-----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, WljANwPNSWPRthT9Te/CbCcCGVIP7rAZKncP9mK1wH8iAn9s02RnQsEAwPcrhEvN vMz6TnEtoFOZjfuMqK2OIQ== 0001193125-06-159657.txt : 20060803 0001193125-06-159657.hdr.sgml : 20060803 20060802211623 ACCESSION NUMBER: 0001193125-06-159657 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060802 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060803 DATE AS OF CHANGE: 20060802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALPHA INNOTECH CORP CENTRAL INDEX KEY: 0000830736 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 581729436 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14257 FILM NUMBER: 06999645 BUSINESS ADDRESS: STREET 1: 2401 MERCED ST. CITY: SAN LEANDRO STATE: CA ZIP: 94577 BUSINESS PHONE: 5104839620 MAIL ADDRESS: STREET 1: 2401 MERCED ST. CITY: SAN LEANDRO STATE: CA ZIP: 94577 FORMER COMPANY: FORMER CONFORMED NAME: XTRANA INC DATE OF NAME CHANGE: 20010702 FORMER COMPANY: FORMER CONFORMED NAME: BIOPOOL INTERNATIONAL INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CYTRX BIOPOOL LTD DATE OF NAME CHANGE: 19890716 8-K 1 d8k.htm ALPHA INNOTECH CORP. FORM 8-K Alpha Innotech Corp. 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

Date of Report (Date of earliest event reported): August 2, 2006

ALPHA INNOTECH CORP.

(Exact name of registrant as specified in its charter)

 

Delaware    1-14257    58-1729436

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

2401 Merced Street, San Leandro, California    94577
(Address of principal executive offices)    (Zip Code)

Registrant’s telephone number, including area code: (510) 483-9620

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 (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-4c))


Item 2.02. Results of Operations and Financial Condition

On August 2, 2006, Alpha Innotech Corp. (the “Company”) issued a press release announcing its earnings for the fiscal quarter ended June 30, 2006, the text of which is attached hereto as Exhibit 99.1.

The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, the information in the Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits

 

(c) Exhibits

 

99.1    Press Release dated August 2, 2006 announcing earnings for the fiscal quarter ended June 30, 2006

 

2


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.

 

   

ALPHA INNOTECH CORP.

 

Date: August 2, 2006    

By:

  /S/    RON BISSINGER        
       

Ron Bissinger

Chief Financial Officer and Chief Operating Officer

 

3


EXHIBIT INDEX

 

99.1 Press Release dated August 2, 2006 announcing earnings for the fiscal quarter ended June 30, 2006

 

4

EX-99.1 2 dex991.htm PRESS RELEASE DTD. AUGUST 2, 2006 Press Release Dtd. August 2, 2006

Exhibit 99.1

ALPHA INNOTECH REPORTS 27% SECOND QUARTER REVENUE GROWTH

August 2, 2006 – Alpha Innotech Corp., San Leandro, California

Alpha Innotech Corp. (OTCBB:APNO), a leading provider of bioanalytical systems for drug discovery and life science research, today reported financial results for the second quarter ending June 30, 2006.

Second quarter revenues of $3.193 million increased 27% from the $2.513 million reported in the same period in 2005. The net loss of $576,000 in the second quarter ending June 30, 2006 is a 60% reduction from the $1.449 million loss reported in the comparable period of 2005.

“We are pleased to report our fourth consecutive quarter of year over year revenue growth and an increase of 7 percentage points in our gross margins from the second quarter of 2005,” stated Haseeb Chaudhry, Chief Executive Officer of Alpha Innotech. “With steps we implemented late in the second quarter to further control our operating expenses we expect to generate positive cash flow perhaps as soon as our current third quarter,” Mr. Chaudhry continued.

More information on Alpha Innotech can be found at the Company’s website www.alphainnotech.com.

About Alpha Innotech Corp.

Founded in 1992 and with over 8,000 systems sold worldwide, Alpha Innotech is a leading developer, manufacturer and marketer of digital imaging and analysis systems for the life science research and drug discovery markets. Our goal is to combine instruments, reagents and bioinformatics software to offer integrated modular technology platforms for functional genomics, proteomics and cell analysis markets. Our customers include pharmaceutical and biotechnology companies as well as universities, medical centers, government research institutes and agencies worldwide.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. These forward-looking statements involve a number of risks and uncertainties that include, but are not limited to, the Company’s need for additional financing, the timing of the introduction and success of new products, and the Company’s growth prospects, that could cause actual results to differ materially from those anticipated or planned by these forward-looking statements. Please also refer to the risk factors described in our filings with the Securities and Exchange Commission, including our recent Form 10-KSB and Form 10-QSB filed with the Securities and Exchange Commission. We do not intend to update the forward-looking information contained in this news release.

Contact:

Alpha Innotech Corp.

Ron Bissinger, COO/CFO

Tel: 510-483-9620


Alpha Innotech Corp

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

(unaudited)

 

    

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
     2006     2005     2006     2005  

Sales

   $ 3,193     $ 2,513     $ 6,151     $ 5,019  

Cost of sales

     1,509       1,368       3,017       2,773  
                                

Gross profit

     1,684       1,145       3,134       2,246  
                                
     52.7 %     45.6 %     51.0 %     44.7 %

Operating expenses:

        

Sales and marketing

     1,158       1,368       2,140       2,428  

Research and development

     410       409       737       807  

General and administrative

     608       489       1,112       775  
                                

Total operating expenses

     2,176       2,266       3,989       4,010  
                                

Income (loss) from continuing operations, before taxes

     (492 )     (1,121 )     (855 )     (1,764 )

Interest expense

     (74 )     (119 )     (158 )     (162 )

Other income (expense), net

     (10 )     1       21       1  
                                

Total other income (expense)

     (84 )     (118 )     (137 )     (161 )
                                

Income taxes

     0         0    

Net income (loss)

     (576 )     (1,239 )     (992 )     (1,925 )

Accretions on redeemable convertible preferred stock

     —         (210 )     —         (428 )
                                

Net loss applicable to common stockholders

   $ (576 )   $ (1,449 )   $ (992 )   $ (2,353 )
                                

Net income (loss) per share:

        

Basic & diluted

   $ (0.06 )   $ (0.55 )   $ (0.10 )   $ (0.89 )
                                

Shares used in computing net income (loss) per share:

        

Basic & diluted

     9,804,847       2,649,294       9,765,546       2,649,207  
                                


Alpha Innotech Corp

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

 

     June 30,
2006
    December 31,
2005
 
Assets     

Current assets:

    

Cash and cash equivalents

   $ 366     $ 546  

Accounts receivable, net

     1,547       2,411  

Inventory, net

     705       952  

Prepaid expenses and other current assets

     99       212  
                

Total current assets

     2,717       4,121  

Property and equipment, net

     1,182       1,171  

Other assets

     113       76  
                

Total assets

   $ 4,012     $ 5,368  
                
Liabilities and Stockholders Equity     

Current liabilities:

    

Accounts payable

   $ 1,577     $ 1,497  

Accrued liabilities

     1,047       1,084  

Short term debt

     1,444       1,556  

Deferred revenue

     770       775  

Other current liabilities

     192       230  
                

Total current liabilities

     5,030       5,142  

Long term debt

     500       800  
                

Total stockholders’ equity (deficit)

     (1,518 )     (574 )
                

Total liabilities and stockholders’ equity (deficit)

   $ 4,012     $ 5,368  
                
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