Carrier Access Corp - Current report filing (8-K)
January 07 2008 - 5:27PM
Edgar (US Regulatory)
UNITED STATES
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
January 7, 2008
Date
of Report (date of earliest event reported)
CARRIER ACCESS CORPORATION
(Exact name of Registrant as specified in its charter)
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State of Delaware
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000-24597
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84-1208770
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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5395 Pearl Parkway
Boulder, Colorado 80301
(Address of principal executive offices)
(303) 218-5455
(Registrants telephone number, including area code)
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02.
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Results of Operations and Financial Condition
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Carrier Access
Corporation (the Company) reports that its unaudited cash, cash equivalents and short term investments at December 31, 2007 were approximately $74.5 million. The Companys unaudited revenue for the three and twelve month
periods ended December 31, 2007 was $8.3 million and $32.0 million, respectively. These amounts do not include approximately $170,000 and $243,000 of revenue for the three and twelve month periods ended December 31, 2007, respectively,
which were reclassified to discontinued operations as a result of the discontinuance of the EdgeFlex product line in December 2007. Carrier Access does not anticipate that it will hold a conference call to review fourth quarter and fiscal 2007
results of operations.
Forward-Looking Statement Caution
This report contains forward-looking statements about our unaudited fourth quarter of fiscal 2007 operating results, which reflect managements best judgment based on factors currently known. These statements involve risks and
uncertainties, including potential discrepancies between managements initial estimates and the final operating results for the fourth quarter of fiscal 2007, subsequent adjustments to results for fourth quarter of fiscal 2007 made in
connection with closing the quarter, continuing uncertainty regarding general economic conditions, changes in capital spending by carriers and telecommunications companies, growth rates within our industry, the successful development and market
acceptance of new products, the degree of competition in the market for such products, the product and channel mix, component costs, manufacturing efficiencies, and other risks detailed in our annual report on Form 10-K for the year ended
December 31, 2006, our quarterly report on Form 10-Q for the period ended September 30, 2007 and other documents periodically filed with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to
differ materially from those in the forward-looking statements included in this press release. We do not undertake any obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or
otherwise.
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.
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CARRIER ACCESS CORPORATION
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Date: January 7, 2008
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By:
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/s/ GARY GATCHELL
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Gary Gatchell
Chief Financial Officer
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