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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
Date of Report: July 28, 2006
Simtek Corporation
(Exact Name of Registrant as Specified in Charter)
Colorado 0-19027 84-1057605
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification #)
4250 Buckingham Dr. #100, Colorado Springs, CO 80907
(Address of Principal Executive Office)
(719) 531-9444
(Registrant's telephone number, including area code)
[ ] 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))
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Item 2.02 Results of Operations and Financial Condition.
On July 27, 2006, Simtek Corporation (the "Company") issued a press release
titled, "Simtek Reports Second Quarter and First Half 2006 Financial Results".
Total revenue was $6.9 million for the second quarter of 2006, including
royalty revenue of $0.5 million. Product sales for the second quarter was $6.4
million, an increase of 192% from $2.2 million in the second quarter of 2005,
and an increase of 36% quarter-over-quarter compared to Q1 2006 product sales of
$4.7 million. The Company reported a net loss for 2006's second quarter of $1.5
million or $0.01 per share, compared to a net loss of $2.9 million or $0.05 per
share for the second quarter of 2005. Excluding the effects of stock options and
amortization of acquisition related costs, the net loss was $0.9 million for the
second quarter of 2006. There were no such charges in the 2005 period.
Total revenue for the first six months of 2006 was $12.7 million, including
royalty revenue of $1.5 million. Product sales for the first six months of 2006
were $11.2 million, an increase of 115% from $5.2 million in the first six
months of 2005. The Company reported a net loss for the six months ended June
30, 2006 of $2.4 million or $0.02 per share, compared to a net loss of $3.9
million or $0.06 per share for the same period in 2005. Excluding the effects of
stock options and amortization of acquisition related costs, the net loss was
$1.4 million for the 2006 period. There were no such charges in the 2005 period.
The full text of the press release is attached as Exhibit 99.1 to this Form
8-K Current Report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
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99.1 Press Release, dated July 27, 2006, titled "Simtek
Reports Second Quarter and First Half 2006
Financial Results".
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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 hereunto duly authorized.
SIMTEK CORPORATION
By: /s/Brian Alleman
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Brian Alleman, Chief Financial Officer
July 28, 2006
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EXHIBIT INDEX
Exhibit Number Description
99.1 Press Release, dated July 27, 2006, titled "Simtek Reports
Second Quarter and First Half 2006 Financial Results".
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