-----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, DkthNJo6NhXxEeXoaGYuWPDfR/uZ/gyXsampEnqxCfsWempyuylNF0hZjnWxwEg1 xD7XqKCx3DvRmC12yHwXUQ== 0001275287-05-002721.txt : 20050726 0001275287-05-002721.hdr.sgml : 20050726 20050726144109 ACCESSION NUMBER: 0001275287-05-002721 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050726 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050726 DATE AS OF CHANGE: 20050726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENCISION INC CENTRAL INDEX KEY: 0000930775 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 841162056 STATE OF INCORPORATION: CO FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11789 FILM NUMBER: 05973884 BUSINESS ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80302 BUSINESS PHONE: 3034442600 MAIL ADDRESS: STREET 1: 4828 STERLING DR CITY: BOULDER STATE: CO ZIP: 80301 FORMER COMPANY: FORMER CONFORMED NAME: ELECTROSCOPE INC DATE OF NAME CHANGE: 19960502 8-K 1 ei3156.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Message

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)   July 26, 2005

 

ENCISION, INC.


(Exact name of registrant as specified in its charter)


Colorado

 

0-28604

 

84-1162056


 


 


(State or other jurisdiction 
of incorporation)

 

(Commission
 File Number)

 

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

 

 

 

6797 Winchester Circle, Boulder, Colorado

 

80301


 


(Address of principal executive offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code  (303) 444-2600

 
 

(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):

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

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 following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

                    On July 26, 2005, ENCISION, INC., issued a press release announcing its financial results for the first quarter ended June 30, 2005.  A copy of the press release is attached hereto as Exhibit 99.1.

                    The information contained in this Current Report, including the exhibit, shall not be incorporated by reference into any filing of ENCISION, INC., whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01

Financial Statements and Exhibits.

(c)          Exhibits.

99.1

Press Release issued by ENCISION, INC., July 26, 2005.




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.

 

 

ENCISION, INC.

 

 


 

 

(Registrant)

Date July 26, 2005

 

 

 

 

/s/ MARCIA K. MCHAFFIE

 

 


 

 

Marcia K. McHaffie

 

 

Controller

 

 

Principal Accounting Officer



GRAPHIC 2 image001.jpg GRAPHIC begin 644 image001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=AF)%MY"65A"@\D`YQG9@F,TO:5GS;?"2U)ISZ,XUFTI4,]&1 M!:FTBG4=M;=.DV95#BM926DX!/3`UGOOEG;.S;O\`.*8" M%`$$$':"(%YI4M0K2>D*D3UP"B-,S8F"\IG64@:N4YSMSNV0U1#[=_NLWW][ M_P!1<(%>.G2>@>X+HI5LLMN5)Y04Z2&VVTZRU8W[.B%SC=M[S:?]4GYH6],* MB;CD4YV"4R!_NKX0R6I9%MU&UJ=.3=*;=?>9"EK*UC6/^#`KVITTC[C=M[S: M?]4GYHV4S2=;M3G&Y0+F)9QU02@OMX22=PR"6EZ&:]8OYHGM;T>UA M=S32:)22W(H6DLJ+H2G&!N).=^8!ODDLT"+CN22MB1;G)Y#RVW'.#`:2"%4#2WDMC-;=S25T23LW(MO(0TYP:@ZD`YP# MS$],&(G^A[D[.][/@3%`@(>RFQ;K]^T.W9PR5'N9;C4@ZXEYM.LIIU&JK'2.D0)^B-&_W:1[0/FC-9 M=D2-*JQJ\M7&IU20I/!R^KJ`*YBTPTQ$-*G+5[N[?N,">2G,ZBTRDRB;2XD*WX(R,QW1@H7)^G= MU:\(CA<$ZN0H[SK9PXK"$'H)Y_?$-XM-%Y,=6NJ7D'%,2R/XAY.Q1SA*3V\\ M!A>-2U\\'+X^[JGXP`@I2:#,53[4G@99/E.J_;ICC^2Z?@OB0S4BYY>HN)EW MD<`^KR1G*5=A@Y"Y*N4^G@MTBG/3[FY3R1L/^YV?E!V4==>E4./L%AP^4V3G M5_S'3#>8RK,]9JK%#I+]2FDK4RP`5!L94W(>^"OT/Z0]3/\L[^!7N@:32I: MA8HU^4NYYU=+D$3;+ZVEE+CB``G`W[]^V,S-H5[N?M%L@5XZ=+6><:!2T5JNRE-<=4TB9:G918;?95K(40#@]AABXR[L])(]G1\(@YH<)?9%DD>SH^$/^C6XJI<,I/N528#R MF7$)00@)P"#G=$G1')+^J&2Y.3%4[F[X#$ST.?UV?[J/$(IER(0(KW0;O71JU4>$J5#0EJ;.5.2VY#O6.A7Z&%NT+]GK9?%*K"'7 M))"M0I6#PDL>K.\=7Y19X5[OL:1NADO(U9:H(&$/@;%=2QSCKWB!-0T^TDUM MMQMW2DRZRX'&USSJD+&Y0.L08N40JTZ?,TK2/(R$X@(?8?*5@*!'DGGBZP(X M?QD?TP.JZZ\L%]XE*`D#`)QV#F@'R[ZE M^!"D@C<1F$+2_P`FI3O8\*H?4@)2$CY.SO>SX$Q0(#C]4(ER6/0+CKRG6ZN)6H/CZ[+:DKU]4;]7>-D# MN)B6]..^S#XPJ520K5B7,]-RY0THK7P#XU5A2%'H/5TB.7&7=GI)'LZ/A`P= M1OV0T\3$MZ<=]F'QA>L,.4K20B19=)1PCS"SNUPD*WCM2#&?C+NSTDCV='P@ MMHXH52J%SIN"92D,-E;BG-896M0(P`-V\F("ZNEU17XB&E3EJ]W=OW&+?$0T MJI8*%R?IW=6O"(SW1++F:&[J#):(OTZ62):7:3-%O8$`X M:3CIZ8[:U2I_^"3+4HH;E0"5LI.JH\^\[QU0GB4?+_`!O[3.-7(CD>\:ZI%_ MTVOW%5'SLF2RD;DM#5`ATH:9@4AA4TXM;JQK$K.3MW?I`*C6FM+J9BHZN$G* M60-,*^AQ*5R=72H!22ML$$9!&%0T:0^0E M4_`CQIA8T-?RM6_Y&OZ>?[!S]HM<1;1BPY+7X9=Y.JXTRZA: EX-99.1 3 ei3156ex991.htm

Exhibit 99.1

Encision Reports First Fiscal Quarter Revenue Increases 30%

          BOULDER, Colo., July 26 /PRNewswire-FirstCall/ -- Encision Inc.(Amex: ECI), a medical device company with patented surgical technology emerging as a standard of care in minimally-invasive surgery, reported its financial results for its first fiscal quarter ended June 30, 2005.    Revenue for the first fiscal quarter ended June 30, 2005 of $2,289,000represented a 30 percent increase over prior fiscal year’s first fiscal quarter revenue of $1,763,000.  Net income of $19,000 or $.00 per share for the first fiscal quarter compares to a net loss of $(291,000) or $(.05) per share for last year’s first fiscal quarter.  Last year’s first quarter included a one-time expense of approximately $201,000 (including attorney and arbitrator fees) for resolution of an arbitration dispute with one of Encision’s distributors.  Gross Profit Margin for the first quarter of fiscal year 2006 was 60 percent as compared to 58 percent for the first quarter of fiscal year 2005.

           “I am pleased with our results for the first quarter,” said Jack Serino,President and CEO of Encision.  “Initiatives that we began in fiscal year 2005of substantial investments in our quality systems, product development and distribution were intended to increase customer satisfaction and retention while pursuing a more direct sales focus.  These initiatives are beginning to produce positive results.”

          Encision Inc. designs and manufactures innovative surgical devices that allow the surgeon to optimize technique and patient safety during a broad range of surgical procedures.  Based in Boulder, Colorado, the Company pioneered the development of patented AEM(R) Laparoscopic Instruments to improve electro surgery and reduce the chance for patient injury in minimally invasive surgery.

          In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that statements in this press release and elsewhere that look forward in time, which include everything other than historical information, involve risks and uncertainties that may cause actual results to differ materially from those indicated by the forward-looking statements.  Factors that could cause the Company’s actual results to differ materially include, among others, its ability to increase revenues through the Company’s distribution channels, insufficient quantity of new account conversions, insufficient cash to fund operations, scale up production to meet delivery obligations, delay in developing new products and receiving FDA approval for such new products and other factors discussed in the Company’s filings with the Securities and Exchange Commission.

          CONTACT:  Marcia McHaffie, Encision Inc., 303-444-2600, mmchaffie@encision.com



ENCISION INC.
Results of Operations
(Unaudited)

 

 

Three Months Ended June 30,

 

 

 


 

 

 

2005

 

2004

 

 

 


 


 

Net Revenue

 

$

2,289,000

 

$

1,763,000

 

Cost of Revenue

 

 

904,000

 

 

747,000

 

Gross Profit

 

 

1,385,000

 

 

1,016,000

 

Gross Margin

 

 

60.5

%

 

57.6

%

Operating Expenses

 

 

1,371,000

 

 

1,307,000

 

Operating Income (Loss)

 

 

14,000

 

 

(291,000

)

Net Income (Loss)

 

$

19,000

 

$

(291,000

)

Net Income (Loss) per Share

 

$

.00

 

$

(.05

)

ENCISION INC.
Condensed Balance Sheets
(Unaudited)

 

 

June 30,

 

June 30,

 

 

 

2005

 

2004

 

 

 


 


 

Cash and Cash Equivalents

 

$

1,115,000

 

$

1,409,000

 

Current Assets

 

 

3,756,000

 

 

3,531,000

 

Total Assets

 

 

4,278,000

 

 

3,979,000

 

Current Liabilities

 

 

1,210,000

 

 

1,145,000

 

Shareholders’ Equity

 

 

3,068,000

 

 

2,823,000

 

Total Liabilities and Shareholders’ Equity

 

$

4,278,000

 

$

3,979,000

 

SOURCE  Encision Inc.
    - -0-                             07/26/2005
    /CONTACT:  Marcia McHaffie of Encision Inc., +1-303-444-2600, mmchaffie@encision.com/
    /Web site:  http://www.encision.com /

_


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