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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION -----------------------------
Washington, D.C. 20549 OMB Number: 3235-0058
Expires: May 31, 1997
Estimated average burden
FORM 12b-25 hours per response ..... 2.50
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-8489
(Check One): -----------------------------
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|X| Form 10-KSB |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR CUSIP NUMBER
037599206
For Period Ended: September 30, 1996 -----------------------------
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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
DCS. Inc.
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Full Name of Registrant
Not applicable
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Former Name if Applicable
3002 North State Highway 83
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Address of Principal Executive Office (Street and Number)
Franktown, Colorado 80116-0569
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City, State and Zip Code
PART II -- RULES 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 box if appropriate)
| (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
| calendar day following the prescribed due date; and
| subject quarterly report of 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.
SEC 1344 (6/94)
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
| Due to a computer systems malfunction which delayed data summarization the Company is awaiting finalization of certain
data and information which will not be complete prior to the due date for the Form 10-KSB
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Frederick G. Beisser (303) 688-6070
____________________________________________ _______________________________ _________________________________________________
(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 answer is no,
identify report(s). |X| Yes |_| No
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(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.
Following explanation of operating results for the twelve months ended September 30, 1996 is based on accompanying
estimated consolidated statement of operations for fiscal year 1996. Because estimates are used, the numbers and results
may change.
Revenue of $4,410,492 increase 102 percent over the prior fiscal year as a result of new work received. The new work is a
a positive consequence of the ongoing consolidation in the defense arena which has caused prime contractors to outsource
more subassemblies as a means of reducing costs of manufacturing.
Gross profit for fiscal year 1996 represented 19.7 percent of sales versus 18.0 percent in the prior year which contained
certain nonmanufacturing costs. Increased manufacturing costs form learning curve and rework on the Company's new products
impeded 1996 gross profits.
General and administrative costs were down slightly compared to the prior year even though acquisition costs in 1996
increased approximately $102,000 over the prior year.
Other expenses increased to $529,249 versus the prior year total of $421,826. The primary cause for the increase during
1996 was the reserve for litigation settlement expenses recorded during the Company's third fiscal quarter which
anticipated the U.S. Supreme Court's possible denial of certiorari related to the third terminated contract for lighting
sets.
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DCX, Inc.
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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 December 30, 1996 By /s/ Frederick G. Beisser
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Frederick G. Beisser, Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The
name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf
of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
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DCX, Inc.
(Estimated)
Consolidated Statements of Operations
Years Ended September 30 1996 1995
Net Sales ...................................... $ 4,410,592 $ 2,181,340
Cost of Sales .................................. 3,542,996 1,789,124
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Gross Profit on Sales .......................... 867,596 392,216
General & Admin Expenses ....................... 1,329,002 1,335,231
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Loss from Operations ........................... (461,406) (943,015)
Other Income (expense)
Interest Expense .......................... (155,757) (123,428)
Asset Writedowns .......................... -- (287,529)
Forgiveness of Debt ....................... 82,826 --
Other Income .............................. 10,182 (10,869)
Litigation Settlement and related costs ... (529,500) --
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Total Other Expenses ........................... (592,249) (421,826)
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Net Loss ....................................... $(1,053,655) $(1,364,841)
Net Loss per Share ............................. $ (.25) $ (.34)
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Weighted Average number
shares of common stock outstanding ............. 4,287,437 3,969,464