UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(Mark one) FORM 10-Q/A
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended February 29, 1996
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 0-15784
DSI INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 13-3273041
(State of Incorporation) (IRS Employer
Identification No.)
5211 Brownfield Highway
Suite 230 79407
Lubbock, Texas (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (806) 785-8400
Former name, former address and former fiscal year, if changed since last
report: No Change
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 practicable date.
Class Outstanding at March 29, 1996
Common stock, par value $.01 per share 23,693,365 shares
PART II
OTHER INFORMATION
Item 6. Exhibits and Reports
(A) Exhibits:
27. Financial data schedule
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.
DSI INDUSTRIES, INC.
Dated: July 31, 1996 By: /s/ Sherman H. Norton, Jr.
Sherman H. Norton, Jr.
Chairman, Chief Executive Officer and President
Dated: July 31, 1996 By: /s/ David W. Ridley
David Ridley, Chief Financial Officer
(Principal Financial and Accounting Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Form 10-Q
for the quarterly period ended February 29, 1996 (Balance Sheet and Statement of
Operations) and is qualified in its entirety by reference to such Form 10-Q.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-END> FEB-29-1996
<CASH> 166,055
<SECURITIES> 4,607
<RECEIVABLES> 2,041,531
<ALLOWANCES> 90,000
<INVENTORY> 0
<CURRENT-ASSETS> 2,626,605
<PP&E> 11,847,915
<DEPRECIATION> 4,453,164
<TOTAL-ASSETS> 11,702,928
<CURRENT-LIABILITIES> 9,610,021
<BONDS> 0
0
0
<COMMON> 236,934
<OTHER-SE> 1,055,391
<TOTAL-LIABILITY-AND-EQUITY> 1,292,325
<SALES> 0
<TOTAL-REVENUES> 4,889,818
<CGS> 0
<TOTAL-COSTS> 4,220,749
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 99,104
<INCOME-PRETAX> (20,369)
<INCOME-TAX> 0
<INCOME-CONTINUING> (20,369)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (20,369)
<EPS-PRIMARY> 0.00
<EPS-DILUTED> 0.00
</TABLE>