EmergingGrowth.com, a leading digital financial media company, Reports on Explore Technologies Corp (NASDAQ: XPLR), Trimble Navigation (NASDAQ: TRMB) and Motorola Solutions, Inc. (NYSE: MSI).
Feature your company on EmergingGrowth.com. Click here to find out how.
Xplore Technologies, Corporation (NASDAQ: XPLR), EmergingGrowth.com Stock Pick
As awareness and growing demand for tablet computers increased, related industries benefited as well. One of such is the rugged tablet market. It grew by 30.1% over the year-ago-quarter, experiencing double-digit growth across all regions. One of the leading companies in the sector is Xplore Technologies Corporation (NASDAQ: XPLR).
Xplore Technologies (NASDAQ: XPLR) is engaged in the business of developing, integrating, and marketing mobile wireless tablet PC computing systems. Using a range of wireless communication media, 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. It has commercial and government clients such as Wyoming Dept of Health, Minlog Australia, McCusker & Company, South Dakota School of Mines and Technology (SDSM&T) , and others.
Over the past few years, the company has emerged as a recognized force in the tablet sector. For the three months ended September 30, 2012, Xplore reported revenues of $7.5 million compared to $5.1 million for the same period last year, an increase of 47%. For the six months ended September 30, 2012, revenue was $17.4 million compared to $7.8 million for the same period last year, an increase of 124%. The increase in revenue for the six months ended September 30, 2012 was the result of an increase in unit sales and average sales price. The unit sales increase was attributable to the fulfillment of a portion of significant purchase orders from one of the world’s largest telecommunication companies. Xplore reported net income for the period ended September 30, 2012 of $277,000, compared with a net loss of $2.1 million for the same period last year.
“This quarter makes our fourth consecutive quarter of profitability,” said Phillip Sassower, CEO of Xplore Technologies. “We are recognized in the marketplace as the experts in rugged tablets, a result of our more than 16 years track record of developing tablet personal computers that surpass the standard that are accepted benchmarks for rugged tablets in today’s marketplace.”
Rugged also recently announced that it received a multimillion-dollar purchase order for the U.S. military. The purchase order is for over 900 of the company’s iX104C5M rugged Windows tablets. Delivery of the products is expected to occur over the next several months.
Given the confluence of positive factors, some analysts have predicted Xplore (NASDAQ: XPLR) is headed for explosive growth in the near future, and that it should be considered by investors for their portfolio.
Also keep an eye on Trimble Navigation (NASDAQ: TRMB) and Motorola Solutions, Inc (NYSE: MSI)
Trimble Navigation (NASDAQ: TRMB) after its recent downgrade from Buy to Neutral by Lazard Capital. The stock has traded bullishly since the downgrade, however year-end, and post year-end profit taking will most likely settle in.
Google (NASDAQ: GOOG) recently announced that it would sell Motorola Solutions (NYSE: MOT) Set Top business to Arris Group for $2.35 Billion who is looking to become a larger player in the field by delivering video to it’s customer base. Motorola’s stock has been up roughly 25% since January this year could see a nice pull back coming into the new year.
By offering 100% original and unmatched content by the best financial reporters, writers and bloggers in the business, EmergingGrowth.com is emerging a leading digital financial media portal. Its services provide users, subscribers and advertisers with a variety of content and tools through a range of online, social media, mobile and other mobile outlets.
Since its inception, EmergingGrowth.com has distinguished itself from other financial media companies with its sly approach to reading between the lines in order to locate that needle in the haystack. Subscribe today to see what EmergingGrowth.com has to offer.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here