-----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, RGnIXjsngeV8mmengBj3iuGgvdLgYwAswX1yAr1FYtZVkBibQI66W0TyJkePl2H9 ajHgWN5q0zSywO2IGln/ZA== /in/edgar/work/0001012870-00-005299/0001012870-00-005299.txt : 20001019 0001012870-00-005299.hdr.sgml : 20001019 ACCESSION NUMBER: 0001012870-00-005299 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001017 ITEM INFORMATION: FILED AS OF DATE: 20001018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IXYS CORP /DE/ CENTRAL INDEX KEY: 0000945699 STANDARD INDUSTRIAL CLASSIFICATION: [3674 ] IRS NUMBER: 770140882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26124 FILM NUMBER: 742172 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 0001.txt FORM 8-K 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): October 17, 2000 IXYS CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 000-26124 77-0140882-5 (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.) ________________ Item 5. Other Events 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. The forward- looking statements contained herein involve risks and uncertainties. Actual results and developments may differ materially from those described or incorporated by reference in this Report. For more information about Registrant and risks arising when investing in Registrant, investors are directed to Registrant's most recent Report on Form 10-K, as amended, as filed with the Securities and Exchange Commission. On October 17, 2000, Registrant announced financial results for the three and six month periods ended September 30, 2000. A copy of the press release of Registrant is included herein as Exhibit 99.1. Such press release is incorporated by reference into this Item 5. (c) Exhibits Exhibit Number Description ------ ----------- 99.1 Press Release, dated October 17, 2000. 2 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. IXYS CORPORATION Dated: October 17, 2000 By: /s/ Arnold Agbayani ________________________________________ Arnold Agbayani Vice President, Chief Financial Officer and Director (Principal Financial Officer) 3 EXHIBIT INDEX 99.1 Press release dated October 17, 2000. EX-99.1 2 0002.txt PRESS RELEASE EXHIBIT 99.1 Contact: Arnold Agbayani Vice President, Finance & CFO IXYS Corporation 3540 Bassett Street Santa Clara, California 95054 (408) 982-0700 IXYS CORPORATION REPORTS RECORD REVENUE AND GROWTH FOR THE SEPTEMBER QUARTER SANTA CLARA, CALIF. October 17, 2000 -- IXYS Corporation (NASDAQ:SYXI) today reported its fifteenth consecutive quarter of revenue growth. For the second quarter ended September 30, 2000 of fiscal 2001, revenues were $26.9 million. This represents a 54.6% increase from the prior year quarter revenues of $17.4 million. Net income for the quarter ending September 30, 2000 increased to $2,688,000 ($0.10 per share - diluted), compared to net income of $1,571,000 ($0.06 per share - diluted) in the prior year quarter, a 71.1% increase. Gross profit was $9.6 million, or 35.8% of net sales, for the second quarter of fiscal 2001. This compares with gross profit of $6.3 million, or 36.4% of net sales, for the prior year quarter. For the six months ended September 30, 2000 IXYS reports record revenues of $50.2 million and record gross profit of $17.9 million. This compares with the prior year six month period revenues of $34.5 million and gross profit of $12.0 million. For the six month period ending September 30, 2000, net income was $0.24 per share, diluted, a 118.2% increase as compared with $0.11, diluted, in the prior year six month period. Nathan Zommer, President and Chief Executive Officer, said, "We have now had fifteen consecutive quarters of revenue growth, the last ten of which were record quarters. Our results reflect the continuing strength of our business." IXYS develops and markets primarily high performance power semiconductor devices that are used in controlling and converting electrical power efficiently in power supplies, uninterruptible power supplies (UPS), motor drives, medical systems and transportation. IXYS also serves its markets with a combination of digital and analog integrated circuits (IC), including unique high-speed static random access memory (SRAM) for the telecom and industrial markets. The statements in this news release, other than historical financial information, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from predicted results. Further information on factors that could 1 affect the Company's operations is detailed and included in the Company's Form 10-K, as filed with the Securities and Exchange Commission, which includes the IXYS Corporation audited financial statements as of March 31, 2000 and 1999. The Company 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. 2 IXYS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share data)
March 31, September 30, 2000 2000 ----------- ------------- ASSETS (unaudited) Cash and cash equivalents $ 9,759 $ 12,005 Trade accounts receivable, net 16,863 19,563 Inventories, net 21,477 24,926 Deferred income taxes 1,627 1,627 ----------- ------------- Total current assets 49,726 58,121 Property and equipment, net 10,175 11,182 Goodwill and other intangible assets, net 231 2,243 Other 2,131 1,691 Deferred income taxes 782 782 ----------- ------------- Total assets $ 63,045 $ 74,019 =========== ============= LIABILITIES AND STOCKHOLDERS' EQUITY Current portion, capital leases $ 1,365 $ 1,635 Current portion, long term debt 2,789 2,029 Accounts payable 5,467 5,553 Accrued liabilities 10,345 12,960 ----------- ------------- Total current liabilities 19,966 22,177 Long term capital leases, net 1,783 2,573 Long term debt, net 5,544 4,917 Pension obligations 4,855 4,563 ----------- ------------- Total liabilities 32,148 34,230 ----------- ------------- Common stock, $0.01 par value: Issued and outstanding: 24,008,166 in March 31, 2000 and 24,438,817 in September 30, 2000 240 244 Additional paid-in capital 43,204 46,198 Notes receivable from employees (861) (823) Cumulative translation adjustment (1,988) (2,513) Accumulated deficit (9,698) (3,317) ----------- ------------- Total stockholders' equity 30,897 39,789 ----------- ------------- Total liabilities and stockholders' equity $ 63,045 $ 74,019 =========== =============
3 IXYS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share data) (unaudited)
Three Months Ended Six Months Ended September 30, September 30, -------------------------- --------------------------- 1999 2000 1999 2000 ----------- ----------- ------------ ----------- Net revenues $ 17,417 $ 26,919 $ 34,489 $ 50,193 Cost of goods sold 11,077 17,271 22,507 32,325 ----------- ----------- ------------ ----------- Gross profit 6,340 9,648 11,982 17,868 ----------- ----------- ------------ ----------- Operating expenses: Research, development and engineering 1,113 1,217 2,369 2,381 Selling, general and administrative 2,626 3,341 5,323 6,237 Amortization of goodwill and intangibles 116 174 231 309 ----------- ----------- ------------ ----------- Total operating expenses 3,855 4,732 7,923 8,927 ----------- ----------- ------------ ----------- Operating income 2,485 4,916 4,059 8,941 Other income(expense), net (71) (584) (99) 1,349 ----------- ----------- ------------ ----------- Income before tax provision 2,414 4,332 3,960 10,290 Income tax provision 843 1,644 1,226 3,908 ----------- ----------- ------------ ----------- Net income $ 1,571 $ 2,688 $ 2,734 $ 6,382 =========== =========== ============ =========== Net income per share - basic $ 0.07 $ 0.11 $ 0.11 $ 0.26 =========== =========== ============ =========== Weighted average shares used in per share calculation-basic 23,946 24,425 23,976 24,302 =========== =========== ============ =========== Net income per share - diluted $ 0.06 $ 0.10 $ 0.11 $ 0.24 =========== =========== ============ =========== Weighted average shares used in per share calculation - diluted 24,758 27,461 24,748 27,075 =========== =========== ============ ===========
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