-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C33MrG/DEe9ib9nQaJuqJFPax+9LG2r7dISiYHn/xCkeHFgvWnX1tO7lq0v++joE m9gAPPx1I04XlFwUsFu4Sg== 0000950159-03-000463.txt : 20030520 0000950159-03-000463.hdr.sgml : 20030520 20030520144908 ACCESSION NUMBER: 0000950159-03-000463 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030516 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBIX CORP CENTRAL INDEX KEY: 0001003111 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 133781263 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14168 FILM NUMBER: 03712184 BUSINESS ADDRESS: STREET 1: 139 CENTRE STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2125945300 FORMER COMPANY: FORMER CONFORMED NAME: BELL TECHNOLOGY GROUP LTD DATE OF NAME CHANGE: 19951106 8-K 1 globix8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 16, 2003 Globix Corporation (Exact name of registrant as specified in its charter) Delaware 1-14168 13-3781263 (State or other jurisdiction (Commission (IRS Employer Identification No.) of incorporation) File Number) 139 Centre Street, 10013 New York, New York (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 334-8500 (Former name or former address, if changed since last report) Form 8-K, Current Report Globix Corporation Commission File No. Item 7. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits. --------- Exhibit Number Description ------------- ----------- Exhibit 99.1 Press release dated May 16, 2003. Item 9. Regulation FD Disclosure. ------------------------- The information included in this section is intended to be included under "Item 12. Disclosure of Results of Operations and Financial Condition" and is included under this Item 9 in accordance with Securities and Exchange Commission Release No. 33-8126. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. On May 16, 2003, Globix Corporation issued a press release announcing its financial results for its second quarter of fiscal year 2003, which ended March 31, 2003. A copy of the press release relating to such announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 16, 2003 Globix Corporation By: /s/ Robert Dennerlein ------------------------------ Name: Robert Dennerlein Title: Chief Financial Officer EX-99 3 exhibit99-1.txt EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Globix Corporation Reports Second Fiscal Quarter 2003 Results, Buys Back Additional Debt New York - May 16, 2003 - Globix Corporation (OTC: GBXX) today reported financial results for its second quarter of fiscal year 2003, which ended March 31, 2003, citing progress in its post-restructuring period. The company also announced that it had repurchased an additional $3.5 million of its Senior Notes on 4/4/03 in addition to the $6.4 million it had repurchased in the second fiscal quarter of 2003 that was previously reported. Revenues for the quarter were $15.4 million, which was $6.0 million, or 28% less than the same period in 2002. The company also reported that in the second fiscal quarter of 2003 cost of revenues was reduced 46% to $5.3 million from the same period in 2002, and that sales, general and administrative costs were reduced 41% to $12.6 million reflecting the continuing impact of the company's restructuring and cost management efforts. Loss from operations was approximately $6.2 million for the second fiscal quarter of 2003, compared to approximately $50 million for the same period a year earlier. Net loss attributable to common shareholders was $7.1 million, or $.43 per share, based on 16,460,000 common shares outstanding at the end of the quarter. For the same period a year earlier, the net loss attributable to common shareholders was $69.6 million, or $1.75 per share, based on 38,688,862 common shares then outstanding. Globix Corporation & Subsidiaries Un-audited Condensed Results of Operations (Dollars in Thousands Except Per Share Data)
Three Months Ended March 31 2003 2002 ---- ----- Restated Successor Predecessor Company Company Revenue ................................................................... $ 15,368 $ 21,389 Operating costs and expenses: Cost of revenue ...................................................... 5,274 9,737 Selling, general and administrative .................................. 12,570 21,401 Restructuring charges ................................................ -- 24,834 Impairment of intangible assets ...................................... -- 3,221 Depreciation and amortization ........................................ 4,116 12,174 ------------- --------------- Total operating costs and expenses ........................................ 21,960 71,367 Other operating income ............................................... 345 --- Loss from operations ...................................................... (6,247) (49,978) Interest and financing expense ....................................... (3,561) (14,036) Interest income ...................................................... 347 875 Other income/(expense) ............................................... 204 (506) Gain on debt discharge ............................................... 2,044 -- Minority interest in subsidiary ...................................... 120 955 Reorganization Items ................................................. -- (5,598) ------------- --------------- Net loss .................................................................. (7,093) (68,288) Dividends and accretion on preferred stock ........................... -- (1,329) ------------- Net loss attributable to common stockholders .............................. $ (7,093) $ (69,617) ============= ============= Basic and diluted net loss per share attributable to common stockholder ... $ (0.43) $ (1.75) ============= ============= Weighted average common shares outstanding--basic and diluted ............. 16,460,000 39,688,862 ============= =============
About Globix: Globix (http://www.globix.com) is a leading provider of managed infrastructure for business customers. Globix delivers applications and services via its secure Data Centers, high-performance global Tier 1 IP backbone, content delivery network, and its technical professionals. Globix provides businesses with technology resources and the ability to deploy, manage and scale mission-critical Internet-based operations for optimum performance and cost efficiency. Globix customers include the New York Post, MSI (part of Reed Business Information) SkyRock, ebookers.com, Globus Media, The Record Store, Holmes Place, Agalinks, Space Holdings (Space.com), WinMill Software, iPass, Digidesign, and Mason-McDuffie Real Estate. Risk Factors and Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are based on current information and expectations and are subject to risks and uncertainties that could cause the company's actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include: the company's ability to retain existing customers and attract new customers; its ability to match its operating cost structure with revenue to achieve positive cash flow; the sufficiency of existing cash and cash flow to complete the company's business plan and fund its working capital requirements; the insolvency of vendors and other parties critical to the company's business; the company's existing debt obligations and history of operating losses; its ability to integrate, operate and upgrade or downgrade its network; the company's ability to recruit and retain qualified personnel needed to staff its operations; potential market or technological changes that could render the company's products or services obsolete; changes in the regulatory environment; and other changes that are discussed in the company's Annual Report on Form 10-K and other documents that the company files with the Securities and Exchange Commission. Press Contact: Michael van Dijken 212-625-7546 917-428-3366 mvandijken@globix.com -----END PRIVACY-ENHANCED MESSAGE-----