-----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, ObpFsDUeNP95PmLKZBceCV+LFr3u8v1garHZqQ57H5vof+koEYZux9PzCpDpAp9m dtO9dmDg0WAXOMuftvundg== 0000950133-01-501185.txt : 20010516 0000950133-01-501185.hdr.sgml : 20010516 ACCESSION NUMBER: 0000950133-01-501185 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 FILED AS OF DATE: 20010515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO NETWORK COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944310 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 541707962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 000-22235 FILM NUMBER: 1640490 BUSINESS ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6033346700 MAIL ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 FORMER COMPANY: FORMER CONFORMED NAME: OBJECTIVE COMMUNICATIONS INC DATE OF NAME CHANGE: 19970122 NT 10-Q 1 w49220ntnt10-q.txt FORM 12B-25 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 Commission File Number 000-22235 --------- NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ]Form N-SAR For Period Ended: March 31, 2001 -------------------------------------------------------------- [ ]Transition Report on Form 10-K [ ]Transition Report on Form 10-Q [ ]Transition Report on Form 20-F [ ]Transition Report on Form N-SAR [ ]Transition Report on Form 11-K For the Transition Period Ended: ------------------------------------------------ Read attached instruction sheet before preparing form. Please print or type. 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 Full name of registrant Video Network Communications, Inc. ----------------------------------------------------- Former name if applicable - ------------------------------------------------------------------------------ Address of principal executive office (Street and number) 50 International Drive - ------------------------------------------------------------------------------ City, state and zip code Portsmouth, New Hampshire 03801 ------------------------------------------------------ PART II Rule 12b-25 (b) 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.) (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, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th 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 Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) 2 The Registrant was unable to timely complete its Quarterly Report on Form 10-QSB without unreasonable effort and expense. Specifically, the Registrant was unable to complete its review of a revenue recognition question with its outside independent accounting firm, in time to complete its quarterly financial statements for the period ended March 31, 2001. The Registrant has now completed its analysis of that issue and will file its Quarterly Report on Form 10-QSB on or before the fifth calendar day following the prescribed due date. PART IV OTHER INFORMATION (1)Name and telephone number of person to contact in regard to this notification Robert H. Emery, Chief Financial Officer (603) 334-6741 - ----------------------------------------------------------------------------------------------------- (Name) (Area Code) (Telephone Number)
(2) Have all other 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 the answer is no, identify report(s). [X] Yes [ ] No (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 statements 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. Video Network Communications, Inc. - --------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: May 15, 2001 By: /s/ Robert H. Emery ------------------------------- ---------------------- Robert H. Emery Chief Financial Officer 3 Explanation of Change in Results of Operations From Prior Year Corresponding - ---------------------------------------------------------------------------- Period ------ The Company anticipates that its results of operations for the period ended March 31, 2001 will be significantly improved over its results of operations for the quarter ended March 31, 2000. In particular, the Company anticipates that its revenues will be approximately 300% higher in the first quarter of 2001 than in first quarter of the prior year, that its gross margin for the first quarter of 2001 will improve by approximately 1000% over the prior year period, and that its net loss for the first quarter of 2001 will decrease by approximately 60% over the first quarter of the prior year.
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