-----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, NBGAxEnNV3vSwJtpiTF/JX/eUfOwdpZtVhi7+Qo5b8zKnVfq3L84GUbFwP9IN/rk DXonF/zRoPBwOQDJxWlb1Q== 0001275287-07-001639.txt : 20070403 0001275287-07-001639.hdr.sgml : 20070403 20070403094103 ACCESSION NUMBER: 0001275287-07-001639 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070402 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070403 DATE AS OF CHANGE: 20070403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INNOTRAC CORP CENTRAL INDEX KEY: 0001051114 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 581592285 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23741 FILM NUMBER: 07741781 BUSINESS ADDRESS: STREET 1: 6655 SUGARLOAF PARKWAY CITY: DULUTH STATE: GA ZIP: 30097 BUSINESS PHONE: 678-584-4000 MAIL ADDRESS: STREET 1: 1828 MECA WAY CITY: NORCROSS STATE: GA ZIP: 30093 8-K 1 ic9512.txt FORM 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) April 2, 2007 INNOTRAC CORPORATION ------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) Georgia ---------------------------------------------- (State or Other Jurisdiction of Incorporation) 000-23741 58-1592285 ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) 6655 Sugarloaf Parkway Duluth, Georgia 30097 ---------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) (678) 584-4000 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Not Applicable ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On April 2, 2007, Innotrac Corporation ("Innotrac") issued a press release to announce its preliminary, unaudited financial results for the fourth quarter and fiscal year ended December 31, 2006. A copy of the press release is attached as Exhibit 99.1. The information in this Report, including the Exhibit attached hereto, is furnished solely pursuant to Item 2.02 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references this Form 8-K. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit No. Description ----------- ------------------------------------------------------------ 99.1 Innotrac Corporation press release dated April 2, 2007, announcing Innotrac's preliminary, unaudited financial results for the fourth quarter and fiscal year ended December 31, 2006 (furnished pursuant to Item 2.02 of this Form 8-K). 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. INNOTRAC CORPORATION By: /s/ Scott D. Dorfman ------------------------- Scott D. Dorfman Chairman, President and Chief Executive Officer Date: April 2, 2007 EX-99.1 2 ic9512ex991.txt EXHIBIT 99.1 Exhibit 99.1 INNOTRAC CORPORATION ANNOUNCES PRELIMINARY 2006 FOURTH QUARTER AND YEAR END RESULTS ATLANTA, April 2 /PRNewswire-FirstCall/ -- Innotrac Corporation (Nasdaq: INOC) announced preliminary, unaudited financial results today for the fourth quarter and year ended December 31, 2006. The Company reported revenues of $29.3 million for the quarter versus $18.2 million reported in the comparable period in 2005, an increase of 61.5%. The increase in revenue was primarily attributed to the addition of several new retail/catalog clients and revenues associated with the additional clients resulting from the ClientLogic acquisition in October, 2006. For the year ended December 31, 2006, the Company reported revenues of $82.3 million compared to $73.9 million for the same period in 2005, an increase of 11.4%. The increase for the year resulted primarily from an increase in revenues from our eCommerce, retail and catalog vertical, our Broadband and DSL vertical and the addition of our new clients resulting from the ClientLogic acquisition, partly offset by reduced volumes from our telecommunications vertical due to the maturity of the telephone and Caller ID equipment business. The Company reported a net loss of $2.6 million, or $0.21 per share, for the three months ended December 31, 2006, versus a net loss of $3.0 million, or $0.24 per share basis, in the comparable period of 2005. For the year ended December 31, 2006, the Company reported a net loss of $5.2 million, or $0.43 per share compared to a net loss of $4.7 million, or $0.38 per share, for the same period in 2005. Contributing to the net losses were higher than anticipated start-up costs associated with the implementation of new clients and transition and start-up costs associated with the ClientLogic acquisition. In addition, variable labor costs significantly exceeded expectations as more labor was required to handle the significantly larger than expected volumes in our eCommerce, retail and catalog vertical. The Company's preparation of its financial statements for the year ended December 31, 2006 and the audit of such financial statements by its independent auditors are not yet finalized. The Company does not anticipate the revenues and net income to be reflected in such audited financial statements to vary materially from the results included in this press release. The Company expects to file its 2006 Form 10-K on or before April 17, 2007. Conference Call Innotrac Corporation will hold a conference call to discuss this release this evening, April 2, 2007 at 5:00 PM Eastern Daylight Time. Investors can listen to the conference call live by dialing 1-877-569-0972 (Conference ID: 2657386) or by logging on to www.innotrac.com and clicking on "Webcasts and Presentations" in the "Investor Relations" section. The Webcast will be archived and available at the same Web address. Additionally, a 48-hour audio playback will be available at 1-800-642-1687 (Conference ID: 2657386). Innotrac Innotrac Corporation, founded in 1984 and based in Atlanta, Georgia, is a full-service fulfillment and logistics provider serving enterprise clients and world-class brands. The Company employs sophisticated order processing and warehouse management technology and operates ten fulfillment centers and two call centers in seven cities spanning all time zones across the continental United States. For more information about Innotrac, visit the Innotrac Web site, www.innotrac.com. Information contained in this press release, other than historical information, may be considered forward-looking in nature. Forward-looking statements in this press release include our expectations for future progress in our business and future generation of cash flows. Forward-looking statements are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Innotrac's operating results, performance or financial condition are competition, the demand for Innotrac's services, Innotrac's ability to retain its current clients and attract new clients, realization of expected revenues from new clients, the state of the telecommunications and direct response industries in general, changing technologies, Innotrac's ability to maintain profit margins in the face of pricing pressures and numerous other factors discussed in Innotrac's 2005 Annual Report on Form 10-K and other filings on file with the Securities and Exchange Commission. Innotrac disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise. SOURCE Innotrac Corporation -0- 04/02/2007 /CONTACT: Christine Herren, Senior Director and Controller of Innotrac Corporation, +1-678-584-4115, or cherren@innotrac.com / /Web site: http://www.innotrac.com/ -----END PRIVACY-ENHANCED MESSAGE-----