8-K 1 q3fy058k.txt 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): January 31, 2005 HPL TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Charter) Delaware 000-32967 77-0550714 -------------------------------------------------------------------------------- (State of Incorporation (Commission File Number) (I.R.S. Employer or Organization) Identification No.) 2033 Gateway Place, Suite 400, San Jose, California 95110 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (408) 437-1466 ---------------------------- NOT APPLICABLE -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 7. Financial Statements, Pro Forma Financial Information and Exhibits Exhibit Description 99.1 Press release, dated January 31, 2005. Item 12. Results of Operation and Financial Condition On January 31, 2005, HPL Technologies, Inc. (the "Company") announced its results for the third quarter ended December 31, 2004. A copy of the Company's press release, dated January 31, 2005, is attached hereto as Exhibit 99.1. * * * SIGNATURE 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 thereunto duly authorized. HPL TECHNOLOGIES, INC. Date: January 31, 2005 By: /s/ Michael P. Scarpelli ------------------------------------------- Michael P. Scarpelli Chief Financial Officer and Senior Vice President Exhibit Index Exhibit Description -------------------------------------------------------------------------------- 99.1 Press release, dated January 31, 2005 Exhibit 99.1 HPL TECHNOLOGIES, INC. REPORTS FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL 2005 SAN JOSE, CA, January 31, 2005- HPL Technologies, Inc. (OTC:HPLA.PK), a provider of yield-optimization software solutions for the semiconductor and flat-panel display industries, today announced financial results for the third quarter ended December 31, 2004. Summary of Financial Results for the Third Fiscal Quarter HPL reported revenues of $2.9 million and a net loss of $1.8 million, or $0.06 per share basic and diluted for the three months ended December 31, 2004, compared to revenues of $3.5 million and a net loss of $2.2 million, or $0.07 per share basic and diluted for the same quarter a year ago. HPL reported revenues of $7.8 million and a net loss of $7.7 million, or $0.25 per share basic and diluted for the nine months ended December 31, 2004, compared to revenues of $8.9 million and a net loss of $11.0 million, or $0.35 per share basic and diluted for the same period a year ago. At December 31, 2004 the Company had approximately $5.1 million in cash, cash equivalents, and short-term investments. As previously reported, the federal district court is scheduled to consider the final approval of the Company's federal class action litigation settlement on February 24, 2005. About HPL Technologies HPL Technologies, Inc. is a provider of yield optimization solutions for the semiconductor and flat panel display industries. HPL offers a comprehensive portfolio of products and services including: silicon-proven intellectual property (IP), highly flexible data analysis platforms, factory floor systems and professional services. HPL solutions have enabled companies to significantly improve yield by accelerating the process by which they identify, characterize and eliminate sources of failure throughout the entire product lifecycle. This is why a majority of the world's top twenty-five semiconductor and flat-panel manufacturers use HPL yield optimization solutions. Except for statements of historical fact, the statements in this press release are forward-looking statements. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors and other risks inherent in our business are described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on July 14, 2004 and in subsequent Quarterly Reports on Form 10-Q. Actual results may vary materially. The Company undertakes no obligation to update the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. HPL Technologies, Inc. Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (unaudited)

HPL Technologies, Inc. Consolidated Balance Sheet (In thousands, except per share amounts) (unaudited)

HPL TECHNOLOGIES INC 8-K