XPlore Resources Corp (XPLR)

Xplore Launches Aeromagnetic Survey at Surge, Adopts New Long-Term Incentive PlanMay 26, 2026 7:20 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore" or the "Company") is pleased to announce the commencement of a high-resolution airborne magnetic survey at its Surge Lithium Project in Northwestern Ontario. HighlightsHigh-resolution airborne magnetic survey now underway at the Surge Lithium Project in Northwestern OntarioSurvey extends full magnetic coverage to the northern and southern extents of the property, building on 2025 resultsPrior surveys and prospecting identified magnetic breaks correlating spatially with fractionated beryl-bearing LCT pegmatitesExtended magnetic coverage expected to highlight potential new exploration targets associated with fractionated LCT pegmatite systems across the propertyResults will refine future exploration planning along the Root Bay Lithium TrendHigh-Resolution Aeromagnetic SurveyThe survey will focus on extensions of previously completed magnetic surveys (see Xplore news release dated May 22, 2025) along the northern and southern extents of the Surge property (Figure 1).Figure 1: Existing and planned aeromagnetic survey coverage at the Surge Lithium Project, Northwestern Ontario. Coloured areas represent 2025 magnetic data; North and South Block outlines show planned 2026 survey extensions. LCT pegmatite and beryl-bearing LCT pegmatite occurrences identified during prospecting are shown. Adjacent Green Technology Metals Root Project deposits shown for reference.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7519/298768_a631d880342bcbc2_001full.jpgThis survey will build upon the high-resolution magnetic data previously collected on the property to fully map the magnetic responses of the rocks that underlie the Surge Lithium Project. Prior surveys documented abrupt magnetic breaks that dismembered laterally continuous greenstone and iron formation. A two-phase prospecting program completed in 2025 found these breaks correlate spatially with fractionated beryl-bearing pegmatitic granitoid dykes on the project.Devin Pickell, President and CEO of Xplore, commented: "Last year's magnetic survey showed us that the Root Bay lithium trend runs right through our property, and our prospecting confirmed that the magnetic signatures line up with lithium-bearing pegmatites on the ground. Now we're extending that coverage across the full property to pinpoint new targets. The more of this data we collect, the sharper our picture gets and the closer we get to a discovery along the Root Bay Lithium Trend."Long-Term Incentive PlanThe Board of Directors of the Company have approved and adopted a long-term incentive plan (the "LTIP"). The LTIP is a combined "rolling" and "fixed" Security Based Compensation Plan (as that term is defined in TSX Venture Exchange Policy 4.4) pursuant to which: (i) the aggregate number of common shares reserved for issuance pursuant to stock options granted thereunder may not exceed, at the time of grant, in aggregate 10% of the Company's issued and outstanding common shares, and (ii) the aggregate number of common shares reserved for issuance pursuant to all other equity incentive awards granted under the LTIP, which include performance share units, restricted share units and deferred share units, cannot exceed 5,260,150 common shares.The LTIP is subject to approval of the Company's shareholders, such approval to be sought at the Company's upcoming annual general meeting scheduled for June 4, 2026. The LTIP is also subject to the final acceptance of the TSX Venture Exchange.About the Surge Lithium ProjectThe Surge Lithium Project is Xplore's flagship property located in the rapidly emerging Root lithium district of northwestern Ontario. The project covers approximately 10 km of strike length along the eastern extension of the Root Bay-Root Bay East lithium trend and is strategically positioned adjacent to Green Technology Metals' Root Bay Project, which currently hosts a JORC-compliant resource of 14.6 Mt at 1.21% Li2O.High-resolution LiDAR combined with airborne magnetics have significantly improved the geological understanding of the Surge Project. Field mapping and prospecting have confirmed the presence of key structures and greenstone host rocks, with beryl-bearing LCT pegmatites on trend with Green Technology Metals' Root Bay Project.The technical content of this news release has been reviewed and approved by Devin Pickell, P.Geo., the President and CEO of the Company and a Qualified Person pursuant to National Instrument 43-101.About Xplore ResourcesXplore Resources is a North American lithium and copper exploration company listed on the TSX Venture Exchange under the symbol XPLR. The Company's flagship lithium property is the Surge Lithium Project, on trend and near two lithium deposits and just 25 m from a new lithium discovery. Copper property acquisitions in New Brunswick mark a new direction to diversify Xplore's critical mineral holdings. The Company is led by a highly experienced management team with a strong track record of growing shareholder value.ON BEHALF OF THE BOARD OF DIRECTORS,Devin Pickell, CEOXplore Resources Corp.For further information on Xplore, contact:
Telephone: 604-678-5308
Email: info@xploreresources.com
Website: www.xploreresources.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking InformationThis news release contains forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements in this news release include, but are not limited to, statements regarding the planned aeromagnetic survey and its expected results, the Company's exploration plans for the Surge Lithium Project, the anticipated approval of the LTIP by shareholders and the TSX Venture Exchange, and the scheduling of the Company's annual general meeting. Forward-looking statements are based on assumptions, estimates, expectations and opinions of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in forward-looking statements. These factors include, but are not limited to, the risks inherent in the mineral exploration industry, fluctuations in commodity prices, regulatory risks, uncertainties relating to obtaining necessary approvals and consents, and general economic, market and business conditions. The Company undertakes no obligation to update these forward-looking statements, except as required by law. Investors are cautioned that forward-looking statements are not guarantees of future performance.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298768 Original: Xplore Launches Aeromagnetic Survey at Surge, Adopts New Long-Term Incentive Plan

Form 4 buy. https://ih.advfn.com/p.php?pid=nmona&article=76261854&symbol=XPLR

* * $XPLR Video Chart 08-21-17 * *

Link to Video - click here to watch the technical chart video

Did colect 3,60's

Trading halt here?

Strange l2

Xplore Fulfills Initial $1.3M Order to Enable World’s First Android™ Tablet-Based Vehicle Safety and Emissions System

AUSTIN, Texas, Feb. 13, 2017 (GLOBE NEWSWIRE) -- Xplore Technologies Corp. (XPLR) today announced that it has fulfilled an initial $1.3 million order for its XSLATE D10 tablet PCs and is in the process of deploying them as part of the first rugged tablet-based vehicle safety and emissions system ever built for a public or private-sector emissions safety program. The completely mobile system, which is also the first to leverage an Android™ device, exclusively relies on Xplore XSLATE D10 fully rugged tablet PCs to power the field and back-office workflows of vehicle safety and emissions programs across the United States.

By April, inspection stations will be equipped with the D10-powered system in the first statewide deployment of this transformative new Automated Vehicle safety and emissions Program, which was engineered – and is being implemented – in cooperation with North America’s largest provider of decentralized and hybrid inspection program services. In addition, State Patrol officers will be utilizing the D10 rugged tablets to conduct their routine audits of the inspection stations and ensure compliance with government-mandated vehicle safety testing practices.

http://finance.yahoo.com/news/xplore-fulfills-initial-1-3m-133448963.html

Xplore Rugged Tablets Become First Mobile PC Platform to Improve Beer Delivery Process for Largest Distributor in Caribbean

AUSTIN, Texas, Feb. 07, 2017 (GLOBE NEWSWIRE) -- Xplore Technologies Corp.? (XPLR), manufacturer of the world’s most complete line of high quality rugged tablet computers, today announced that the largest beer distributor in the Caribbean has begun using Motion F5m by Xplore rugged tablets to track and schedule beer shipments among its 600 delivery trucks in the Dominican Republic. The company is also using F5m tablets to run an inventory control management application on its bottling lines and storage areas for the 20 brands it sells on behalf of its parent company, which is currently the largest beer distributor in Latin America and the fifth largest beer distributor in the world.

The Caribbean beer distributor, with the support of its parent company, first conducted a 30-day trial period to evaluate the performance of several manufacturers’ rugged tablet and handheld PC platforms across a series of distribution system workflows. Not only did the 10.4” F5m tablet meet the customer’s mandatory computer specifications – such as portability; a resilient, outdoor-viewable display; built-in barcode reader; and hot-swappable batteries – but it exceeded all rugged durability and connectivity technical requirements.

As a result, the parent company placed an order for F5m rugged tablets, along with carrying cases, extra batteries, and multi-bay chargers. Within just 60 days, their investment in Xplore’s solution delivered a 60 percent overall efficiency improvement across the Caribbean distributor’s six regional depots: Simply because they used the F5m tablets to automate the work order process and access real-time data shared between the trucks and the distribution centers.

http://finance.yahoo.com/news/xplore-rugged-tablets-become-first-140000988.html

Xplore Technologies Corp (XPLR) to Post Q1 2018 Earnings of ($0.05) Per Share, Roth Capital Forecasts

Xplore Technologies Corp (NASDAQ:XPLR) – Stock analysts at Roth Capital issued their Q1 2018 EPS estimates for Xplore Technologies Corp in a research report issued to clients and investors on Thursday. Roth Capital analyst W. Gibson anticipates that the firm will earn ($0.05) per share for the quarter. Roth Capital has a “Hold” rating and a $2.00 price target on the stock. Roth Capital also issued estimates for Xplore Technologies Corp’s Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.08 EPS and Q4 2018 earnings at $0.00 EPS.

Separately, Zacks Investment Research lowered Xplore Technologies Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th.
Institutional investors have recently modified their holdings of the company. AWM Investment Company Inc. raised its position in shares of Xplore Technologies Corp by 268.9% in the third quarter. AWM Investment Company Inc. now owns 368,902 shares of the company’s stock worth $885,000 after buying an additional 268,902 shares during the period. Vanguard Group Inc. raised its position in Xplore Technologies Corp by 21.7% in the second quarter. Vanguard Group Inc. now owns 354,429 shares of the company’s stock worth $851,000 after buying an additional 63,200 shares during the last quarter. G2 Investment Partners Management LLC raised its position in Xplore Technologies Corp by 16.8% in the third quarter. G2 Investment Partners Management LLC now owns 282,707 shares of the company’s stock worth $676,000 after buying an additional 40,737 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Xplore Technologies Corp during the second quarter worth $398,000. Finally, Russell Investments Group Ltd. bought a new position in Xplore Technologies Corp during the fourth quarter worth $142,000. Institutional investors own 25.80% of the company’s stock.

https://www.americanbankingnews.com/2017/02/06/xplore-technologies-corp-xplr-to-post-q1-2018-earnings-of-0-05-per-share-roth-capital-forecasts.html

Volatility Spiking as Shares Ride the Wave: Xplore Technologies Corp. (NASDAQ:XPLR)

Recent action on shares of Xplore Technologies Corp. (NASDAQ:XPLR) lands the stock on today’s most volatile list. In the current trading session, the stock has seen a change of -10.51% recently hitting $1.96.

Share prices are capable of moving sharply higher or lower in a very short amount of time. Keeping an eye on the volatile stocks may help spot market abnormalities.Based on data provided from analysts polled by Thomson Reuters, Xplore Technologies Corp. has a current consensus target price of 4.20. The current consensus analyst recommendation is sitting at 2.50 on company shares. Investors will likely be tracking any consensus estimate changes heading into the next earnings period.

After a recent spot-check, Xplore Technologies Corp. (NASDAQ:XPLR)’s ATR is 0.17. The Average True Range (ATR) is a measure of stock volatility. The Average True Range is an exponential moving average (14-days) of the True Range. The range of a day’s trading is high-low, and True Range expands into yesterday’s close when it lands outside of today’s range.

Taking a closer look into the volatility on shares of Xplore Technologies Corp. (NASDAQ:XPLR), we notice that the stock is -16.38% off of the 20-Day Simple Moving Average. Zooming out to the 50-Day Simple Moving Average, we can see a difference of -13.15% from current stock levels.

Going out even further, the 200-Day Simple Moving Average is recorded -21.82% away from the current share price. Company shares were recently noted -24.62% off of the 50-day high and -2.00% away from the 50-day low. Let’s also take a quick peek at the 52 week highs/lows. At present, the stock is -55.91% separated from the 52 week high and 7.69% from the low.


https://davidsonregister.com/volatility-spiking-as-shares-ride-the-wave-xplore-technologies-corp-nasdaqxplr/23426/

Xplore Technologies Invests in Customer Service, Expands Worldwide Service Organization
GlobeNewswire•January 24, 2017
AUSTIN, Texas, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Xplore Technologies Corp. (XPLR) today announced that it has completed a significant expansion of its global support and service organization in line with its growing global customer base. Over the last 12 months, the company has added four new Service Depots, three new Authorized Service Providers, and more than 10 toll-free numbers to connect rugged tablet customers in every region with the Customer Care Center for technical support and warranty processing.

http://finance.yahoo.com/news/xplore-technologies-invests-customer-expands-140000345.html

Xplore Technologies to Present at Source Capital Disruptive Growth Conference on February 16

AccesswireJanuary 31, 2017
AUSTIN, TX / ACCESSWIRE / January 31, 2017 / Xplore Technologies Corp. (XPLR), a global leader in rugged computing announced today that Philip Sassower, Chairman and CEO, and Tom Wilkinson, CFO, will present at the 2017 Disruptive Growth Conference on Thursday, February 16, 2017, at 10:00 am Eastern Time. The event will be held at Convene in New York, NY.


http://finance.yahoo.com/news/xplore-technologies-present-source-capital-140000382.html

Xplore Technologies Reports Profitable Fiscal Third Quarter 2017
GlobeNewswire•February 2, 2017
Revenue Increases 22% Sequentially, $0.2 Million GAAP Net Income, $5.7 Million Positive Cash Flow
Strong Backlog at $5.6 Million
AUSTIN, Texas, Feb. 02, 2017 (GLOBE NEWSWIRE) -- Xplore Technologies Corp. (XPLR), a global leader in rugged computing, today reported results for its fiscal 2017 third quarter ended December 31, 2016.
Fiscal Third Quarter and Recent Highlights:
• Reported revenue of $24.5 million, reflecting increased demand for multiple Xplore platforms, offset slightly by production capacity constraints caused by orders weighted heavily toward XSLATE D10 and Bobcat devices;
• Achieved gross margin of 27.4% for the quarter, and 28.2% year to date, which is in line with expectations;
• Held operating costs to $6.3 million, a decline of more than $1.3 million from the prior year quarter, in line with the company’s focus on increased operating efficiency;
• Reported GAAP net income of $219,000, or $0.02 per share, and adjusted EBITDA of positive $770,000;
• Announced multiple large follow-on orders, including a second follow on order in the past six months from a major telecommunications customer using Xplore’s XSLATE B10 platform and the second follow on order this year from a top-10 US electric utility provider
http://finance.yahoo.com/news/xplore-technologies-reports-profitable-fiscal-210100697.html

Xplore Technologies' (XPLR) CEO Philip Sassower on Q2 2016 Results - Earnings Call Transcript. http://seekingalpha.com/article/3682436-xplore-technologies-xplr-ceo-philip-sassower-on-q2-2016-results-earnings-call-transcript

http://seekingalpha.com/article/2924146-xplore-technologies-a-strong-buy-following-solid-q3-earnings XPLR a strong buy.

XLRT listed on NCM:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/25/2012&mkt_ctg=NON-OTCBB

What is the new ticker symbol

XLRTD: Offering did not occur; issue did not move to NCM. Reinstated on OTC.

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/12/2012&mkt_ctg=NON-OTCBB

XLRTD uplisted to NCM, ticker changed to XLRT:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/11/2012&mkt_ctg=NON-OTCBB

Effective tomorrow, one for 400 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/12/2012&mkt_ctg=NON-OTCBB

Yes, there is a RS coming. I would not buy in at the moment. However, I am going to keep an eye on it to see if they up-list.

Rs coming

It looks like they are trying to up list to a higher exchange. I don't own any shares at the moment, but I will keep an eye on this one.

XLRT - Looking for shareholder approval for a reverse split. From 8k filed 7/27/12:

"You are cordially invited to attend a Special Meeting of Stockholders of Xplore Technologies Corp., a Delaware corporation (“Xplore”), to be held at our executive offices, 14000 Summit Drive, Suite 900, Austin, Texas 78728, on ?, September ?, 2012, at 9:00 a.m., local time.

The Special Meeting will be held for the following purposes:

1. To consider and vote on proposals (the “Amendment Proposals”) to adopt: (i) an amendment to our Amended and Restated Certificate of Incorporation to effect a reverse stock split of our common stock in a range of not less than 1-for-325 and not more than 1-for-425; (ii) amendments to our Amended and Restated Certificate of Incorporation to (a) reduce the conversion price of each series of our preferred stock and (b) make inapplicable an anti-dilution adjustment that may otherwise be triggered by the reduction of the conversion price of each other series of our preferred stock in connection with this proposal; and (iii) a Second Amended and Restated Certificate of Incorporation which will integrate the then-in-effect provisions of our Amended and Restated Certificate of Incorporation and further amend those provisions by decreasing our authorized common stock and preferred stock. Copies of each Amendment Proposal are attached as Appendices A – C to the accompanying proxy statement.


2. To consider and vote on a proposal to adjourn the Special Meeting, if necessary or advisable, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve one or more of the Amendment Proposals."

whats up with this stock? Is it at a bottom

The Company has a variety of customers, and in any given year a single customer can account for a significant portion of sales. For the three months ended December 31, 2011, the Company had one customer located in the United States who accounted for more than 10% of total revenue and that same customer accounted for more than 10% of total revenue for the nine months ended December 31, 2011. For the three months ended December 31, 2010, the Company had one customer located in Germany who accounted for more than 10% of total revenue. For the nine months ended December 31, 2010, the Company had no customer who accounted for more than 10% of total revenue. Still looking...

Nope, not at the moment...let me take a look around... :)

Any idea who the utility company is?

XLRT Income Statement

XLRT Balance Sheet

As of January 31, 2012, the registrant had 221,825,552 shares of common stock outstanding.

XLRT NEWS! Xplore Receives Additional $3.5 Million Order from Major Utility Follows $14 Million Order Announced in November 2011

9:05a ET February 16, 2012 (Business Wire)

Xplore Technologies Corp. (OTCQB:XLRT) ("Xplore" or the "Company"), a manufacturer of award-winning rugged tablet PCs, announced today it has received a follow-on $3.5 million order from the major utility that previously ordered $14 million of Xplore's iX104C5 rugged tablet computers, as announced last November. The new order consists of C5 rugged tablet computers and the Company's xStands, a versatile desktop docking solution ideally suited for use in a variety of office environments.

Mark Holleran, President and Chief Operating Officer of Xplore said, "As expected, the initial order of C5 rugged tablets opened the door for additional sales opportunities at this Fortune 50 company. We believe that our willingness to listen to this customer, and to develop a superior rugged mobile solution that met its needs, was the key to securing this follow-on order and to our emerging success with our C5 line. Working directly with our customers and incorporating their feedback into the design of our computers has enabled us to produce what we believe is the best rugged PC available and a product that is rapidly gaining acceptance in the marketplace."

Philip Sassower, Chairman of the Board and Chief Executive Officer, of Xplore Technologies stated: "This second order is a very strong affirmation of our belief that we have built the best-in-class feature set for our new C5 line of rugged tablets and that the tablet form factor is gaining market share. While, in the past, the tablet was perceived as a novel device, we believe it has now become culturally accepted, and represents a more rugged alternative than notebooks for in-field applications and extreme conditions. We believe that we will continue to see increased acceptance of our products in the industries that we target."

The order is anticipated to be delivered over the next several quarters.

Additional financial information regarding Xplore's operating results for the fiscal 2012 first quarter is available in the Company's Form 10-Q filed with the Securities & Exchange Commission and is available at www.sec.gov.

About Xplore Technologies(R)

Xplore (www.xploretech.com) is engaged in the business of developing integrating and marketing mobile wireless PC computing systems. The Company's products enable the extension of traditional computing systems to a range of field and on-site personnel, regardless of location or environment. Using a range of wireless communication mediums together with the Company's rugged computing products, the Company's end-users are able to receive, collect, analyze, manipulate and transmit information in a variety of environments not suited to traditional non-rugged computing devices. The Company's end-users are in markets that include utility, warehousing/logistics, public safety, field service, transportation, oil and gas, manufacturing, route delivery, military and homeland security.

SOURCE: Xplore Technologies

Xplore Contact Information:
For Media or U.S. Investor Information Contact:
Martin Janis & Company, Inc.
Beverly Jedynak
Tel: (312) 943-1123 (Direct)
Email: bjedynak@janispr.com

Anyone know who the major utility is that they mention in the NOV 10th news release?

Have you spoken with the company or IR?

I have gotten no response from either one..........

I found out about this company yesterday and after doing a great amount of DD I've come to the conclusion that Xplore Technologies is probably the most underrated company out there right now. With revenues in the multi millions and a huge amount of growth potential, this stock should be trading far north of where it is at right now. The PR yesterday about the $14 million sale to a utility company proves this company is the real deal and is expanding. Once this sale commences, it will be the largest sale to date by Xplore. It is a good sign that their products are well liked and that hopefully more companies will hop on board and order Xplore's products.

I'm guessing that the stock price is trading where it is now for the reason that they have only occurred net losses in previous year end reports, due to the heavy amount of research and development costs. However, with this $14 million sale, they should become profitable and can, in my opinion, became a consistently profitable company in the future.

I'm looking to take a starter position here right now and am hoping for big things to come from Xplore! What are other's opinions about this stock and growth potential?

-Disher

Did any alerts go out on this that you know of? I haven't seen anyone mentioning XLRT.

I know they have an IR firm, but CNBC didn't cover the BREAKING NEWS yesterday........disappointing for sure.

thx

disappointment

no volume. this thing should be 15 cents right now.

Xplore Technologies iX104C5

Xplore seeks to extend tablet mania into the field with 5th generation ultra-rugged product
(by Conrad H. Blickenstorfer, with most photography by Carol Cotton)

Xplore Technologies Corp. of Austin, Texas has been making rugged tablet computers for about 15 years and they have sold about 100,000 of them, first the GeneSys line and then, since 2003, the iX104. This is a comprehensive review of the 5th generation of their flagship product, the iX104C5.

While tens of millions are now using sleek and elegant media tablets and analysts are predicting massive growth in the tablet market over the next several years, Xplore has always viewed tablets as serious tools for demanding jobs. That included making them tough enough to hold up under extreme conditions, and useful enough to bring true value to applications in such vertical markets as field service, law enforcement, fire/EMS, manufacturing, warehousing, military, transportation/distribution, utility/energy and wherever a tablet was a better choice than a laptop.

In the process, Xplore became one of the most innovative players in the ultra-rugged mobile computer field, pioneering such concepts as modular expansion pods, dual mode digitizers, and truly outdoor-viewable displays. It's now Xplore's hope that as demand for tablets is surging, so too will the need for rugged mobility solutions with technology advances that allow greater reach into extreme environments. To that extent, Xplore introduced the fifth generation iX104 line of ultra-rugged tablet computers in May of 2011.

http://ruggedpcreview.com/3_slates_xplore_ix104c5.html

Watershed event says CEO.......

"We believe an order of this magnitude is a watershed event for Xplore and indicates the superiority of Xplore’s fully rugged C5 tablet computer,” stated Philip Sassower, the Company’s Chairman of the Board and Chief Executive Officer.

Delivery expected first half of 2012.......

These C5 tablets are expected to be delivered during the first half of calendar 2012 and will be used to improve the productivity of the customer’s field service operations.

Is this UNDERVALUED......or what?

Xplore Reports FY 2011 Annual Results

Xplore Techs Corp (de) (QB) (USOTC:XLRT)
Intraday Stock Chart
Friday 24 June 2011


Xplore Technologies Corp. (OTCMarkets.com - XLRT), a manufacturer of award-winning rugged tablet PCs, today reported revenue of $17,759,000 for the fiscal year ended March 31, 2011, as compared to $21,940,000 for the fiscal year ended March 31, 2010, a decrease of approximately 19 percent.

Mark Holleran, President and Chief Operating Officer of Xplore said, “The decrease in revenue is attributable to a decrease in unit sales of approximately 15 percent and an additional decrease of approximately 6 percent in our average selling prices, due to product mix changes.” Mr. Holleran added that the delay in the launch of the company’s iX104C5 product family to fiscal 2012 resulted in “many of our customers delaying their orders until our new product line was available.”

Holleran noted that the initial response to the launch of the iX104C5 has been good, although he cautioned that the selling effort commenced late in the first quarter of fiscal 2012 and the selling cycle is such that expected revenue from the product launch should only begin to be fully reflected in the second half of fiscal 2012 (which would be the quarters ending in December 2011 and March 2012). “We are seeing a definite increase in interest for the new line among our existing customers and new customers,” Holleran affirmed.

Total gross profit decreased by $342,000 to $5,421,000, or 30.5 percent of revenue, compared to gross profit the previous year of $5,763,000, or 26.3 percent of revenue. The decrease in gross profit was attributable to the decrease in revenue and unit sales while the increase in gross profit percentage for the year, as compared to the prior year, was due to a more favorable product mix.

Operating expenses for the years ended March 31, 2011 and 2010 were $8,032,000 compared to $8,575,000, a decrease of approximately six percent. Research, development and engineering costs were reduced by approximately 24 percent as activities focused exclusively on the development of the new iX104C5 line of tablet computers. In addition, sales, marketing and support expenses increased 14 percent as the company prepared for the launch of the new product line in the first quarter of fiscal 2012. General administration expenses of $2,974,000 for fiscal 2011 were also reduced in fiscal 2011 by approximately eight percent from the $3,248,000 recorded in fiscal 2010.

The company’s net loss for the year ended March 31, 2011 was $6,389,000, or $0.04 per common share, compared to a net loss of $5,569,000, or $0.05 per common share, for the year ended March 31, 2010.

Additional financial information regarding Xplore’s operating results for fiscal 2011 is available in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission, which is available at www.sec.gov.

XLRT ~ More Than $14 Million in Orders

XPLORE Receives More Than $14 Million in C5 Purchase Orders from Major Utility

Xplore Technologies Corp. (OTCQB: XLRT) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced today that it has received purchase orders from one of the world’s largest utility companies for the purchase of more than 4,000 of the Company’s newly launched iX104C5 rugged tablet PCs, representing over $14 million in aggregate sales orders. These C5 tablets are expected to be delivered during the first half of calendar 2012 and will be used to improve the productivity of the customer’s field service operations.

“We believe an order of this magnitude is a watershed event for Xplore and indicates the superiority of Xplore’s fully rugged C5 tablet computer,” stated Philip Sassower, the Company’s Chairman of the Board and Chief Executive Officer. “We believe the best-in-class feature set of our new C5 tablet clearly differentiated Xplore from the rest of the competition in securing this order. Further, we believe that our family of offerings continues to favorably position Xplore to serve the expanding global rugged tablet PC market.”

Mark Holleran, President and Chief Operating Officer, said “Winning this order, the largest in our history, demonstrates Xplore’s ability to listen to the marketplace and develop superior rugged mobile solutions. We took direct input from a Fortune 50 company that understands the demands of rugged working environments and incorporated their feedback into the design of our new C5, resulting in what we believe is the best rugged PC available. The customer’s needs for its field service technicians were clear: maximize technician up-time in the field; communicate in real-time with their supervisors; order parts without returning to the depot; and update records, all in the most extreme working conditions. The C5 exceeded the customer’s expectations.”

Holleran added “we are very excited and extremely pleased with this new relationship. Prior to the receipt of the new orders, we have shipped approximately $1 million of product related to the test pilot program and another separate program initiative. We believe there are other significant opportunities for this customer that our C5 rugged tablet PC will be well-suited to address.”

http://ih.advfn.com/p.php?pid=nmona&article=49890834

what is do hot about this stock

XLRT lots of updates: http://www.otcmarkets.com/stock/XLRT/financials

No doubt it make have taken years to perfect... really not sure, but looks GREAT!!

I like the idea they have too - the product. But is it not easily replicable? Why can't Apple come in and offer the same thing? sure they don't have patents on rubber casings among other things?

ZAGG could do this. It is safe to say i have not done adequate research here but have just glanced over their site a few times.

Yup

they sure get some good news flow out here.

http://finance.yahoo.com/news/Xplore-Reports-FY-2011-Annual-bw-799063279.html?x=0&.v=1

correct