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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 APRIL 1, 1995.
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13(D) OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________TO________.
COMMISSION FILE NUMBER: 0-18690
RADIUS INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA 68-0101300
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
215 MOFFETT PARK DRIVE
SUNNYVALE, CA 94089
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
(408) 541-6100
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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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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THE NUMBER OF SHARES OUTSTANDING OF THE REGISTRANT'S COMMON STOCK ON JUNE 16,
1995 WAS 16,230,229.
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RADIUS INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
(in thousands, unaudited)
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<CAPTION>
SIX MONTHS ENDED
APRIL 1,
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1995 1994
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<S> <C> <C>
Cash flows from operating activities:
Net income (loss) $(10,745) $(9,535)
Adjustments to reconcile net loss to net cash
(used in) operating activities:
Depreciation and amortization 2,184 1,911
Elimination of SuperMac loss for three months - 9,914
Common stock to be issued 12,022 -
(Increase) decrease in assets:
Accounts receivable (26,312) (14,658)
Inventories (10,212) 1,619
Prepaid expenses and other current assets (2,857) (716)
Income tax receivable 7,829 9,551
Deferred income taxes - 1,012
Increase (decrease) in liabilities:
Accounts payable 27,522 4,928
Accrued payroll and related expenses (699) (731)
Accrued warranty costs 128 (1,622)
Other accrued liabilities 3,524 1,667
Accrued restructuring costs (11,655) (5,798)
Accrued income taxes (155) (348)
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Net cash (used in) operating activities (21,448) (2,806)
Cash flows from investing activities:
Capital expenditures (2,983) (1,962)
Deposits and other assets (153) (352)
Purchase of short-term investments - (2,002)
Proceeds from sale or maturity of short-term investments - 9,902
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Net cash provided by (used in) investing activities (3,136) 5,586
Cash flows from financing activities:
Principal payments of short-term borrowings, net 388 135
Principal payments of long-term debt and capital leases (896) (314)
Issuance of common stock 1,446 1,993
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Net cash provided by (used in) financing activities 938 1,814
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Net increase (decrease) in cash and cash equivalents (11,624) 4,594
Cash and cash equivalents, beginning of period 15,997 24,013
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Cash and cash equivalents, end of period $ 4,373 $ 28,607
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Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest paid $ 1,082 $ 358
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Income taxes paid $ - $ 6
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See accompanying notes.
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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.
Dated: June 16, 1995 RADIUS INC.
By: \s\
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Charles W. Berger
Chairman, President, Chief
Executive Officer
By: \s\
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Robert W. Saltmarsh
Chief Financial Officer
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