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

Date of Report (Date of earliest event reported): February 17, 2005

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 offices)	(Zip Code)

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

(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-4(c))

Item 2.02. Results of Operations and Financial Condition

On February 17, 2005, Radiant Systems, Inc. issued a press release announcing fourth quarter and year end 2004 financial results. The press release is attached as Exhibit 99.1 to this Form 8-K. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934 and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits

The following exhibit is being furnished with this report pursuant to Item 2.02 of this Form 8-K:

Exhibit No.	Description
99.1	Press Release Regarding Financial Results for the Fourth Quarter and Year Ended December 31, 2004

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/ Mark E. Haidet
	Mark E. Haidet
	Chief Financial Officer

Dated: February 18, 2005

EXHIBIT INDEX

Exhibit Number	Exhibit Name
99.1	Press Release dated February 17, 2005

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

For More Information,

Please Contact

Mark Haidet – Chief Financial Officer (770) 576-6404

Melissa Coley - Investor Relations (770) 576-6577

Radiant Systems, Inc. Reports Strong Fourth Quarter Results

Continued strong growth results in adjusted earnings of $.10 per diluted share in the fourth quarter and increased guidance for 2005

ATLANTA—(BUSINESS WIRE)—Feb. 17, 2005—Radiant Systems, Inc. (NASDAQ: RADS - News), a leading provider of innovative technology for the hospitality, petroleum and convenience store and entertainment industries, today announced financial results for the fourth quarter ended Dec. 31, 2004.

Summary financial results for the fourth quarter of 2004 are as follows:

• Total revenues for the period were $39.8 million, an increase of 78.7 percent over revenues of $22.3 million for the same period in 2003.

• Net income before discontinued operations for the period was $1.7 million, or approximately $0.06 per diluted share, an improvement of $4.5 million, or $0.16 per diluted share, compared to the same period in 2003.

• Net income for the period was $1.7 million, or approximately $0.06 per diluted share, an improvement of $7.1 million, or $0.25 per diluted share, compared to the same period in 2003.

• Adjusted net income (non-GAAP) from continuing operations for the period, which excludes amortization of acquisition related intangible assets and non-recurring charges, was $2.9 million or $0.10 per diluted share, an increase of $4.8 million or $.17 per diluted share, compared to the same period last year.

Summary financial results for the year ended Dec. 31, 2004 are as follows:

• Total revenues were $134.9 million, an increase of 43.6 percent over revenues of $93.9 million for 2003.

• Net income from continuing operations was $1.5 million, or approximately $0.05 per diluted share, an improvement of $7.4 million, or $0.26 per diluted share, compared to 2003.

• Net income was $4.2 million or approximately $0.14 per diluted share, an increase of $51.9 million, or $1.85 per diluted share, compared to 2003.

• Adjusted net income (non-GAAP) from continuing operations for the period, which excludes amortization of acquisition related intangible assets and non-recurring charges, was $6.4 million or $.22 per diluted share, an increase of $9.7 million or $.34 per diluted share, compared to 2003.

John Heyman, the Company’s chief executive officer commented, “Our 2004 results demonstrate the strength of our product and service capabilities across the globe. We have built the foundation for long term profitable growth and we are seeing acceleration in our business model. We are delivering excellent value to our customers with a superior product suite, service oriented channel partners and an outstanding group of committed employees. These ingredients will fuel our ongoing growth.”

Mark Haidet, the Company’s chief financial officer commented, “The business continues to track against our long term business model. We have demonstrated our ability to grow while better leveraging our cost structure and strengthening our balance sheet. Our operating margin showed steady improvement throughout the year with a fourth quarter operating margin of eight percent. We generated more than $1.8 million of free cash flow during the fourth quarter and $6.2 million for the year.”

Haidet added, “Growth and success across the business in 2004 has increased our visibility and allowed us to increase our guidance for 2005. The Company is increasing guidance for the full year with a revenue range of $155 million to $160 million and adjusted earnings of $.30 to $.38 per diluted share. For the first quarter of 2005, the Company is providing guidance with a revenue range of $34 million to $36 million and adjusted earnings of $.05 to $.06 per diluted share. We expect revenues and earnings to increase throughout the year subsequent to the seasonality of the first quarter.”

On Jan. 31, 2004 the Company completed the disposition of its Enterprise Software Systems segment. The historical financial statements for Dec. 31, 2003 have been reclassified with the Enterprise Software Systems segment reported in discontinued operations for comparability with the 2004 financial statements. Additionally, on Jan. 12, 2004 the Company completed its acquisition of Aloha Technologies (“Aloha”). All Aloha operations are included in the Company’s 2004 financial statements as of the date of the acquisition.

The Company provides adjusted net income/(loss) and adjusted net income/(loss) per share in this press release as additional information relating to the Company’s operating results. The measures are not in accordance with, or an alternative for, generally accepted accounting practices (“GAAP”) and may be different from adjusted net income measures used by other companies. Net income/(loss) has been adjusted to exclude amortization of acquisition related intangible assets and non-recurring charges. The Company believes that this non-GAAP presentation provides useful information to investors regarding certain additional financial and business trends relating to the Company’s financial condition and results of operations, and valuable insight into the Company’s ongoing operations and earnings power.

Radiant will hold its fourth quarter 2004 conference call today at approximately 5 p.m. Eastern Time. This call is being Web cast by CCBN and can be accessed at http://phx.corporate-ir.net/phoenix.zhtml?c=115271&p=irol-irhome. The call will also be available via telephone at 1-888-765-3648 – conference ID# 121044.

Founded in 1985, Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience store, and entertainment industries. Radiant’s point-of-sale, self-service kiosk, and back-office technology enables operators to drive top-line growth and improve bottom-line performance. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 50,000 sites worldwide.

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations, including the Company’s projected revenues and earnings per share guidance; (iii) the Company’s growth strategy and operating strategy; (iv) the Company’s new or future product offerings, and (v) the declaration and payment of dividends. The words “may,” “would,” “could,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plans,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s filings with the Securities and Exchange Commission.

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