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): August 5, 2004
NEW FRONTIER MEDIA, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-23697 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 12. Results of Operations and Financial Condition
On August 5, 2004, New Frontier Media, Inc., a Colorado corporation (the
"Registrant") issued the attached press release that included financial
information for the first quarter of fiscal 2005. A copy of the press release is
attached as Exhibit 99.1 to this Report on Form 8-K. The information contained
in the press release shall not be deemed incorporated by reference into any of
the Company's registration statements filed with the Commission.
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)
August 5, 2004 By: /S/ MICHAEL WEINER
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Michael Weiner, Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Exhibits.
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99.1 Press Release issued by New Frontier Media, Inc. dated
August 5, 2004
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