-----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, J/AomvwY3N0nLoFdJTTvGP5bK6bjQhCrqDNT9QXqmxZFpJHkDZw8HT+JZPvQALf7 YCVnezzXm6N9CtexRAhR5Q== 0000088000-07-000023.txt : 20070813 0000088000-07-000023.hdr.sgml : 20070813 20070813153617 ACCESSION NUMBER: 0000088000-07-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20070813 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070813 DATE AS OF CHANGE: 20070813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCOTTS LIQUID GOLD INC CENTRAL INDEX KEY: 0000088000 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 840920811 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13458 FILM NUMBER: 071048866 BUSINESS ADDRESS: STREET 1: 4880 HAVANA ST CITY: DENVER STATE: CO ZIP: 80239 BUSINESS PHONE: 3033734860 MAIL ADDRESS: STREET 1: PO BOX 39S CITY: DENVER STATE: CO ZIP: 80219-0019 8-K 1 r8k063007.txt 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 10, 2007 SCOTT'S LIQUID GOLD-INC. (Exact name of Registrant as specified in its charter) Colorado 001-13458 84-0920811 (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 4880 Havana Street, Denver, CO 80239 (Address of principal executive offices) (Zip Code) Registrant's telephone number: (303) 373-4860 Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] 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 August 10, 2007, Scott's Liquid Gold-Inc. announced in a press release its operating results for the second quarter and first six months of 2007. The press release is attached as Exhibit 99. Item 9.01 Financial Statements and Exhibits. Exhibits. The following exhibit accompanies this Report: Exhibit No. Document 99 Press Release dated August 10, 2007 concerning results of operations. 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. SCOTT'S LIQUID GOLD-INC. (Registrant) Date: August 13, 2007 /s/ Jeffry B. Johnson ------------------------ By: Jeffry B. Johnson Chief Financial Officer and Treasurer EXHIBIT INDEX Exhibit Number Document 99 Press Release dated August 10, 2007 concerning results of operations. EX-99 2 r8kex99.txt EXHIBIT 99 For Immediate Release SCOTT'S LIQUID GOLD-INC. ANNOUNCES SECOND QUARTER OPERATING RESULTS DENVER, Colorado (August 10, 2007) -- Scott's Liquid Gold-Inc. (OTC BB: "SLGD"), which develops, manufactures and markets household and skin care products, today announced its operating results for the second quarter and first six months of the year 2007. For the three months ended June 30, 2007, net sales were $4,304,200 compared with net sales of $4,133,300 in the second quarter of the previous year, an increase of $170,900 or 4.1%. The Company reported a net loss for the second quarter of 2007 of $357,600, or ($0.03) per share, versus a net loss of $859,900, or ($0.08) in the same period of the prior year. Net sales for the six months ended June 30, 2007 totaled $8,480,000, compared with $8,289,100 in 2006, an increase of $190,900 or 2.3%. The Company reported a first half 2007 net loss of $789,800, or ($0.07) per share, as compared with a net loss of $1,907,600, or ($0.18) per share, in the six months ended June 30, 2006. Mark E. Goldstein, Chairman of the Board and Chief Executive Officer of Scott's Liquid Gold-Inc., commented: "During the first half of 2007, we experienced a decrease in sales of our Scott's Liquid Gold household chemical products, while experiencing an increase in sales of our Montagne Jeunesse line of skin care products and an increase in sales of our Alpha Hydrox skin care products. The decrease in our loss for the first half of 2007 compared to the first half of 2006 resulted primarily from a reduction in our operating costs and expenses, including the reduction of advertising." Scott's Liquid Gold-Inc.'s products, include Scott's Liquid Gold wood cleaners/preservatives, Scott's Liquid Gold Mold Control 500, Touch of Scent air fresheners, Alpha Hydrox skin care products, and Neoteric Diabetic Skin Care products. Scott's Liquid Gold-Inc. also distributes skin care and other sachets of Montagne Jeunesse. The Company is headquartered in Denver, Colorado, and its common stock trades on the OTC Bulletin Board under the symbol "SLGD". Additional information on Scott's Liquid Gold-Inc. and its products can be accessed on the World Wide Web: www.scottsliquidgold.com, www.alphahydrox.com, www.touchofscent.com, and www.neotericdiabetic.com. This press release may contain "forward-looking" statements within the meaning of U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the Company's performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of each of our significant products in the marketplace; the degree of success of any new product or product line introduction by us; uncertainty of consumer acceptance of the new Alpha Hydrox products introduced in 2005, and Mold Control and wood wash products; competitive factors; any decrease in distribution of (i.e., retail stores carrying) our significant products; continuation of our distributorship agreement with Montagne Jeunesse; the need for effective advertising of our products; limited resources available for such advertising; new competitive products and/or technological changes; dependence upon third party vendors and upon sales to major customers; changes in the regulation of our products, including applicable environmental regulations; the effect of these and other risk factors on our liquidity; the loss of any executive officer; and other risks discussed in this release and in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. For further information, please contact: Jeffry B. Johnson at (303) 373-4860 SCOTT'S LIQUID GOLD-INC. & Subsidiaries CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Six Months Ended ------------------------- ------------------------- June 30, June 30, 2007 2006 2007 2006 ----------- ----------- ----------- ----------- Net sales $ 4,304,200 $ 4,133,300 $ 8,480,000 $ 8,289,100 Operating costs and expenses: Cost of sales 2,340,600 2,567,400 4,687,100 4,810,900 Advertising 88,800 107,600 201,100 701,300 Selling 1,379,000 1,410,200 2,634,400 2,835,700 General and administrative 768,800 863,200 1,582,900 1,775,300 ----------- ----------- ----------- ----------- 4,577,200 4,948,400 9,105,500 10,123,200 ----------- ----------- ----------- ----------- Loss from operations (273,000) (815,100) (625,500) (1,834,100) Interest income 19,600 14,300 43,800 26,900 Interest expense (104,200) (59,100) (208,100) (100,400) ----------- ----------- ----------- ----------- (357,600) (859,900) (789,800) (1,907,600) Income tax expense (benefit) - - - - ----------- ----------- ----------- ----------- Net loss $ (357,600) $ (859,900) $ (789,800) $(1,907,600) =========== =========== =========== =========== Net loss per common share: Basic and Diluted $ (0.03) $ (0.08) $ (0.07) $ (0.18) =========== =========== =========== =========== Weighted average shares outstanding: Basic and Diluted 10,533,000 10,503,000 10,533,000 10,503,000 =========== =========== =========== =========== 8-K 3 r8k063007pdf.pdf begin 644 r8k063007pdf.pdf M)5!$1BTQ+C(@#27BX\_3#0H@#3@@,"!O8FH-/#P-+TQE;F=T:"`Y(#`@4@TO M1FEL=&5R("]&;&%T941E8V]D92`-/CX-::=-'XRC!&T=*R/96?CWO?Y*L,$V4[J%&89( MD>[1/>>>>W_QSRS"P*'4=`8`_N2,0/:KMG#V\PV!4;&\.2,FS?X)<0_\[V!X MT_'7Y?-%O-S\+_EEVK MI&7-JH&R6!>HF\7R%MS\F_:PQ&!6^EF.;=(6Y2Y5.@SB!1(+'PT3(&*@-4@$=K(SUZASD!I('GFVF2B2" M:Y@^A@]!O.5P'2;9-AW9+`_%+-*#D+8QT%SS?SI)9S3H>L$D2'B&8LGW4B6P M.B[P0$4(-P%^X/A`E>]S?-(57*?;%#>*_+!*208EA;:."Q>H..+4N6X3>!UE MF[A>>^NE8W4]T!LO?/^#!U]FOWZ=3>#CXLND@$E9B_QF\[%9E&6?8NQ.J:^, M^KW3QP`9CX-=F?"MT(G*Q!-HT'L>BHW@:Q`QB$0#:@33K5;G1?JHVPV%O6H0 M3B?U8QE)%:PEU'X(H45^!J0E/]1F`[=^R&4E]6TE3486<2DM==[WED[8QZ`K MPTMRL2J06&/JV<98[G9"ZZPX^H_/T]=D:ZPHY#X/\P%P6<.R*:<,LR:=]^1IT>M0I MHHA#J;",\X#5Y:RO]3#6K,)19T*8ZQ+X%!R".``O49PGV'YX?.#J`OM>73;$ MLHN&9+D]`B]@O*A].K"[2_!ZO59NSCLMTIWU/=?]"0\(CO'V3,(<[U<84P;&(C'-NQ2P]J M*T/F#LF;;,IVVKRUW1H>>/AWWKB"_5Y)S%Q6:/?R$>YY)+^#*+K:C52[LIE; 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