Xata Loses $1.7 Million in Fiscal 1Q

Transportation software firm Xata Corp. said it lost $1.7 million, or 20 cent per share, in its fiscal first quarter, compared with a loss of $672,000, or 8 cents, a year ago.

Revenue increased 20% in the fiscal quarter ended Dec. 30 to $17.5 million, with a 27% increase in software revenue, the company said. Revenue in the fiscal 2010 first quarter includes newly acquired Turnpike Global Technologies, while the previous year's revenue did not.

Xata said it acquired eight new customers in the quarter.