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): July 28, 2003
INNOTRAC CORPORATION
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(Exact name of Registrant as Specified in its Charter)
Georgia 000-23741 58-1592285
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(State or other Jurisdiction of (Commission File (IRS Employer
Incorporation or Organization) Number) Identification No.)
6655 Sugarloaf Parkway
Duluth, Georgia 30097
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (678) 584-4000
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS
(a) Financial Statements of Businesses Acquired:
None.
(b) Pro Forma Financial Information:
None.
(c) Exhibits:
Exhibit No. Description
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99.1 Innotrac Corporation press release dated July 28, 2003,
announcing Innotrac's financial results for the second quarter
of 2003 (furnished pursuant to Item 12 of Form 8-K).
ITEM 12. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On July 28, 2003, Innotrac Corporation ("Innotrac") issued a press release
to announce its financial results for the second quarter of 2003. A copy of the
press release is attached as Exhibit 99.1. The press release presents Innotrac's
earnings before interest, taxes, depreciation and amortization ("EBITDA") for
the second quarter of 2003, along with a reconciliation of EBITDA to net income
(loss) as presented in the condensed consolidated statement of operations.
Management believes that presentation of non-GAAP financial measures such
as EBITDA is useful because it allows investors and management to evaluate and
compare Innotrac's core operating results from ongoing operations from period to
period in a more meaningful and consistent manner than relying exclusively on
GAAP financial measures. Non-GAAP financial measures however should not be
considered in isolation or as an alternative to financial measures calculated
and presented in accordance with GAAP. Because EBITDA is not a measurement
determined in accordance with GAAP and is thus susceptible to varying
calculations, EBITDA as used in the press release may not be comparable to other
similarly titled measures used by other companies.
As used herein, "GAAP" refers to accounting principles generally accepted
in the United States.
The information in this Report, including the Exhibit attached hereto, is
furnished solely pursuant to Item 12 of this Form 8-K. Consequently, it is not
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, or otherwise subject to the liabilities of that section. It may only be
incorporated by reference in another filing under the Exchange Act or Securities
Act of 1933 if such subsequent filing specifically references this Form 8-K.
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.
INNOTRAC CORPORATION
By: /s/ David L. Gamsey
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David L. Gamsey
Senior Vice President,
Chief Financial Officer and
Date: July 28, 2003 Secretary