SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 22, 1995
XIOX CORPORATION
(Exact name of registrant as specified in its charter)
577 Airport Boulevard, Suite 700, Burlingame, California 94010
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 375-8188
Delaware 0-15797 95-3824750
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number
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ITEM 7. Financial Statements and Exhibits.
This is Form 8-K/A, Amendment #1 to Form 8-K filed on October 27, 1995.
Attached are pro-forma financial statements including Statement of Income (Loss)
for the periods ending September 30, 1995, December 31, 1994 and Balance Sheet
for the period ending September 30, 1995. Pro-forma financial statements are
adjusted to give effect to the proceeds relating to the Company's Sale of
certain assets of Seller's Gemini Telemanagement Systems ("GTS") and RBC Systems
("RBC") on October 14,1995.
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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 hereunto duly authorized
XIOX CORPORATION
December 22, 1995 By
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Melanie D. Reid
Vice-President, Finance and
Chief Financial Officer
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PRO-FORMA FINANCIAL INFORMATION
XIOX CORPORATION
CONDENSED CONSOLIDATED PRO-FORMA STATEMENT OF INCOME/(LOSS)
Nine months ended
September 30, 1995
(unaudited)*
REVENUES $4,909,437
PRODUCT COSTS $2,384,015
RESEARCH AND DEVELOPMENT $913,539
SALES, MARKETING AND ADMINISTRATIVE $2,391,144
TOTAL COSTS OF SALES AND EXPENSES $5,688,698
OPERATING PROFIT/(LOSS) ($779,261)
INTEREST INCOME, NET ($36,989)
INTEREST INCOME/(LOSS) BEFORE INCOME TAXES ($816,250)
INCOME TAX PROVISION ($23,403)
NET INCOME/(LOSS) ($839,653)
PER SHARE INFORMATION:
NET INCOME/(LOSS)/PER SHARE ($0.46)
AVERAGE NUMBER OF SHARES OUTSTANDING 1,830,222
*Statement of Income/(Loss) at September 30, 1995 adjusted on pro-forma basis to
give effect proceeds from the sale of certain assets of Gemini Telemangement
Systems on October 14,1995.
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PRO-FORMA FINANCIAL INFORMATION
XIOX CORPORATION
CONDENSED CONSOLIDATED PRO-FORMA STATEMENT OF INCOME/(LOSS)
Twelve months ended
December 31, 1994
(unaudited)*
REVENUES $6,754,357
PRODUCT COSTS $3,080,174
RESEARCH AND DEVELOPMENT $1,018,004
SALES, MARKETING AND ADMINISTRATIVE $2,883,882
TOTAL COSTS OF SALES AND EXPENSES $6,982,060
OPERATING PROFIT/(LOSS) ($227,703)
INTEREST INCOME, NET $14,969
INTEREST INCOME/(LOSS) BEFORE INCOME TAXES ($212,734)
INCOME TAX PROVISION ($850)
NET INCOME/(LOSS) ($213,584)
PER SHARE INFORMATION:
NET INCOME/(LOSS)/PER SHARE $(0.12)
AVERAGE NUMBER OF SHARES OUTSTANDING 1,713,766
*Statement of Income/(Loss) at December 31, 1994 adjusted on pro-forma basis to
give effect proceeds from the sale of certain assets of Gemini Telemangement
Systems on October 14,1995.
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PRO-FORMA FINANCIAL INFORMATION
XIOX CORPORATION
CONDENSED CONSOLIDATED PRO-FORMA BALANCE SHEET
September 30, 1995
(unaudited)*
ASSETS:
CURRENT ASSETS
CASH & CASH EQUIVALENTS $445,819
ACCOUNTS RECEIVABLE, NET $1,122,414
LEASE CONTRACT RECEIVABLE, CURRENT $0
INVENTORIES $524,311
PREPAID EXPENSES AND OTHER ASSETS $101,477
TOTAL CURRENT ASSETS $2,194,021
PROPERTY & EQUIPMENT, NET $512,098
SOFTWARE ACQUISITION, NET $103,403
NOTES RECEIVABLE $131,138
DEPOSITS & OTHER ASSETS $102,892
TOTAL ASSETS $3,043,552
LIABILITIES/SHAREHOLDERS' EQUITY:
CURRENT LIABILITIES
BANK LINE OF CREDIT $540,000
ACCOUNTS PAYABLE $191,091
ACCRUED EXPENSES $80,528
ACCRUED COMPENSATION $75,532
PURCHASE DEPOSITS $312,465
DEFERRED REVENUE $703,914
TOTAL CURRENT LIABILITIES $1,903,530
STOCKHOLDERS EQUITY
COMMON STOCK, $.01 par, 10,000,000 Authorized, $20,854
2,085,450 and 1,748,316 issued and outstanding
in 1995 and 1994
PAID IN CAPITAL $5,039,003
ACCUMULATED DEFICIT ($3,919,835)
STOCKHOLDERS' EQUITY $1,140,022
TOTAL LIABILITIES/EQUITY $3,043,552
*Balance sheet at September 30, 1995 adjusted to give effect proceeds from the
sale of certain assets of Gemini Telemangement Systems on October 14,1995.
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