Xata Corporation, a provider of fleet management solutions to the truck transportation industry, has reported sales of $6.8 million for the fourth quarter ended September 30, 2007, compared to $8.3 million in the same period of 2006.
The company reported a net loss of $4.5 million, or $0.57 per share for the quarter compared to a net loss of $543,000, or $0.07 per share, in the comparable period of 2006.
Sales for the twelve months ended September 30, 2007 were flat at $30.7 million. Xata net sales increased $6.2 million, or 39%, while OpCenter sales decreased $6.2, or 42%, on a year-over-year-basis. For the fiscal 2007, the company reported a net loss of $7.8 million, or $0.99 per share, versus a net loss of $2.1 million, or $0.28 per share, for the fiscal 2006.
Jay Coughlan, chairman and CEO of Xata, said: We are enthusiastic about the progress we are making on our strategic plan for Xata. The competitive landscape for fleet optimization solutions is consolidating and we see this as an opportunity for Xata to further grow and expand our offerings to the marketplace.