SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 -----------------------------
SEC FILE NUMBER
1-11140
FORM 12b-25 -----------------------------
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CUSIP NUMBER
NOTIFICATION OF LATE FILING 683737 20 9
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(Check One): | | Form 10-K | | Form 20-F | | Form 11-K |X| Form 10-Q | | Form N-SAR
For Period Ended: March 31, 2001
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ___________________________________________________________________________________________
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
Ophthalmic Imaging Systems
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Full Name of Registrant
N/A
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Former Name if Applicable
221 Lathrop Way, Suite I
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Address of Principal Executive Office (Street and Number)
Sacramento, CA 98515
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City, State and Zip Code
PART II -- RULE 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. (Check appropriate box.)
(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without
unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 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 why the Form 10-K, 11-K, 20-F 10-Q, N-SAR, or the transition report or
portion thereof, could not be filed within the prescribed time period.
SEE ATTACHMENT A
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Gil Allon 916 646-2020
____________________________________________ _______________________________ _________________________________________________
(Name) (Area Code) (Telephone Number)
(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 was required to file such report(s) been filed? If the answer
is no, identify report(s). |X| Yes | | No
(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? |X| Yes | | No
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.
SEE ATTACHMENT B
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Ophthalmic Imaging Systems
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date May 15, 2001 By /s/ Gil Allon
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Name: Gil Allon
ATTACHMENT A
PART III - NARRATIVE
The Registrant's Quarterly Report on Form 10-QSB for the quarter ended
March 31, 2001 could not be filed within the prescribed time period because the
Registrant has not finalized all of its accounting matters and because the
Registrant, which has a small accounting staff, has devoted substantial time and
efforts to recent business matters affecting the Registrant.
ATTACHMENT B
PART IV - OTHER INFORMATION
The Registrant will be reporting increased revenues in the first
quarter ended March 31, 2001 in comparison to the comparable period of 2000,
due, in large measure, to initial commercial deliveries during the 2001 quarter
of products introduced during the last quarter of 2000. The Company will report
net income of $138,000, or $.02 per share for the first quarter of fiscal 2001
compared with a net income of $2,000 or breakeven per share for the first
quarter of fiscal 2000. The fiscal 2001 amounts will include an extraordinary
gain resulting from the forgiveness of certain debt, absent of which the Company
would report breakeven operations and a net loss of $.01 per share for the first
quarter.