<SEC-DOCUMENT>0001102624-12-000414.txt : 20120514
<SEC-HEADER>0001102624-12-000414.hdr.sgml : 20120514
<ACCEPTANCE-DATETIME>20120514080157
ACCESSION NUMBER:		0001102624-12-000414
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120514
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20120514
DATE AS OF CHANGE:		20120514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMMUCELL CORP /DE/
		CENTRAL INDEX KEY:			0000811641
		STANDARD INDUSTRIAL CLASSIFICATION:	IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835]
		IRS NUMBER:				010382980
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12934
		FILM NUMBER:		12836574

	BUSINESS ADDRESS:	
		STREET 1:		56 EVERGREEN DR
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04103
		BUSINESS PHONE:		2078782770

	MAIL ADDRESS:	
		STREET 1:		56 EVERGREEN DRIVE
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04103
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>immucell8k.htm
<DESCRIPTION>IMMUCELL CORPORATION 8-K
<TEXT>
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<B>UNITED STATES</B><br>
<B>SECURITIES AND EXCHANGE COMMISSION</B><br>
Washington, D.C. 20549<p>
<hr size=1>
<p><b>FORM 8-K<p>
CURRENT REPORT
<p>
Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934
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<b>Date of Report: May       14, 2012</b><br>
(Date of earliest event reported)<br><br>
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<b>ImmuCell Corporation</b><br>
(Exact name of registrant as specified in its charter)
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<b>ME</b><br>
(State or other jurisdiction <br>of incorporation)
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<b>001-12934</b><br>
(Commission File Number)
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<td align=center colspan=2 width="40%" valign="top">
<b>01-0382980</b><br>
(IRS Employer <br>Identification Number)
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<b>56 Evergreen Drive</b><br>
(Address of principal executive offices)
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<td>&nbsp;</td>
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<b>04103</b><br>
(Zip Code)
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<b>207-878-2770</b><br>(Registrant's telephone number, including area code)
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<b>Not Applicable</b><br>(Former Name or Former Address, if changed since last report)<br>
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<br><br>
</b>
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:<br>
<dl>
 <dd><font face="wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
 <dd><font face="wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  <br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  <br>
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<b>Item 2.02. Results of Operations and Financial Condition</b></b><br>
<br>
On May 14, 2012 ImmuCell Corporation (the "Company") issued a press release announcing financial results for the three-month period ended March 31, 2012.  The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
<br>
<br>The information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act (the "Exchange Act") or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 of the Exchange Act, except as expressly set forth by specific reference in such filing.
<br>
<p>
<b>Item 9.01. Financial Statements and Exhibits</b></b><br />
<br>

<p>
<b>(a) Financial statements:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(b) Pro forma financial information:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(c) Shell company transactions:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(d) Exhibits</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="immucellcorporation.htm">Press Release of ImmuCell Corporation dated May       14, 2012</a></b>
<br>
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<b><center>SIGNATURE</center></b>
<p>
&nbsp; &nbsp; &nbsp; 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.<p>
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Dated: May       14, 2012<br>
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<b>IMMUCELL CORPORATION</b>
<p>
By: <u>&nbsp;/s/ Michael F. Brigham &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;Michael F. Brigham<br>
&nbsp; &nbsp; &nbsp;<i>President, Chief Executive Officer and Principal Financial Officer</i><br>
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<center><b>Exhibit Index</b></center>
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<td width=50% align=center><b><u>Exhibit No.</u></b></td>
<td width=50% align=center><b><u>Description</u></b></td>
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<td align=center>99.1</td>
<td align=center>Press Release of ImmuCell Corporation dated May       14, 2012</td>
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</TEXT>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>immucellcorporation.htm
<DESCRIPTION>IMMUCELL CORPORATION PRESS RELEASE
<TEXT>

<p></p>
<b>ImmuCell Announces Product Sales Growth and Profit </b>
<p>PORTLAND, ME -- (Marketwire - May       14, 2012) -   <b>ImmuCell Corporation </b>(NASDAQ: ICCC) today announced the results of its operations for the three-month period ended March 31, 2012.
</p>
<p>
During the three-month period ended March 31, 2012, product sales increased by 10%, or $161,000, to $1,717,000 in comparison to the same period in 2011. During the twelve-month period ended March 31, 2012, product sales increased by 14%, or $642,000, to $5,273,000 in comparison to the same period in 2011.
</p>
<p>
"A 13% increase in sales of our lead product, <b>First Defense</b>&#174;, during the first three months of 2012 over the same period in 2011, demonstrates a solid return on our increased investment in sales and marketing," commented Michael F. Brigham, President and CEO. "Based primarily on increased gross margin from sales of <b>First Defense</b>&#174; and the anticipated reduction in product development expenditures, we returned to profitable operations for the first time since the first quarter of 2008."
</p>
<p>
Income before income taxes was $271,000 during the three-month period ended March 31, 2012, in contrast to a loss before income taxes of ($31,000) during the same period in 2011. Net income was $155,000, or $0.05 per share, during the three-month period ended March 31, 2012, in contrast to a net loss of ($23,000), or ($0.01) per share, during the same period in 2011.
</p>
<p>
Cash, cash equivalents and short-term investments increased by 2%, or $95,000, to $5,054,000 at March 31, 2012 as compared to $4,960,000 at December 31, 2011. Stockholders' equity increased by 3%, or $227,000, to $9,247,000 at March 31, 2012 as compared to $9,020,000 at December 31, 2011. The Company had 3,019,000 shares of common stock outstanding as of March 31, 2012.
</p>
<p>
<pre>
                                                            (Unaudited)
                                                        Three-Month Periods
                                                          Ended March 31,
                                                       --------------------
(In thousands, except per share amounts)                  2012       2011
                                                       ---------  ---------

Product sales                                          $   1,717  $   1,556
Costs of goods sold                                          705        687
                                                       ---------  ---------
  Gross margin                                             1,012        869

Product development expenses                                 248        472
Sales, marketing and administrative expenses                 483        414
                                                       ---------  ---------
  Other operating expenses                                   731        886
                                                       ---------  ---------

NET OPERATING INCOME (LOSS)                                  281        (17)

Other (expenses) revenues, net                               (10)       (14)
                                                       ---------  ---------

INCOME (LOSS) BEFORE INCOME TAXES                            271        (31)

Income tax expense (benefit)                                 116         (8)
                                                       ---------  ---------

NET INCOME (LOSS)                                      $     155  $     (23)
                                                       =========  =========

Weighted average common shares outstanding:
  Basic                                                    3,016      2,974
  Diluted                                                  3,103      2,974

NET INCOME (LOSS) PER SHARE:
  Basic                                                $    0.05  $   (0.01)
  Diluted                                              $    0.05  $   (0.01)



                                               (Unaudited)
                                               At March 31,  At December 31,
(In thousands)                                     2012            2011
                                             --------------- ---------------

Cash, cash equivalents and short-term
 investments                                 $         5,054 $         4,960
Total assets                                          11,171          10,991
Net working capital                                    6,780           6,516
Stockholders' equity                         $         9,247 $         9,020

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</p>
<p>
About ImmuCell:<br>
ImmuCell Corporation's (NASDAQ: ICCC) purpose is to create scientifically-proven and practical products that result in a measurable economic impact on animal health and productivity in the dairy and beef industries. Press releases and other information about the Company are available at our web-site, (http://www.immucell.com).

</p>
<pre>
<b>Contact:
</b>Michael F. Brigham
President and Chief Executive Officer
(207) 878-2770 Ext. 3106


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