Exhibit 99.1
Mark Ties, CFO
XATA Corporation
XATA Reports Fourth Quarter and Fiscal Year-End Results
XATANET Sales Grow 39 Percent in FY2007 As Software Margins Expand
MINNEAPOLIS, November 21, 2007—XATA Corporation (Nasdaq:XATA), today reported sales for the fourth quarter ended September 30, 2007 of $6.8 million versus $8.3 million for the same period in fiscal 2006. The decrease in sales for the quarter on a year-over-year basis was due to sales of the Company’s legacy OpCenter product being down $1.5 million.
Sales for the 12 months ended September 30, 2007 were relatively flat at $30.7 million. XATANET sales increased $6.2 million, or 39 percent, while OpCenter sales decreased $6.2, or 42 percent, on a year-over-year-basis. For fiscal 2007, XATANET system and subscription sales contributed 72 percent of total net sales 2007 compared to 52 percent for fiscal 2006.
The Company’s fourth quarter financial performance also reflected one-time legal costs of $1.1 million relating to the settlement of a patent infringement lawsuit and a $1.8 million write-off of capitalized system development costs. As a result of these charges the Company reported a net loss for the quarter of $4.5 million, or $0.57 per share, compared to a net loss of $543,000, or $0.07 per share, in the comparable period of fiscal 2006.
For the fourth quarter of fiscal 2007, Modified EBITDA (earnings before interest, taxes, depreciation, amortization, stock based compensation, impairment losses, litigation costs and preferred stock dividends and deemed dividends) was a loss of $0.15 per share compared to a loss of $0.04 per share for the same period of fiscal 2006.
“The success of our recent XATANET 4.0 launch reaffirms the strategic direction we are taking XATA,” said Jay Coughlan, XATA chairman and CEO. “The continued growth of our XATANET software as a service business model now generates 72 percent of our total revenue and margins continue to improve.”
Operationally, total gross margins as a percentage of sales increased to 44 percent for fourth quarter fiscal 2007 compared to 39 percent for the same period of fiscal 2006, as the result of increased XATANET subscription margins. Overall XATANET gross margins as a percentage of sales for the fourth quarter of fiscal 2007 increased to 37 percent, compared to 23 percent for the same quarter of fiscal 2006, due to XATANET subscription margins improving to 57 percent for the fourth quarter of fiscal 2007 in comparison to 51 percent in the same period last year.
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The following information was filed by Xrs Corp (XRSC) on Wednesday, November 21, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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