Xplore Technologies Receives a Buy from Roth Capital

By George MacDonald

Roth Capital analyst William Gibson maintained a Buy rating on Xplore Technologies (NASDAQ: XPLR) today and set a price target of $10. The company’s shares opened today at $5.80.

Gibson noted, “Xplore 4Q15 sales increased 25% y/y to $10.4 million, a 37% increase in unit shipments offset by a 17% decline in average selling price. Gross profit margins declined to 29.9% compared to our 33.7% estimate. Operating expenses were in line with our estimate.”

Xplore Technologies has an analyst consensus of Hold.

Based on Xplore Technologies` latest earnings report from December 31, the company posted quarterly revenue of $16.44M and quarterly net profit of $2.4M. In comparison, last year the company earned revenue of $8.27M and had a net profit of -$551k.

Gibson has an average return of 1.8% when recommending Xplore Technologies. According to TipRanks.com, Gibson is ranked #2901 out of 3684 analysts.

Xplore Technologies Corp is engaged in the development, integration and marketing of rugged mobile personal computer systems, or PCs. Its product includes The XC6 DMSR, The XC6 DM/DML, The RangerX, Bobcat, among others.