UNITED STATES
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): June 12, 2003
NEW FRONTIER MEDIA, INC.
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(Exact name of registrant as specified in its charter)
Colorado 000-23697 84-1084061
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(State of (Commission File (IRS Employer I.D.
Incorporation) Number) Number)
7007 Winchester Circle
Suite 200
Boulder, Colorado 80301
(303) 444-0900
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(Address and telephone number of
principal executive offices)
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Exhibits.
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99.1 Press Release issued by New Frontier Media, Inc. dated
June 12, 2003
Item 9. Regulation FD Disclosure
The information contained in this report is being furnished pursuant to Item 12
under Item 9 of Form 8-K.
On June 12, 2003, New Frontier Media, Inc., a Colorado corporation (the
"Registrant")issued the attached press release that includes financial
information for the fourth quarter of fiscal 2003 and for the fiscal year ended
March 31, 2003. A copy of the press release is attached as Exhibit 99.1 to this
Form 8-K and is incorporated herein by reference in its entirety.
The press release presents EBITDA - - a non-GAAP financial measure. For purposes
of Regulation G, a non-GAAP financial measure is a numerical measure of a
registrant's historical or future financial performance, financial position or
cash flows that exclude amounts, or is subject to adjustments that have the
effect of excluding amounts, that are included in the most directly comparable
measure calculated and presented in accordance with GAAP in the statement of
income, balance sheet or statement of cash flows (or equivalent statements) of
the issuer. In this regard, GAAP refers to generally accepted accounting
principles in the United States. Pursuant to the requirements of Regulation G,
the Registrant has provided a reconciliation within the earnings release of the
non-GAAP financial measure to the most directly comparable GAAP financial
measure.
EBITDA measures the amount of income generated each period by the Registrant
that could be used to service debt, pay taxes and fund capital expenditures. It
is important to note, however, that EBITDA does not represent cash provided or
used by operating activities. EBITDA should not be considered in isolation or as
a substitute for measures of performance prepared in accordance with GAAP.
EBITDA is presented in the press release because the Registrant's management
uses this information in evaluating the operating efficiency and overall
financial performance of its business. The Registrant's management also believes
that this information provides the users of the Registrant's financial
statements a valuable insight into its operating results.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
NEW FRONTIER MEDIA, INC.
(Registrant)
June 12, 2003 By: /S/ MICHAEL WEINER
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Michael Weiner, President
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EXHIBIT INDEX
Exhibit No. Exhibits.
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99.1 Press Release issued by New Frontier Media, Inc. dated
June 12, 2003
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