DMX INC
10-Q/A, 1996-07-01
COMMUNICATIONS SERVICES, NEC
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<PAGE>
 
   
     As filed with the Securities and Exchange Commission on July 1, 1996
                                                                 ----
    
               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                     
                                   FORM 10-Q/A
                                                   
   
[X]  FIRST AMENDMENT TO THE QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
     THE SECURITIES AND EXCHANGE ACT OF 1934
    

     For the quarterly period ended March 31, 1996


                                       OR


[_]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND
     EXCHANGE ACT OF 1934

     For the transition period from __________________ to ____________________



                          Commission File No. 0-18806

                                    DMX INC.
             (Exact name of Registrant as specified in its Charter)


          Delaware                                              95-4275106
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                             Identification No.)


     11400 WEST OLYMPIC BOULEVARD, SUITE 1100, LOS ANGELES, CA 90064-1507
                (Address of Principal Executive Offices)       (Zip code)

                                 (310) 444-1744
              (Registrant's telephone number, including area code)


                            ________________________


  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  
                                               ----      -----

  At March 29, 1996, the Registrant had 44,094,970 shares of its Common Stock
outstanding, excluding 85,630 shares held as Treasury Stock.

   
Total number of pages in this report, including cover page is  4.
                                                              ----
    
<PAGE>
 
                                  SIGNATURES
                                  ----------

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                             DMX INC.
                                             (Registrant)

   
By:  /s/ JEROLD H. RUBINSTEIN                              Date:  July 1, 1996
     Chairman of the Board and
     Chief Executive Officer
    

     Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the Company
and in the capacities and on the dates indicated.

   
<TABLE>
<CAPTION>
 
        Signature                Date                  Title
        ---------                ----                  -----            
<S>                          <C>              <C>  
 /s/ JEROLD H. RUBINSTEIN    July 1, 1996     Chairman of the Board and
                                              Chief Executive Officer
 
  
 /s/ J. WENDY KIM            July 1, 1996     Chief Financial Officer and
                                              Corporate Secretary
</TABLE> 
    
                                       23
<PAGE>
 
                                 EXHIBIT INDEX


<TABLE>      
<CAPTION> 

Exhibit No.          Description of Exhibit
- -----------          ----------------------
<C>                  <S> 
    27               Financial Data Schedule
</TABLE>      

<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10Q FOR
THE QUARTERLY PERIODS ENDED DECEMBER 31, 1995 AND MARCH 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   6-MOS                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1996             SEP-30-1996
<PERIOD-START>                             OCT-01-1995             OCT-01-1995
<PERIOD-END>                               MAR-31-1996             DEC-31-1995
<CASH>                                         272,488               1,260,889
<SECURITIES>                                         0                 165,000
<RECEIVABLES>                                5,166,854               4,616,012
<ALLOWANCES>                                   856,802                 856,802
<INVENTORY>                                    582,429<F1>             483,602<F2>
<CURRENT-ASSETS>                             5,164,969               5,668,701
<PP&E>                                       8,423,360               8,025,879
<DEPRECIATION>                               4,074,300               3,656,893
<TOTAL-ASSETS>                              10,297,691              10,706,186
<CURRENT-LIABILITIES>                        7,303,181               3,399,828
<BONDS>                                              0                       0
                                0                       0
                                          0                       0
<COMMON>                                       441,806                 436,806
<OTHER-SE>                                (18,932,677)            (12,248,399)
<TOTAL-LIABILITY-AND-EQUITY>                10,297,691              10,706,186
<SALES>                                      7,632,763               3,670,468
<TOTAL-REVENUES>                             7,632,763               3,670,468
<CGS>                                                0                       0
<TOTAL-COSTS>                               13,478,009               6,589,288
<OTHER-EXPENSES>                             9,486,767<F3>           4,507,501<F3>
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             100,042                  42,233
<INCOME-PRETAX>                           (15,189,101)             (7,372,396)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                       (15,189,101)             (7,372,396)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                              (15,189,101)             (7,372,396)
<EPS-PRIMARY>                                   (0.35)                  (0.17)
<EPS-DILUTED>                                        0                       0
<FN>
<F1>INCLUDES PREPAID EXPENSES OF 197,520
<F2>INCLUDES PREPAID EXPENSES OF 121,344
<F3>EQUITY IN LOSS OF DMX-E
</FN>
        

</TABLE>


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