Court Grants Final Approval for Settlement in Applied Energetics Securities Class Action Lawsuits

TUCSON, Ariz., Sept. 29 /PRNewswire-FirstCall/ -- Applied Energetics, Inc., (Nasdaq: AERG - News), today announced that the United States District Court for the District of Arizona granted final approval of the settlement of the consolidated class action lawsuit originally filed in July 2006 against Applied Energetics and its founders. As previously announced, under the terms of the settlement of the class action lawsuits, those lawsuits were dismissed with prejudice, and Applied Energetics and all other defendants received a full and complete release of all claims asserted against them in the litigation, in exchange for the payment of an aggregate of $5.3 million in cash and the issuance of previously unissued shares of common stock by Applied Energetics valued at $1.2 million. Based on the formula set forth in the settlement agreement, the Registrant will issue 2,883,887 shares of its common stock. There was no admission of liability by any of the defendants.Insurance proceeds of $6.2 million, less amounts previously reimbursed to Applied Energetics to pay expenses of the stockholder litigations (approximately $700,000 to date), were used to fund the settlement payments and related costs. The remaining cash payments and the stock issuance are being made by Applied Energetics.Mr. Joseph Hayden, Chief Operating Officer of Applied Energetics commented, "As stated in the settlement documents, Applied Energetics denies any liability in connection with the litigation and denies the claims asserted by the p...
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Applied Energetics Announces Receipt of NASDAQ Letter Citing Non-Compliance with Minimum Bid Price Rules

TUCSON, Ariz. Sept. 23 /PRNewswire-FirstCall/ -- Applied Energetics, Inc., (Nasdaq: AERG - News) today announced that on September 17, 2009 it received a notice from The NASDAQ Stock Market stating that the minimum bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with Marketplace Rule 5450(a)(2). The notification letter has no effect at this time on the listing of the Company's common stock on The NASDAQ Global Market. Applied Energetics common stock will continue to trade on The NASDAQ Global Market under the symbol AERG. The notification letter states that Applied Energetics will be afforded 180 calendar days, or until March 16, 2010, to regain compliance with the minimum closing bid requirement. In accordance with Marketplace Rule 5810(c)(3)(a), the Company can regain compliance if the closing bid price of the Company's common stock meets or exceeds $1.00 per share for at least 10 consecutive business days.If the Company does not regain compliance by March 16, 2010, NASDAQ will provide written notification to the Company that the Company's securities are subject to delisting. In the event the Company does not regain compliance by March 16, 2010, the Company may be eligible for an additional 180 calendar day grace period if it meets the initial listing standards, with the exception of bid price, for The NASDAQ Capital Market. The Company believes that it currently meets the initial listing requirements...
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Applied Energetics, Inc. Schedules Third Quarter 2009 Financial Results Conference Call for November 9, 2009 at 11:30 A.M. Eastern

TUCSON, Ariz., Nov. 2 /PRNewswire-FirstCall/ -- Applied Energetics, Inc., (Nasdaq: AERG - News), announced that Joseph Hayden, COO, and Humberto Astorga, Principal Financial Officer, will discuss the Company's results for the third quarter ended September 30, 2009, during a conference call scheduled for November 9, 2009, at 11:30 a.m. ET. The Company's financial results for the third quarter are scheduled to be released before the open of the market on November 9. Shareholders and other interested parties may participate in the conference call by dialing +1 888 713 4215 (domestic) or +1 617 213 4867 (international) and entering access code 16161769, a few minutes before 11:30 a.m. ET on November 9, 2009. The call will also be broadcast live on the Internet at www.streetevents.com, www.fulldisclosure.com and www.appliedenergetics.com.A replay of the conference call will be accessible two hours after its...
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APPLIED ENERGETICS, INC. Files SEC form 8-K, Other Events

Show all filings for APPLIED ENERGETICS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for APPLIED ENERGETICS, INC. 29-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for...
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Q3 2009 Applied Energetics, Inc. Earnings Release - Before Market Open

Earnings Announcements for Monday, November 9CompanySymbolTimeConferenceCall4Kids EntertainmentKDEBefore Market OpenAbatixABIX.PKAfter Market CloseAbraxas PetroleumAXASAfter Market CloseListenACADIA PHARMACEUTICALS INCACADAfter Market CloseADVANCED BATTERY TECHNOLOG INCABATAfter Market CloseAdvanced PhotonixAPIAfter Market CloseListenAdvanta CorporationADVNATime Not SuppliedAdvocatAVCAAfter Market CloseListenAlbany Molecular ResearchAMRIBefore Market OpenAlesco Financial Inc.AFNAfter Market CloseAlexza Pharmaceuticals Inc.ALXAAfter Market CloseListenAlliance One International, Inc.AOIAfter Market CloseAllianz SEAZSEY.PK01:30 am ETListenALLION HEALTHCARE INCALLITime Not SuppliedALPHATEC HOLDINGS INCATECTime Not SuppliedAmerican CareSource Holdings, Inc.ANCIAfter Market CloseA...
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APPLIED ENERGETICS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our discussion and analysis of the financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the related disclosures included elsewhere herein and in Management's Discussion and Analysis of Financial Condition and Results of Operations included as part of our Annual Report on Form 10-K for the year ended December 31, 2008. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of the securities laws. Forward-looking statements include all statements that do not relate solely to the historical or current facts, and can be identified by the use of forward looking words such as "may", "believe", "will", "expect", "expected", "project", "anticipate", "anticipated", "estimates", "plans", "strategy", "target", "prospects" or "continue". These forward looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition and may cause our actual results, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Important factors that could cause our actual results to differ materially from our expectations are described in Item 1A. (Risk Factors) of our Annual Report on Form 10-K for the year ended December 31, 2008. In making these forward-looking statements, we claim the protection of the safe-harbor for forward-looking statements contained in ...
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Applied Energetics, Inc. Earnings Call scheduled for 11:30 am ET today

Call DetailsApplied Energetics, Inc. Earnings Conference Call (Q3 2009)Mon, Nov 9, 2009, 11:30 am EasternAbout Applied Energetics, Inc. (NasdaqGM:AERG)Applied Energetics, Inc. develops and manufactures guided energy systems for military, commercial, and environmental applications in the United States. The company provides solutions for urgent military missions, including neutralizing improvised explosive devices (IEDS), neutralizing vehicle-borne IEDs, and non-lethal methods for vehicle stopping. It also offers laser guided energy and laser induced plasma channel technologies that can transmit high voltage electrical charges by using a laser to create a conductive path in the atmosphere. In addition, Applied Energetics provides high-voltage solutions for semiconductor, aerospace, environmental, and other commercial ventures and activities. Further, it designs and builds rugged solid state lasers, laser pump heads, thin-disk laser assemblies, fiber lasers, laser drive and control electronics, optic and fiber-optic interfaces, and laser components. The company was formerly known as Ionatron, Inc. and changed its name to Applied Energetics, Inc. in February 2008. Applied Energetics was founded in 1990 and is based in Tucson, Arizona.More Info:Quote |Profile |Reports |Research |Insider | Financials...
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Applied Energetics Reports Third Quarter 2009 Financial Results

TUCSON, Ariz., Nov. 9 /PRNewswire-FirstCall/ -- Applied Energetics, Inc., (Nasdaq: AERG - News), today reported summary financial results for the third quarter ended September 30, 2009. The Company will host a live conference call today, November 9, 2009 at 11:30AM (Eastern Time). Third Quarter Business HighlightsThird Quarter 2009 and Year-to-Date 2009 Summary Financial ResultsRevenue for the third quarter of 2009 was approximately $1.9 million, compared to approximately $4.0 million for the same period last year, a decrease of 53%. Revenues were derived from contracts received in prior periods for Counter-IED projects for the USMC and Laser Guided Energy(TM) (LGE) projects from government research contracts.Net loss attributable to common stockholders for the third quarter of 2009 was $1.7 million, or $0.02 per basic and diluted share, and included non-cash stock based compensation of $237,000, or $0.002 per basic and diluted share, compared to the prior-comparable period net loss of $2.0 million or $0.02 per basic and diluted common share with non-cash stock based compensation of $663,000, or $0.01 per basic and diluted share.Revenue for the nine months ended September 30, 2009 was approximately $6.2 million, compared to approximately $11.7 million for the same period last year, a decrease of approximately 47%.Net loss attributable to common stockholders for the nine months ended September 30, 2009 was $8.0 million, or $0.09 per basic and diluted common share,...
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Applied Energetics revenue plummets 53%

Applied Energetics Inc., a Tucson company specializing in short-pulse lasers and other high-powered technology, reported a drastic drop in third-quarter sales to $1.88 million from $4.01 million a year ago. Revenue came from an existing U.S. Marine Corps contract for counter-IED technology and a government research contract for laser-guided energy. But the company also announced new contracts for the U.S. Army and Navy. Revenue for the nine months ended Sept. 30 was $6.2 million, compared to $11.7 million last year. COO Joe Hayden offered some positive comments: “We have continued to make progress in the third quarter and have begun to move our business in a positive direction. The awards of the contracts for the new laser application from the Navy and the laser guided energy contract from our Army customer are concrete indications that our customers value the technologies we are developing and that we are fulfilling their critical requirements. This is significant given the challenging fiscal environment faced by the U.S. government. We also continue to improve our cost and overhead structures so that we can maintain our cash reserves as we build our revenues and backlog.” Net loss for the quarter was $1.67 million, or 2 cents a share, compared with $2 million a year ago. For the nine months Applied Energetics reported a loss of $7.97 million, or 9 cents a share, compared with $6.69 million. Applied Energetics’ stock (Nasdaq:AERG) has traded below $1 per share since late last year causing The Nasdaq Stock Market to issue a warning letter in September that it could be delisted if the price does not recoup. Shares were down a few cents Monday trading at 37 cents as of 10 a.m. Phoenix time. “In the third quarter our management team initiated a new strategic plan that will leverage the core t...
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APPLIED ENERGETICS, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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