| XPLORE TECHNOLOGIES CORP. | ||||||||
| Adjusted EBITDA Reconciliation—Unaudited | ||||||||
| (in thousands) | ||||||||
|
Three Months Ended
September 30, | ||||||||
| 2016 | 2015 | |||||||
| Net loss | $ | (536 | ) | $ | 98 | |||
| Income taxes | — | — | ||||||
| Interest expense | 69 | 52 | ||||||
| Depreciation and amortization | 456 | 457 | ||||||
| Stock-based compensation expense | 127 | 492 | ||||||
| Cost of integration | — | 122 | ||||||
| ADJUSTED EBITDA | $ | 116 | $ | 1,221 | ||||
|
Six Months Ended
September 30, | ||||||||
| 2016 | 2015 | |||||||
| Net loss | $ | (2,283 | ) | $ | (146 | ) | ||
| Income taxes | 80 | — | ||||||
| Interest expense | 77 | 58 | ||||||
| Depreciation and amortization | 804 | 815 | ||||||
| Stock-based compensation expense | 302 | 1,099 | ||||||
| Cost of integration | — | 792 | ||||||
| ADJUSTED EBITDA | $ | (979 | ) | $ | 2,618 | |||
| XPLORE TECHNOLOGIES CORP. | ||||||||
| Supplemental Three Months Consolidated Statements of Cash Flows—Unaudited | ||||||||
| (in thousands) | ||||||||
|
Three Months Ended
September 30, | ||||||||
| 2016 | 2015 | |||||||
| Net loss | $ | (536 | ) | $ | 98 | |||
| Items not affecting cash: | ||||||||
| Depreciation and amortization | 456 | 457 | ||||||
| Provision for doubtful accounts | (67 | ) | 108 | |||||
| Stock based compensation expense | 127 | 492 | ||||||
| Other adjustments to cash used in operations | (3,862 | ) | (4,383 | ) | ||||
| Net cash used in operating activities | (3,882 | ) | (3,228 | ) | ||||
| Net cash used in investing activities | (245 | ) | (176 | ) | ||||
| Net cash provided by(used in) financing activities | 3,164 | (3,726 | ) | |||||
| Change in cash and cash equivalents | $ | (963 | ) | $ | (7,130 | ) | ||
