SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) February 4, 2005
LIGHTBRIDGE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 000-21319 04-3065140
(STATE OR OTHER JURISDIC- (COMMISSION (IRS EMPLOYER
TION OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
30 CORPORATE DRIVE, BURLINGTON, MASSACHUSETTS 01803
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (781) 359-4000
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
CHECK THE APPROPRIATE BOX BELOW IF THE FORM 8-K FILING IS INTENDED TO
SIMULTANEOUSLY SATISFY THE FILING OBLIGATION OF THE REGISTRANT UNDER ANY OF THE
FOLLOWING PROVISIONS:
[ ] 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))
ITEM 8.01. OTHER EVENTS.
On February 4, 2005, Lightbridge, Inc., a Delaware corporation ("Lightbridge" or
the "Company"), provided the following historical financial information for its
changed operating segments. The changed operating segments were announced in its
press release dated January 27, 2005 entitled "Lightbridge Reports Fourth
Quarter and Year End 2004 Financial Results" and consist of Telecom Decisioning
Services (TDS), Payment Processing Services (Payment Processing), Intelligent
Network Solutions(INS) and Instant Conferencing Services (Instant Conferencing).
LIGHTBRIDGE, INC. AND SUBSIDIARIES
UNAUDITED SEGMENT FINANCIAL INFORMATION
(in thousands, except percentage amounts)
2003 2004
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THREE THREE THREE THREE THREE THREE THREE THREE
MONTHS MONTHS MONTHS MONTHS MONTHS MONTHS MONTHS MONTHS
ENDED ENDED ENDED ENDED ENDED ENDED ENDED ENDED
MAR 31 June 30 SEPT 30 DEC 31 TOTAL MAR 31 JUNE 30 SEPT 30 DEC 31 TOTAL
------- ------- ------- ------- -------- ------- ------- ------- ------- --------
REVENUES:
TDS $22,838 $24,719 $25,646 $25,820 $ 99,023 $23,809 $23,639 $21,570 $19,279 $ 88,297
Payment Processing (1) -- -- -- -- -- -- 8,138 8,839 9,859 26,836
INS 5,585 6,580 3,920 4,870 20,955 5,816 4,526 3,864 3,334 17,540
Instant Conferencing -- -- -- -- -- -- 382 -- -- 382
------- ------- ------- ------- -------- ------- ------- ------- ------- --------
TOTAL $28,423 $31,299 $29,566 $30,690 $119,978 $29,625 $36,685 $34,273 $32,472 $133,055
======= ======= ======= ======= ======== ======= ======= ======= ======= ========
GROSS PROFIT (LOSS)
TDS $10,191 $12,098 $12,172 $11,938 $ 46,399 $10,434 $10,662 $ 8,952 $ 7,242 $ 37,291
Payment Processing (1) -- -- -- -- -- -- 5,945 6,200 7,452 19,597
INS 3,400 3,855 1,980 2,395 11,630 3,141 2,406 1,703 1,542 8,792
Instant Conferencing -- -- -- -- -- (16) 188 (41) (356) (225)
------- ------- ------- ------- -------- -------- ------- ------- ------- --------
TOTAL $13,591 $15,953 $14,152 $14,333 $ 58,029 $13,559 $19,201 $16,814 $15,880 $ 65,455
======= ======= ======= ======= ======== ======== ======= -====== ======= ========
GROSS PROFIT (LOSS) %
TDS 44.6% 48.9% 47.5% 46.2% 46.9% 43.8% 45.1% 41.5% 37.6% 42.2%
Payment Processing (1) N/A N/A N/A N/A N/A N/A 73.1% 70.1% 75.6% 73.0%
INS 60.9% 58.6% 50.5% 49.2% 55.5% 54.0% 53.2% 44.1% 46.3% 50.1%
Instant Conferencing N/A N/A N/A N/A N/A N/A 49.2% N/A N/A -58.9%
TOTAL 47.8% 51.0% 47.9% 46.7% 48.4% 45.8% 52.3% 49.1% 48.9% 49.2%
(1) -- The Company's Payment Processing segment was formed through the
acquisition of Authorize.Net Corporation on March 31, 2004.
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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.
LIGHTBRIDGE, INC.
By: /s/ Timothy C. O'Brien
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Timothy C. O'Brien
Vice President, Finance and Administration,
Chief Financial Officer and Treasurer
February 4, 2005