UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q/A
Amendment 1
(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 Commission File Number 1-9309
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VERSAR, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 54-0852979
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
6850 Versar Center
Springfield, Virginia 22151
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (703) 750-3000
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Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report.)
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
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Class of Common Stock Outstanding at October 31, 1995
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$ .01 par value 4,867,133 shares
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<CAPTION>
VERSAR, INC. AND SUBSIDIARIES
INDEX TO FORM 10-Q
PAGE
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<S> <C>
PART I - FINANCIAL INFORMATION
ITEM 1 - Financial Statements
Consolidated Balance Sheets as of
September 30, 1995 and June 30, 1995. 3
Consolidated Statements of Operations for the
Three-Month Periods Ended September 30,
1995 and 1994. 4
Consolidated Statements of Cash Flows
for the Three-Month Periods Ended September 30,
1995 and 1994. 5
Notes to Consolidated Financial Statements 6-8
ITEM 2 - Management's Discussion and Analysis
of Financial Condition and Results of
Operations 8-10
PART II - OTHER INFORMATION
ITEM 1 - Legal Proceedings 11
ITEM 6 - Exhibits and Reports on Form 8-K 12
SIGNATURES 13
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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 thereunto duly authorized.
VERSAR, INC.
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(Registrant)
By: /s/ Benjamin M. Rawls
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Benjamin M. Rawls
Chairman and Chief Executive
Officer
By: /s/ Lawrence W. Sinnott
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Lawrence W. Sinnott
Vice President, Chief Financial
Officer, Treasurer, and
Principal Accounting Officer
Date: November 14, 1995
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> SEP-30-1995
<CASH> 58
<SECURITIES> 0
<RECEIVABLES> 13,424
<ALLOWANCES> 944
<INVENTORY> 0
<CURRENT-ASSETS> 14,759
<PP&E> 8,872
<DEPRECIATION> 7,379
<TOTAL-ASSETS> 29,024
<CURRENT-LIABILITIES> 9,345
<BONDS> 0
<COMMON> 49
0
0
<OTHER-SE> 6,556
<TOTAL-LIABILITY-AND-EQUITY> 29,024
<SALES> 0
<TOTAL-REVENUES> 10,490
<CGS> 0
<TOTAL-COSTS> 10,201
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 24
<INCOME-PRETAX> 189
<INCOME-TAX> 14
<INCOME-CONTINUING> 175
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 175
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
