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XATA CORPORATION REPORTS PROFITABLE THIRD QUARTER RESULTS

 BURNSVILLE, Minn., July 14 /PRNewswire/ -- XATA Corporation announced net income of $27,336 on sales of $986,644 for the third quarter ended June 30, 1993, compared to a net loss of $135,435 on sales of $224,561 for the comparable quarter ended June 30, 1992. For the nine months ended June 30, 1993, the company incurred a net loss of $632,690 on sales of $1,634,004, compared to a net loss of $566,451 on sales of $527,816 for the comparable prior year period, as summarized below:
 XATA CORPORATION RESULTS
 Third Quarter Ended Nine Months Ended
 6/30/93 6/30/92 6/30/93 6/30/92
 Sales $986,644 $224,561 $1,634,004 $527,816
 Operating income (loss) 25,792 (139,152) (639,094) (577,217)
 Net income (loss) 27,336 (135,435) (632,690) (566,451)
 Net income (loss) per share $.00 $(.02) $(.07) $(.08)
 Weighted average common
 shares outstanding 9,428,577 7,435,973 8,854,491 6,700,602
 The company stated that it was pleased with its first profitable quarter ever and its significant increase in sales. The 339 percent sales increase over the prior year quarter was attributable to sales to customers who had successfully completed their evaluation of the company's products and to increased awareness of XATA's product capability in the trucking industry.
 The company anticipates continued revenue growth during the fourth quarter.
 XATA Corporation is engaged in the design, manufacture and sale of programmable information systems to the truck fleet industry which utilize touch-screen computers, accessories and related software components 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- 7/14/93
 /CONTACT: Arve Moser of XATA Corporation, 612-894-3680/


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

KH -- MN010 -- 1351 07/14/93 11:33 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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