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XATA CORPORATION REPORTS SECOND QUARTER RESULTS LOOKS OPTIMISTICALLY TO THIRD AND FOURTH QUARTER

 BURNSVILLE, Minn., May 14 /PRNewswire/ -- XATA Corporation announced a net loss of $383,659 on sales of $283,951 for the second quarter ended March 31, 1993, compared to a net loss $255,954 on sales of $243,365 for the comparable quarter ended March 31, 1992. For the six months ended March 31, 1993, the company had a net loss of $660,026 on sales of $647,359, compared to a net loss $431,016 on sales of $303,255 for the comparable prior year period, as summarized below:
 2nd Quarter Ended Six Months Ended
 3/31/93 3/31/92 3/31/93 3/31/93
 Sales $283,951 $243,365 $647,359 $303,255
 Operating (loss) (389,553) (234,046) (664,886) (438,065)
 Net (loss) $(383,659) $(225,954) $(660,026) $(431,016)
 Net (loss) per share $(.04) $(.03) $(.08) $(.07)
 Weighted average common
 shares outstanding 9,428,577 7,435,973 8,557,998 6,326,888
 The company stated that the sales increase during the second quarter of 19 percent as compared to the prior year second quarter period was below company expectations. Delivery of a significant order to a major customer, which was expected to ship in March, did not begin shipping until April. The sales increase of 113 percent for the six months compared to the prior year is attributable to increased sales of the company's XC2 version computer. The increase in operating loss for both periods as compared to the prior year is primarily due to greater operating expenses for development and increased sales efforts.
 The company anticipates third quarter revenues to be in excess of $700,000. In addition, sales momentum should continue during the fourth quarter, as a result of a recently signed contract, and sales to other customers who have now successfully completed evaluation of the company's products.
 XATA Corporation is engaged in the design, manufacture, and sale of programmable information systems to the truck fleet industry which utilizes a touch-screen computer and software to provide driver and management information, such as driver logs, state fuel tax reports, dispatch instruction, maintenance data fuel economy management.
 The company's securities are traded on the local over-the-counter market in Minneapolis-St. Paul.
 -0- 5/14/93
 /CONTACT: Arve Moser of XATA Corporation, 612-894-3680/


CO: XATA Corporation ST: Minnesota IN: CPR TRN SU: ERN

DB -- MN017 -- 8784 05/14/93 16:32 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:400
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