SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
EXCEL TECHNOLOGY, INC.
(Exact name of Registrant as specified in its Charter)
For the quarter ended March 31, 1996 Commission File Number 0-19306
Delaware 11-2780242
(State or other jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
45 Adams Ave. (516) 273-6900
Hauppauge, NY 11788 Registrant's Telephone
(Address of Principal Number)
Executive Offices)
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 [ ]
The number of shares of the Registrant's common stock outstanding as of
May 7, 1996 as: 8,529,897.
The number of shares of the Registrant's Series 1 convertible preferred
stock outstanding as of May 7, 1996 was: 345,292.
The number of the Registrant's Class B warrants outstanding as of
May 7, 1996 was: 1,254,058.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits - (11) Computation of net earnings per share
(b) Reports on Form 8-K - None
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.
DATED: May 10, 1996
EXCEL TECHNOLOGY, INC.
By: /s/ J. Donald Hill
..............................
J. Donald Hill President and
Chief Executive Officer
By: /s/ Antoine Dominic
..............................
Antoine Dominic
Chief Financial Officer
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 1,591,809
<SECURITIES> 5,041,045
<RECEIVABLES> 10,588,564
<ALLOWANCES> 0
<INVENTORY> 12,554,780
<CURRENT-ASSETS> 43,278,842
<PP&E> 1,668,816
<DEPRECIATION> 0
<TOTAL-ASSETS> 43,278,842
<CURRENT-LIABILITIES> 12,233,958
<BONDS> 0
0
363
<COMMON> 8,498
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 43,278,842
<SALES> 13,895,613
<TOTAL-REVENUES> 13,895,613
<CGS> 7,465,248
<TOTAL-COSTS> 7,465,248
<OTHER-EXPENSES> 4,627,240
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 197,696
<INCOME-PRETAX> 1,600,344
<INCOME-TAX> 544,706
<INCOME-CONTINUING> 1,055,638
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,055,638
<EPS-PRIMARY> 0.11
<EPS-DILUTED> 0.11
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