SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July, 2000
Bonso Electronics International Inc.
------------------------------------
(Translation of Registrant's name into English)
Flat A-D, 8th Floor, Universal Industrial Centre, 23-25 Shan Mei Street,
Fo Tan, Shatin, N.T., Hong Kong
-------------------------------
(Address of principal executive offices)
[Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F X Form 40-F _____
[Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes _____ No X
<PAGE>
BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE
--------------------------------------------------------------------------------
Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact:
23-25, Shan Mei Street George O'Leary
Fo Tan, Shatin, N.T. 1919 Yacht Colinia
Hong Kong Newport Beach, CA 92660 USA
Email address : [email protected] Telephone: (949) 760-9611
Facsimile: (949) 760-9607
BONSO ELECTRONICS REPORTS YEAR END
GAINS IN REVENUES AND NET INCOME
HONG KONG, July 6, 2000 - Bonso Electronics International Inc.
(NASDAQ:BNSO) today reported net income of $348,000, or $0.0989 cents per basic
share, on revenues of $15,380,000 for the fiscal year ended March 31, 2000.
Revenues increased 17.8 percent over the $13,046,000 reported in the 1999
fiscal year in which net income was $14,000, or less than $0.0045 per basic
share. Operating income was up 10.7 percent to $270,000 for the year ended March
31, 2000, compared to $244,000 in the prior year.
"Bonso achieved a major diversification goal during the fourth quarter with
the award of contracts to manufacture two way radio products for the U.S.
market, using the Family Radio Service frequencies allocated by the FCC, and
cordless telephones to be marketed by a European telecommunications firm," said
Anthony So, Bonso chairman, president and CEO. "These contracts will have a
significant impact on revenues and earnings throughout the coming year."
During the year, the company expanded its organization, facilities and
manufacturing capacity to complete the transition to a full electronic
manufacturing services provider, which includes design engineering, total
quality and supply chain management and production of complete end products, he
added.
Headquartered in Hong Kong, Bonso Electronics designs, develops,
manufactures, assembles and markets a comprehensive line of telecommunication
products, electronic scales and weighing instruments and health care products.
Bonso products are manufactured in the People's Republic of China on behalf of
customers primarily located in North America and Europe. Company services
include product design and prototyping, production tooling, procurement of
components, total quality management, and just-in-time delivery. Bonso also
independently designs and develops electronic products for private label
markets. For further information, visit the company's web site at www.bonso.com.
The statements contained in the press release which are not historical facts are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
financial results, additional financing requirements, development of new
products, government approval processes, the impact of competitive products or
pricing, technological changes, the effect of economic conditions and other
uncertainties detailed in the company's filings with the Securities and Exchange
Commission.
<PAGE>
FINANCIAL SUMMARY
For the Year Ended March 31
2000 1999
---- ----
Revenues $ 15,380,000 $ 13,046,000
Gross Profit 4,262,000 4,234,000
Income From Operations 270,000 244,000
Income (Loss) Before Taxes 345,000 (22,000)
Tax Benefit 3,000 36,000
Net Income $ 348,000 $ 14,000
Earnings Per Share:
Basic $ 0.0989 $ 0.0045
Diluted $ 0.0874 $ 0.0037
Weighted Average
Shares Outstanding 3,515,690 3,079,219
<PAGE>
BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE
--------------------------------------------------------------------------------
Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact:
23-25, Shan Mei Street George O'Leary
Fo Tan, Shatin, N.T. 1919 Yacht Colinia
Hong Kong Newport Beach, CA 92660 USA
Email address : [email protected] Telephone: (949) 760-9611
Facsimile: (949) 760-9607
BONSO ELECTRONICS INTERNATIONAL INC.
ANNOUNCES STOCK REPURCHASE PROGRAM FOR COMMON STOCK
HONG KONG .... July 10, 2000. Bonso Electronics International Inc. (NASDAQ
Symbol: BNSO--Common and BNSOZ--Warrants) announced today that the Company's
Board of Directors has authorized the purchase of up to $1,000,000 of its
outstanding shares of Common Stock from time-to-time in open market and in
privately negotiated transactions.
Anthony So, the President and Chief Executive Officer of the Company, noted that
the Board of Directors has taken this action because of the recent decline in
the price of the Company's common stock to $8.00 per share on July 7, 2000. Mr.
So noted that the Board of Directors believes that the common stock is
undervalued and that the repurchase of shares at current levels should be
beneficial to the Company's shareholders.
About Bonso Electronics
Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures,
assembles and markets a comprehensive line of telecommunication products,
electronic scales and weighing instruments and health care products. Bonso
products are manufactured in the People's Republic of China on behalf of
customers primarily located in North America and Europe. Company services
include product design and prototyping, production tooling, procurement of
components, total quality management, and just-in-time delivery. Bonso also
independently designs and develops electronic products for private label
markets. For further information, visit the company's web site at www.bonso.com.
The statements contained in the press release which are not historical facts are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
financial results, additional financing requirements, development of new
products, government approval processes, the impact of competitive products or
pricing, technological changes, the effect of economic conditions and other
uncertainties detailed in the company's filings with the Securities and Exchange
Commission.
##30##
<PAGE>
BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE
--------------------------------------------------------------------------------
Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact:
23-25, Shan Mei Street George O'Leary
Fo Tan, Shatin, N.T. 1919 Yacht Colinia
Hong Kong Newport Beach, CA 92660 USA
Email address : [email protected] Telephone: (949) 760-9611
Facsimile: (949) 760-9607
BONSO ELECTRONICS INTERNATIONAL INC.
ANNOUNCES THAT ITS WARRANTS HAVE
COMMENCED TRADING ON NASDAQ
HONG KONG .... July 12, 2000. Bonso Electronics International Inc. (NASDAQ
Symbol: BNSO) announced that its Warrants commenced trading on Thursday July 6,
2000, on Nasdaq-SmallCap under the symbol BNSOZ. In commenting upon the
announcement, Anthony So, President and Chief Executive Officer of Bonso stated,
"We believe that the listing of our Warrants on the Nasdaq SmallCap Market will
be of substantial value to our warrantholders, and provide greater access to
investment capital to Bonso." Bonso Electronics is a leading contract
manufacturer of electronics products, and designs, develops, manufactures and
sells a comprehensive line of electronic scales and weighing instruments and
electronic consumer and health care products. The Company manufactures all of
its products in the People's Republic of China. The Company's electronic scales
include bathroom, kitchen, office, jewelry, laboratory, pocket, postal,
industrial and parcel scales that are used in consumer, commercial and
industrial applications. The Company's electronic consumer and health care
products include electronic thermometers and blood pressure meters. The
Company's telecommunications products include cordless telephones and two-way
radios products. Headquartered in Hong Kong, Bonso Electronics markets its
products to customers primarily in North America and Europe.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements which are not historical facts contained in this press
release are forward-looking statements that involve certain risks and
uncertainties including, but not limited to, risks associated with the
uncertainty of future financial results, additional financing requirements,
development of new products, government approval processes, the impact of
competitive products or pricing, technological changes, the effect of economic
conditions and other uncertainties detailed in the Company's filings with the
Securities and Exchange Commission.
--30--
<PAGE>
BONSO ELECTRONICS INTERNATIONAL INC. NEWS RELEASE
--------------------------------------------------------------------------------
Flat A-D, 8/Floor, Universal Industrial Centre North America Company Contact:
23-25, Shan Mei Street George O'Leary
Fo Tan, Shatin, N.T. 1919 Yacht Colinia
Hong Kong Newport Beach, CA 92660 USA
Email address : [email protected] Telephone: (949) 760-9611
Facsimile: (949) 760-9607
BONSO ELECTRONICS INTERNATIONAL INC.
REPORTS RECORD GAIN IN NET INCOME
ON DOUBLED REVENUES
HONG KONG .... July 17, 2000. Bonso Electronics International Inc. (NASDAQ
Symbol: BNSO) today reported net income of $1,186,000 on revenues of $9,181,000
for the three months ended June 30, 1000, an increase of 115 percent in sales
and 207 percent in net income over the comparable 1999 period.
Earnings per share of $0.21 in the first fiscal quarter ended June 30, 2000,
which compares to $0.12 in the same 1999 period, reflects a 75% increase in
adjusted weighted average shares outstanding due to conversion of warrants in
January 2000 which added 1,673,776 additional shares outstanding over the prior
year. Net income for the 1999 first fiscal quarter was $386,000 on revenues of
$4,340,000.
The substantial gains in revenues and earnings in the first quarter were
primarily attributed to shipments of telecommunications products under contracts
announced earlier this year to manufacture two-way radio products for North
American markets and cordless telephones for European markets.
"Wireless communications products for consumer markets accounted for 33% of
first quarter revenues, and existing contracts for these products call for
production at current levels to continue through the remainder of the year,"
said Anthony So, Bonso chairman, president and CEO.
Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures,
assembles and markets a comprehensive line of telecommunication products,
electronic scales and weighing instruments and health care products. Bonso
products are manufactured in the People's Republic of China on behalf of
customers primarily located in North America and Europe. Company services
include product design and prototyping, production tooling, procurement of
components, total quality management, and just-in-time delivery. Bonso also
independently designs and develops electronic products for private label
markets. For further information, visit the company's web site at www.bonso.com.
The statements contained in the press release which are not historical facts are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
financial results, additional financing requirements, development of new
products, government approval processes, the impact of competitive products or
pricing, technological changes, the effect of economic conditions and other
uncertainties detailed in the company's filings with the Securities and Exchange
Commission.
<PAGE>
FINANCIAL SUMMARY
For the Three Months Ended June 30
2000 1999
---- ----
(Unaudited) (Unaudited)
Revenues $9,181,000 $4,340,000
Gross Profit 2,458,000 1,346,000
Income From Operations 1,137,000 428,000
Net Income $1,186,000 $ 386,000
Earnings Per Share:
Basic $ 0.22 $ 0.12
Diluted $ 0.21 $ 0.12
Weighted Average Shares Outstanding 5,513,251 3,119,159
Incremental shares from assumed
exercise of warrants and stock options 52,542 141,408
Adjusted weighted average shares 5,565,793 3,260,567
<PAGE>
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.
BONSO ELECTRONICS INTERNATIONAL INC.
(Registrant)
Date: August 9, 2000 By: /s/ Henry F. Schlueter
-------------- --------------------------
Henry F. Schlueter, Assistant Secretary
