SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 12b-25
COMMISSION FILE NUMBER 0-15491
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: March 31, 1998
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: __________________________________________
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
Full Name of Registrant PARLUX FRAGRANCES, INC.
Former Name if Applicable
Address of Principal Executive Office 3725 SW 30TH AVENUE
City, State and Zip Code Ft. Lauderdale, FL 33312
PART II -- RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K, or Form N-SAR, or portion thereof, will
be filed on or before the 15th calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before the
5th calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
<PAGE>
PART III -- NARRATIVE
State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR,
or the transition report portion thereof, could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The Registrant has not yet completed its Annual Report on Form 10-K for the
year ended March 31, 1998, because it is in the process of restating its March
31, 1997 and 1996 financial statements to comply with a 1997 announcement from
the staff of the Securities and Exchange Commission to reflect a beneficial
conversion feature on convertible debentures.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
FRANK A. BUTTACAVOLI 954 316-9008
____________________________ _________________ _________________________
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities and Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrants were required to file such report(s) been filed? If the
answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
As outlined in a previous press release dated March 4, 1998, for the year
ended March 31, 1998, Parlux Fragrances, Inc. will report a net loss mainly due
to provisions for obsolete/excess inventory on discontinued brands and products.
In addition, provisions for doubtful accounts and write-offs of accounts
receivable will be required. The Company is finalizing the above amounts which
will be reported in its Form 10-K for the year ended March 31, 1998, once the
restated March 31, 1997 and March 31, 1996 Form 10-K/A have been filed.
PARLUX FRAGRANCES, INC.
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: June 26, 1998 By: /s/ FRANK A. BUTTACAVOLI
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Frank A. Buttacavoli
Executive Vice President and CFO
