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Ikos Systems Inc – ‘10-Q’ for 7/1/95

As of: Monday, 8/14/95 · For: 7/1/95 · Accession #: 898430-95-1593 · File #: 0-18623

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/14/95  Ikos Systems Inc                  10-Q        7/01/95    3:28K                                    Donnelley R R & S… 05/FA

Quarterly Report — Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      13     56K 
 2: EX-11.1     Statements of Computation of Earnings Per Share        1      4K 
 3: EX-27       Article 5 Financial Data Schedule                      2      5K

10-Q — Quarterly Report
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Exhibits and Reports on Form 8-K Financial Statements Management's Discussion and Analysis of Financial Condition and Results of Operations Not applicable Signatures
1	1st Page - Filing Submission
2	Item 1:. Financial Statements
8	Management's Discussion and Analysis of Financial Condition and Results of Operations
10	Items 1-5. Not applicable
"	Item 6. Exhibits and Reports on Form 8-K
13	Signatures

10-Q 1st Page of 13 TOC ↑Top Previous Next ↓Bottom Just 1st
 
================================================================================

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

--------------  

FORM 10-Q 

(Mark One)                                                                      
[X]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarter ended July 1, 1995 or                     

[_]  Transition Report Pursuant to Section 13 or 15(d) of the Securities        
    Exchange Act of 1934 for the transition period from ________ to __________

COMMISSION FILE NUMBER 0-18623                                                  

--------------  

IKOS SYSTEMS, INC.
(Exact name of registrant as specified in its charter)

DELAWARE                                    77-0100318  
(State or other jurisdiction of                     (I.R.S. Employer          
incorporation or organization)                    Identification No.)       

19050 PRUNERIDGE AVE., CUPERTINO, CA                         95014              
(Address of principal executive offices)                  (zip code)            

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 
(408) 255-4567  

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 the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.                                

COMMON STOCK $.01 PAR VALUE                         5,662,000         
---------------------------------------                                         
     (Title of Class)                     (Outstanding as of July 1, 1995)

=============================================================================== 

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IKOS SYSTEMS, INC.
FORM 10-Q 
QUARTER ENDED JULY 1, 1995

INDEX 
----- 

Part I:  Financial Information                                                  

Item 1:  Financial Statements                                 

                                                                [Download Table]

                                                                    PAGE
                                                                        
                  Consolidated Balance Sheets at                        
                  July 1, 1995 and October 1, 1994................   3  

                  Consolidated Statements of Operations                 
                  for the three and nine months ended                   
                  July 1, 1995 and July 2, 1994...................   4  

                  Consolidated Statement of Cash Flows                  
                  for the nine months ended                             
                  July 1, 1995 and July 2, 1994...................   5  

                  Notes to Consolidated Financial Statements......   6  

         Item 2:  Management's Discussion and Analysis                  
                  of Financial Condition and Results of Operations   8  

Part II:  Other Information                                             

         Item 4:  Submission of Matters to Date                     10  

         Item 6:  Exhibits and Reports on Form 8-K................  11  

         Signatures...............................................  14  

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IKOS SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS 
(in thousands)

                                                        [Enlarge/Download Table]

                                                                            July 1,    October 1, 
                                                                             1995         1994    
                                                                          -----------  -----------
                                                                          (Unaudited)      (1)    
                                                                                                  
                         ASSETS                                                                   
Current assets:                                                                                   
 Cash and cash equivalents...............................................   $  4,787     $  3,422 
 Short-term investments..................................................        579          560 
 Accounts receivable (net of allowance for                                                        
  doubtful accounts of $122).............................................      6,258        4,884 
 Inventories.............................................................      1,168        1,050 
 Prepaid expenses and other current assets...............................        206          222 
                                                                            --------     -------- 
   Total current assets..................................................     12,998       10,138 
Equipment and leasehold improvements:                                                             
 Office and evaluation equipment.........................................      2,724        2,576 
 Machinery and equipment.................................................      4,924        4,664 
 Leasehold improvements..................................................        267          267 
                                                                            --------     -------- 
                                                                               7,915        7,507 
   Less allowances for depreciation and amortization.....................     (6,344)      (5,859)
                                                                            --------     -------- 
                                                                               1,571        1,648 

Other assets.............................................................        112          343 
                                                                            --------     -------- 
                                                                            $ 14,681     $ 12,129 
                                                                            ========     ======== 

           LIABILITIES AND STOCKHOLDERS' EQUITY                                                   
Current liabilities:                                                                              
 Accounts payable........................................................   $  1,589     $  1,909 
 Accrued payroll and related expenses....................................        779          786 
 Accrued commissions.....................................................        533          650 
 Deferred maintenance revenues...........................................      2,674        1,979 
 Other accrued liabilities...............................................        438          373 
 Current portion of long-term debt.......................................        825          591 
                                                                            --------     -------- 

   Total current liabilities.............................................      6,838        6,288 
Long-term debt, less current portion.....................................      1,534        2,151 
Accrued rent.............................................................        242          214 

Stockholders' equity:                                                                             
 Preferred stock, $.01 par value; 10,000 shares authorized,                                       
  none issued or outstanding.............................................         --           -- 
 Common stock, $.01 par value; 25,000 shares authorized,                                          
  5,662 and 5,504 issued and outstanding, respectively...................         57           55 
Additional paid-in capital...............................................     26,498       25,960 
 Accumulated deficit.....................................................    (20,488)     (22,539)

   Total stockholders' equity............................................      6,067        3,476 
                                                                            --------     -------- 
                                                                            $ 14,681     $ 12,129 
                                                                            ========     ======== 

(1)  These amounts have been derived from audited financial statements          

See notes to consolidated financial statements  

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IKOS SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS 
(in thousands, except per share amounts)
(Unaudited) 

                                                        [Enlarge/Download Table]

                                                      Three Months Ended    Nine Months Ended  
                                                     --------------------  --------------------
                                                      July 1,    July 2,   July 1,     July 2, 
                                                       1995        1994      1995       1994   
                                                     ---------   --------  --------   ---------
                                                                                               
Net revenues                                                                                   
  Product...........................................   $6,149     $4,532   $16,683     $12,858 
  Maintenance.......................................    1,246        928     3,500       2,707 
                                                       ------     ------   -------     ------- 
       Total net revenues...........................    7,395      5,460    20,183      15,565 
                                                       ------     ------   -------     ------- 

Cost of revenues                                                                               
  Product...........................................    1,552      1,345     4,313       3,781 
  Maintenance.......................................      274        273       820         678 
                                                       ------     ------   -------     ------- 
       Total cost of revenues.......................    1,826      1,618     5,133       4,459 
                                                       ------     ------   -------     ------- 
  Gross profit......................................    5,569      3,842    15,050      11,106 

Operating expenses:                                                                            
  Research and development..........................    1,012      1,002     2,966       2,954 
  Sales and marketing...............................    3,085      2,223     8,353       6,575 
  General and administrative........................      542        386     1,576       1,166 
                                                       ------     ------   -------     ------- 
       Total operating expenses.....................    4,639      3,611    12,895      10,695 
                                                       ------     ------   -------     ------- 

Income from operations..............................      930        231     2,155         411 
                                                       ------     ------   -------     ------- 

Other income (expense):                                                                        
  Interest income...................................       42         21        91          49 
  Interest expense..................................      (23)       (33)      (86)        (44)
  Other income......................................       29         29        87          87 
                                                       ------     ------   -------     ------- 
       Total other income...........................       48         17        92          92 
                                                       ------     ------   -------     ------- 

Income before income taxes and                                                                 
  extraordinary credit..............................      978        248     2,247         503 

Provision for income taxes..........................       90         --       196          -- 
                                                       ------     ------   -------     ------- 

       Net income before extraordinary credit.......      888        248     2,051         503 
       Extraordinary credit - forgiveness of debt...       --        664        --         664 
                                                       ======     ======   =======     ======= 

Net income..........................................   $  888     $  912   $ 2,051     $ 1,167 
                                                       ======     ======   =======     ======= 

Earnings per share                                                                             
       Net income before extraordinary credit.......    $0.14       0.04      0.34        0.09 
       Extraordinary credit.........................       --       0.12        --        0.12 
                                                       ------     ------   -------     ------- 
       Net income...................................    $0.14      $0.16     $0.34       $0.21 
                                                       ======     ======   =======     ======= 

Common and common equivalent shares                                                            
  used in computing per share amounts...............    6,281      5,615     6,025       5,659 
                                                       ======     ======   =======     ======= 

See notes to consolidated financial statements

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IKOS SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS 
Increase (decrease) in cash and cash equivalents in thousands 
(Unaudited) 

                                                                [Download Table]

                                                               Nine Months Ended 
                                                              -------------------
                                                              July 1,    July 2, 
                                                                1995       1994  
                                                              --------   --------
                                                                                 
Operating activities:                                                            
  Net income................................................. $ 2,051    $ 1,167 
  Adjustment to reconcile net income to net                                      
    cash provided by (used in) operating activities:                             
    Depreciation and amortization............................   1,014      1,599 
    Gain (loss) on retirement of equipment...................       2         (4)
    Deferred rent............................................      28         20 
    License delivery and technology transfer in                                  
      exchange for debt obligation...........................      --       (324)
    Decrease of long term debt - forgiveness of note.........      --       (750)
  Changes in operating assets and liabilities:                                   
    Accounts receivable......................................  (1,374)    (1,626)
    Inventories..............................................     (74)       225 
    Prepaid expenses and other current assets................      16        (60)
    Other assets.............................................     (26)        15 
    Accounts payable.........................................    (320)      (658)
    Accrued payroll and other expenses.......................      (7)       (94)
    Accrued commissions......................................    (117)       (82)
    Deferred maintenance revenues............................     695        363 
    Other accrued liabilities................................      65       (112)
                                                              -------    ------- 
       Net cash provided by (used in) operating activities...   1,953       (321)
Investing activities:                                                            
  Purchases of equipment and leasehold improvements..........    (726)      (590)
  Purchase of short-term investments.........................     (19)       (13)
                                                              -------    ------- 

       Net cash used in investing activities.................    (745)      (603)
Financing activities:                                                            
  Principal payments on long-term borrowings.................    (383)      (590)
  Borrowing under promissory note............................      --        750 
  Sale of common stock.......................................     540         51 
                                                              -------    ------- 

       Net cash provided by financing activities.............     157        211 
                                                              -------    ------- 

Increase (decrease) in cash and cash equivalents.............   1,365       (713)
Cash and cash equivalents at beginning of period.............   3,422      2,867 
                                                              -------    ------- 

Cash and cash equivalents at end of period................... $ 4,787    $ 2,154 
                                                              =======    ======= 

See notes to consolidated financial Statements

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IKOS SYSTEMS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1.  Basis of Presentation                                                       

    The accompanying consolidated financial statements at July 1, 1995 and for
  the three and nine months ended July 1, 1995 and July 2, 1994, have been
prepared in conformity with generally accepted accounting principles, 
   consistent with those applied in, and should be read in conjunction with,
     the audited consolidated financial statements for the year ended October 1,
  1994 included in the Form 10-K as filed with the Securities and Exchange
Commission on December 28, 1994. The unaudited interim financial      
 information reflects all normal recurring adjustments which are, in the
  opinion of management, necessary for a fair statement of results for the
     interim periods presented. The results for the three and nine month periods
   ended July 1, 1995 are not necessarily indicative of results expected for
the full year.                                                        

   On October 20, 1994 the Board of Directors approved a one-for-two reverse
   stock split of the outstanding shares of Common Stock of the Company. The
   reverse stock split was effected on April 24, 1995 and has been presented
retroactively within these financial statements.                      

2.   Short-Term Investments                                                     

   In May 1993, the Financial Accounting Standards Board issued Statement of
   Financial Accounting Standards No. 115 (FAS 115), "Accounting for Certain
Investments in Debt and Equity Securities," effective for fiscal years
   beginning after December 15, 1993.  Under the rules, debt securities that
  the Company has both positive intent and ability to hold to maturity are
    carried at amortized cost.  Debt securities that the Company does not have
the positive intent and ability to hold to maturity and all marketable
equity securities are classified as available-for-sale or trading and 
   carried at fair value.  Unrealized holding gains and losses on securities
classified as available-for-sale are reported as part of equity while 
     unrealized holding gains and losses on securities classified as trading are
reported in earnings.                                                 

    The Company adopted FAS 115 on October 2, 1994 and all debt securities are
  classified as held-to-maturity.  The adoption of FAS 115 had no material
    impact on the Company's financial position or its operating results during
     fiscal 1995.  The fair values for marketable debt and equity securities are
based on quoted market prices.                                        

The following is a summary of held-to-maturity securities:            

                                                                [Download Table]


                                    Held-to-Maturity Securities        
                                    ---------------------------        
                                           (In thousands)              

                                    Gross        Gross        Estimated
                                    Unrealized   Unrealized   Fair     
July 1, 1995                 Cost   Gains        Losses       Value    
------------                 ----   ----------   ----------   ---------
                                                                       
US Treasury Securities       $100                                  $100
US Corporate Securities       479                                   479
                             ----                                  ----
                             $579                                  $579

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3.   Revenue Recognition                                                        

Product revenues, which include licensing and software revenues, are  
 generally recognized on shipment provided that no significant vendor or
    post-contract support obligations remain outstanding and collection of the
  resulting receivable is deemed probable.  Insignificant vendor and post-
   support obligations are accrued upon shipment.  Revenue under maintenance
contracts is recognized ratably over the term of the related contract,
generally twelve months.                                              

4.   Inventories                                                                

     Inventories are stated at the lower of cost (first-in, first-out) or market
and consisted of (in thousands):                                      

                                                                [Download Table]

                        July 1,   October 1,
                         1995        1994   
                        -------   ----------
                                            
Purchase parts           $  211       $  259
Work-in-process             467          502
Finished goods              490          289
                         ------       ------
 Total inventories       $1,168       $1,050
                         ======       ======

5.   Net Income Per Share                                                       

Net income per share is based on the weighted average number of common
shares outstanding during the period.  Common equivalent shares from  
options have been included in the computation when dilutitive.        

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MANAGEMENT'S DISCUSSION AND ANALYSIS OF 
FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

NET REVENUES                                                                    

Third quarter net revenues totaled $7.4 million, an increase of 35% over the    
same quarter in fiscal 1994. For the nine month period net revenues totaled     
$20.2 million, an increase of 30% over the same period in fiscal 1994. The      
primary reason for the increase was growth in sales of the Voyager product line 
including sales of the new Gemini product line. The Voyager and Gemini products 
contributed the vast majority of product net revenues in the three and nine     
month periods ending July 1, 1995. Product net revenues exclude maintenance,    
consulting, training, rentals and other non-product related sales.              

International sales remained strong, accounting for 38% of total revenue for the
third fiscal quarter of 1995, compared to 23% for the same period in fiscal     
1994.  International sales are expected to continue to increase slightly as a   
percentage of total net revenues by year end.                                   

GROSS PROFIT MARGINS                                                            

Gross profit margins improved to 75% of net revenues for the third quarter of   
fiscal 1995 and for the first nine months of fiscal 1995, compared to 70% and   
71% respectively for the same periods in fiscal 1994.  The increase was         
primarily the result of a change in the product mix to more sales of the Voyager
product line and to a lessor extent the amortization of fixed manufacturing     
costs over a broader revenue base.                                              

RESEARCH AND DEVELOPMENT EXPENSES                                               

Research and development expenses in the third quarter of fiscal 1995 totaled   
$1,012,000 and the expenses for the first nine months of fiscal 1995 were       
$2,966,000.  Both were essentially unchanged from the same periods in fiscal    
1994.                                                                           

Research and development expenses are expected to increase in the fourth fiscal 
quarter of 1995 primarily due to an expected increase in headcount and the      
associated recruiting expenses, as the Company continues to  improve and expand 
on the Voyager product line.                                                    

SALES AND MARKETING EXPENSES                                                    

Sales and marketing expenses increased by $862,000 to $3,085,000 for the third  
fiscal quarter of 1995 and increased by $1,778,000 to $8,353,000 for the first  
nine months of fiscal 1995, when compared to the same periods in fiscal 1994.   
These increases were primarily the result of increased expenses for the         
international operations. Sales and marketing expenses are expected to continue 
to increase in absolute dollars in the fourth fiscal quarter reflecting         
increased headcount, commission expense and marketing expense.                  

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GENERAL AND ADMINISTRATIVE EXPENSES                                             

General and administrative expenses were $542,000 in the third quarter of fiscal
1995 and $1,576,000 for the first nine months of fiscal 1995.  This compares to 
$386,000 and $1,166,000 for the same periods in fiscal 1994.  These increases   
were due to several factors including additional headcount, increased investor  
relations expense, profit sharing, and fees associated with being re-instated on
the National Market System.  General and administrative expenses are expected to
increase in both absolute dollars and as a percent of net revenues in the fourth
fiscal quarter of fiscal 1995 primarily as a result of increased headcount,     
salaries and related expenses.                                                  

INCOME TAXES                                                                    

The provision for income taxes consists primarily of federal alternative minimum
tax, state taxes and Japanese withholding taxes.  The tax rate is substantially 
below the federal statutory rate due to the utilization of net operating loss   
carryovers.                                                                     

LIQUIDITY AND CAPITAL RESOURCES                                                 

As of July 1, 1995, the Company had $5,366,000 in cash, cash equivalents and    
short term investments which compares to $3,982,000 as of October 1, 1994.      

Net cash provided by operating activities was $1,953,000 for the nine months    
ended July 1, 1995 and was primarily due to net income, depreciation and        
amortization and increased deferred maintenance revenues partially offset by    
increases in accounts receivable due to increased net revenues and a decrease in
accounts payable and accrued commissions.  Net cash used in investing activities
was due primarily to purchases of $726,000 of equipment in the nine months ended
July 1, 1995.  The Company expects capital expenditures to increase in the      
fourth quarter as the expected headcount additions will require additional      
workstations.                                                                   

Net cash provided by financing activities for the nine months ended July 1, 1995
was $157,000 which was due to the exercise of stock options partially offset by 
principal payments on long term debt.                                           

The Company's primary unused sources of funds at July 1, 1995, consisted of     
$5,366,000 of cash, cash equivalents and short term investments.  The Company   
believes that its present cash position and cash generated from operations will 
be sufficient to meet its capital needs for at least the next twelve months.    

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PART II.  OTHER INFORMATION                                                     

ITEMS 1-5.  Not applicable.                                                     

ITEM 6.     Exhibits and Reports on Form 8-K.                                   

INDEX TO EXHIBITS                                                               

                                                        [Enlarge/Download Table]

Exh. No.                Documentation Description                                 Page
-------                 -------------------------                                 ----
                                                                                      
 4.1   Amended and Restated Registration Rights Agreement between the Company         
       and certain investors dated April 3, 1990.  (Incorporated by reference to      
       Exhibit 4.2 of the Company's registration statement on Form S-1 effective      
       July 25, 1990).                                                                

 4.2   Rights agreement dated as of January 27, 1992.  (Incorporated by               
       reference to Exhibit (C)1, in the Company's current report on Form 8-K         
       filed February 10, 1992.)                                                      

10.1   Lease Agreement for the Company's principal facility dated March 20,           
       1992, between Ames Avenue Associates and the Company, as amended.              
       (Incorporated by reference to Exhibit 10.1 of the Company's annual report      
       on 10-K for the year ending September 26, 1992.)                               

10.2   Form of Director and Officer Indemnity Agreement.  (Incorporated by            
       reference to Exhibit 10.6 of the Company's registration statement on Form      
       S-1 effective July 25, 1990.)                                                  

10.3   Amended and Restated Non-Qualified Stock Option Agreement dated August         
       17, 1989, between the Company and Mr. Casilli.  (Incorporated by               
       reference to Exhibit 10.7 of the Company's registration statement on Form      
       S-1 effective July 25, 1990.)                                                  

10.4   Amended and Restated Non-Qualified Stock Option Agreement dated August         
       17, 1989, between the Company and Mr. Casilli.  (Incorporated by               
       reference to Exhibit 10.8 of the Company's registration statement on Form      
       S-1 effective July 25, 1990.)                                                  

10.5   Amended and Restated Non-Qualified Stock Option Agreement dated August         
       17, 1989, between the Company and Mr. Fazakerly.  (Incorporated by             
       reference to Exhibit 10.9 of the Company's registration statement on Form      
       S-1 effective July 25, 1990.)                                                  

10.6   Amended and Restated Non-Qualified Stock Option Agreement dated August         
       17, 1989, between the Company and Mr. Fazakerly.  (Incorporated by             
       reference to Exhibit 10.10 of the Company's registration statement on          
       Form S-1 effective July 25, 1990.                                              

10.7   1988 Stock Option Plan.  (Incorporated by reference to Exhibit 10.14 of        
       the Company's registration statement on Form S-1 effective July 25,            
       1990.)                                                                         

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                                                        [Enlarge/Download Table]

Exh. No.                Documentation Description                                 Page
-------                 -------------------------                                 ----
                                                                                      
10.8   Non-Qualified Stock Option Agreement dated August 17, 1989, between the        
       Company and Mr. Casilli.  (Incorporated by reference to Exhibit 10.19 of       
       the Company's registration statement on Form S-1 effective July 25,            
       1990.)                                                                         

10.9   Patent Cross License Agreement dated May 17, 1989 with Zycad Corporation.      
       (Incorporated by reference from Zycad Corporation's Annual Report on Form      
       10-K filed April 2, 1990.)  (Incorporated by reference to Exhibit 10.20        
       of the Company's registration statement on Form S-1 effective July 25,         
       1990.)                                                                         

10.10  International Distributorship Agreement dated April 11, 1988, with C.          
       Itoh & Co., Ltd. (with certain confidential portions excised).                 
       (Incorporated by reference to Exhibit 10.24 of the Company's registration      
       statement on Form S-1 effective July 25, 1990.)                                

10.11  OEM Software License Agreement between CAD Language Systems, Inc. and          
       IKOS Systems, Inc. dated June 22, 1989 and amendment dated September           
       1991.  (Incorporated by reference to Exhibit 10.18 of the Company's            
       Annual Report for the year ended September 28, 1991.)                          

10.12  Technology Transfer and Joint Development Agreement with Racal-Redac,          
       Inc. dated July 1, 1993 (with certain portions excised).  (Incorporated        
       by reference to Exhibit 10.19 of the Company's quarterly report on Form        
       10-Q for the quarter ended July 3, 1993.)                                      

10.13  Software License Agreement with Compass Design Automation dated December       
       31, 1993.  (Incorporated by reference to Exhibit 10.17 of the Company's        
       quarterly report on Form 10-Q for the quarter ended January 1, 1994.)          

10.14  Agreement dated June 2, 1994, between the Company and Gerald S. Casilli.       
       (Incorporated by reference to Exhibit 10.17 of the Company's quarterly         
       report on Form 10-Q for the quarter ended July 2, 1994.)                       

10.15  Agreement dated June 2, 1994, between the Company and William B.               
       Fazakerly.  (Incorporated by reference to Exhibit 10.18 of the Company's       
       quarterly report on Form 10-Q for the quarter ended July 2, 1994.)             

10.16  Agreement dated June 2, 1994, between the Company and Daniel R. Hafeman.       
       (Incorporated by reference to Exhibit 10.19 of the Company's quarterly         
       report on Form 10-Q for the quarter ended July 2, 1994.)                       

10.17  Agreement dated June 2, 1994, between the Company and Stephen M.               
       McLaughlin.  (Incorporated by reference to Exhibit 10.20 of the Company's      
       quarterly report on Form 10-Q for the quarter ended July 2, 1994.)             

10.18  Agreement dated June 2, 1994, between the Company and Lawrence A.              
       Melling.  (Incorporated by reference to Exhibit 10.21 of the Company's         
       quarterly report on Form 10-Q for the quarter ended July 2, 1994.)             

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                                                                [Download Table]

Exh. No.                Documentation Description                              Page
-------                 -------------------------                              ----
                                                                                   
10.19  Agreement dated June 2, 1994, between the Company and Ramon A. Nunez.       
       (Incorporated by reference to Exhibit 10.22 of the Company's quarterly      
       report on Form 10-Q for the quarter ended July 2, 1994.)                    

10.20  Agreement dated June 2, 1994, between the Company and Joseph W. Rockom.     
       (Incorporated by reference to Exhibit 10.23 of the Company's quarterly      
       report on Form 10-Q for the quarter ended July 2, 1994.)                    

11.1   Statements of Computation of Earnings Per Share                             

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SIGNATURES

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.                                          

          IKOS SYSTEMS, INC.
         -----------------
  Registrant

Date:  August 11, 1995               /s/ Joseph W. Rockom                       
                     ---------------------------
               (JOSEPH W. ROCKOM, CFO)
                    Principal Financial Officer,
               Duly Authorized Officer

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘10-Q’ Filing	Date	First	Last	Other Filings

Filed on:	8/14/95			None on these Dates
	8/11/95	13
For Period End:	7/1/95	1	9
	4/24/95	6
	12/28/94	6
	10/20/94	6
	10/2/94	6
	10/1/94	2	9
	7/2/94	2	12
	6/2/94	11	12
	1/1/94	11
	12/31/93	11
	12/15/93	6
	7/3/93	11
	7/1/93	11
	9/26/92	10
	3/20/92	10
	2/10/92	10
	1/27/92	10
				List all Filings

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Filing Submission 0000898430-95-001593 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Ikos Systems Inc – ‘10-Q’ for 7/1/95

As of: Monday, 8/14/95 · For: 7/1/95 · Accession #: 898430-95-1593 · File #: 0-18623

Previous ‘10-Q’: ‘10-Q’ on 5/10/95 for 4/1/95 · Next: ‘10-Q’ on 2/12/96 for 12/30/95 · Latest: ‘10-Q’ on 2/12/02 for 12/29/01

Quarterly Report — Form 10-QFiling Table of Contents

10-Q — Quarterly ReportDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Form 10-Q
Filing Table of Contents

10-Q — Quarterly Report
Document Table of Contents