-----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, NQfRodwhIplph7DNU2RuVSsAYtMXB9m/6NECOlF+dKqavRafBfcWUodBIS4A6vpD sVKaWKMPrANVEF/ptCa44w== 0001012870-00-000796.txt : 20000216 0001012870-00-000796.hdr.sgml : 20000216 ACCESSION NUMBER: 0001012870-00-000796 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000215 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: SEC FILE NUMBER: 000-13470 FILM NUMBER: 545923 BUSINESS ADDRESS: STREET 1: 310 DEGUIGNE DR CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 4087461600 MAIL ADDRESS: STREET 1: 310 DEGUIGNE DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 FORM 8-K 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 February 15, 2000 Date of Report (Date of earliest event reported) NANOMETRICS INCORPORATED (Exact name of registrant as specified in its charter) CALIFORNIA (State or other jurisdiction of incorporation) 0-13470 94-2276314 (Commission File No.) (IRS Employer Identification Number) 310 DeGuigne Drive Sunnyvale, California 94086 (Address of Principal Executive Offices) (408) 746-1600 (Registrant's Telephone Number, Including Area Code) Item 5. Other Events - ------- ------------- Results for Quarter Ended December 31, 1999 On February 15, 2000, Nanometrics Incorporated announced unaudited financial results for its fourth fiscal quarter ended December 31, 1999 and for its fiscal year ended December 31, 1999. Unaudited summary balance sheet information and summary revenue and income results are as follows: [The remainder of this page has been intentionally left blank] 2 NANOMETRICS INCORPORATED CONSOLIDATED BALANCE SHEETS (Amounts in thousands except share amounts)
December 31, December 31, ASSETS 1999 1998 ------------ ------------ CURRENT ASSETS: Cash and cash equivalents $ 3,442 $ 1,518 Short-term investments 14,698 9,913 Accounts receivable, net of allowances of $425 and $420 11,435 8,458 Inventories 9,460 11,719 Deferred income taxes 1,722 1,441 Prepaid expenses and other 1,196 2,328 ------- ------- Total current assets 41,953 35,377 PROPERTY, PLANT AND EQUIPMENT, NET 2,998 2,481 DEFERRED INCOME TAXES 135 560 OTHER ASSETS 1,324 887 ------- ------- TOTAL $46,410 $39,305 ======= ======= LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 2,412 $ 1,395 Accrued payroll and related expenses 751 317 Other current liabilities 1,721 1,720 Income taxes payable 464 - Current portion of debt obligations 584 1,324 ------- ------- Total current liabilities 5,932 4,756 DEFERRED RENT 35 43 DEBT OBLIGATIONS 2,288 2,496 ------- ------- Total liabilities 8,255 7,295 ------- ------- SHAREHOLDERS' EQUITY: Common stock, no par value; 25,000,000 shares authorized; 9,163,998 and 8,690,643 outstanding 17,277 14,170 Retained earnings 20,608 17,974 Accumulated other comprehensive income (loss) 270 (134) ------- ------- Total shareholders' equity 38,155 32,010 ------- ------- TOTAL $46,410 $39,305 ======= =======
3 NANOMETRICS INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands, except per share amounts)
Three Months Ended Year Ended December 31, December 31, (Unaudited) 1999 1998 1999 1998 ---------- -------- -------- -------- NET REVENUES: Product sales $11,712 $ 4,146 $32,162 $29,718 Service 1,163 847 4,246 3,546 ------- ------- ------- ------- Total net revenues 12,875 4,993 36,408 33,264 ------- ------- ------- ------- COSTS AND EXPENSES: Cost of product sales 5,094 2,531 14,606 13,002 Cost of service 1,263 882 4,560 3,669 Research and development 1,449 1,026 4,658 4,206 Acquired in-process research and development - - - 1,421 Selling 1,766 1,261 5,871 5,728 General and administrative 878 735 2,973 2,828 ------- ------- ------- ------- Total costs and expenses 10,450 6,435 32,668 30,854 ------- ------- ------- ------- INCOME (LOSS) FROM OPERATIONS 2,425 (1,442) 3,740 2,410 OTHER INCOME (EXPENSE) Interest income 178 109 661 572 Interest expense (22) (39) (85) (108) Other, net 26 170 0 64 ------- ------- ------- ------- Total other income, net 182 240 576 528 ------- ------- ------- ------- INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 2,607 (1,202) 4,316 2,938 PROVISION FOR INCOME TAXES 976 (519) 1,682 1,108 ------- ------- ------- ------- NET INCOME (LOSS) $ 1,631 $ (683) $ 2,634 $ 1,830 ======= ======= ======= ======= NET INCOME (LOSS) PER SHARE: Basic $.18 $(.08) $.30 $.21 ======= ======= ======= ======= Diluted $.17 $(.08) $.28 $.20 ======= ======= ======= ======= SHARES USED IN PER SHARE COMPUTATION: Basic 9,033 8,686 8,829 8,635 ======= ======= ======= ======= Diluted 9,842 8,686 9,393 9,041 ======= ======= ======= =======
4 These financial results are based on the quarter ended December 31, 1999 and the year ended December 31, 1999 and are not necessarily indicative of future financial results. Investors are encouraged to review Nanometrics' other filings with the Securities and Exchange Commission for a discussion of factors that could affect Nanometrics' future performance. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (c) Exhibits 27.1 Financial Data Schedule 5 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. Date: February 15, 2000 NANOMETRICS INCORPORATED By: /s/ Paul B. Nolan --------------------------------- Paul B. Nolan Chief Financial Officer 6 EXHIBIT NO. DESCRIPTION - ----------- ----------- 27.1 Financial Data Schedule 7 EX-27.1 2 FINANCIAL DATA SCHEDULE
5 1,000 3-MOS 12-MOS DEC-31-1999 DEC-31-1999 OCT-01-1999 JAN-01-1999 DEC-31-1999 DEC-31-1999 3,442 3,442 14,698 14,698 11,860 11,860 425 425 9,460 9,460 41,953 41,953 6,611 6,611 3,613 3,613 46,410 46,410 5,932 5,932 2,288 2,288 0 0 0 0 17,277 17,277 20,878 20,878 46,410 46,410 11,712 32,162 12,875 36,408 5,094 14,606 6,357 19,166 4,093 13,502 0 0 22 85 2,607 4,316 976 1,682 1,631 2,634 0 0 0 0 0 0 1,631 2,634 .18 .30 .17 .28
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