UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB
(Mark One)
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended November 30, 2000
|_| TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to _______________
Commission File Number 0-22735
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ROBOCOM SYSTEMS INTERNATIONAL INC.
-----------------------------------------------------------
(Name of small business issuer as specified in its charter)
New York 11-2617048
------------------------------- ------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
511 Ocean Avenue, Massapequa, New York 11758
-------------------------------------------------
(Address of principal executive offices)
516-795-5100
---------------------------------------------
(Issuer's telephone number)
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes |X| No |_|
As of January 16, 2001, 4,495,984 shares of the issuer's common stock were
outstanding.
Transitional Small Business Disclosure Format (check one); Yes |_| No |X|
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
FORM 10-QSB
INDEX
PART I. Financial Information
Item 1. Financial Statements Page no.
Balance Sheets - November 30, 2000 and May 31 ,2000........ 3
Statements of Operations - Three months ended November 30,
2000 and 1999.............................................. 4
Statements of Operations - Six months ended November 30,
2000 and 1999.............................................. 5
Statements of Cash Flows - Six months ended November 30,
2000 and 1999.............................................. 6
Notes to Financial Statements............................. 7
Item 2. Management's Discussion and Analysis or Plan of Operation. 8
PART II. Other Information
Item 4. Submission of Matters to a Vote of Security Holders....... 12
Item 6. Exhibits and Reports on Form 8-K.......................... 12
Signatures .......................................................... 13
2
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
BALANCE SHEETS
<TABLE>
<CAPTION>
November 30, 2000 May 31, 2000
----------------- ------------
(Unaudited)
<S> <C> <C>
Assets
Current assets:
Cash and cash equivalents .................................... $ 311,674 $ 60,673
Short-term investments ....................................... 351,111 463,833
Accounts receivable, net ..................................... 718,896 1,352,736
Unbilled revenue ............................................. 81,284 172,023
Deferred taxes ............................................... 72,353 72,353
Other current assets ......................................... 229,291 177,183
------------ ------------
Total current assets ........................................... 1,764,609 2,298,801
Property and equipment, net .................................... 183,440 241,474
Software development costs, net ................................ 3,831,987 4,417,100
Other assets ................................................... 105,775 81,999
------------ ------------
Total assets ................................................... $ 5,885,811 $ 7,039,374
============ ============
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable ............................................. $ 298,674 $ 455,985
Accrued expenses ............................................. 635,077 885,388
Loan payable to shareholders ................................. 550,000 --
Deferred revenue ............................................. 608,051 509,345
------------ ------------
Total current liabilities ...................................... 2,091,802 1,850,718
Deferred tax liabilities ....................................... 116,491 116,492
------------ ------------
Total liabilities .............................................. 2,208,293 1,967,210
------------ ------------
Shareholders' equity:
Preferred stock, $.01 par value; 1,000,000 shares authorized;
None issued ................................................ -- --
Common stock, $.01 par value; 10,000,000 shares authorized;
4,495,984 shares issued and outstanding at November 30, 2000
and at May 31, 2000 ........................................ 44,960 44,960
Additional paid-in capital ................................... 11,832,246 11,832,246
Accumulated deficit .......................................... (8,198,501) (6,796,355)
Deferred compensation ........................................ (1,187) (8,687)
------------ ------------
Total shareholders' equity ..................................... 3,677,518 5,072,164
------------ ------------
Total liabilities and shareholders' equity ..................... $ 5,885,811 $ 7,039,374
============ ============
</TABLE>
See accompanying notes.
3
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
STATEMENTS OF OPERATIONS
(unaudited)
<TABLE>
<CAPTION>
Three months ended November 30,
-------------------------------
2000 1999
----------- -----------
<S> <C> <C>
Revenues:
Software license fees ........................ $ 130,078 $ 264,634
Services ..................................... 316,523 346,240
Hardware ..................................... 57,821 383,538
Maintenance .................................. 361,581 342,475
----------- -----------
Total revenues ............................... 866,003 1,336,887
----------- -----------
Cost of revenues:
Cost of license fees ......................... 36,937 31,281
Cost of services ............................. 200,145 313,803
Cost of hardware ............................. 36,862 274,418
Cost of maintenance .......................... 338,064 251,870
----------- -----------
Total cost of revenues ....................... 612,008 871,372
Amortization of software development costs ..... 431,814 352,482
----------- -----------
1,043,822 1,223,854
----------- -----------
Gross margin ................................... (177,819) 113,033
Selling, general and administrative expenses ... 572,554 926,505
----------- -----------
Loss from operations ........................... (750,373) (813,472)
Interest (expense) income and other, net ....... (984) 7,233
----------- -----------
Loss before provision (benefit) for income taxes (751,357) (806,239)
Provision (benefit) for income taxes ........... -- --
----------- -----------
Net loss ....................................... $ (751,357) $ (806,239)
----------- -----------
Net loss per basic and diluted share ........... $ (0.17) $ (.23)
=========== ===========
Weighted average shares outstanding ............ 4,495,984 3,478,402
=========== ===========
</TABLE>
See accompanying notes.
4
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
STATEMENTS OF OPERATIONS
(unaudited)
<TABLE>
<CAPTION>
Six months ended November 30,
-----------------------------
2000 1999
----------- -----------
<S> <C> <C>
Revenues:
Software license fees ........................ $ 362,063 $ 457,491
Services ..................................... 670,148 626,768
Hardware ..................................... 180,254 600,703
Maintenance .................................. 695,284 692,920
----------- -----------
Total revenues ............................... 1,907,749 2,377,882
----------- -----------
Cost of revenues:
Cost of license fees ......................... 78,580 80,806
Cost of services ............................. 492,795 621,389
Cost of hardware ............................. 151,109 457,453
Cost of maintenance .......................... 639,987 532,790
----------- -----------
Total cost of revenues ....................... 1,362,471 1,692,438
Amortization of software development costs ..... 833,000 704,964
----------- -----------
2,195,471 2,397,402
----------- -----------
Gross margin ................................... (287,722) (19,520)
Selling, general and administrative expenses ... 1,122,313 1,807,308
----------- -----------
Loss from operations ........................... (1,410,035) (1,826,828)
Interest income and other, net ................. 7,889 22,496
----------- -----------
Loss before provision (benefit) for income taxes (1,402,146) (1,804,332)
Provision (benefit) for income taxes ........... -- --
----------- -----------
Net loss ....................................... $(1,402,146) $(1,804,332)
----------- -----------
Net loss per basic and diluted share ........... $ (.31) $ (.52)
=========== ===========
Weighted average shares outstanding ............ 4,495,984 3,473,164
=========== ===========
</TABLE>
See accompanying notes.
5
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
STATEMENTS OF CASH FLOWS
(unaudited)
<TABLE>
<CAPTION>
Six months ended November 30,
-----------------------------
2000 1999
----------- -----------
<S> <C> <C>
Operating activities
Net loss .................................................. $(1,402,146) $(1,804,332)
Adjustments to reconcile net loss to net
cash used in operating activities:
Depreciation and amortization of property and equipment 56,335 57,850
Amortization of software development costs ............ 833,000 704,964
Amortization of deferred compensation ................. 7,500 37,950
Changes in operating assets and liabilities:
Accounts receivable ................................. 633,840 270,147
Unbilled revenue .................................... 90,739 90,981
Gain on sale of property and equipment .............. (13,166) --
Other current and non current assets ................ (37,942) 16,784
Accounts payable .................................... (157,311) (2,175)
Accrued expenses .................................... (199,322) (226,133)
Deferred revenue .................................... 98,706 386,800
----------- -----------
Net cash used in operating activities ..................... (89,767) (467,164)
----------- -----------
Investing activities
Software development costs ................................ (247,887) (621,237)
Purchase of short-term investments ........................ -- (1,983,012)
Redemption of short-term investments ...................... 112,723 2,913,221
Proceeds from the sale of property and equipment .......... 22,558 --
Capital expenditures ...................................... (7,691) (26,096)
----------- -----------
Net cash (used in) provided by investing activities ....... (120,297) 282,876
----------- -----------
Financing activities
Deferred costs related to private placement in process .... (88,935) --
Proceeds from loans from shareholders ..................... 550,000 --
Net proceeds from private placement ....................... -- 1,182,000
----------- -----------
Net cash provided by financing activities ................. 461,065 1,182,000
----------- -----------
Increase in cash and cash equivalents ..................... 251,001 997,712
Cash and cash equivalents at beginning of period .......... 60,673 101,148
----------- -----------
Cash and cash equivalents at end of period ................ $ 311,674 $ 1,098,860
----------- -----------
Supplemental disclosures of cash flow information:
Cash paid for interest .................................. $ 9,757 $ --
----------- -----------
Cash paid for income taxes .............................. $ 4,970 $ 8,956
----------- -----------
</TABLE>
See accompanying notes.
6
<PAGE>
ROBOCOM SYSTEMS INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
November 30, 2000
(unaudited)
1. Background and Basis of Financial Statement Presentation
The accompanying unaudited financial statements of Robocom Systems
International Inc. (the "Company") have been prepared in accordance with
accounting principles generally accepted in the United States for interim
financial reporting and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by accounting principles generally accepted in the United
States for complete financial statements. In the opinion of management, all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. The Company's operations consist of the
development, marketing and support of advanced warehouse management software
solutions that enable companies to realize significant cost savings by
automating their warehouse operations and providing inventory visibility
throughout the supply chain. The Company's primary product, RIMS, is a
client-configurable software solution that enables a company's warehouse to
respond to a customer order with greater accuracy and in a more timely manner,
thereby turning the warehouse into a competitive advantage. RIMS operates in an
open system environment and interfaces with an organization's existing
information systems. In addition to providing RIMS software licenses, the
Company provides installation, training, implementation support and maintenance
services and resells related hardware.
Operating results for the six-month period ended November 30, 2000 are not
necessarily indicative of the results that may be expected for the year ended
May 31, 2001. For further information, refer to the financial statements and
footnotes thereto included in the Company's Annual Report on Form 10-KSB for the
year ended May 31, 2000.
7
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Certain statements in this Report constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Factors
that might cause such a difference include, among others, availability, terms
and deployment of capital; uncertainties relating to general economic and
business conditions; industry trends; changes in demand for the Company's
product; uncertainties relating to customer plans and commitments and the timing
of orders received from customers; announcements or changes in pricing policies
by the Company or its competitors; unanticipated delays in the development,
market acceptance or installation of the Company's products; availability of
management and other key personnel; relationships with third-party equipment
suppliers; governmental export and import policies; global trade policies; and
worldwide political stability and economic growth. The words "believe",
"expect", "anticipate", "intend" and "plan" and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date the statement
was made.
RESULTS OF OPERATIONS
Comparison of Three Months Ended November 30, 2000 and November 30, 1999
Revenues. Total revenues decreased by approximately 35% to $866,003 in the
three months ended November 30, 2000 as compared to $1,336,887 in the three
months ended November 30, 1999. Software license fees decreased by approximately
51% during the 2000 period as compared to the 1999 period, primarily due to the
sale of domestic licenses to one customer with a higher number of users during
the 1999 period as compared to the 2000 period, offset by an increase in
international sales of RIMS in the 2000 period. Service revenues decreased by
approximately 9% for the 2000 period as compared to the 1999 period, primarily
due to the lower services related to installations of computer systems networks
and office software which were substantially offset by higher services related
to implementations in the 2000 period. Hardware revenues decreased by
approximately 85% during the 2000 period as compared to the 1999 period,
primarily due to the cessation of sales of computer systems network and office
hardware in the 2000 period. Maintenance revenues increased approximately 6% for
the 2000 period as compared to the 1999 period, due to a larger number of
maintenance contracts in operation in the 2000 period.
Cost of Revenues. Total cost of revenues decreased by approximately 30% to
$612,008 in the three months ended November 30, 2000 as compared to $871,372 in
the three months ended November 30, 1999. As a percentage of revenues, total
cost of revenues increased to approximately 71% in the 2000 period as compared
to approximately 65% in the 1999 period. As a percentage of license fee
revenues, cost of license fees in the 2000 period increased primarily due to
higher third party software fees. As a percentage of services revenues, the cost
of services was significantly lower in the 2000 period as compared to the 1999
period primarily due to higher billable support services and higher services
revenues for modifications, offset, in part, by the cessation of installations
of computer systems networks and office software and the reduction in related
personnel in the 2000 period. As a percentage of hardware revenues, the cost of
hardware was lower in the 2000 period due to the type of hardware installed and
lower hardware costs from alternative suppliers. As a percentage of maintenance
revenues, the cost of maintenance was higher in the 2000 period as compared to
the 1999 period due to higher maintenance costs relating to RIMS Version 4.3,
which was released in the 2000 period, offset, in part, by a larger number of
maintenance contracts in operation in the 2000 period.
Amortization of Software Development Costs. Amortization of software
development costs increased by approximately 23% to $431,814 in the three months
ended November 30, 2000 as compared to $352,482 in the three months ended
November 30, 1999. The increase was due to the inclusion of amortization of
capitalized software development costs for RIMS Version 4.2 and Version 4.3 in
the 2000 period. As a percentage of revenue, the amortization of software
development costs was approximately 50% in the 2000 period and 26% in the 1999
period.
8
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION (continued)
Selling, General and Administrative Expenses. Selling, general and
administrative expenses decreased by approximately 38% to $572,554 in the three
months ended November 30, 2000 as compared to $926,505 in the three months ended
November 30, 1999. Lower selling, general and administrative expenses resulted
from reductions in the operating costs of the Company's international offices,
sales and marketing expenses and the costs associated with providing the
installation of computer systems networks and office software.
Interest (Expense) Income and Other, net. Interest (expense) income and
other, net, decreased by $8,217 to interest expense, net of ($984) in the three
months ended November 30, 2000 as compared to interest income, net, of $7,233 in
the three months ended November 30, 1999. During the 2000 period, the Company
incurred interest expense associated with the outstanding borrowings under
Company's lines of credit. Interest income for both periods was relatively
constant.
Provision (Benefit) for Income Taxes. Since the Company is operating at a
loss, no provision or benefit is reflected in the 2000 or 1999 period. No
deferred tax expense has been recorded in the 2000 or the 1999 period as the
Company continues to record a valuation allowance to reserve for its net
deferred tax assets.
Comparison of Six Months Ended November 30, 2000 and November 30, 1999
Revenues. Total revenues decreased by approximately 20% to $1,907,749 in
the six months ended November 30, 2000 as compared to $2,377,882 in the six
months ended November 30, 1999. Software license fees decreased by approximately
21% during the 2000 period as compared to the 1999 period, primarily due to the
sale of domestic licenses to one customer with a higher number of users during
the 1999 period as compared to the 2000 period, offset by an increase in
international sales of RIMS in the 2000 period. Service revenues increased by
approximately 7% for the 2000 period as compared to the 1999 period, primarily
due to higher services revenues for modifications to standard RIMS as well as
higher revenues from services related to installations with a large number of
RIMS users, offset, in part, by the cessation of installations of computer
systems networks and office software in the 2000 period. Hardware revenues
decreased by approximately 70% during the 2000 period as compared to the 1999
period, primarily due to the cessation of sales of computer systems network and
office hardware in the earlier part of the 2000 period. Maintenance revenues
increased slightly during the 2000 period as compared to the 1999 period, due to
a larger number of maintenance contracts in operation in the 2000 period offset,
in part, by the election by several customers to discontinue hardware
maintenance on older equipment.
Cost of Revenues. Total cost of revenues decreased by approximately 19% to
$1,362,471 in the six months ended November 30, 2000 as compared to $1,692,438
in the six months ended November 30, 1999. As a percentage of revenues, total
cost of revenues remained consistent at 71% in both the 2000 and 1999 periods.
As a percentage of license fee revenues, cost of license fees in the 2000 period
increased primarily due to higher license revenues with no associated third
party or distributor fees in the 1999 period as compared to the 2000 period. As
a percentage of services revenues, the cost of services was significantly lower
in the 2000 period as compared to the 1999 period primarily due to higher
services revenues for modifications to standard RIMS and higher billable support
services, offset, in part, by the cessation of installations of computer systems
networks and office software and the reduction in related personnel in the 2000
period. As a percentage of hardware revenues, the cost of hardware was higher in
the 2000 period due to the fixed hardware expenses as applied to lower hardware
revenues and the cost of replacement hardware at no cost for one customer. As a
percentage of maintenance revenues, the cost of maintenance was higher in the
2000 period as compared to the 1999 period due to higher maintenance costs
relating to RIMS Version 4.3, which was released in the 2000 period, offset, in
part, by a larger number of maintenance contracts in operation in the 2000
period.
9
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION (continued)
Amortization of Software Development Costs. Amortization of software
development costs increased by approximately 18% to $833,000 in the six months
ended November 30, 2000 as compared to $704,964 in the six months ended November
30, 1999. The increase was due to the inclusion of amortization of capitalized
software development costs for RIMS Version 4.2 and Version 4.3 in the 2000
period. As a percentage of revenue, the amortization of software development
costs was approximately 44% in the 2000 period and 30% in the 1999 period.
Selling, General and Administrative Expenses. Selling, general and
administrative expenses decreased by approximately 38% to $1,122,313 in the six
months ended November 30, 2000 as compared to $1,807,308 in the six months ended
November 30, 1999. Lower selling, general and administrative expenses resulted
from reductions in the operating costs of the Company's international offices,
professional fees, sales and marketing expenses and the costs associated with
the office which provided the installation of computer systems networks and
office software.
Interest Income and Other, net. Interest income and other, net, decreased
to $7,889 in the six months ended November 30, 2000 as compared to $22,496 in
the six months ended November 30, 1999. This decrease is primarily due to
interest expense incurred associated with the outstanding borrowings under the
Company's lines of credit and lower interest income related to lower interest
bearing balances during the 2000 period.
Provision (Benefit) for Income Taxes. Since the Company is operating at a
loss, no provision or benefit is reflected in the 2000 or 1999 period. No
deferred tax expense has been recorded in the 2000 or the 1999 period as the
Company continues to record a valuation allowance to reserve for its net
deferred tax assets.
LIQUIDITY AND CAPITAL RESOURCES
Net cash used in operating activities was $89,767 in the six months ended
November 30, 2000 as compared to $467,164 in the six months ended November 30,
1999. Cash flows from operations increased in the 2000 period primarily due a
lower loss from operations and higher accounts receivable collections offset, in
part, by decreases in accounts payable and accrued expenses primarily related to
payments made in the six months ended November 30, 2000 for hardware purchases
at the end of fiscal 2000.
The Company capitalized $247,887 and $621,237 in the six months ended
November 30, 2000 and 1999, respectively, for software development costs. The
Company did not have any material commitments for software development costs as
of November 30, 2000. The Company expended $7,691 and $26,096 for property and
equipment in the six months ended November 30, 2000 and 1999, respectively.
As of November 30, 2000, the Company had $311,674 in cash and cash
equivalents, $351,111 in short term investments, and negative working capital of
($327,193).
As of September 19, 2000, the Company obtained lines of credit from three
shareholders of the Company. These lines of credit provide for borrowings of up
to $1,050,000 and mature on September 19, 2001. Borrowings bear interest at the
prime rate plus two percent (11.50% at November 30, 2000). At November 30, 2000,
the Company had drawn down $550,000 from these lines.
10
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION (continued)
The Company's capital requirements depend on many factors, including the
level and timing of revenue, new product development and the expansion of sales
and marketing. However, the Company is limited to its current cash, cash
equivalents and short term investment balances and available unused lines of
credit for funding such internal growth and development, unless the Company is
able in the future to raise significant additional funds. To fund working
capital and provide for future growth, management is currently seeking to raise
additional capital through a private financing. The inability of the Company to
raise additional funds when needed will have a material adverse effect on its
business, operating results and financial condition. There can be no assurance
that the Company will be able to raise any such financing. Under present
circumstances, assuming the execution of contracts for RIMS licenses for which
we have been selected, or other comparable contracts, under the Company's
standard business terms, the Company's existing cash and cash equivalents, short
term investments and unused lines of credit will be sufficient to meet the
Company's currently anticipated operating and working capital and software
development requirements for the next 12 months.
11
<PAGE>
PART II. OTHER INFORMATION:
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Company's Annual Meeting of shareholders was held on December 4, 2000.
At the meeting, four matters were acted upon by the shareholders.
At the meeting, the first matter acted upon by the shareholders was the election
of six directors to the Board of Directors. As of October 25, 2000, the record
date for the Annual Meeting, 4,495,984 shares of common stock were outstanding
and eligible to vote. Of the 2,992,955 shares of common stock voted at the
meeting, in person or by proxy, the number of votes in favor of and withheld
from each director was as follows:
Director Votes cast in favor Votes withheld
-------- ------------------- --------------
Irwin Balaban 2,864,035 128,920
Herbert Goldman 2,867,535 125,420
William J. Hancock 2,819,895 173,060
Lawrence B. Klein 2,866,535 126,420
C. Kenneth Morrelly 2,867,635 125,320
Yacov Shamash 2,819,895 173,060
The second matter acted upon by the shareholders was the approval and adoption
of a proposal to amend the Company's Restated Certificate of Incorporation to
increase the number of authorized shares of Common Stock from 10,000,000 shares
to 30,000,000 shares. Of the 4,495,984 shares of Common Stock outstanding and
eligible to vote, 2,969,478 were voted in favor of the proposal, 124,910 were
voted against the proposal and 19,000 abstained from a vote on the proposal.
The third matter acted upon by the shareholders was the approval of a private
placement offering of equity securities, or securities convertible into equity
securities, of the Company for aggregate consideration in an amount not to
exceed $10,000,000. Of the 4,495,984 shares of Common Stock outstanding and
eligible to vote, 2,014,526 were voted in favor of the proposal, 126,100 were
voted against the proposal and 22,097 abstained from a vote on the proposal.
The fourth matter acted upon by the shareholders was the approval and adoption
of a proposal to amend the Company's 1997 Stock Option and Long-Term Incentive
Compensation Plan to increase the number of shares of Common Stock that may be
issued thereunder from 650,000 to 1,150,000. Of the 4,495,984 shares of Common
Stock outstanding and eligible to vote, 1,952,112 were voted in favor of the
proposal, 190,670 were voted against the proposal and 19,941 abstained from a
vote on the proposal.
No other matters were brought before the meeting for a shareholder vote.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit Number Description
-------------- -----------
27 Financial Data Schedule
(b) Reports on Form 8-K
No reports on Form 8-K were filed during the second quarter of
fiscal 2001.
12
<PAGE>
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
ROBOCOM SYSTEMS INTERNATIONAL INC.
----------------------------------
(Registrant)
Date: January 16, 2001 By: /s/ C. Kenneth Morrelly
---------------- ----------------------------
C. Kenneth Morrelly
President and Chief
Executive Officer
Date: January 16, 2001 By: /s/ Elizabeth A. Burke
---------------- ----------------------------
Elizabeth A. Burke
Vice President - Finance and
Chief Financial Officer
13
