-----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, FxznH7EiGXi09S72uTuht5pscpCeSx7PKznKllGG0sTIzUyiIvLVtNxnFgACFCtn CSzKjvJ+tiKIFvtVOErNFA== 0000950138-07-000581.txt : 20070712 0000950138-07-000581.hdr.sgml : 20070712 20070712161522 ACCESSION NUMBER: 0000950138-07-000581 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070709 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070712 DATE AS OF CHANGE: 20070712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEARUSA INC CENTRAL INDEX KEY: 0000821536 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 222748248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1225 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11655 FILM NUMBER: 07976621 BUSINESS ADDRESS: STREET 1: 1250 NORTHPOINT PARKWAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 BUSINESS PHONE: 5614788770 MAIL ADDRESS: STREET 1: 1250 NORTHPOINT PARKWAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 FORMER COMPANY: FORMER CONFORMED NAME: HEARX LTD DATE OF NAME CHANGE: 19950808 8-K 1 form8k.htm

 


 

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): July 9, 2007

HearUSA, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

 

001-11655

 

22-2748248

(State or Other
Jurisdiction of
Incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

1250 Northpoint Parkway

 

 

West Palm Beach, Florida

 

33407

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant's telephone number, including area code:

(561) 478-8770

 

 

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):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  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 July 9, 2007, HearUSA, Inc. issued a press release relating to the financial results for the fiscal quarter and six months ended June 30, 2007. A copy of the press release is furnished with this Form 8-K as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits

(d)  Exhibits

99.1

Press release issued July 9, 2007.

 

 


 

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.

 

 

HearUSA, Inc.

(Registrant)

 

 

 

Date:  July 12, 2007

By:

/s/ Stephen J. Hansbrough

 

 

Name: Stephen J. Hansbrough

 

 

Title: President & Chief Executive Officer

 

 


 

EXHIBIT INDEX

Exhibit No.

Description of Exhibit

 

 

99.1

Press release issued July 9, 2007.

 

 

 

EX-99.1 2 exh99-1.htm PRESS RELEASE

Exhibit 99.1


 

FOR IMMEDIATE RELEASE

 

Company Contact

Investor Relations

HearUSA Inc.

Scott Liolios or Ron Both

Tel (561) 478-8770

Liolios Group, Inc.

Stephen J. Hansbrough, President & CEO, ext 132

email: info@liolios.com

Paul A. Brown, M.D., Founder & Chairman, ext 123

Tel (949) 574-3860

 

 

HEARUSA‘S Q2 2007 REVENUES REACH THIRD CONSECUTIVE HIGH

 

West Palm Beach, Fla. – July 9, 2007 -- Ahead of the company’s scheduled presentation at the 3rd Annual C.E. Unterberg, Towbin Emerging Growth Conference in New York City next week, HearUSA, Inc. (AMEX: EAR) reported its third consecutive quarter of record revenues. For the second quarter of fiscal 2007 ending June 30, 2007, revenues totaled $24.9 million, which represents an increase of 12% from the same year-ago quarter and 6% sequentially.

 

The company acquired six hearing centers since the beginning of the year, with combined trailing 12-month ("TTM") revenues of approximately $4.2 million and has signed LOIs for an additional eight centers with approximately $5.0 million TTM revenues. These record results for the first half of the year keep the company on course for a forecasted $102-$107 million in revenues in FY2007.

 

About HearUSA

HearUSA, Inc. provides hearing care to patients primarily through more than 170 company-owned hearing care centers, which offer a complete range of quality hearing instruments with an emphasis on the latest digital technology. HearUSA centers are located in California, Florida, New York, New Jersey, Massachusetts, Ohio, Michigan, Missouri and the province of Ontario, Canada. The company also derives revenues from its HearUSA Hearing Care Network, comprised of 1,600 affiliated audiologists in 49 states, as well as its website that enables online purchases of hearing related products, such as batteries, hearing aid accessories and assistive listening devices.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995, including those concerning the company's 2007 target revenues for the year within a range of $102 million and $107 million. These statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as successful implementation of the company's acquisition program; integration of the newly acquired centers and maintenance of revenue levels from those centers; the company's ability to maintain cost controls and limit expenses; the successful implementation of the Siemens agreement; the ability of the company to maintain unit sales of Siemens hearing aids; market demand for the company's goods and services; changes in the pricing environment; general economic conditions in those geographic regions where the company's centers are located; the impact of competitive products; and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission, including the company's Form 10-K for the year ended December 31, 2006.

 

###

 

 

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