-----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, PVanlwE/gyJXetqEI0QdrQyyrJmIWKCG37EZlpjQHlgctz4h6fb1X1EOoKOr0Osx IGug80I47fDtwj2VDDjnYw== 0001275287-05-000987.txt : 20050316 0001275287-05-000987.hdr.sgml : 20050316 20050316130730 ACCESSION NUMBER: 0001275287-05-000987 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050315 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050316 DATE AS OF CHANGE: 20050316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIBERSTARS INC /CA/ CENTRAL INDEX KEY: 0000924168 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 943021850 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24230 FILM NUMBER: 05684377 BUSINESS ADDRESS: STREET 1: 44259 NOBEL DRIVE CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 5104900719 MAIL ADDRESS: STREET 1: 44259 NOBEL DRIVE CITY: FREMONT STATE: CA ZIP: 94538 8-K 1 fi2279.txt ================================================================================ 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): March 15, 2005 FIBERSTARS, INC. (Exact name of registrant as specified in its charter) California 0-24230 94-3021850 - ------------------------------- ------------------------ ---------------------- (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification Number) 44259 Nobel Drive Fremont, California 94538 ---------------------------------------- -------------------- (Address of principal executive offices) (Zip Code) (510) 490-0719 ------------------------------- (Registrant's telephone number, including area code) 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 obligations 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 The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing. On March 15, 2005, Fiberstars, Inc. issued a press release revising its financial results for the quarter ended December 31, 2004. A copy of the earnings release is furnished herewith as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit No. Description ----------- ----------------------------------- 99.1 Press Release dated March 15, 2005. 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. Dated: March 15, 2005 FIBERSTARS, INC. By /s/ Robert A. Connors ----------------------------- Name: Robert A. Connors Title: Chief Financial Officer EXHIBIT INDEX Exhibit Number Description - ------- ----------------------------------- 99.1 Press Release dated March 15, 2005. EX-99.1 2 fi2279ex991.txt EXHIBIT 99.1 FIBERSTARS REVISES 4TH QUARTER RESULTS FREMONT, Calif., March 15 /PRNewswire-FirstCall/ -- Fiberstars, Inc. (Nasdaq: FBST) today announced a change in its results for the fourth quarter and year ended 2004. The fourth quarter net loss was $341,000 ($0.05 per diluted share), vs. a profit of $110,000 ($0.10 per diluted share) in the same period a year ago. Revenue in the fourth quarter of 2004 was $7,840,000, 6% over revenue of $7,418,000 in the fourth quarter a year ago. For the year 2004, the Company had a net loss of $704,000 ($0.10 per diluted share) vs. a loss of $608,000 ($0.10 per diluted share) during the year 2003. Revenue in 2004 was $29,731,000, an increase of 9% over $27,238,000 in 2003. In its prior announcement of February 23, 2005, Fiberstars had reported a net loss of $213,000 ($0.03 per diluted share) for the fourth quarter and a loss of $577,000 ($0.08 per diluted share) for the year 2004. Both amounts were adjusted to reflect a non-cash charge of $120,000 for a change in accounting for options granted to one of its directors, Jeff Brite, for work he is performing which we anticipate will expand the market for Fiberstars' EFO product for use by lighting designers and for use in commercial buildings. In the prior earnings release the options had been valued under the intrinsic method, and are now re-valued under the fair value method. About Fiberstars Fiberstars is the world's leading supplier of fiber optic lighting. Fiberstars products are designed, manufactured and marketed in the commercial lighting, sign and swimming pool and spa markets. Fiber optic lighting provides aesthetic, safety, energy savings and maintenance cost benefits over conventional lighting. Fiberstars has 40 patents on its technologies for fiber optic lighting. Customers include fast food restaurant chains, theme parks and casinos, hotels, retail stores, swimming pool builders, spa manufacturers and many others. Company headquarters are located at 44259 Nobel Dr., Fremont, California. The Company has additional offices in Solon, Ohio, New York City, England and Germany. Telephone 510-490-0719. Web site: www.fiberstars.com. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding anticipated benefits from expansion plans involving EFO(R), including anticipated benefits from Mr. Brites' work which toward the expected expansion of the market for Fiberstars' EFO product for use by lighting designers and for use in commercial buildings. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results predicted. Risk factors that could affect the Company's future include, but are not limited to, the slowing U.S. and world economy and its effects on Fiberstars' markets, failure to develop marketable products from new technologies, failure of EFO or other new products to meet performance expectations, unanticipated costs of integrating acquisitions into the Fiberstars operation, delays in manufacturing of products, increased competition, other adverse sales and distribution factors and greater than anticipated costs and/or warranty expenses. For more information about potential factors which could affect Fiberstars financial results, please refer to Fiberstars' SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2004. These forward-looking statements speak only as of the date hereof. Fiberstars disclaims any intention or obligation to update or revise any forward-looking statements. SOURCE Fiberstars, Inc. -0- 03/15/2005 /CONTACT: David Ruckert or Bob Connors, CFO, both of Fiberstars, Inc., +1-510-490-0719/ /Web site: http://www.fiberstars.com / -----END PRIVACY-ENHANCED MESSAGE-----