Beeio Honey Ltd. — Interim / Quarterly Report 2012

Aug 29, 2012

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

For the month of August 2012 (Report No. 5)

Commission File Number: 0-28724

ORCKIT COMMUNICATIONS LTD.

(Translation of registrant’s name into English)

126 Yigal Allon Street, Tel-Aviv 67443, Israel (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F X Form 40-F_______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): N/A

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): N/A

This Report on Form 6-K is hereby incorporated by reference into (i) the Registration Statements on Form F-3, Registration Nos. 333-160443, 333164822, 333-165753, 333-166203 and 333-171438 of Orckit Communications Ltd. (the "Company"), and (ii) the Company’s Registration Statements on Form S-8, Registration Nos. 333-05670, 333-08824, 333-12178, 333-131991 and 333-164090.

CONTENTS

Orckit Communications Ltd. (OTCQB: ORCT) today reported results for the second quarter and six months ended June 30, 2012. The Company's unaudited condensed consolidated statements of operations and balance sheets are set forth below.

ORCKIT COMMUNICATIONS LTD. CONSOLIDATED BALANCE SHEETS

(US$ in thousands)

	ASSETSCurrent assets:Cash and short term marketable securitiesRestricted cash and short term marketable securitiesTrade receivablesOther receivablesInventoriesTotal current assetsSeverance pay fundProperty and equipment, netDeferred issuance costs, netTotal assets LIABILITIES NET OF CAPITALDEFICIENCY		June 30December 3120122011
		$		9,500$	23,188
		$		9,3335,6931,9274,177______30,6303,298	-6,4822,2384,082______35,9903,248
				779	1,0504
				-______34,707$ ======	3______40,322======
	Current liabilities:Trade payables$ Accrued expenses and other payablesDeferred incomeConvertible subordinated notes, series AAdjustments due to convertible notes conversion termsConvertible subordinated notes series A, netTotal current liabilitiesLong term liabilities :Convertible subordinated notes, series BLong-term loan from related partiesDeferred incomeAccrued severance pay and otherTotal long term liabilitiesTotal liabilitiesCapital deficiencyTotal liabilities net of capital deficiency$			3,169$ 5,4341,52424,563-24,56334,6903,6514007143,9318,69643,386(8,679)______34,707$ ======	2,9886,1781,47824,908(226)24,68235,3264,389-7783,9449,11144,437(4,115)______40,322======

ORCKIT COMMUNICATIONS LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (US$ in thousands, except per share data)

Revenues$ Cost of revenuesGross profitResearch and development expenses, netSelling, marketing, general and administrativeexpensesTotal operating expensesOperating lossFinancial expenses, netAdjustments due to Series A and Series B convertiblenotesTotal financial income (expense), netNet loss$ Net loss per share - basic$ Net loss per share - diluted$ Weighted average number of shares outstanding –basicWeighted average number of shares outstanding –diluted	Three Months Ended June 30201220113,528$ 4,970$ 1,4512,811 2,0772,1591,7653,1172,7123,074 4,4776,191 (2,400)(4,032)(455)(340)596(589)141(929) (2,259)$ (4,961)$ =============(0.10)$ (0.22)$ =============(0.12)$ (0.22)$ =============22,76922,732=============27,13322,732=============	Six Months EndedJune 30201220116,769$ 9,5252,9675,5313,8023,9943,2736,1335,3887,1948,66113,327(4,859)(9,333)(760)(707)(248)(941)(1,008)(1,648)(5,867)$ (10,981)===========(0.26)$ (0.49)===========(0.26)$ (0.49)===========22,76722,624===========22,76722,624===========

SIGNATURES

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, thereunto duly authorized.

ORCKIT COMMUNICATIONS LTD.

Date: August 29, 2012 By: /s/ Izhak Tamir__________ Izhak Tamir President