SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 9, 1996 (July 9, 1996)
LASERSIGHT INCORPORATED
Exact name of registrant as specified in its charter
Delaware
State or other jurisdiction of incorporation
0-19671 65-0273162
Commission File Number I.R.S. Employer Identification No.
12161 Lackland Road, St. Louis, Missouri 63146
Address of Principal Executive Offices
Registrant's telephone number, including area code: (314) 469-3220
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Item 5. Other Events.
The press release issued by LaserSight Incorporated dated July 9, 1996 is
incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit 99. Press Release dated July 9, 1996
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.
LaserSight Incorporated
Date: July 9, 1996 By: /s/Gregory L. Wilson
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Gregory L. Wilson
Chief Financial Officer
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EXHIBIT 99
NASDAQ SYMBOL: LASE
LASERSIGHT ANNOUNCES PRELIMINARY SECOND-QUARTER ESTIMATES
St. Louis, MO -- July 9, 1996..... LaserSight Incorporated (NASDAQ:LASE)
announced today that, based upon preliminary estimates, second quarter revenues
are expected to increase approximately 30 percent over the first quarter of 1996
to between $6.0 and $6.2 million from $4.6 million. Earnings per share are
expected to improve from the first quarter of 1996, with a second quarter range
of an estimated $0.03 loss to break even, versus a $0.19 loss. These preliminary
results are subject to the Company closing its books and customary quarterly
review procedures by the Company and its independent auditors.
"The second quarter represents a dramatic improvement over the first quarter in
both bottom line results and positive impact to the Company's balance sheet.
This balance sheet impact stems from the more stringent credit policy
implemented in April associated with laser sales during the second quarter. Over
80 percent of the laser sales have either been collected or are due within the
next 90 days," said Michael R. Farris, president and chief executive officer of
LaserSight.
The addition in late May of Mr. Paul Reithler-Barros as vice president of sales
and marketing for LaserSight Technologies contributed to the leadership of the
Company and the existence of a sales backlog at the end of June. Mr. Farris
added, "Demand for our technology internationally remains strong. With progress
in our technology division and the completion of the acquisition of the assets
of the Northern New Jersey Eye Institute, we are now focused more than ever on
acquiring managed care lives and key ophthalmic practices."
LaserSight Incorporated is a holding company with four operating subsidiaries
engaged in the business of laser manufacturing and international sales,
third-party managed vision care administration, ophthalmic practice management,
and health and vision care consulting services.
For additional information please contact:
Marti Benfield, Investor Relations
(314) 469-3220
