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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): JULY 25, 2000
IBIS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
MASSACHUSETTS 0-23150 04-2987600
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
32 CHERRY HILL DRIVE, DANVERS, MASSACHUSETTS 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
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ITEM 5. OTHER EVENTS.
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On July 25, 2000, the Registrant publicly disseminated a press release
announcing its financial results for the second quarter and six months ended
June 30, 2000.
The Registrant's revenues for the second quarter ended June 30, 2000 were
$5,920,000, 16% greater than the $5,107,000 reported in the comparable 1999
quarter. For the first six months of 2000, total revenues were $7,959,000
compared to $9,555,000 reported for the first six months of 1999. The decrease
in revenues for the first six months was due to decreased equipment revenue. The
Registrant anticipates that it is likely to continue to experience fluctuations
in its quarterly revenues and results of operations.
The Registrant's net loss for the 2000 second quarter was $23,000 or $0.00 per
share, compared to net income of $248,000, or $0.03 per share, in the similar
period a year ago. For the six months ended June 30, 2000, the net loss was
$395,000, or $0.05 per share, compared to net income of $494,000, or $0.07 per
share, a year ago. Operating expenses for the first half increased to $4,153,000
from $2,189,000 primarily due to increased R&D spending.
The information contained in the press release is incorporated herein by
reference and filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibit.
99.1 The Registrant's Press Release dated July 25, 2000.
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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 hereunto duly authorized.
IBIS TECHNOLOGY CORPORATION
(Registrant)
Date: July 26, 2000 /s/ Debra L. Nelson
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Debra L. Nelson, Chief Financial Officer
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EXHIBIT INDEX
Exhibit Sequential
Number Description Page Number
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99.1 The Registrant's Press Release 5
dated July 25, 2000
4
