Agoracom: Small Cap Investment - Applied Nanotech Holdings Inc

Welcome to the Applied Nanotech HUB On AGORACOM

Applied Nanotech holds an extensive patent portfolio in the area of electron emission, and believes that this significant group of patents covers all carbon nanofilms, including carbon nanotubes used for electron emission applications

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APNT Form 10-K, 1March 2013

posted on Mar 02, 2013 02:39PM

Form 10-K for APPLIED NANOTECH HOLDINGS, INC

1-Mar-2013
Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should assist in understanding our financial condition, liquidity, and capital resources as of December 31, 2012, and the results of operations for the years ended December 31, 2012, 2011 and 2010. The Notes to our Consolidated Financial Statements included later in this report contain detailed information that should also be read in conjunction with this discussion.

OVERVIEW
We are engaged in research, development, and the commercialization of products that we develop or improve using nanotechnology. We focus on four main areas - Nanosensors, nanomaterials, thermal management, and nanoelectronics. We also possess extensive intellectual property related to electron emission technology. Our technologies, as well as many of the potential applications, are still new and in the early stages of development. To date, our revenue has primarily consisted of development projects involving either the U.S. government or large multinational corporations. We have also received upfront payments related to royalty agreements. In 2011, we also begin receiving royalties from the first products commercialized using our technology, and began directly selling some of the products that we have developed.

OUTLOOK
We expect our total cash needs for 2013 to be approximately $5.3 million. We intend to fund those needs through revenue sources including sales, reimbursements for research, and license agreements. We anticipate increasing our revenue in 2013 over 2012 levels. We had approximately $330,000 of cash and cash equivalents on hand as of December 31, 2012. We have focused on cutting expenses and increasing revenue to achieve at least break even. We believe we will be able to cover our cash needs for 2013; however, we have very little cushion for any unexpected expenses, and we may have to raise debt or equity funds to cover any shortfalls…….