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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 8, 2006
NEW FRONTIER MEDIA, INC.
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(Exact name of registrant as specified in its charter)
Colorado
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(State or Other Jurisdiction of Incorporation)
0-23697 84-1084061
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(Commission File Number) (IRS Employer Identification Number)
7007 Winchester Circle, Suite 200, Boulder, Colorado 80301
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(Address of Principal Executive Offices)
(303) 444-0900
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13-e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02 Results of Operations and Financial Condition.
On August 8, 2006, New Frontier Media, Inc., a Colorado corporation (the
"Registrant") issued the attached press release that included financial
information for its first quarter of fiscal 2007. 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 is being furnished to the Commission and shall not be
deemed incorporated by reference into any of the Company's registration
statements or other filings with the Commission.
The press release presents EBITDA and Adjusted EBITDA - -non-GAAP financial
measures. 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 measures to the most
directly comparable GAAP financial measure.
EBITDA and Adjusted EBITDA measure 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 and Adjusted EBITDA
do not represent cash provided or used by operating activities. EBITDA and
Adjusted EBITDA should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with GAAP.
EBITDA and Adjusted EBITDA are 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 Press release issued by New Frontier Media, Inc. dated
August 8, 2006
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)
Dated: August 8, 2006 By: /s/ Michael Weiner
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Michael Weiner, CEO
EXHIBIT INDEX
Exhibit No. Exhibits.
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99.1 Press Release issued by New Frontier Media, Inc. dated
August 8, 2006