UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
( Amendment No. 1 )
(Mark One)
(X) Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the fiscal year ended December 31, 1995
( )Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from to
Commission File No. 0-5265
SCAN-OPTICS, INC.
(Exact name of registrant as specified in its charter)
Delaware 06-0851857
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
22 Prestige Park Circle, East Hartford, CT 06108
(Address of principal executive offices) Zip Code
(860) 289-6001
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: Common stock,
$.02 par value
(Title of Class)
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. (X) YES ( ) NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [X]
The aggregate market value of the voting stock (common) held by non-affiliates
of the registrant: $24,288,078 as of March 27, 1996.
The number of shares of common stock, $.02 par value, outstanding as of March
27, 1996 was 6,939,451.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this annual report to be signed on
its behalf by the undersigned, thereunto duly authorized.
SCAN-OPTICS, INC.
Registrant
By: /ss/
_________________
Richard I. Tanaka
Chairman, Chief Executive
Officer and Director
Date: March 25, 1996
<TABLE> <S> <C>
<ARTICLE> 5
EXHIBIT 27.
( Amendment No. 1 )
SCAN-OPTICS, INC.
FINANCIAL DATA SCHEDULE
<S> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 DEC-31-1993
<PERIOD-END> DEC-31-1995 DEC-31-1994 DEC-31-1993
<CASH> 281,000 178,000 0<F1>
<SECURITIES> 0 0 0<F1>
<RECEIVABLES> 10,297,000 9,124,000 0<F1>
<ALLOWANCES> 413,000 279,000 0<F1>
<INVENTORY> 13,746,000 14,223,000 0<F1>
<CURRENT-ASSETS> 25,585,000 24,608,000 0<F1>
<PP&E> 18,149,000 17,894,000 0<F1>
<DEPRECIATION> 14,340,000 13,272,000 0<F1>
<TOTAL-ASSETS> 29,514,000 29,619,000 0<F1>
<CURRENT-LIABILITIES> 11,346,000 10,593,000 0<F1>
<BONDS> 0 0 0<F1>
0 0 0<F1>
0 0 0<F1>
<COMMON> 139,000 138,000 0<F1>
<OTHER-SE> 17,612,000 18,593,000 0<F1>
<TOTAL-LIABILITY-AND-EQUITY> 29,514,000 29,619,000 0<F1>
<SALES> 27,642,000 26,988,000 19,698,000
<TOTAL-REVENUES> 42,084,000 43,889,000 36,381,000
<CGS> 19,487,000 17,584,000 11,902,000
<TOTAL-COSTS> 43,460,000 42,724,000 37,349,000
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 0 0 0
<INCOME-PRETAX> (1,327,000) 1,244,000 (932,000)
<INCOME-TAX> (72,000) (40,000) 49,000
<INCOME-CONTINUING> (1,255,000) 1,284,000 (981,000)
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> (1,255,000) 1,284,000 (981,000)
<EPS-PRIMARY> (.19) .19 (.15)
<EPS-DILUTED> (.19) .19 (.15)
<FN>
<F1> This item is listed as ZERO, but is actually N/A (Not Available).
EDGAR filing requires a value in each column and therefore the zero
has been entered.
</TABLE>
