-----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, OIKvylJTGXXJ+ahtj/38lN+dTqdtX6HmA06al2W6CHzUJGV9J4MeQcpHrwvXMVI8 UD6rBAm0oFy41jIKroHSLw== 0000950134-04-011444.txt : 20040805 0000950134-04-011444.hdr.sgml : 20040805 20040805163152 ACCESSION NUMBER: 0000950134-04-011444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040805 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXYS CORP /DE/ CENTRAL INDEX KEY: 0000945699 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770140882 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26124 FILM NUMBER: 04955095 BUSINESS ADDRESS: STREET 1: 3540 BASSETT ST CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4089540500 MAIL ADDRESS: STREET 1: 3540 BASSETT STREET CITY: SANTA CLARA STATE: CA ZIP: 95054 FORMER COMPANY: FORMER CONFORMED NAME: PARADIGM TECHNOLOGY INC /DE/ DATE OF NAME CHANGE: 19951031 8-K 1 f00937e8vk.htm FORM 8-K e8vk
Table of Contents

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: August 5, 2004
(Date of earliest event reported)

IXYS CORPORATION

(Exact name of registrant as specified in its charter)
         
Delaware   000-26124   77-0140882
  		 
  		 
 
(State or other jurisdiction
of incorporation) 		  (Commission File No.)   (IRS Employer
Identification No.)

3540 Bassett Street
Santa Clara, CA 95054

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (408) 982-0700

NOT APPLICABLE

(Former name or former address, if changed since last report.)

 

TABLE OF CONTENTS

Item 7. Financial Statements and Exhibits
Item 12. Results of Operations and Financial Condition
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

Table of Contents

     This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results and developments may differ materially from those described or incorporated by reference in this Report. For more information about IXYS Corporation (“IXYS”) and risks arising when investing in IXYS, investors are directed to IXYS’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission.

Item 7. Financial Statements and Exhibits

     (c) Exhibits

     The following exhibit is furnished (not filed) herewith:

     
Exhibit
Number
   Description
99.1
  Text of press release issued by IXYS Corporation, dated August 5, 2004.

Item 12. Results of Operations and Financial Condition

     The following information is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

     On August 5, 2004, IXYS issued a press release. The text of IXYS’s press release is attached hereto as Exhibit 99.1.

 

Table of Contents

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 thereunto duly authorized.
         
  IXYS CORPORATION
 		  
  By:   /s/ Arnold P. Agbayani    
    Arnold P. Agbayani, Senior   
    Vice President, Finance and Chief Financial Officer (Principal Financial Officer)   
 

Date: August 5, 2004

 

Table of Contents

EXHIBIT INDEX

     
Exhibit    
Number
   Description
99.1*
  Text of press release issued by IXYS Corporation, dated August 5, 2004.

* Furnished, not filed.    

 

EX-99.1 2 f00937exv99w1.txt EXHIBIT 99.1 Exhibit 99.1 Contact: Arnold Agbayani SR. VICE PRESIDENT, FINANCE & CFO IXYS Corporation 3540 Bassett Street Santa Clara, California 95054 (408) 982-0700 IXYS CORPORATION ANNOUNCES RECORD REVENUES FOR THE JUNE 30, 2004 QUARTER SANTA CLARA, CALIF. August 5, 2004 -- IXYS Corporation (NASDAQ:SYXI) today released its financial results for its first fiscal quarter ended June 30, 2004. For the first fiscal quarter ending June 30, 2004, IXYS reported record net revenues of $60.0 million, compared with net revenues of $40.1 million for the same period in fiscal year 2004, which represented 49.5% period-to-period revenue growth. Sequentially, revenues increased 11.7% from the $53.7 million reported for the quarter ended March 31, 2004. Gross profit was $17.2 million, or 28.6% of net revenues, for the quarter ended June 30, 2004, as compared to gross profit of $12.3 million, or 30.8% of net revenues, for the same quarter in the prior fiscal year. Net income for the fiscal quarter ending June 30, 2004 was $1.9 million, or $0.05 per diluted share, as compared to a net income of $443,000 or $0.01 per diluted share in the same quarter for the prior fiscal year. First quarter results include charges for litigation related costs of about $1.5 million. "IXYS has demonstrated ten consecutive quarters of revenue growth, with eight consecutive quarters of record revenues. We ended our June quarter with a record backlog of $81.1 million. We continue to see strength in Asia in the plasma display panel business and are now beginning to see the effects of our efforts to reduce our costs in that market. We are on target in our goal of improving profitability," commented Dr. Nathan Zommer, Chief Executive Officer. "We have seen strong revenue growth in our June quarter; however, summer vacations could affect our September quarter revenues," said Arnold Agbayani, Chief Financial Officer. "Therefore, we expect revenues for the September quarter to be relatively flat as compared to the June quarter." IXYS develops and markets primarily high performance power semiconductors and control ICs that are used in controlling and converting electrical power efficiently in power systems for telecommunication infrastructure, motor drives, medical systems and transportation. IXYS also serves emerging markets with digital and analog ICs that control flat panel displays, medical instruments and telecommunication products. SAFE HARBOR STATEMENT The foregoing press release contains forward-looking statements. Forward-looking statements include those regarding record backlog, strength in Asia, cost reductions efforts, the goal of improving profitability and our expectations for revenues in the September quarter. Actual results may vary materially from those contained in the forward-looking statements, due to changes in customer delivery schedules, the cancellation of orders, an unanticipated decline in our turns business or an unexpected increase or leveling of our costs, among other things. Further information on other factors that could affect IXYS is detailed and included in IXYS' Form 10-K for the fiscal year ended March 31, 2004, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements. Additional information may be obtained by visiting IXYS' website at http://www.ixys.com, or by contacting the company directly. IXYS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT SHARE DATA) (UNAUDITED)
June 30, March 31, 2004 2004 --------- --------- ASSETS Current assets: Cash and cash equivalents $ 43,059 $ 43,199 Accounts receivable, net 38,422 33,131 Inventories, net 48,916 48,055 Prepaid expenses 2,532 1,710 Deferred income taxes 8,090 7,769 --------- --------- Total current assets 141,019 133,864 Plant and equipment, net 24,746 26,147 Other assets 28,119 28,755 Deferred income taxes 9,405 9,503 --------- --------- Total assets $ 203,289 $ 198,269 ========= ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of capitalized lease obligations $ 3,078 $ 3,447 Current portion of notes payable to bank 800 800 Accounts payable 16,473 15,277 Accrued expenses and other liabilities 20,888 18,094 --------- --------- Total current liabilities 41,239 37,618 Capitalized lease and other long term obligations, net of current portion 2,397 3,061 Pension liabilities 12,300 12,059 --------- --------- Total liabilities 55,936 52,738 --------- --------- Common stock, $0.01 par value: Authorized: 80,000,000 shares; 33,099,002 issued and 32,988,700 outstanding at June 30, 2004 and 33,018,675 issued and 32,923,373 outstanding at March 31, 2004 331 331 Additional paid in capital 150,895 150,617 Notes receivable from stockholders (1,303) (1,388) Accumulated deficit (8,887) (10,750) Accumulated other comprehensive income 6,317 6,721 --------- --------- Total stockholders' equity 147,353 145,531 --------- --------- Total liabilities and stockholders' equity $ 203,289 $ 198,269 ========= =========
IXYS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED)
Three Months Ended June 30, ---------------------- 2004 2003 -------- -------- Net revenues $ 59,954 $ 40,096 Cost of goods sold 42,779 27,755 -------- -------- Gross profit 17,175 12,341 -------- -------- Operating expenses: Research, development and engineering 4,552 4,035 Selling, general and administrative 7,902 6,489 -------- -------- Total operating expenses 12,454 10,524 -------- -------- Operating income 4,721 1,817 Other expense, net (1,677) (1,135) -------- -------- Income before income tax provision 3,044 682 Income tax provision 1,181 239 -------- -------- Net income $ 1,863 $ 443 ======== ======== Net income per share - basic $ 0.06 $ 0.01 ======== ======== Weighted average shares used in per share calculation - basic 32,952 31,972 ======== ======== Net income per share - diluted $ 0.05 $ 0.01 ======== ======== Weighted average shares used in per share calculation - diluted 35,049 33,116 ======== ========
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