UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): January 29, 2004
INFOCUS CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number: 000-18908
Oregon |
| 93-0932102 |
(State or other jurisdiction of incorporation |
| (I.R.S. Employer Identification No.) |
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27700B SW Parkway Avenue, Wilsonville, Oregon |
| 97070 |
(Address of principal executive offices) |
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Registrant’s telephone number, including area code: 503-685-8888 | ||
INFOCUS CORPORATION
FORM 8-K
INDEX
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(c) Exhibits
This list is intended to constitute the exhibit index:
99.1 |
| Press release dated January 29, 2004 regarding the announcement of InFocus Corporation’s revenue and earnings for its fourth quarter and full year ended December 31, 2003. |
Item 12. Results of Operations and Financial Condition
On January 29, 2004 InFocus Corporation issued a press release announcing a loss of $11.0 million, or $(0.28) per share, on revenues of $185.7 million for its fourth quarter ended December 31, 2003 and a loss of $109.5 million, or $(2.78) per share, on revenues of $604.5 million for the year ended December 31, 2003.
A copy of the January 29, 2004 press release is included as exhibit 99.1 hereto. This exhibit is not filed, but is furnished pursuant to Item 12. (a) of Form 8-K.
The Company provides in the press release certain non-GAAP financial measures, including pro forma net loss and pro forma net loss per share. As used herein, “GAAP” refers to accounting principles generally accepted in the United States. These non-GAAP financial measures exclude a long-lived asset impairment charge and restructuring charges from the directly comparable GAAP measures. As required by Regulation G, the press release contains a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures. The Company believes the non-GAAP measures are useful to investors because they provide an alternative method for measuring the operating performance of the Company’s business, excluding certain non-recurring and non-cash items that would normally be included in the most directly comparable GAAP financial measure. The Company’s management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating the Company’s operating performance. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-GAAP financial measures as reported by the Company may not be comparable to similarly titled items reported by other companies.
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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.
Date: January 29, 2004 | INFOCUS CORPORATION | ||
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| By: | /s/John V. Harker |
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| John V. Harker | ||
| Chairman of the Board and | ||
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| By: | /s/Michael D. Yonker |
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| Michael D. Yonker | ||
| Senior Vice President, Finance, Chief Financial | ||
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