporation Reports Record Fourth Quarter and Full Year Results
XATA Corporation Reports First Quarter Results
XATA Corporation Reports Second Quarter Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters