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Previous: CIPRICO INC, 10-Q, 1998-04-28 |
Next: SJNB FINANCIAL CORP, SC 13G, 1998-04-28 |
<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------------------------------
FORM 10-Q/A (No. 1)
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 For the Quarter Ended December 31, 1997
OR
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Commission File Number 0-11336
CIPRICO INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 41-1749708
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
2800 CAMPUS DRIVE
PLYMOUTH, MINNESOTA 55441
(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 551-4000
Indicate by checkmark 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
---- ----
The number of shares outstanding of the registrant's Common Stock, $.01 par
value, as of February 4, 1998 was 5,084,158 shares.
1
<PAGE> 2
CIPRICO INC. AND SUBSIDIARIES
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
See Exhibit Index on page following signatures
(b) No report on Form 8-K was filed during the quarter ended
December 31, 1997.
2
<PAGE> 3
CIPRICO INC. AND SUBSIDIARIES
SIGNATURES
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.
CIPRICO INC.
Dated: April 24, 1998 /s/ Robert H. Kill
--------------------------------------------
Robert H. Kill, President
(Principal Executive Officer)
Dated: April 24, 1998 /s/ Cory J. Miller
--------------------------------------------
Cory J. Miller, Vice President of
Finance/Chief Financial Officer
(Principal Financial and Accounting
Officer)
3
<PAGE> 4
CIPRICO INC. AND SUBSIDIARIES
EXHIBIT INDEX
Exhibit Number Description
Financial Data Schedules (filed in electronic format
only):
27.1 Quarter ended December 31, 1997
27.2 Fiscal year ended September 30, 1997 (restated)
27.3 Quarter ended June 30, 1997 (restated)
27.4 Quarter ended March 31, 1997 (restated)
27.5 Quarter ended December 31, 1996 (restated)
27.6 Fiscal year ended September 30, 1996 (restated)
4
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 4,610
<SECURITIES> 32,221
<RECEIVABLES> 6,941
<ALLOWANCES> 416
<INVENTORY> 4,469
<CURRENT-ASSETS> 41,988
<PP&E> 9,829
<DEPRECIATION> (5,592)
<TOTAL-ASSETS> 54,005
<CURRENT-LIABILITIES> 5,298
<BONDS> 0
0
0
<COMMON> 39,491
<OTHER-SE> 9,216
<TOTAL-LIABILITY-AND-EQUITY> 54,005
<SALES> 7,260
<TOTAL-REVENUES> 7,260
<CGS> 3,684
<TOTAL-COSTS> 6,982
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 27
<INTEREST-EXPENSE> 3
<INCOME-PRETAX> 795
<INCOME-TAX> 270
<INCOME-CONTINUING> 525
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 525
<EPS-PRIMARY> .10
<EPS-DILUTED> .10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> SEP-30-1997
<CASH> 4,512,411
<SECURITIES> 32,289,823
<RECEIVABLES> 5,542,911
<ALLOWANCES> 391,000
<INVENTORY> 4,353,934
<CURRENT-ASSETS> 40,422,690
<PP&E> 9,329,179
<DEPRECIATION> 5,381,084
<TOTAL-ASSETS> 52,105,282
<CURRENT-LIABILITIES> 4,047,736
<BONDS> 0
0
0
<COMMON> 39,366,963
<OTHER-SE> 8,690,583
<TOTAL-LIABILITY-AND-EQUITY> 52,105,282
<SALES> 36,389,678
<TOTAL-REVENUES> 36,389,678
<CGS> 19,099,716
<TOTAL-COSTS> 19,099,716
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 93,507
<INTEREST-EXPENSE> 10,014
<INCOME-PRETAX> 6,439,372
<INCOME-TAX> 2,190,000
<INCOME-CONTINUING> 4,249,372
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 4,249,372
<EPS-PRIMARY> .84
<EPS-DILUTED> .79
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> APR-01-1997
<PERIOD-END> JUN-30-1997
<CASH> 3,370
<SECURITIES> 28,361
<RECEIVABLES> 9,143
<ALLOWANCES> 379
<INVENTORY> 5,346
<CURRENT-ASSETS> 39,647
<PP&E> 8,691
<DEPRECIATION> 5,448
<TOTAL-ASSETS> 50,397
<CURRENT-LIABILITIES> 3,801
<BONDS> 0
0
0
<COMMON> 38,730
<OTHER-SE> 7,830
<TOTAL-LIABILITY-AND-EQUITY> 50,397
<SALES> 10,123
<TOTAL-REVENUES> 10,123
<CGS> 5,247
<TOTAL-COSTS> 5,247
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 25
<INTEREST-EXPENSE> 2
<INCOME-PRETAX> 1,777
<INCOME-TAX> 605
<INCOME-CONTINUING> 1,172
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,172
<EPS-PRIMARY> .23
<EPS-DILUTED> .22
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-01-1997
<CASH> 3,361
<SECURITIES> 28,328
<RECEIVABLES> 9,037
<ALLOWANCES> 360
<INVENTORY> 5,574
<CURRENT-ASSETS> 39,571
<PP&E> 7,519
<DEPRECIATION> 4,902
<TOTAL-ASSETS> 49,680
<CURRENT-LIABILITIES> 4,512
<BONDS> 0
0
0
<COMMON> 38,482
<OTHER-SE> 6,640
<TOTAL-LIABILITY-AND-EQUITY> 49,680
<SALES> 9,003
<TOTAL-REVENUES> 9,003
<CGS> 4,919
<TOTAL-COSTS> 4,919
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 22
<INTEREST-EXPENSE> 2
<INCOME-PRETAX> 1,566
<INCOME-TAX> 502
<INCOME-CONTINUING> 1,064
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,064
<EPS-PRIMARY> .21
<EPS-DILUTED> .20
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1996
<CASH> 2,096
<SECURITIES> 31,369
<RECEIVABLES> 6,212
<ALLOWANCES> 357
<INVENTORY> 5,214
<CURRENT-ASSETS> 35,556
<PP&E> 7,219
<DEPRECIATION> 4,656
<TOTAL-ASSETS> 48,093
<CURRENT-LIABILITIES> 4,358
<BONDS> 0
0
0
<COMMON> 38,071
<OTHER-SE> 5,591
<TOTAL-LIABILITY-AND-EQUITY> 48,093
<SALES> 8,596
<TOTAL-REVENUES> 8,596
<CGS> 4,455
<TOTAL-COSTS> 4,455
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 19
<INTEREST-EXPENSE> 2
<INCOME-PRETAX> 1,787
<INCOME-TAX> 649
<INCOME-CONTINUING> 1,138
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,138
<EPS-PRIMARY> .23
<EPS-DILUTED> .21
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> SEP-30-1996
<CASH> 13,398,162
<SECURITIES> 23,858,856
<RECEIVABLES> 4,804,242
<ALLOWANCES> 335,000
<INVENTORY> 3,017,805
<CURRENT-ASSETS> 35,654,889
<PP&E> 6,589,599
<DEPRECIATION> 4,241,722
<TOTAL-ASSETS> 48,003,900
<CURRENT-LIABILITIES> 5,518,780
<BONDS> 0
0
0
<COMMON> 38,002,203
<OTHER-SE> 4,424,812
<TOTAL-LIABILITY-AND-EQUITY> 48,003,900
<SALES> 27,408,126
<TOTAL-REVENUES> 27,405,126
<CGS> 14,383,459
<TOTAL-COSTS> 14,383,459
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 156,165
<INTEREST-EXPENSE> 8,317
<INCOME-PRETAX> 3,939,702
<INCOME-TAX> 496,000
<INCOME-CONTINUING> 3,443,702
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,442,702
<EPS-PRIMARY> .87
<EPS-DILUTED> .80
</TABLE>
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