Viking Systems, Inc. Form 12b-25 for its 6/30/06 10-QSB |
TYPE: NT 10-QSB
SEQUENCE: 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12b-25
¨ Form 10-K and Form 10-KSB ¨ Form 20-F ý Form 10-Q and Form 10-QSB ¨ Form N-SAR
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: VIKING SYSTEMS, INC.
Former Name if applicable: N/A
Address of Principal Executive Office:
4350 La Jolla Village Dr., Suite 900
San Diego, CA 92122
Part II - Rules 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.
¨ (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
ý (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or 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 Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof could not be filed within the prescribed period.
The process of compiling and reviewing the information required to be included in the Form 10-QSB for the quarter ended June 30, 2006 could not be completed prior to the filing date without incurring undue hardship and expense. The Registrant undertakes the responsibility to file such quarterly report no later than five calendar days after its original due date.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this notification:
Gregory M. Decker
Chief Financial Officer
4350 La Jolla Village Dr., Suite 900
San Diego, CA 92122
Phone: 858.431.4010
(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 required to file such report(s) been filed? If the answer is no, identify report(s).
(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?
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.
For the three months ended June 30, 2006 Viking Systems, Inc. (the "Company") expects to report revenue of $0.9 million, gross profit of $0.1 million and an operating loss of $2.0 million. This is compared to revenue for the three months ended June 30, 2005 of $1.1 million, gross profit of $0.3 million and an operating loss of $1.0 million. For the six months ended June 30, 2006, the Company expects to report total revenue of $2.1 million, gross profit of $0.5 million and an operating loss of $3.4 million. This is compared to revenue for the comparable 2005 six month period of $1.9 million, gross profit of $0.5 million and an operating loss of $1.9 million.
A reasonable estimate of total net losses for the three and six month periods ended June 30, 2006 cannot be made at this time as the determination and review of the financial statement impact of certain transactions related to the preferred stock financing completed by the Company during the second quarter of 2006, that the Company expects to report as Other Income (Expense), has not yet been completed. Results for the three and six months ended June 30, 2006 remain subject to further review and adjustment, and actual results may differ for the foregoing estimates.
Viking Systems, Inc. has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: August 14, 2006 | |
| | Chief Financial Officer |
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
