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 environment 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.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.