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Financial
Highlights
Corporate
Information
10-K Form (PDF) |
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Financial
Highlights
Fiscal
Years Ending July 31
(dollars in thousands, except percent change)
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2003
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Percent
Change |
2002
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Percent
Change |
2001
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Percent
Change |
2000
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Percent
Change |
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Net
Sales |
33,047
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1%
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32,613
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-10%
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36,291
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-12%
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41,329
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-8%
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Operating
Income† |
1,428 |
-27% |
1,943 |
109% |
931 |
-63% |
2,499 |
3% |
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EBITDA† |
2,224
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-27%
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3,038
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23%
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2,461
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-44%
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4,359
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-6%
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Net
Earnings† |
1,683 |
24% |
1,673 |
230% |
-1,264 |
-466% |
351 |
6% |
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Earnings
Per Share† |
0.4
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-10%
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0.47
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230%
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-0.36
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-460%
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0.1
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11%
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Operating
Cash Flow |
-612 |
-167% |
910 |
-12% |
1,032 |
-66% |
2,995 |
219% |
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Working
Capital |
1,624
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44%
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1,125
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122%
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-5,177
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-163%
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8,224
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10%
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Total
Debt |
13,506 |
0.10% |
13,487 |
7% |
14,514 |
-1% |
14,614 |
-15% |
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Stockholders’
Equity |
8,422 |
45% |
6,193 |
43% |
4,321 |
-63% |
11,692 |
3% |
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2001 operating income, EBITDA, net earnings and earnings per
share are restated to exclude the restructuring charge of $486
($307 after tax) in 2003 and $5,844 ($5,844 after tax) restructuring
and goodwill impairment charges taken in the third and fourth
quarters of fiscal 2001. |
Net
Sales
(dollars
in thousands)
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EBITDA
†
(dollars in thousands)
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Earnings
per share † |
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Corporate
Information
Officers
and Directors
Rick A. Beets
Director
President, CEO and CFO
Ralph
E. Crump
Chairman of the Board and Treasurer
President of Crump Industrial Group
S. Scott
Crump
Director
Chairman, President and CEO of Stratasys, Inc.
Heinz
Zweipfennig
Director
President (retired) of Zweipfennig
Management Consultants
D. Dean
Spatz
Director
Private Investor
Edward
A. Alkire
Director and Secretary
C.P.A., Holman & Associates, Inc.
Auditor
McGladrey & Pullen
Irvine, California
Stock
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place, 8th Floor
New York, New York 10004
Tel: 212.509.4000
Fax: 212.509.5150
Counsel
Riddell Williams P.S.
Seattle, Washington
Investor
Relations
Jerry Falkner, CFA
R.J. Falkner & Co.
Tel: 800.377.9893
Fax: 970.349.0852
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Form 10-K
SI Technologies, Inc. filed an annual report on Form 10-K with
the Securities and Exchange Commission for the fiscal year ended
July 31, 2003. A copy of SI Technologies Form 10-K is included
with this annual report and should be read in conjunction with
this annual report. Exhibits to the Form 10-K are available
by written request to the Company and upon payment of costs
of copying and mailing such exhibits by the requesting stockholder.
Additional copies of the Form 10-K may be obtained by written
request from Investor Relations at the corporate office.
Proxy
Proxy material was included in the envelope with the annual
report. This is a reminder to mark and mail in your proxy
card.
Annual
Meeting
The Annual Shareholders’ Meeting will be held on Thursday,
December 11, 2003 at 2:00 pm at the Corporate Headquarters,
14192 Franklin Avenue, Tustin, California.
Stock
Price and Investor Information
The Company's common stock trades on the NASDAQ
Small-Cap Market under the symbol SISI.
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2003
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2002
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Quarter |
High |
Low |
High |
Low |
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First |
1.55 |
0.5 |
1.88 |
0.9 |
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Second |
2.28 |
1.05 |
3.4 |
1 |
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Third |
2.07 |
1.45 |
1.88 |
1.15 |
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Fourth |
3.79 |
1.62 |
1.67 |
1.04 |
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Stockholders
Stockholders of record as of October 31, 2003 numbered 199.
The Company estimates that an additional 400 stockholders
own stock held for their account at brokerage firms and financial
institutions.
Dividend
Policy
The Company has not paid cash dividends on its common stock
and does not anticipate paying regular cash dividends in the
foreseeable future.
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