Xata Reports Fiscal 2Q Loss
Subscriptions in Xatanet System Gain, Company Says
Transportation technology firm Xata Corp. said it lost $921,000 or 12 cents a share in its fiscal second quarter, compared with earning $19,000 or zero cents a year ago.
Net sales for the quarter ended March 31 dipped to $8.2 million from $8.4 million, the company said in a statement.
Revenue growth in its Xatanet system jumped 87% from a year ago, Xata said.
For the six-month period ended March 31, Xatanet subscriptions rose 7% to $15.9 million.
