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 (Date of earliest event reported): April 1, 2005
ARC Wireless Solutions, Inc.
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(Exact name of registrant as specified in its charter)
Utah
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(State or Other Jurisdiction of Incorporation)
000-18122 87-0454148
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(Commission File Number) (IRS Employer Identification Number)
10601 West 48th Avenue
Wheat Ridge, Colorado 80033
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(Address of principal executive offices including zip code)
(303) 421-4063
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(Registrant's telephone number, including area code)
N/A
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(Former address, if changed since last report)
Item 7.01 Regulation FD Disclosure
ARC Wireless Fourth Quarter 2004 Financial Results
We have received a number of inquiries requesting more information concerning
fourth quarter operating results. In order for us to respond to these inquiries,
Regulation FD requires that we make this information publicly available at or
prior to the time that we make it available to the persons asking the questions.
For this reason, we are including the answers to the recent inquiries in this
Form 8-K filing.
For the fourth quarter of 2004, net sales were $10,700,000 as compared with net
sales of $8,600,000 for the same quarter in 2003. The 24% increase in revenues
is attributable primarily to an increase in sales from the Company's wholly
owned subsidiary Winncom Technologies. For the fourth quarter of 2004, the
Company had accruals of $120,000 for sales bonuses and $58,000 for the employer
stock matching contribution to the Company's 401(k) plan. These bonuses and
stock matching contribution are based on audited year-end financial results and
can not be determined until those numbers are available. Additionally, an
accrual of $59,000 was booked for construction expenses for a new wireless
project currently under development by Winncom Technologies in Kazakhstan.
Including these accruals, the Company had a loss of $53,000 for the quarter
ended December 31, 2004 as compared with a loss of $65,000 for the quarter ended
December 31, 2003.
On March 30, 2005, we reported our revenues and earnings for 2004.
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.
ARC WIRELESS SOLUTIONS, INC.
Date: April 1, 2005 By: /s/ Randall P. Marx
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Randall P. Marx
Chief Executive Officer