UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: December 31, 1997
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates
PART I
REGISTRANT INFORMATION
Semiconductor Laser International Corporation
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Full Name of Registrant
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Former Name if Applicable
15 Link Drive
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Address of Principal Executive Offices (Street and Number)
Binghamton, New York 13904
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City, State and Zip Code
PART II
Rules 12b-25 and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-k, Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or Transition
report on Form 10-Q, or portion thereof, will be filed on or before
the fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable
PART III
Narrative
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
As a result of an unforseen shortage in personnel and the associated
extensive business demands placed on the Corporation, certain
information and projections are only in the process of being completed
for presentation to the Company's auditors. This has created a delay
in management's ability to complete the preparation of Form 10-KSB on a
timely basis without the incurrence of unreasonable effort and expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Geoffrey T. Burnham 607 722-3800
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(Name) (Area Code) (Telephone Number)
(2) Have all periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed?
If answer is no, identify report(s) [X] Yes [ ] No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statement to be included in the subject report or portion
thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
It is anticipated that the loss reflected in the results of operations
will increase approximately $4,300,000 or $1.01 per share. This
increase in loss per share is primarily attributable to the recognition
of non-cash charges associated with warrants issued in connection with
a financial public relations program and recognition of a beneficial
conversion feature associated with convertible preferred stock issued
in October 1997. Also, increased expenses associated with an increase
in business activity related to the transition from development stage
to commercial operation further contributed to the increased loss from
operations.
Semiconductor Laser International Corporation
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has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: March 31, 1998
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By: /s/ Geoffrey T. Burnham
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Geoffrey T. Burnham, Chairman, President
and Chief Executive Officer (principal
executive officer and principal
financial and accounting officer)
