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 June 27,1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file no. 1-11056
ADVANCED PHOTONIX, INC.
Incorporated pursuant to the Laws of Delaware
IRS Employer Identification No. 33-0325826
1240 Avenida Acaso, Camarillo, CA 93012
(805) 987-0146
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
On August 4, 1999, 10,849,260 shares of Class A Common Stock, $.001 par value,
and 68,135 shares of Class B Common Stock, $.001 par value, were outstanding.
<PAGE>
ADVANCED PHOTONIX, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
For the three month period ended June 27, 1999 June 28, 1998
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NET PRODUCT SALES $ 1,520,000 $ 1,958,000
COSTS AND EXPENSES
Cost of product sales 1,034,000 1,255,000
Research and development 163,000 90,000
Marketing and sales 253,000 250,000
General and administrative 249,000 270,000
---------------- ----------------
1,699,000 1,865,000
---------------- ----------------
PROFIT (LOSS) FROM OPERATIONS (179,000) 93,000
---------------- ----------------
OTHER INCOME
Interest income 26,000 28,000
Other, net (2,000) 1,000
---------------- ----------------
24,000 29,000
---------------- ----------------
NET INCOME (LOSS) - $ (155,000) $ 122,000
$(.01), $.01 per share ================ ================
See notes to consolidated financial statements.
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