Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/6/2014 9:30:00 AM Write a Letter to the Editor Write a letter to the Editor

XRS’ Profit Drops in Fiscal 1Q


XRS Corp.

XRS Corp. said its net income fell in its first fiscal quarter as sales decreased and some costs grew.

The telematics provider’s profit was $91,000 in the quarter ended Dec. 31 compared with $319,000 a year earlier. Revenue fell to $13.3 million from $14.2 million.

“The first quarter of fiscal 2014 was our fifth consecutive quarter of profitability, with mobile growth of 14%,” Jay Coughlan, chairman and CEO of XRS, said in a Feb. 6 statement. “We are committed to the ongoing success in transitioning to our no-upfront-hardware-cost XRS mobile solution.”

XRS said its mobile software revenue rose 14%, but total software revenue fell $900,000.

The drop in overall revenue was due to customers switching to the XRS mobile platform from its legacy hardware-based platform, the company said.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


 

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement