-----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, U9Ibop/evVxCxrq/ZfK95vD8WtRDSAziRLgEvxdAMtDQd1Gup5stVUlqg4dygbQf pQynXc1iYKiw5upCmTX2Vg== 0000950005-05-000369.txt : 20050429 0000950005-05-000369.hdr.sgml : 20050429 20050429095932 ACCESSION NUMBER: 0000950005-05-000369 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050429 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050429 DATE AS OF CHANGE: 20050429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NANOMETRICS INC CENTRAL INDEX KEY: 0000704532 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 942276314 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13470 FILM NUMBER: 05782949 BUSINESS ADDRESS: STREET 1: 1550 BUCKEYE DRIVE CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 408-435-9600 MAIL ADDRESS: STREET 1: 1550 BUCKEYE DRIVE CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 p19327_8k.txt FORM 8-K ================================================================================ 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 April 29, 2005 Date of Report (date of earliest event reported) Nanometrics Incorporated (Exact name of Registrant as specified in charter) California 0-13470 94-2276314 (State or other jurisdiction (Commission File Number) (I. R. S. Employer of incorporation) Identification No.) 1550 Buckeye Drive, Milpitas, California 95035 (Address of principal executive offices) Registrant's telephone number, including area code: (408) 435-9600 N/A (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: |_| 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)) ================================================================================ Section 2 - Financial Information Item 2.02 - Results of Operations and Financial Condition. On April 29, 2005, Nanometrics Incorporated (the "Company") announced in a press release the Company's financial results for the first quarter ended April 2, 2005. A copy of that press release is attached hereto as Exhibit 99.1. The information in this current report on Form 8-K and the exhibit attached hereto shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") nor otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, or the Exchange Act, regardless of any general incorporation language in such filing. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release issued by Nanometrics Incorporated dated April 29, 2005. Signature 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: April 29, 2005 NANOMETRICS INCORPORATED /s/ Paul B. Nolan -------------------------------------------- Paul B. Nolan Chief Financial Officer Exhibit Index Exhibit Number Exhibit Title - -------------- -------------------------------------------------------------- 99.1 Press release dated April 29, 2005. EX-99 2 p19327_ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 FOR RELEASE ON APRIL 29, 2005 Contact: Paul Nolan, CFO Nanometrics, Inc. 408.435.9600 x122 NANOMETRICS ANNOUNCES RECORD SALES FOR THE FIRST QUARTER OF 2005 Milpitas, California, April 29, 2005 - Nanometrics Incorporated (NASDAQ: NANO) today reported financial results for the first quarter ended April 2, 2005. Total revenues for the first quarter of 2005 were $23.5 million, an increase of 14% from $20.6 million in the fourth quarter of 2004 and an increase of 72% compared to $13.7 million for the first quarter of 2004. The increase in first quarter revenues in 2005 compared to the first quarter of 2004 resulted from stronger demand for its metrology equipment used for semiconductor process control, particularly in the U.S. and Pacific Rim countries. Net income in the first quarter of 2005 was $2.6 million or $0.19 per diluted share, compared to a net loss of $1.2 million or a loss of $0.10 per diluted share for the same period last year. General and administrative expenses for the first quarter of 2005 were higher by $0.7 million than in the first quarter of 2004 primarily as a result of higher regulatory compliance expenses in 2005. Service costs were also higher in the quarter as headcount, installations and shipments increased. The Company's financial position continues to be strong with cash and short-term investments totaling $31.1 million. About Nanometrics: Nanometrics Incorporated is a leading supplier of advanced integrated and standalone metrology equipment used in the semiconductor industry. The Company's corporate office is located at 1550 Buckeye Drive, Milpitas, CA 95035, with sales and service offices worldwide. Nanometrics is traded on NASDAQ under the symbol NANO. Nanometrics' website is http://www.nanometrics.com. An earnings conference call will be held on April 29, 2005 at 8:00 A.M. Pacific Time. To participate in the earnings conference call, the dial-in numbers are 800-706-7749 in the United States or 617-614-3474 for international calls. The passcode is 86651487. NANOMETRICS INCORPORATED CONSOLIDATED BALANCE SHEETS (Amounts in thousands except share amounts)
April 2, 2005 January 1, (Unaudited) 2005 -------- -------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 12,296 $ 15,949 Short-term investments 18,852 17,919 Accounts receivable, net of allowances of $598 and $603 27,598 22,222 Inventories 25,422 25,494 Prepaid expenses and other 2,669 944 -------- -------- Total current assets 86,837 82,528 PROPERTY, PLANT AND EQUIPMENT, NET 48,245 49,035 INTANGIBLE ASSETS 848 924 OTHER ASSETS 1,464 1,282 -------- -------- TOTAL $137,394 $133,769 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 3,275 $ 3,146 Accrued payroll and related expenses 2,326 2,206 Deferred revenue 4,256 2,742 Other current liabilities 2,564 1,840 Income taxes payable 1,346 1,515 Current portion of debt obligations 792 1,164 -------- -------- Total current liabilities 14,559 12,613 DEFERRED INCOME TAXES AND OTHER LONG-TERM LIABILITIES 354 930 DEBT OBLIGATIONS 1,851 2,070 -------- -------- Total liabilities 16,764 15,613 -------- -------- SHAREHOLDERS' EQUITY: Common stock, no par value; 50,000,000 shares authorized; 12,584,877 and 12,566,636 outstanding 104,323 104,191 Retained earnings 14,636 12,034 Accumulated other comprehensive income 1,671 1,931 -------- -------- Total shareholders' equity 120,630 118,156 -------- -------- TOTAL $137,394 $133,769 ======== ========
NANOMETRICS INCORPORATED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands except per share amounts) (Unaudited) Three Months Ended ------------------------- April 2, April 3, 2005 2004 -------- -------- NET REVENUES: Product sales $ 21,166 $ 11,663 Service 2,325 2,008 -------- -------- Total net revenues 23,491 13,671 -------- -------- COSTS AND EXPENSES: Cost of product sales 9,750 5,403 Cost of service 2,573 1,611 Research and development 3,179 3,489 Selling 3,145 3,066 General and administrative 1,998 1,295 -------- -------- Total costs and expenses 20,645 14,864 -------- -------- INCOME (LOSS) FROM OPERATIONS 2,846 (1,193) -------- -------- OTHER INCOME (EXPENSE): Interest income 130 56 Interest expense (18) (29) Other, net (270) (3) -------- -------- Total other income (expense), net (158) 24 -------- -------- INCOME (LOSS) BEFORE INCOME TAXES 2,688 (1,169) PROVISION FOR INCOME TAXES (83) (43) -------- -------- NET INCOME (LOSS) $ 2,605 $ (1,212) ======== ======== NET INCOME (LOSS) PER SHARE: Basic $ 0.21 $ (0.10) ======== ======== Diluted $ 0.19 $ (0.10) ======== ======== SHARES USED IN PER SHARE COMPUTATION: Basic 12,575 12,189 ======== ======== Diluted 13,455 12,189 ======== ======== -----END PRIVACY-ENHANCED MESSAGE-----