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Hauppauge Digital Inc (HAUP) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2013

Hauppauge Digital Inc

CIK: 930803 Ticker: HAUP
Investor Contacts: Gerald Tucciarone
Chief Financial Officer
631/434-1600, extension 306                                                                           

HAUPPAUGE DIGITAL REPORTS FISCAL 2012
FOURTH QUARTER AND YEAR END RESULTS
________________________________________________________________

 
HAUPPAUGE, NY – January 2,  2013 - Hauppauge Digital Inc. (NASDAQ: HAUP), a leading developer of digital video TV and data broadcast receiver products for personal computers, today reported financial results for the fourth fiscal quarter and year ended September  30, 2012.
 
FOURTH QUARTER RESULTS
 
Net sales were $8.7 million for the fourth quarter of fiscal 2012 compared to $10.3 million reported for the previous year’s fourth fiscal quarter.
 
 
The Company incurred a net loss of $1,613,219 for the fourth quarter of fiscal 2012 compared to a net loss of $2,075,730 for the fourth quarter of fiscal 2011.   Net loss per share for the fourth quarter of fiscal 2012 was $0.16 on a basic and diluted basis, compared to a net loss per share of $0.21 on a basic and diluted basis for the fourth quarter of fiscal 2011.
 
FISCAL YEAR RESULTS
 
Net sales were $44.6 million for the fiscal year ended September 30, 2012 compared to $42.3 million reported for fiscal year ended September 30, 2011.
 
 
The Company incurred a net loss of $2,543,450 for the fiscal year ended September 30, 2012 compared to a net loss of $5,849,072 for the fiscal year ended September 30, 2011.   Net loss per share for the fiscal year ended September 30, 2012 was $0.25 on a basic and diluted basis, compared to a net loss per share of $0.58 on a basic and diluted basis for the fiscal year ended September 30, 2011.
 
DISCUSSION OF RESULTS
 
Ken Plotkin, Hauppauge’s Chief Executive Officer stated “Led by increased sales of our USB-Live and HD PVR video recorder and video streaming products, worldwide sales for fiscal 2012 increased by 8.2% before the negative effect caused by the decline in the Euro. Taking into account the 2.8% decline in the Euro, our net sales increased 5.4% in fiscal 2012 compared with fiscal 2011.
 
 

The following information was filed by Hauppauge Digital Inc (HAUP) on Thursday, January 3, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets [parenthetical]
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity (deficit)
Accounts Receivable
Accounts Receivable (details)
Accounts Receivable (tables)
Accrued Expenses
Accrued Expenses (details)
Accrued Expenses (tables)
Accrued Expenses - Fees
Accrued Expenses - Fees (details Textual)
Commitments And Contingencies
Commitments And Contingencies (details Textual)
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Fair Value Measurements
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Intangible Assets
Intangible Assets (details Textual)
Inventories
Inventories (details)
Inventories (tables)
Litigation
Property And Equipment
Property And Equipment (details Textual)
Property And Equipment (details)
Property And Equipment (tables)
Related Party Transactions
Related Party Transactions (details Textual)
Significant Customer Information
Significant Customer Information (details Textual)
Stockholders' Equity
Stockholders' Equity (details Textual)
Stockholders' Equity (details)
Stockholders' Equity (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 1)
Summary Of Significant Accounting Policies (details 2)
Summary Of Significant Accounting Policies (details 3)
Summary Of Significant Accounting Policies (details Textual)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Ticker: HAUP
CIK: 930803
Form Type: 10-K Annual Report
Accession Number: 0001144204-13-069429
Submitted to the SEC: Mon Dec 30 2013 1:40:32 PM EST
Accepted by the SEC: Mon Dec 30 2013
Period: Monday, September 30, 2013
Industry: Computer Peripheral Equipment

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