Xplore Technologies Reports Record Revenue for Fiscal Year 2016

XPLORE TECHNOLOGIES CORP.

Consolidated Statements of Cash Flows

(in thousands)
	Years Ended March 31,
		2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash provided by (used in) operations:
Net income (loss)	$	(362	)	$	249
Items not affecting cash:
Depreciation and amortization		1,730			919
Provision for doubtful accounts		69			2
Stock‑based compensation expense		2,156			684
Equity instruments issued in exchange for services		—			2
Changes in operating assets and liabilities:
Accounts receivable		(329	)		(453	)
Inventory		(1,180	)		(643	)
Prepaid expenses and other current assets		(514	)		126
Accounts payable and accrued liabilities, including deferred revenue		(6,717	)		1,508
Net cash provided by (used in) operating activities		(5,147	)		2,394
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash received in purchase transaction		653			—
Change in vendor liabilities		16			—
Additions to fixed assets		(888	)		(1,066	)
Net cash used in investing activities		(219	)		(1,066	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term borrowings		18,000			—
Repayment of short-term indebtedness		(27,098	)		—
Net proceeds on issuance of Common Stock		603			12,727
Net cash provided by (used in) financing activities		(8,495	)		12,727
CHANGE IN CASH AND CASH EQUIVALENTS		(13,861	)		14,055
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		19,455			5,400
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	5,594		$	19,455
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Payments for interest	$	58		$	8
Payments for income taxes, net of refunds	$	8		$	9

 Contact  Information:
Tom  Wilkinson,  Chief  Financial  Officer
Phone:  (512)  637-1162
Email:  twilkinson@xploretech.com

Darrow  Associates  Investor  Relations
Email:  xplr@darrowir.com

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