SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934
FILING NO. 1 FOR THE MONTH OF JANUARY, 2001
VISIBLE GENETICS INC.
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(Exact name of Registrant)
700 BAY STREET, SUITE 1000, TORONTO ON, CANADA M5G 1Z6
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
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VISIBLE GENETICS INC.
On January 31, 2001, we announced that we expect that 2000 fourth
quarter revenues will be in the range of $2.9 million to $3.1 million and
revenues for the full year of 2000 to be between $13.0 million and $13.2
million. As anticipated, fourth quarter 2000 revenues continue to show a
shift in sales from sequencing system to kits and consumables. For the
quarter ended December 31, 2000, we expect to report that sales of kits and
consumables increased by 25% to 30% over the third quarter of 2000. We expect
to report fourth quarter and fiscal year end results for the year ended
December 31, 2000 prior to the opening of the market on March 8, 2001.
We expect that financial results for 2001 will be largely dependent on the
outcome and timing of the ongoing US Food and Drug Administration review of our
application for our TRUEGENE(TM) HIV-1 Genotyping Kit. We recently filed
our responses to the FDA's comments regarding our application which we received
in December.
This Form 6-K contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to risks, uncertainties and
other factors which may cause our results to differ materially from
expectations. These include risks relating to the ability to obtain regulatory
approval, market acceptance of genotyping and our products, delays in, or the
refusal of, insurance companies and other third-party payors to reimburse us for
our products, delays in product development, delays in making our new Atlanta
manufacturing facility operational, and other risks detailed from time to time
in our SEC filings, including our most recent Annual Report on Form 20-F. These
forward-looking statements speak only as of the date hereof. We disclaim any
intent or obligation to update these forward-looking statements.
We hereby incorporate by reference this Form 6-K into our Registration
Statements on Form F-3, and into the prospectuses contained therein, (File Nos.
333-67607, 333-68939, 333-91155, 333-94649 and 333-40616) and our outstanding
Registration Statements on Form S-8 and into the reoffer prospectuses contained
therein.
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, thereunto duly authorized.
VISIBLE GENETICS INC.
Date: January 31, 2001 By: /s/ Thomas Clarke
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Name: Thomas Clarke
Title: Chief Financial Officer