q0607.htm
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________

FORM 10-Q

/x/           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF1934

For the quarterly period ended June 30, 2007
or
/ /           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-28052
____________________

EN POINTE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Delaware
75-2467002
(State or other jurisdiction of
 (I.R.S. Employer Identification No.)
incorporation or organization)
  

2381 Rosecrans Avenue, Suite 325
  
El Segundo, California
90245
(Address of principal executive offices)
(Zip Code)

                                           (310) 725-5200
(Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:  YES [X]  NO [    ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.

Large accelerated filer _____  Accelerated filer  _______   Non-accelerated filer     X   
 
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [ ] No [ X ]

As of August 14, 2007, 7,159,193 shares of common stock of the Registrant were issued and outstanding.
 
 
 
 

 




INDEX

En Pointe Technologies, Inc.

 
PART I
 
Item 1.
 
 
 
 
Item 2.
 
Item 3.
 
Item 4.
 
PART II
 
Item 1.
 
Item 6.
 
 
 
FINANCIAL INFORMATION
 
Financial Statements
 
 
 
 
OTHER INFORMATION
 
 
 
Items 1A, 2, 3, and 5 of Part II have been omitted because they are not applicable with respect to the current reporting period.
 




 
En Pointe Technologies, Inc.
            
Condensed Consolidated Balance Sheets
            
Unaudited
            
(In Thousands Except Share and Per Share Amounts)
            
             
   
June 30,
    
September 30,
  
   
2007
    
2006
  
ASSETS:
            
Current assets:
            
Cash
   $
15,219
     $
10,240
  
Restricted cash
    
75
      
74
  
Short term cash investment
    
1,323
      
--
  
Accounts receivable, net
    
62,055
      
46,417
  
Inventories, net
    
11,576
      
4,201
  
Prepaid expenses and other current assets
    
1,123
      
1,067
  
    Total current assets
    
91,371
      
61,999
  
                 
Property and equipment, net of accumulated
                
depreciation and amortization
    
5,169
      
2,765
  
                 
Other assets
    
2,310
      
1,474
  
     Total assets
   $
98,850
     $
66,238
  
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY:
                
Current liabilities:
                
Accounts payable, trade
   $
31,762
     $
19,105
  
Borrowings under line of credit
    
30,176
      
15,673
  
Accrued liabilities
    
5,487
      
5,796
  
Accrued taxes and other liabilities
    
8,687
      
4,928
  
     Total current liabilities
    
76,110
      
45,502
  
Long term liabilities
    
596
      
238
  
     Total liabilities
    
76,708
      
45,740
  
                 
Minority interest
    
1,931
      
1,487
  
                 
Stockholders' equity:
                
Preferred stock, $.001 par value:
                
   Shares authorized--5,000,000
                
   No shares issued or outstanding
    
--
      
--
  
Common stock, $.001 par value:
                
   Shares authorized--15,000,000; with 7,159,193 and 6,976,366
                
   shares issued
    
7
      
7
  
Additional paid-in capital
    
42,070
      
41,767
  
Treasury stock
     (1 )     (1 )
Accumulated deficit
     (21,865 )     (22,762 )
Total stockholders' equity
    
20,211
      
19,011
  
     Total liabilities and stockholders' equity
   $
98,850
     $
66,238
  
                 
 
 
See Notes to Condensed Consolidated Financial Statements.
                

 
En Pointe Technologies, Inc.
                        
Condensed Consolidated Statements of Operations
                        
and Comprehensive Income
                        
(Unaudited)
                        
(In Thousands, Except Per Share Amounts)
                        
                         
 
Three months ended
    
Nine months ended
  
 
June 30,  
    
June 30,  
  
   
2007
    
2006
    
2007
    
2006
  
Net sales:
                        
   Product
   $
87,863
     $
84,835
     $
214,050
     $
211,525
  
   Service
    
12,104
      
10,789
      
36,035
      
33,800
  
     Total net sales
    
99,967
      
95,624
      
250,085
      
245,325