Item 2.02 Results of Operations and Financial Condition
In a press release dated July 29, 2009, the Company announced its results of
operations for the fiscal quarter ended June 27, 2009. A copy of the press
release is set forth in Exhibit 99.1 hereto and incorporated herein by
reference.
The information in this Item 2.02 and the attached Exhibit 99.1 shall not be
deemed "filed" under Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section or Sections 11
and 12(a)(2) of the Securities Act of 1933, as amended, and is not incorporated
by reference into any of the Company's filings under the Securities Act of 1933,
as amended, or under the Securities Exchange Act of 1934, as amended, whether
made before or after the date of this report and irrespective of any general
incorporation language in any such filing, unless the Company expressly states
in such filing that such information is to be considered "filed" or incorporated
by reference therein.
The Company is making reference to non-GAAP financial information in both the
press release and in the related conference call. A reconciliation of these
non-GAAP financial measures to the comparable GAAP financial measures is
contained in the attached press release.
Item 8.01 Other Events
The Company has filed the script for its investor conference call to discuss
second quarter earnings results held on July 30, 2009 under cover of Schedule
14A as definitive additional materials. During the conference call the Company
clarified that the order backlog as of June 27, 2009 was $17.7 million which
included $15.6 million related to revenue attributable to the managed services
contract and software maintenance contracts. Backlog specifically for software
maintenance contracts declined sequentially from the first quarter due to the
fact that three additional major software support agreements have expired or
will expire within the next six months.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description of Exhibit
99.1 Tollgrade Communications, Inc. Press Release dated July 29, 2009,
announcing results of operations for the fiscal quarter ended June 27,
2009.
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