-----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, MXI9NowJCPRPF0yxCaMTG1SitMV9Ib6fXf/kSO5OCEE1W8sCioiRNY8flo1EZwvh FZZgzuj14IRWa0/LPhAvbA== 0001012870-01-000179.txt : 20010123 0001012870-01-000179.hdr.sgml : 20010123 ACCESSION NUMBER: 0001012870-01-000179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010118 ITEM INFORMATION: FILED AS OF DATE: 20010119 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26124 FILM NUMBER: 1511983 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): January 18, 2001 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. 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 filed with the Securities and Exchange Commission. On January 18, 2001, Registrant announced financial results for the three- month period ended December 31, 2001. 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, January 18, 2001. 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: January 18, 2001 By: /s/ Arnold Agbayani ------------------------------ Arnold Agbayani Vice President, Chief Financial Officer and Director (Principal Financial Officer) 3 EXHIBIT INDEX 99.1 Press release dated January 18, 2001. 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 Reports Record Revenues And Sixteen Consecutive Quarters Of Revenue Growth SANTA CLARA, CALIF. January 18, 2001 -- IXYS Corporation (NASDAQ:SYXI) today reported its eleventh consecutive quarter of record revenues and sixteenth consecutive quarter of increased revenues. For the third quarter ended December 31, 2000 of fiscal 2001, revenues were $29.2 million. This represents a 49.0% increase from the prior year quarter revenues of $19.6 million. Net income for the quarter ended December 31, 2000 increased to $3,388,000 ($0.12 per share - diluted), compared to net income of $1,789,000 ($0.07 per share - diluted) in the prior year quarter, an increase of 89.4%. Gross profit increased to $11.2 million, or 38.4% of net sales, for the third quarter of fiscal 2001. This compares with gross profit of $6.9 million, or 35.4% of net sales, for the prior year quarter. For the nine months ended December 31, 2000 IXYS reports record revenues of $79.4 million and record gross profit of $29.1 million, or 36.6% of net sales. This compares with the prior year nine-month period revenues of $54.1 million and gross profit of $18.9 million, or 35.0% of net sales. For the nine-month period ended December 31, 2000, net income (including $1.1 million of one-time income from a licensing agreement) was $9,770,000 ($0.35 per share, diluted), compared to the prior year nine-month net income of $4,523,000 ($0.18 per share, diluted), an increase of 116.0%. "I thank our customers and congratulate the IXYS team for having achieved 16 consecutive quarters, or 4 straight years, of revenue growth. The fundamentals of our business continue to be strong. In line with our revenues, our backlog is also at a record level and is unprecedented in our history," said Nathan Zommer, President and CEO. "I am especially pleased that our products contribute to energy savings by increasing the efficiency of energy using devices. This is very significant in view of the recent energy shortages experienced in California." 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. 1 IXYS also serves its markets with a combination of digital and analog integrated circuits (IC), including a line of unique high-speed, high-density 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 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, December 31, 2000 2000 --------- ----------- (unaudited) ASSETS Cash and cash equivalents .......................... $ 9,759 $ 48,020 Trade accounts receivable, net ..................... 16,863 24,204 Inventories, net ................................... 21,477 29,313 Other current assets ............................... 585 321 Deferred income taxes .............................. 1,627 1,627 --------- --------- Total current assets ....................... 50,311 103,485 Property and equipment, net ........................ 10,175 11,820 Goodwill and other intangible assets, net .......... 231 2,185 Other .............................................. 1,546 3,483 Deferred income taxes .............................. 782 782 --------- --------- Total assets ............................... $ 63,045 $ 121,755 ========= ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current portion, capital leases .................... $ 1,365 $ 1,618 Current portion, long term debt .................... 2,789 426 Accounts payable ................................... 5,467 7,305 Accrued liabilities ................................ 10,345 13,943 --------- --------- Total current liabilities .................. 19,966 23,292 Long term capital leases, net ...................... 1,783 2,935 Long term debt, net ................................ 5,544 87 Pension obligations ................................ 4,855 4,832 --------- --------- Total liabilities .......................... 32,148 31,146 --------- --------- Common stock, $0.01 par value: Issued and outstanding: 24,008,166 in March , 2000 and 26,486,601 in December, 2000 ................. 240 265 Additional paid-in capital ......................... 43,204 92,617 Notes receivable from employees .................... (861) (823) Cumulative translation adjustment .................. (1,988) (1,522) Accumulated deficit ................................ (9,698) 72 --------- --------- Total stockholders' equity ................. 30,897 90,609 --------- --------- Total liabilities and stockholders' equity . $ 63,045 $ 121,755 ========= =========
3 IXYS CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share data) (unaudited) Three Months Ended Nine Months Ended December 31, December 31, ---------------------- ---------------------- 1999 2000 1999 2000 -------- -------- -------- -------- Net revenues ............................................. $ 19,592 $ 29,188 $ 54,081 $ 79,381 Cost of goods sold ....................................... 12,654 17,991 35,161 50,316 -------- -------- -------- -------- Gross profit ..................................... 6,938 11,197 18,920 29,065 -------- -------- -------- -------- Operating expenses: Research, development and engineering ............ 1,130 1,715 3,500 4,096 Selling, general and administrative .............. 2,751 3,702 8,074 9,941 Acquisition of in-process research and development Amortization of goodwill and intangibles ......... 116 58 347 366 -------- -------- -------- -------- Total operating expenses ................. 3,997 5,475 11,921 14,403 -------- -------- -------- -------- Operating income (loss) .......................... 2,941 5,722 6,999 14,662 Other income(expense), net ............................... (45) (260) (144) 1,089 -------- -------- -------- -------- Income (loss) before income tax provision ........ 2,896 5,462 6,855 15,751 Income tax provision ..................................... 1,107 2,074 2,332 5,981 -------- -------- -------- -------- Net income (loss) ........................................ $ 1,789 $ 3,388 $ 4,523 $ 9,770 ======== ======== ======== ======== Net income (loss) per share - basic ...................... $ 0.07 $ 0.13 $ 0.19 $ 0.39 ======== ======== ======== ======== Number of shares used in per share calculation - basic ... 23,970 25,971 23,929 25,182 ======== ======== ======== ======== Net income (loss) per share - diluted .................... $ 0.07 $ 0.12 $ 0.18 $ 0.35 ======== ======== ======== ======== Number of shares used in per share calculation - diluted . 24,938 28,703 24,809 27,884 ======== ======== ======== ========
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