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 18, 2001
IBIS TECHNOLOGY CORPORATION
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(Exact name of registrant as specified in its charter)
MASSACHUSETTS 0-23150 04-2987600
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
32 CHERRY HILL DRIVE, DANVERS, MASSACHUSETTS 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
ITEM 5. OTHER EVENTS.
On July 18, 2001, Ibis Technology Corporation publicly disseminated a press
release announcing its financial results for the second quarter ended June 30,
2001.
Total revenues for the quarter were $1,256,000 compared to $5,920,000 reported
in the second quarter of 2000. SIMOX-SOI wafer sales decreased to $771,000 from
$1,442,000 in the same quarter last year. Equipment revenue, generated from
implanter, parts and service sales, was $340,000 for the second quarter of 2001
as compared to $4,224,000 in the second quarter of 2000, which included an
implanter sale. Contract and other revenue was $145,000 as compared to $254,000
in the second quarter of last year. Net loss for the second quarter of 2001 was
$3,049,000, or $0.36 per share, compared to $23,000 in the similar period a year
ago.
For the first half of 2001, total revenues were $4,457,000 compared to
$7,959,000 for the first half of last year. Net loss for the first six months of
2001 was $3,834,000, or $0.46 per share, compared to a net loss of $395,000, or
$0.05 per share, for the same period last year. The decrease in total revenues
is primarily due to the fact that no implanters were sold in the first half of
this year.
The information contained in the press release is incorporated herein by
reference and filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibit.
99.1 Press Release dated July 18, 2001.
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.
IBIS TECHNOLOGY CORPORATION
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(Registrant)
Date: July 18, 2001 /s/ DEBRA L. NELSON
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Debra L. Nelson, Chief Financial Officer
EXHIBIT INDEX
EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NUMBER
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99.1 Press Release dated July 18, 2001 5