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 September 30, 1995
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 0-12998
INFRASONICS, INC
(Exact name of registrant as specified in its charter)
California 95-3797283
(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification Number)
3911 Sorrento Valley Blvd.
San Diego, California 92121
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(619) 450-9898
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
Indicate the number of shares outstanding of each of the
issuer's classes of common stock as of the latest
practicable date:
10,443,900 shares of Common Stock as of October 10, 1995.
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Infrasonics, Inc.
Index to Form 10-Q
<TABLE>
<CAPTION>
PART I. FINANCIAL INFORMATION
<S> <C>
Item 1. Condensed Consolidated Financial Statements PAGE
Condensed Consolidated Balance Sheets (unaudited)
September 30, 1995 and June 30, 1995 3
Condensed Consolidated Statements of Income (unaudited)
Three Months Ended September 30, 1995 and 1994 4
Condensed Consolidated Statements of Cash Flows (unaudited)
Three Months Ended September 30, 1995 and 1994 5
Notes to Condensed Consolidated Financial Statements 6
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations 7
PART II. OTHER INFORMATION 8
SIGNATURES 8
Exhibit 27. Financial Data Schedule 9
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Part II OTHER INFORMATION
6.(b) Exhibits and Reports on Form 8-K.
No reports were filed on Form 8-K during the
preceding quarter.
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.
INFRASONICS, INC.
Date: October 16,1995
/s/ Jim Hitchin
Jim Hitchin
President, Treasurer,
Chairman of the Board
/s/ Fred McGee
Fred McGee
Vice President,
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> SEP-30-1996
<CASH> 4,807,500
<SECURITIES> 1,920,700
<RECEIVABLES> 6,205,900
<ALLOWANCES> 0
<INVENTORY> 6,442,500
<CURRENT-ASSETS> 19,818,000
<PP&E> 5,117,200
<DEPRECIATION> 2,663,500
<TOTAL-ASSETS> 27,982,400
<CURRENT-LIABILITIES> 1,823,100
<BONDS> 0
<COMMON> 26,352,400
0
0
<OTHER-SE> (193,100)
<TOTAL-LIABILITY-AND-EQUITY> 27,982,400
<SALES> 6,255,600
<TOTAL-REVENUES> 6,330,500
<CGS> 3,253,800
<TOTAL-COSTS> 5,857,100
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 473,400
<INCOME-TAX> 170,400
<INCOME-CONTINUING> 303,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 303,000
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>