-----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, QAGgiVEKO0yMHKsu3OnMqQaMkttlnMyLLMH7bdGuC+9XJwdpDW/Y0l1ZBg1k3tXy Ydpzn/S3BldyRcLXa3Wt6w== 0000950148-96-001488.txt : 19960729 0000950148-96-001488.hdr.sgml : 19960729 ACCESSION NUMBER: 0000950148-96-001488 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960726 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MRV COMMUNICATIONS INC CENTRAL INDEX KEY: 0000887969 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 061340090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-00210 FILM NUMBER: 96599413 BUSINESS ADDRESS: STREET 1: 8917 FULLBRIGHT AVE CITY: CHATSWORTH STATE: CA ZIP: 91311 BUSINESS PHONE: 8187739044 MAIL ADDRESS: STREET 1: 8943 FULLBRIGHT AVE CITY: CHATSWORTH STATE: CA ZIP: 91311 424B3 1 SUPPLEMENT #1 TO PROSPECTUS DATED 6/21/96 1 Filed under Rules 424(b)(3) and (c) File No. 333-210 MRV COMMUNICATIONS, INC. SUPPLEMENT NO. 1 TO PROSPECTUS DATED JUNE 21, 1996 Financial Results for the Three and Six Months ended June 30, 1996 On June 22, 1996 the Company announced its financial results for the three and six months ended June 30, 1996. The Company's condensed consolidated statements of operations follow.
(Unaudited in thousands, except share data) 3 Months Ended 6 Months Ended -------------------------- -------------------------- June 30, June 30, June 30, June 30, 1996 1995 1996 1995 ----------- ---------- ----------- ---------- REVENUES, net $ 19,586 $ 8,310 $ 35,115 $ 15,047 COSTS AND EXPENSES: Cost of goods sold 11,411 4,835 20,400 9,095 Research and development expenses 1,992 800 3,676 1,502 Selling, general and administrative expenses 2,959 1,454 5,095 2,371 Purchased technology in progress - 6,211 - 6,211 Restructuring costs - 1,465 - 1,465 ----------- ---------- ----------- ---------- Operating income (loss) 3,224 (6,455) 5,944 (5,597) Other income 84 181 164 408 Provision (Credit) for income taxes 962 (1,567) 1,883 (1,187) Minority interests - - 63 - ----------- ---------- ----------- ---------- NET INCOME (LOSS) $ 2,346 $ (4,707) $ 4,162 $ (4,002) =========== ========== =========== ========== EARNINGS (LOSS) PER SHARE: $ 0.21 $ (0.51)* $ 0.38 $ (0.44)* =========== ========== =========== ========== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: 11,101,990 9,246,039 11,023,369 9,062,040 =========== ========== =========== ==========
- --------------- * On a pro forma basis net income without nonrecurring charges for purchased technology in progress and restructuring costs, which totaled $5,618,000, net of income tax effects, was $911,000 and $1,616,000 for the three months and six months ended June 30, 1995, respectively. On an earnings per share basis, pro forma net income was $0.10 and $0.18 for the three months and six months ended June 30, 1995, without the nonrecurring charges. Two-for-one stock split On July 11, 1996, the Company's shareholders approved a two-for-one stock split of outstanding Common Stock. The record date for the stock split is July 29, 1996 and the distribution date is July 31, 1996. THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JULY 23, 1996 -----END PRIVACY-ENHANCED MESSAGE-----