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<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 1999
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 0-14365
ALPHA TECHNOLOGIES GROUP, INC.
-------------------------------
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
Delaware 76-0079338
- ------------------------------------------------ -----------------------------------
(State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.)
or organization)
</TABLE>
9465 Wilshire Blvd., Suite 980 Beverly Hills, CA 90212
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(Address of principal executive offices)
(310) 385-1494
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(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) 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
------ ------
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
<TABLE>
<S> <C>
Common Stock, $.03 par value 6,932,285
---------------------------- ---------
Class Outstanding at February 28, 1999
</TABLE>
<PAGE>
ALPHA TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED
JANUARY 25, 1998 AND JANUARY 31, 1999
(Unaudited)
(In Thousands)
<TABLE>
<CAPTION>
January 25, January 31,
1998 1999
----------- ------------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 397 $ 504
Adjustments to reconcile net income to net cash (used in)
Provided by operating activities:
Depreciation and amortization 730 810
Gain on sale of equipment (70) --
Stock option compensation expense -- 23
Cumulative translation adjustment 23 (2)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable (1,041) 218
(Increase) decrease in inventory (881) 1,335
(Increase) decrease in prepaid expenses 86 (21)
(Decrease) in accounts payable (341) (1,801)
(Decrease) in accrued compensation and related benefits (560) (285)
Increase (decrease) in other liabilities 280 (356)
------- --------
Total adjustments (1,774) (79)
Net cash provided by (used in) operating activities (1,377) 425
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of equipment 88 81
Purchase of property and equipment, net (1,205) (190)
(Increase) decrease in other assets, net 60 (3)
-------- --------
Net cash (used in) provided by investing activities (1,057) (112)
-------- --------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock 4 --
Proceeds from revolving credit lines 19,341 10,135
Payments on revolving credit lines (17,002) (10,930)
Proceeds from term debt - 435
Payments on term debt (184) (140)
-------- --------
Net cash provided by (used in) financing activities 2,159 (500)
NET (DECREASE) IN CASH (275) (187)
-------- --------
CASH, beginning of year 1,707 1,387
-------- --------
CASH, end of period $ 1,432 $ 1,200
======== ========
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
2
<PAGE>
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 thereunto duly authorized.
Alpha Technologies Group, Inc.
-------------------------------
(Registrant)
Date: April 15, 1999 By: /s/ Lawrence Butler
------------------------------- ---------------------------------
Lawrence Butler
President and Chief Executive Officer
(Principal Executive Officer)
Date: April 15, 1999 By: /s/ Johnny J. Blanchard
------------------------------- ---------------------------------
Johnny J. Blanchard
Chief Financial Officer
(Principal Financial and
Accounting Officer)
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