8-K 1 d8k.htm CURRENT REPORT DATED 05/01/2003 Current Report dated 05/01/2003

 

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): May 1, 2003

 

 

Radiant Systems, Inc.

(Exact name of registrant as specified in its charter)

 

 

Georgia

  

0-22065

  

11-2749765

(State or other jurisdiction of incorporation)

  

(Commission File Number)

  

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

         

3925 Brookside Parkway,

Alpharetta, Georgia

      

30022

(Address of principal executive office)

      

(Zip Code)

 

 

Registrant’s telephone number, including area code: (770) 576-6000

 

 

(Former name or former address if changed since last report)

 

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Item 7.     Financial Statements and Exhibits.

 

  (a)   Financial Statements: None

 

  (b)   Pro Forma Financial Statements: None

 

  (c)   Exhibits. The following exhibits are filed with this Report:

 

        99.1—Press Release of the Registrant (May 1, 2003)

 

Item 9.    Regulation FD Disclosure

 

The information included in this section is being forwarded pursuant to Item 12. “Results of Operations and Financial Condition” and is included under this Item 9 in accordance with SEC Release No. 33-8216.

 

On May 1, 2003, the Company issued a press release announcing its financial results for the three months ended March 31, 2003. A copy of the press release is filed herewith as Exhibit 99.1. The press release includes a “non-GAAP financial measure”, as such term is defined in Regulation G under the Securities Act of 1933, as amended, with respect to the inclusion of “net loss before certain lease settlement costs.” The net loss before lease settlement costs is included to provide additional information as these costs are an unusual item for the Company which relate to lease settlement fees associated with the closure of certain offices in California in January 2001. A reconciliation of this non-GAAP financial measure to net loss determined in accordance with GAAP is as follows:

 

RADIANT SYSTEMS, INC.

Reconciliation of Net (Loss) Income Before Non-Recurring Charges to Net (Loss) Income

 

      

For the three months ended

      

March 31, 2003

       

March 31, 2002

Net (loss) income before non-recurring charges

     

$

(2,671

)

     

$

1,497

Non-recurring charges:

                    

Lease commitment fees

     

 

550

 

     

 

—  

      
    

Net (loss) income

     

$

(3,221

)

     

$

1,497

      
    

Basic (loss) income per share:

                    

(Loss) income before nonrecurring charges

     

$

(0.10

)

     

$

0.05

Non-recurring charges

     

 

0.01

 

     

 

—  

      
    

Total basic (loss) income per share

     

$

(0.11

)

     

$

0.05

      
    

Diluted (loss) income per share:

                    

(Loss) income before nonrecurring charges

     

$

(0.10

)

     

$

0.05

Non-recurring charges

     

 

0.01

 

     

 

—  

      
    

Total diluted (loss) income per share

     

$

(0.11

)

     

$

0.05

      
    

Weighted average shares outstanding:

                    

Basic

     

 

28,011

 

     

 

27,560

      
    

Diluted

     

 

28,011

 

     

 

29,006

      
    

 

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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.

 

RADIANT SYSTEMS, INC.

By:

  

/s/    JOHN H. HEYMAN        

   

John H. Heyman

Co-Chief Executive Officer

 

Dated: May 5, 2003

 

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EXHIBIT INDEX

 

Exhibit

Number

   

Exhibit Name

99.1

   

Press Release dated May 1, 2003