-----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, G+Icx1+QbelELGtkW0BbOlITQkEBoghfWnINInndJtatgvMjMbMlyDYQG2ynW60s 4jtFKj+e7s866Rg+c8q8Jg== 0000099106-10-000024.txt : 20100521 0000099106-10-000024.hdr.sgml : 20100521 20100521134657 ACCESSION NUMBER: 0000099106-10-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100520 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100521 DATE AS OF CHANGE: 20100521 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANS LUX CORP CENTRAL INDEX KEY: 0000099106 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 131394750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02257 FILM NUMBER: 10850453 BUSINESS ADDRESS: STREET 1: 26 PEARL STREET CITY: NORWALK STATE: CT ZIP: 06850-1647 BUSINESS PHONE: 2038534321 MAIL ADDRESS: STREET 1: 26 PEARL STREET CITY: NORWALK STATE: CT ZIP: 06850-1647 8-K 1 tx8k052110.txt FORM 8-K DATED MAY 21, 2010 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): May 20, 2010 TRANS-LUX CORPORATION --------------------- (Exact name of registrant as specified in its charter) Delaware 1-2257 13-1394750 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 26 Pearl Street, Norwalk, CT 06850-1647 --------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (203) 853-4321 - -------------------------------------------------------------------------------- (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: [ ] 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 On May 20, 2010, Trans-Lux Corporation issued a press release announcing results of operations for the three months ended March 31, 2010. A copy of the press release is furnished (not filed) as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits (d) Exhibits. 99.1 Press release dated May 20, 2010. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized: TRANS-LUX CORPORATION by: /s/ Angela D. Toppi --------------------------- Angela D. Toppi Executive Vice President and Chief Financial Officer by: /s/ Todd Dupee --------------------------- Todd Dupee Vice President and Controller Dated: May 21, 2010 EX-99.1 2 release1stquarterresults10.txt RESULTS FOR 1ST QUARTER ENDED MARCH 31, 2010 Exhibit 99.1 TRANSLUX logo FOR IMMEDIATE RELEASE Contact: Angela D. Toppi Executive Vice President & CFO atoppi@trans-lux.com 203.642.5903 TRANS-LUX REPORTS FIRST QUARTER RESULTS NORWALK, CT, May 20, 2010 - Trans-Lux Corporation (NYSE Amex: TLX), a leading supplier of LED digital signage solutions and LED lighting products, today reported financial results for the first quarter ended March 31, 2010. Trans-Lux President and Chief Executive Officer J.M. Allain made the announcement. Revenues totaled $5.4 million for the first quarter, compared with $7.8 million during the same period last year. Trans-Lux recorded a net loss for the quarter of $1.4 million (-$0.59 per share), compared with a loss of $1.2 million (-$0.50 per share) in the prior year. Cash flow, as defined by EBITDA, was $389,000, compared with $807,000 in the same 2009 period. General administrative expenses were down for the quarter from last year as a result of reduced operating costs and depreciation expense. "The first quarter results reflect a slight improvement in revenue over the preceding quarter ended December 31, 2009, signaling a guarded but optimistic start to the new fiscal year," said Mr. Allain. "Although financial markets remain challenged and margins continue to be under pressure, our ability to deliver new LED digital signage solutions and LED lighting products should help further drive our business momentum." About Trans-Lux Trans-Lux Corporation is a leading designer and manufacturer of digital signage display solutions for the financial, sports and entertainment, gaming and leasing markets. With a comprehensive offering of LED Large Screen Systems, Fair-Play branded Scoreboards, and Trans Lux Energy LED lighting solutions, Trans Lux Corporation delivers comprehensive digital signage solutions for any size venue's indoor and outdoor display needs. (Table of Operations attached) ### Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The Company may, from time to time, provide estimates as to future performances. These forward-looking statements will be estimates and may or may not be realized by the Company. The Company undertakes no duty to update such forward-looking statements. Many factors could cause actual results to differ from these forward-looking statements, including loss of market share through competition, introduction of competing products by others, pressure on prices from competition or purchasers of the Company's products, interest rate and foreign exchange fluctuations, terrorist acts and war. Trans-Lux / 3 TRANS-LUX CORPORATION TABLE OF OPERATIONS (Unaudited) THREE MONTHS ENDED MARCH 31 ------------------ (In thousands, except per share data) 2010 2009 ------------------ Revenues $ 5,386 $ 7,769 ------------------ Net loss $(1,420) $(1,154) ------------------ Calculation of EBITDA: Net loss $(1,420) $(1,154) Interest expense, net 421 408 Income tax expense 14 41 Depreciation and amortization 1,374 1,512 ------------------ Total EBITDA (1) $ 389 $ 807 ================== Loss per share - basic and diluted $ (0.59) $ (0.50) Average common shares outstanding - basic and diluted 2,393 2,307 (1) EBITDA is defined as earnings before effect of interest, income taxes, depreciation and amortization. EBITDA is presented here because it is a widely accepted financial indicator of a company's ability to service and/or incur indebtedness. However, EBITDA should not be considered as an alternative to net income or cash flow data prepared in accordance with accounting principles generally accepted in the United States or as a measure of a company's profitability or liquidity. The Company's measure of EBITDA may not be comparable to similarly titled measures reported by other companies.
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