-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QZu2kZKcHfpw34qV3GGOG689ngPGpRP0Zb3cWKO6pirADq6ZtyMKj7g5IrLfO3PB EEeIYhJDdeXCJ/ZY1UepUQ== 0000891092-04-004021.txt : 20040811 0000891092-04-004021.hdr.sgml : 20040811 20040811113258 ACCESSION NUMBER: 0000891092-04-004021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040810 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANAREN INC CENTRAL INDEX KEY: 0000006314 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 160928561 STATE OF INCORPORATION: NY FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06620 FILM NUMBER: 04966177 BUSINESS ADDRESS: STREET 1: 6635 KIRKVILLE RD CITY: EAST SYRACUSE STATE: NY ZIP: 13057 BUSINESS PHONE: 3154328909 MAIL ADDRESS: STREET 1: 6635 KIRKVILLE ROAD CITY: EAST SYRACUSE STATE: NY ZIP: 13057 FORMER COMPANY: FORMER CONFORMED NAME: MICRONETICS INC DATE OF NAME CHANGE: 19721103 8-K 1 e18814_8k.txt FORM 8-K 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): August 10, 2004 ANAREN, INC. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) New York 000-6620 16-0928561 - ------------------------------- ------------------------ ------------------- (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification No.) 6635 Kirkville Road, East Syracuse, New York 13057 -------------------------------------------- ------------------- (Address of Principal Executive Offices) (Zip code) (315) 432-8909 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) ---------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. 99.1 Press Release of Anaren, Inc. dated August 10, 2004 ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On August 10, 2004, Anaren, Inc. issued a correction release for the fiscal year ended June 30, 2004. A copy of the correction release is attached as Exhibit 99.1. 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. ANAREN, INC. Date: August 10, 2004 By: /s/ Lawrence A. Sala ----------------------------- Lawrence A. Sala President and Chief Executive Officer EX-99.1 2 e18814ex99-1.txt PRESS RELEASE Exhibit 99.1 Anaren Issues Correction SYRACUSE, N.Y., Aug. 10 /PRNewswire-FirstCall/ -- Anaren, Inc. (Nasdaq: ANEN) today reported that due to a miscalculation, the Company's basic and diluted share counts were understated by approximately 0.1%. As a result, the Company's income per diluted share from continuing operations for fiscal year 2004 was reported on August 4, 2004 as $0.36 versus a corrected $0.35, and its net income per diluted share was reported as $0.37 versus a corrected $0.36. The basic and diluted per share amounts for the quarter ended June 30, 2004 remain unchanged as previously reported. Company Background Anaren designs, manufactures and sells complex microwave signal distribution networks and components for the wireless communications, satellite communications and defense electronics markets. For more information on Anaren's products, visit our Web site at http://www.anaren.com. Anaren, Inc. Consolidated Condensed Statements of Income (Unaudited) Three Months Ended Twelve Months Ended June 30, June 30, June 30, June 30, 2004 2003 2004 2003 Net Sales $24,827,114 $18,484,189 $85,078,939 $75,520,020 Cost of sales 15,332,027 12,848,536 55,069,793 51,820,520 Gross profit 9,495,087 5,635,653 30,009,146 23,699,500 Operating expenses: Marketing 1,742,553 1,513,558 6,723,478 6,160,557 Research and development 1,911,196 1,422,212 5,860,493 6,140,157 General and administrative 2,960,602 2,104,724 8,731,580 8,392,023 Restructuring - 498,821 - 794,527 Total operating expenses 6,614,351 5,539,315 21,315,551 21,487,264 Operating income 2,880,736 96,338 8,693,595 2,212,236 Other income (expense): Interest expense (2,676) (10,182) (10,195) (49,950) Other, primarily interest income 467,177 443,282 1,678,414 2,210,482 Total other income (expense), net 464,501 433,100 1,668,219 2,160,532 Income from continuing operations before income taxes 3,345,237 529,438 10,361,814 4,372,768 Income taxes 689,000 130,456 2,695,000 798,268 Income from continuing operations 2,656,237 398,982 7,666,814 3,574,500 Discontinued operations: Income (loss) from discontinued Operations of Anaren Europe 133 (4,041,158) (1,509,686) (8,029,222) Income tax benefit - (186,456) (1,800,000) (662,268) Net income (loss) from discontinued operations 133 (3,854,702) 290,314 (7,366,954) Net income $2,656,370 $(3,455,720) $7,957,128 $(3,792,454) Basic earnings per share: Income from continuing operations $0.13 $0.02 $0.37 $0.16 Income (loss) from discontinued operations 0.00 (0.18) 0.01 (0.33) Net income $0.13 $(0.16) $0.38 $(0.17) Diluted earnings per share: Income from continuing operations $0.12 $0.02 $0.35 $0.16 Income (loss) from discontinued operations 0.00 (0.17) 0.01 (0.33) Net income $0.12 $(0.15) $0.36 $(0.17) Shares used in computing net earnings Per share: Basic 20,638,326 21,996,915 21,026,001 22,214,181 Diluted 21,413,113 22,447,830 21,807,538 22,701,245 SOURCE Anaren, Inc. -0- 08/10/2004 /CONTACT: Lawrence A. Sala, President\CEO, or Joseph E. Porcello, VP of Finance, both of Anaren, Inc., +1-315-432-8909/ /Photo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO / /Web site: http://www.anaren.com/ (ANEN) CO: Anaren, Inc. ST: New York IN: OFP ECP TLS SU: ERN -----END PRIVACY-ENHANCED MESSAGE-----