Xplore Technologies sees FY18 revenue ~$85M, consensus $84.79M
For FY18, Xplore raised its revenue outlook to the high end of its range, approximately $85M. Gross margin for the fiscal year is expected to be between 28%-30%. Operating expenses are expected to be approximately $23M-25M, excluding one-time charges, reflecting a full year of the company's reduced operating expense profile. The company anticipates GAAP profitability for the full year. Xplore also maintained its previously disclosed business operating targets as revenue scales to a $120M run-rate, assuming both organic growth and cost reduction initiatives are achieved in future periods: gross margin 28%-30%, operating margin 8%-10%, profit margin 6%-8% and EBITDA margin 9%-11%.