Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - AUDIENCE INC | d695451dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2014
AUDIENCE, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-35528 | 91-2061537 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
331 Fairchild Drive
Mountain View, CA 94043
(Address of principal executive offices) (Zip code)
(650) 254-2800
(Registrant’s telephone number, including area code)
N/A
(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 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Explanatory Note
This Current Report on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K filed by Audience, Inc. (the “Company”) on February 6, 2014 (the “Prior Form 8-K”), to correct certain information furnished in the Prior Form 8-K. Except as set forth herein, this Amendment does not modify or update any other disclosure contained in the Prior Form 8-K or the exhibit thereto.
Item 2.02. Results of Operations and Financial Condition
On February 6, 2014, the Company filed its Original Report and included as exhibits thereto a press release announcing its financial results for the three months and year ended December 31, 2013 and related information and certain estimated guidance for the quarter ended March 31, 2014, which was posted on the Company’s website (www.audience.com) in connection with the announcement of such financial results. This Form 8-K/A is being filed to revise certain financial results for the three months and year ended December 31, 2013 included in those exhibits to the Original Report as described below.
Subsequent to the release of the financial results and filing of the Original Report, the Company revised the following:
In the Condensed consolidated balance sheets as of December 31, 2013 (in thousands):
| - | The amount of inventories was $13,422 instead of $13,581. |
| - | The amount of accounts receivables, net was $5,670 instead of $6,091. |
| - | The amount of accrued and other current liabilities was $10,673 instead of $10,825. |
| - | The amount of accumulated deficit was ($24,480) instead of ($24,054). |
In the Condensed consolidated statements of operations for the three months ended December 31, 2013 (in thousands):
| - | The amount of hardware revenue was $31,109 instead of $31,529, and therefore total revenue was $33,141 instead of $33,561. |
| - | The amount of gross profit was $17,335 instead of $17,856 and therefore gross margin as a percent of revenue was 52.3% instead of 53.2%. |
| - | The amount of net loss was ($2,921), or ($0.13) per diluted share instead of ($2,494), or $(0.11) per diluted share. |
In the Condensed consolidated statements of operations for the twelve months ended December 31, 2013 (in thousands):
| - | The amount of hardware revenue was $150,010 instead of $150,430, and therefore total revenue was $160,131 instead of $160,551. |
| - | The amount of gross profit was $88,864 instead of $89,385 and therefore gross margin as a percent of revenue was 55.5% instead of 55.7%. |
| - | The amount of net income was $2,070, or $0.09 per diluted share instead of $2,497, or $0.11 per diluted share. |
The consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 reflect the correct amounts.
A copy of the revised GAAP to Non-GAAP net income (loss) reconciliation, Unaudited computation of GAAP earnings per share and Reconciliation of GAAP to non-GAAP diluted earnings per share, which reflect the changes described above, are furnished herewith as Exhibit 99.1 and are incorporated herein by reference.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Revised GAAP to Non-GAAP net income (loss) reconciliation, Unaudited computation of GAAP earnings per share and Reconciliation of GAAP to non-GAAP diluted earnings per share of Audience, Inc. for the Three Months and Year Ended December 31, 2013. | |
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.
| AUDIENCE, INC. | ||||
| Date: March 14, 2014 | By: | /s/ Kevin S. Palatnik | ||
| Name: | Kevin S. Palatnik | |||
| Title: | Chief Financial Officer | |||