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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q/A
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
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OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended November 30, 1995
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OR
__ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
________________________________________________________________________________
Commission file number 0-1460
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ANDERSEN GROUP, INC.
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(Exact name of registrant as specified in its charter)
CONNECTICUT 06-0659863
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Ney Industrial Park, Bloomfield, CT 06002-3690
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(Address of principal executive offices, including zip code)
(203) 242-0761
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(Registrant's telephone number, including area code)
___________________________________
(Former name, former address and former fiscal year, if changed since last
report.)
Indicate by check mark whether the registrant (l) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 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_______
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On January 10, 1996, 1,934,205 shares of the issuer's no par value common stock
were outstanding.
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FORM 10-Q/A
TABLE OF CONTENTS
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Page No.
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Part I - Financial Information
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Consolidated Statements of Operations for the Three and
Nine Months Ended November 30, 1995 and 1994 4
Part II - Other Information
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Signatures 11
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ANDERSEN GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
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<CAPTION>
Three months ended Nine months ended
(unaudited) Nov. 30, 1995 Nov. 30, 1994 Nov. 30, 1995 Nov. 30, 1994
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REVENUES:
Net sales $5,379 $6,166 $17,543 $18,131
Investment and other income 137 309 1,007 3,481
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5,516 6,475 18,550 21,612
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COSTS AND EXPENSES:
Cost of sales 3,411 4,615 11,508 12,396
Selling, general and administrative 2,080 1,964 6,413 6,707
Research and development 314 503 1,256 1,603
Interest expense 298 274 884 1,018
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6,103 7,356 20,061 21,724
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loss from continuing operations before
income taxes (587) (881) (1,511) (112)
Income tax benefit (254) (212) (581) (340)
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Income (loss) from continuing operations (333) (669) (930) 228
Income from discontinued operations,
net of income taxes 44 217 413 628
Gain on sale of discontinued segment,
net of income taxes 3,740 - 3,740 -
Extraordinary loss from early
extinguishment of debt, net of income taxes - (60) - (21)
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Net income (loss) 3,451 (512) 3,223 835
Preferred dividend requirement (147) (143) (443) (439)
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Income (loss) applicable to common shares $3,304 $(655) $ 2,780 $ 396
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EARNINGS (LOSS) PER COMMON SHARE:
Continuing operations $(0.25) $(0.42) $(0.71) $(0.11)
Discontinued operations 1.96 0.11 2.15 0.32
Extraordinary item - (0.03) - (0.01)
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Income (loss) applicable to common shares $1.71 $(0.34) $1.44 $ 0.20
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DIVIDENDS DECLARED PER SHARE:
Preferred $ 0.00 $ 0.00 $ 0.00 $ 0.00
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Common $ 0.00 $ 0.00 $ 0.00 $ 0.00
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See accompanying notes to consolidated financial statements.
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SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ANDERSEN GROUP, INC.
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(Registrant)
/s/Andrew M. O'Shea
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Andrew M. O'Shea
Chief Financial Officer
/s/Francis E. Baker
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Francis E. Baker
President
January 18, 1996
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Date
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