-----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, GoUccT2pgNiqbbNKil32+M1anJr+Yz63+p9VyZo3FqMtje2wLYD6XgyoRlaSF5Uw WTuXRWEAwGIB1z9/PySrJQ== 0001266454-06-000317.txt : 20060630 0001266454-06-000317.hdr.sgml : 20060630 20060629200026 ACCESSION NUMBER: 0001266454-06-000317 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060630 DATE AS OF CHANGE: 20060629 EFFECTIVENESS DATE: 20060630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETGURU INC CENTRAL INDEX KEY: 0001015920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 222356861 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28560 FILM NUMBER: 06935331 BUSINESS ADDRESS: STREET 1: 22700 SAVI RANCH PARKWAY CITY: YORBA LINDA STATE: CA ZIP: 92887 BUSINESS PHONE: 7149742500 MAIL ADDRESS: STREET 1: 22700 SAVI RANCH PKWY CITY: YORBA LINDA STATE: CA ZIP: 92887 FORMER COMPANY: FORMER CONFORMED NAME: RESEARCH ENGINEERS INC/ DATE OF NAME CHANGE: 20000317 FORMER COMPANY: FORMER CONFORMED NAME: RESEARCH ENGINEERS INC DATE OF NAME CHANGE: 19960603 NT 10-K 1 netguru_12b25-033106.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION +-------------+ WASHINGTON D.C. 20549 | OMB Number | | 3235-0058 | FORM 12b-25 | expires | NOTIFICATION OF LATE FILING | 03/31/06 | | | | SEC File # | | | | CUSIP # | | | +-------------+ (Check One) [X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB [ ] Form N-SAR For Period Ended: March 31, 2006 -------------- [ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form N-SAR For the Transition Period Ended: ________________________ +------------------------------------------------------------------------------+ | | |Read Instruction (on back page) Before Preparing Form. Please Print or Type. | | | | Nothing in this form shall be construed to imply that the Commission has | | verified any information contained herein. | - -------------------------------------------------------------------------------+ If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: PART I - REGISTRANT INFORMATION NETGURU, INC. - ------------------------------------------------------------------------------ Full Name of Registrant: - ------------------------------------------------------------------------------ Former Name if Applicable 22700 SAVI RANCH PARKWAY - ------------------------------------------------------------------------------ Address of Principal Executive Office (Street and Number) YORBA LINDA, CA 92887 - ------------------------------------------------------------------------------ City, State, Zip Code PART II - RULES 12b-25 (b) AND (c) If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate) (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will be XX filed on or before the fifteenth calendar day following the prescribed - -- due date; or the subject quarterly report of transition report on Form 10-QSB, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. PART III - NARRATIVE State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR or the transition report or portion thereof could not be filed within the prescribed time period. The Registrant is unable to file the subject report in a timely manner because the Registrant was not able to complete timely its financial statements without unreasonable effort or expense and provide sufficient time for its Edgar filing service to transmit the subject report to the Securities and Exchange Commission prior to the filing deadline. The subject report was accepted by the Securities and Exchange Commission on June 29, 2006 with a filing date of June 30, 2006. PART IV - OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification: Bruce K. Nelson 714 974-2500 - ---------------------------- ----------------- --------------- (Name) (Area Code) (Telephone No.) (2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). [X]Yes [ ]No - ------------------------------------------------------------------------------ (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ]No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. Total net income for the fiscal year ended March 31, 2006 was $14.7 million compared to a net loss of $0.8 million for the fiscal year ended March 31, 2005, an increase of $15.5 million. The increase was primarily due to a $21.5 million net gain recorded from the sale of the Registrants Research Engineers Incorporated business and France subsidiary. Total operating loss from continuing operations was $6.1 million for the fiscal year ended March 31, 2006 compared to an operating loss of $2.4 million for the fiscal year ended March 31, 2005. The $3.7 million increase in operating loss from continuing operations was due to a $2.9 million impairment charge for the write-off of goodwill, a $0.1 million increase in bad debt expense, lawsuit settlements of $0.2 million, and a $0.2 million increase in professional fees. Total net revenues for the fiscal year ended March 31, 2006 was $3.9 million compared to total net revenues of $4.5 million for the fiscal year ended March 31, 2005, a decrease of $0.6 million. The decrease resulted from a decrease in IT services net revenues offset by an increase in collaborative software products and services net revenues. - ------------------------------------------------------------------------------ NETGURU, INC. ------------------------------------------ (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: June 29, 2006 By: /s/ Bruce K. Nelson ----------------------------- ------------------------------------- INSTRUCTION; The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. if the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form. -----END PRIVACY-ENHANCED MESSAGE-----