<PAGE>   1

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q
         (Mark One)
         [X]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 2000
                                                 -------------

         [ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
             For the transition period from       to
                                           ------    ------

                         Commission File Number: 0-29020

                               VIEWCAST.COM, INC.
        -----------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                DELAWARE                               75-2528700
      ------------------------------         ------------------------------
     (State or other Jurisdiction of         (I.R.S. Employer Incorporation
     Incorporation or Organization)                Identification No.)


               2665 VILLA CREEK DRIVE, SUITE 200, DALLAS, TX 75234
               ---------------------------------------------------
                    (Address of principal executive offices)

                                  972/488-7200
                           ---------------------------
                           (Issuer's Telephone Number)



Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes  X   No
    ---      ---

As of August 7, 2000, 15,731,663 shares of the Registrant's common stock were
outstanding.


<PAGE>   2


                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                               INDEX TO FORM 10-Q


<TABLE>
<S>                                                                        <C>
PART I. FINANCIAL INFORMATION

  Item 1.  Financial Statements
    Consolidated Balance Sheets at December 31, 1999 and
       June 30, 2000 (Unaudited)............................................  3
    Consolidated Statements of Operations for the Three and Six Months
       ended June 30, 1999 and 2000 (Unaudited) ............................  4
    Consolidated Statement of Stockholders' Equity for the
       Six Months ended June 30, 2000 (Unaudited)...........................  5
    Consolidated Statements of Cash Flows for the Six Months
       ended June 30, 1999 and 2000 (Unaudited).............................  6
    Notes to Consolidated Financial Statements..............................  7

  Item 2.  Management's Discussion and Analysis of Financial Condition
    and Results of Operations............................................... 10

PART II. OTHER INFORMATION ................................................. 15

SIGNATURES ................................................................. 16
</TABLE>


                                       2
<PAGE>   3
                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                          DECEMBER 31,      JUNE 30,
                                                                              1999            2000
                                                                          ------------    ------------
                            ASSETS                                                         (UNAUDITED)
<S>                                                                       <C>             <C>
Current assets:
  Cash and cash equivalents                                               $  4,315,980    $  7,492,466
  Available-for-sale securities                                              3,410,853       3,488,992
  Accounts receivable, less allowance for  doubtful accounts
     of $117,000 and $186,000 at December 31, 1999 and
     June 30, 2000 (unaudited), respectively                                 1,386,395       1,737,633
  Inventory                                                                  2,526,096       2,460,949
  Prepaid expenses                                                              93,598         208,540
                                                                          ------------    ------------
      Total current assets                                                  11,732,922      15,388,580

Property and equipment, net                                                  1,338,143       1,344,791
Software development costs, net                                                429,502         418,467
Deferred charges                                                                    --       1,136,815
Deposits                                                                        64,815          67,848
                                                                          ------------    ------------

      Total assets                                                        $ 13,565,382    $ 18,356,501
                                                                          ============    ============

             LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                                                        $    662,247    $    740,714
  Accrued compensation                                                         418,360         452,297
  Deferred revenue                                                             270,779         398,354
  Other accrued liabilities                                                    392,713         638,887
  Shareholder line of credit                                                 2,408,827       2,408,827
  Short-term debt, other                                                         4,842           2,420
                                                                          ------------    ------------
      Total current liabilities                                              4,157,768       4,641,499

Long-term debt                                                                      --       4,450,000

Commitments

Stockholders' equity:
  Convertible preferred stock, $.0001 par value:
    Authorized shares - 5,000,000
      Series B - issued and outstanding shares -  945,000 at
          December 31, 1999 and June 30, 2000 (unaudited), respectively             95              95
  Common stock, $.0001 par value:
    Authorized shares - 40,000,000
    Issued and outstanding shares -  14,624,898 and 15,968,160
      at December 31, 1999 and June 30, 2000 (unaudited), respectively           1,463           1,597
  Additional paid-in capital                                                44,889,810      49,565,361
  Unrealized gain on securities reported at fair value and accumulated
      other comprehensive income                                             1,410,853       1,488,992
  Accumulated deficit                                                      (36,882,701)    (41,779,137)
  Treasury stock,  261,497 shares at December 31, 1999 and
      June 30, 2000 (unaudited)                                                (11,906)        (11,906)
                                                                          ------------    ------------
      Total stockholders' equity                                             9,407,614       9,265,002
                                                                          ------------    ------------

      Total liabilities and stockholders' equity                          $ 13,565,382    $ 18,356,501
                                                                          ============    ============
</TABLE>

                            See accompanying notes.

                                        3
<PAGE>   4

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                          FOR THE THREE MONTHS ENDED      FOR THE SIX MONTHS ENDED
                                                   JUNE 30,                       JUNE 30,
                                        ----------------------------    -----------------------------
                                            1999            2000             1999           2000
                                        ------------    ------------    ------------    ------------
<S>                                     <C>             <C>             <C>             <C>
NET SALES                               $  2,219,826    $  2,360,138    $  4,233,990    $  4,296,796

Cost of goods sold                         1,157,784       1,146,491       2,206,249       2,013,202
                                        ------------    ------------    ------------    ------------

Gross profit                               1,062,042       1,213,647       2,027,741       2,283,594

Operating expenses:
  Selling, general and administrative      1,763,229       2,385,411       3,418,191       4,477,808
  Research and development                   683,405       1,054,653       1,658,672       1,946,722
  Depreciation and amortization              150,206         176,320         304,581         324,443
                                        ------------    ------------    ------------    ------------
      Total operating expenses             2,596,840       3,616,384       5,381,444       6,748,973
                                        ------------    ------------    ------------    ------------

OPERATING LOSS                            (1,534,798)     (2,402,737)     (3,353,703)     (4,465,379)

Other income (expense):
  Dividend and interest income                63,277         119,640         106,640         181,935
  Interest expense                          (253,519)       (166,823)       (579,697)       (237,058)
  Other                                           67              --              67              --
                                        ------------    ------------    ------------    ------------
      Total other income (expense)          (190,175)        (47,183)       (472,990)        (55,123)
                                        ------------    ------------    ------------    ------------

NET LOSS                                $ (1,724,973)   $ (2,449,920)   $ (3,826,693)   $ (4,520,502)
                                        ============    ============    ============    ============

NET LOSS PER SHARE: BASIC AND DILUTED   $      (0.15)   $      (0.17)   $      (0.34)   $      (0.32)
                                        ============    ============    ============    ============

WEIGHTED AVERAGE NUMBER OF COMMON
   SHARES OUTSTANDING                     12,847,820      15,547,614      12,244,894      15,195,411
                                        ============    ============    ============    ============
</TABLE>

                            See accompanying notes.

                                        4
<PAGE>   5

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
               FOR THE SIX MONTHS ENDED JUNE 30, 2000 (UNAUDITED)


<TABLE>
<CAPTION>
                                                    CONVERTIBLE                                 ADDITIONAL        OTHER
                                                  PREFERRED STOCK           COMMON STOCK         PAID-IN       COMPREHENSIVE
                                                 SHARES    PAR VALUE     SHARES     PAR VALUE    CAPITAL          INCOME
                                               ----------- ---------     ------     ---------  -----------     -------------
<S>                                            <C>         <C>         <C>          <C>        <C>             <C>
BALANCE,  DECEMBER 31, 1999                     945,000    $    95     14,624,898   $  1,463   $ 44,889,810    $  1,410,853


  Exercise of options and warrants                   --         --      1,189,311        119      3,990,869              --

  Value of options and warrants
      issued for consulting services                 --         --             --         --        226,737              --

  Sale of common stock, employee
     stock purchase plan                             --         --         24,354          2         74,066              --

  Common stock issued for legal
     services                                        --         --          2,500         --         15,000              --

  Other                                              --         --             --         --         (9,199)             --

  Convertible preferred stock
     dividends - Series B                            --         --        127,097         13        378,078              --

  Unrealized gain on securities reported
     at fair value                                   --         --             --         --             --          78,139
  Net loss                                           --         --             --         --             --              --

          Comprehensive loss                 (4,442,363)

                                           ------------    -------   ------------   --------   ------------    ------------
BALANCE,  JUNE 30, 2000                         945,000    $    95     15,968,160   $  1,597   $ 49,565,361    $  1,488,992
                                           ============    =======   ============   ========   ============    ============

<CAPTION>

                                                                               TOTAL
                                                ACCUMULATED     TREASURY    STOCKHOLDERS'
                                                  DEFICIT         STOCK        EQUITY
                                                -----------    ----------  -------------
<S>                                            <C>             <C>         <C>
BALANCE,  DECEMBER 31, 1999                    $(36,882,701)   $ (11,906)   $ 9,407,614


  Exercise of options and warrants                       --           --      3,990,988

  Value of options and warrants
      issued for consulting services                     --           --        226,737

  Sale of common stock, employee
     stock purchase plan                                 --           --         74,068

  Common stock issued for legal
     services                                            --           --         15,000

  Other                                                  --           --         (9,199)

  Convertible preferred stock
     dividends - Series B                          (375,934)          --          2,157

  Unrealized gain on securities reported
     at fair value                                       --           --         78,139
  Net loss                                       (4,520,502)          --     (4,520,502)
                                                                            -----------
          Comprehensive loss                                                 (4,442,363)

                                               ------------    ---------    -----------
BALANCE,  JUNE 30, 2000                        $(41,779,137)   $ (11,906)   $ 9,265,002
                                               ============    =========    ===========
</TABLE>

                            See accompanying notes.

                                        5
<PAGE>   6

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                             FOR THE SIX MONTHS ENDED
                                                                                   JUNE 30,
                                                                          ----------------------------
                                                                              1999            2,000
                                                                          ------------    ------------
<S>                                                                       <C>             <C>
OPERATING ACTIVITIES:
  Net loss                                                                $ (3,826,693)   $ (4,520,502)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
      Depreciation of fixed assets                                             244,122         271,592
      Amortization of software development costs                                60,459          52,851
      Non-cash charges to interest expense                                     379,951          40,401
      Non-cash consulting fees exchanged for options and warrants               24,500          19,367
      Changes in operating assets and liabilities:
        Accounts receivable                                                   (296,057)       (351,238)
        Inventory                                                              406,499          65,147
        Prepaid expenses                                                         8,668        (114,942)
        Deposits                                                                11,277          (3,033)
        Accounts payable                                                    (2,062,183)         93,467
        Accrued compensation                                                     1,076          33,937
        Accrued restructuring charges                                         (243,457)             --
        Deferred revenue                                                        (1,497)        127,575
        Other accrued liabilities                                             (139,586)        248,331
                                                                          ------------    ------------
               Net cash used in operating activities                        (5,432,921)     (4,037,047)
                                                                          ------------    ------------

INVESTING ACTIVITIES:
  Purchase of property and equipment                                          (153,895)       (278,241)
  Software development costs                                                   (34,152)        (41,815)
                                                                          ------------    ------------
               Net cash used in investing activities                          (188,047)       (320,056)
                                                                          ------------    ------------

FINANCING ACTIVITIES:
  Net proceeds from convertible preferred stock subscription - Series B      8,834,346              --
  Net proceeds for the issuance of long-term debt                                   --       3,480,154
  Net proceeds from the exercise of options and warrants                     4,135,843       3,990,988
  Proceeds from sale of common stock                                            43,089          74,068
  Repayment of shareholder line of credit                                     (923,595)             --
  Repayment of short-term debt-officer                                         (96,285)             --
  Repayment of short-term debt-other                                                --          (2,422)
  Other                                                                        (43,878)         (9,199)
                                                                          ------------    ------------
               Net cash provided by financing activities                    11,949,520       7,533,589
                                                                          ------------    ------------

NET INCREASE IN CASH AND CASH EQUIVALENTS                                    6,328,552       3,176,486

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                 439,791       4,315,980
                                                                          ------------    ------------

CASH AND CASH EQUIVALENTS, END OF PERIOD                                  $  6,768,343    $  7,492,466
                                                                          ============    ============
</TABLE>

                            See accompanying notes.

                                        6
<PAGE>   7

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS


1.  BASIS OF PRESENTATION

     The accompanying unaudited interim consolidated financial statements
include the accounts of ViewCast.com, Inc. and its wholly-owned subsidiaries,
Viewpoint Systems, Inc., VideoWare, Inc. and Osprey Technologies, Inc.
(collectively, the Company). All material inter-company accounts and
transactions have been eliminated in consolidation.

     The financial statements have been prepared in accordance with generally
accepted accounting principles for interim financial information. Accordingly,
they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. In the opinion
of management, all adjustments (consisting only of normal recurring accruals)
considered necessary for a fair presentation have been included. Operating
results for the three and six months ended June 30, 2000 are not necessarily
indicative of the results that may be expected for the year ending December 31,
2000. For further information, refer to the consolidated financial statements
and footnotes thereto included in the Company's Annual Report on Form 10-KSB for
the year ended December 31, 1999, as amended, filed with the Securities and
Exchange Commission.

2.  INVENTORIES

         Inventory is comprised primarily of purchased electronic components and
computer system products, along with related documentation manuals and packaging
materials and consists of the following:

<TABLE>
<CAPTION>
                      DECEMBER 31,   JUNE 30,
                          1999        2000
                      ----------   ----------
                                  (UNAUDITED)
<S>                   <C>          <C>
Purchased materials   $  766,533   $  787,591
Finished goods         1,759,543    1,673,358
                      ----------   ----------
                      $2,526,096   $2,460,949
                      ==========   ==========
</TABLE>

         Inventory at December 31, 1999 and June 30, 2000 is presented net of
reserves of $346,153 and $365,562 respectively. Reserves are provided for lower
of cost or market adjustments, obsolescence and for slow moving and damaged
inventory.

3.  LONG-TERM DEBT

     On April 28, 2000, the Company sold $4,450,000 aggregate principal amount
of 7% Senior Convertible Debentures Due 2004 (the "Debentures") pursuant to a
placing agreement dated March 28, 2000, and amended on April 28, 2000, by and
among the Company and RP&C International Inc. and RP&C International Limited
(the "Lead Managers") at an initial offering price of 100% of the principal
amount thereof, less 8% gross commission. In addition, the Company issued the
Lead Managers a warrant (the "Warrant") on April 28, 2000, in the name of RP&C
International (Guernsey) Limited, pursuant to Regulation S, to purchase an
aggregate of 89,000 shares of Common Stock, at an exercise price of $5.00 per
share, subject to adjustment in the event of adjustment of the Conversion Price
of the Debentures. The Warrant has a term of five (5) years and may be exercised
as to all or any lesser number of shares of Common Stock covered thereby,
commencing twelve (12) months after the date of issuance.


                                       7
<PAGE>   8

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
          NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)


     Unless previously redeemed, the Debentures are convertible into shares of
Common Stock of the Company at the option of the holder at any time at a fixed
conversion price of $5.00 per share of Common Stock, subject to adjustment in
certain circumstances (the "Conversion Price"). Upon voluntary conversion of any
Debenture by its holder, no payment will be made for interest accrued during the
period (i) from the most recent interest payment date preceding the applicable
conversion date, or (ii) from the date of issuance of the Debentures if the
Debenture is converted before the first interest payment (absent default by the
Company, in which event interest shall continue to accrue at a specified default
rate). Debentures which are converted prior to the first interest payment date
of November 1, 2000 will be converted at a ten percent (10%) discount from the
then effective Conversion Price, and Debentures which are converted prior to the
second interest payment date of May 1, 2001 will be converted at a five percent
(5%) discount from the then effective Conversion Price.

      The Debentures were sold outside the United States to non-U.S. persons in
reliance on Regulation S under the Securities Act of 1933, as amended (the
"Act"). Each purchaser certified that it was not a U.S. person (as defined in
Regulation S under the Act) and that it was not acquiring the Debentures for the
account or benefit of any U.S. person. Further each purchaser agreed that prior
to the end of the one-year Distribution Compliance Period (as defined in
Regulation S under the Act), the Debentures may be resold, pledged or
transferred only (i) to the Company, (ii) pursuant to offers and sales outside
the United States in a transaction meeting the requirements of Rules 901 through
905 of Regulation S under the Act, or (iii) pursuant to an effective
registration statement under the Act, each in accordance with any applicable
securities laws of the United States.

      The Company can cause the Debentures to be converted into shares of Common
Stock at the Conversion Price at any time and from time to time after October
28, 2001, if the closing sale price of the Common Stock on each day during any
twenty (20) consecutive trading day period commencing on or after October 1,
2001, has equaled or exceeded 160% of the Conversion Price. The Company can
cause the Debentures to be converted into shares of Common Stock at the
Conversion Price at any time and from time to time after April 28, 2002, if the
closing sale price of the Common Stock on each day during any twenty (20)
consecutive trading day period commencing on or after April 1, 2002, has equaled
or exceeded 140% of the Conversion Price.

     The Company may redeem all outstanding Debentures at their principal
amount, together with accrued interest, in the event that prior to the
redemption notice, 85% or more in principal amount of the Debentures have been
converted or purchased by the Company.

4.  SHAREHOLDERS' EQUITY - COMMON STOCK

         In January through June 2000, the Company received gross proceeds of
$3,683,189 from the exercise of 1,072,245 private and public warrants to
purchase 1,091,556 common shares of the Company at exercise prices ranging from
$3.00 to $4.50 per share.

         In January through June 2000, the Company received gross proceeds of
$307,799 from the exercise of 97,755 employee stock options to purchase 97,755
common shares of the Company at exercise prices ranging from $2.06 to $4.63 per
share.


                                       8
<PAGE>   9

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
          NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)


5.  NET LOSS PER SHARE

     Basic earnings per share is calculated by dividing net income/loss
applicable to common shareholders by the weighted average number of common
shares outstanding for the period. Since the Company has reported net losses for
the periods presented, the computation of diluted loss per share excludes the
effects of outstanding options, warrants, convertible debt and convertible
preferred stock since their effect is anti-dilutive.

     Loss per share calculations for the three and six months ended June 30,
1999 and 2000 are as follows:

<TABLE>
<CAPTION>
                                                    THREE MONTHS ENDED              SIX MONTHS ENDED
                                                         JUNE 30,                        JUNE 30,
                                              ----------------------------    ----------------------------
                                                  1999            2000            1999            2000
                                              ------------    ------------    ------------    ------------
<S>                                           <C>             <C>             <C>             <C>
Net loss                                      $ (1,724,973)   $ (2,449,920)   $ (3,826,693)   $ (4,520,502)

Preferred dividends and accretion of
  issue costs                                     (182,099)       (187,967)       (385,048)       (375,934)
                                              ------------    ------------    ------------    ------------

Net loss applicable to common shareholders    $ (1,907,072)   $ (2,637,887)   $ (4,211,741)   $ (4,896,436)
                                              ============    ============    ============    ============

Weighted average number of common shares
   outstanding                                  12,847,820      15,547,614      12,244,894      15,195,411
                                              ============    ============    ============    ============

Loss per share as reported in the financial
  statements: basic and diluted               $      (0.15)   $      (0.17)   $      (0.34)   $      (0.32)
                                              ============    ============    ============    ============
</TABLE>

6.  COMPREHENSIVE INCOME

     During 1998, the Company adopted Statement of Financial Accounting
Standards No. 131, Reporting Comprehensive Income. The calculation of
comprehensive income for the six months ended June 30, 2000 includes net loss as
reported in the Consolidated Statements of Operations and unrealized gains and
losses on available-for-sale securities. At June 30, 2000, the Company had gross
unrealized gains on available-for-sale securities of $1,488,992. In addition,
during the six months ended June 30, 2000, unrealized gains on
available-for-sale securities increased $78,139.

     Available-for-sale securities is comprised exclusively of shares of
TekInsight.com, Inc. (TEKS) acquired through a strategic business alliance in
September of 1998. The quoted market price of TEKS shares at December 31, 1999,
June 30, 2000 and July 31, 2000 was $2.75, $2.81 and $2.44, respectively.


                                       9
<PAGE>   10

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

GENERAL

         The accompanying consolidated financial statements include the accounts
of ViewCast.com, Inc. (VCST), and its wholly-owned subsidiaries, Viewpoint
Systems, Inc. (Viewpoint), VideoWare, Inc. (VideoWare) and Osprey Technologies,
Inc. (Osprey) (collectively, the Company). The Company operates in one business
segment and is engaged in designing, developing and marketing advanced,
standards-based video products that enable video communication over the Internet
and corporate networks. The Company's Viewpoint VBX(TM) video distribution
system, Osprey(R) line of video capture cards and video
compression-decompression cards ("codecs") and ViewCast(R) line of Internet
encoding and streaming video servers deliver business applications for video
conferencing, video broadcasting, video-based training, distance learning,
telemedicine, surveillance and Internet and intranet video communications. The
Company markets its products directly to end-users, through original equipment
manufacturers, value-added resellers and computer system integrators, worldwide.

     This Quarterly Report on Form 10-Q contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements containing the words "will" and
"expects" and similar words, which involve risks and uncertainties. The
Company's actual results may differ significantly from the results discussed in
the forward-looking statements. Factors that might cause such a difference
include, but are not limited to, product demand and market acceptance risks, the
impact of competitive products and pricing, product development,
commercialization and technological difficulties, capacity and supply
constraints or difficulties, general business and economic conditions, the
effect of the Company's accounting policies and other risks detailed in the
Company's Annual Report on Form 10-KSB for the year ended December 31, 1999, as
amended, the Registration Statements on Form S-3 filed on April 26, 2000 and
June 28, 2000 and other filings with the Securities and Exchange Commission.

RESULTS OF OPERATIONS

QUARTER ENDED JUNE 30, 2000 COMPARED TO QUARTER ENDED JUNE 30, 1999.

     Net Sales. Net sales for the quarter ended June 30, 2000 increased 6.3% to
$2,360,138 from $2,219,826 reported during the same period last year. The
increase is attributed to growth in sales of the Company's video distribution
system products offset in part by a decline in sales of the Company's Osprey(R)
subsystem products.

     o    Osprey(R) Subsystem Products. During the 2nd quarter of 2000, sales of
          Osprey codecs and video capture cards decreased 12.7% over 1999 levels
          and represented 63.3% of quarterly revenues compared to 77.1% of total
          revenues in the 2nd quarter of 1999. The decrease can be attributed to
          a decline in sales to one of Company's major OEM partners offset in
          part by the growth in demand for the Company's subsystems from channel
          partners in the Pacific Rim and Western Europe. During June 2000, the
          Company began limited shipments of its new Osprey-500 line of video
          capture cards designed specifically for the capture of
          broadcast-quality digital video for streaming media. The
          Oprey-500DVPro was developed by ViewCast and was optimized exclusively
          to support the Microsoft(R) Windows Media(TM) Format with cooperation
          from Microsoft's Digital Media division. The Company expects to see
          increased subsystem sales for the remainder of 2000, much of the
          increase due to the introduction of the Osprey-500 products which have
          increased average selling prices and gross margins over established
          subsystem products.


                                       10
<PAGE>   11

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                     AND RESULTS OF OPERATIONS - (CONTINUED)


     o    ViewCast(R) Streaming and Encoding Systems. During the quarter ended
          June 30, 2000, sales of ViewCast streaming and encoding systems were
          $83,772 and represented 3.5% of quarterly revenues compared to
          $174,269 during the quarter ended June 30, 1999. To encourage new
          sales and enhance functionality of its ViewCast streaming video
          systems, the Company is integrating the Osprey-500 and Osprey-200
          series of products and incorporating additional custom and third party
          software into new platforms designed for use by broadcasters and other
          professional rich-media suppliers.

     o    ViewPoint VBX(TM) Video Distribution Systems. Sales of VBX video
          distribution systems for the second quarter of 2000 increased by
          $347,786 or 152.0% compared to the same period in 1999. Sales of VBX
          video distribution systems represented 24.4% of quarterly revenues,
          compared to 10.3% of revenues in the second quarter of 1999. The
          increase can be attributed to growth in VBX sales in Europe and North
          America. During June of 2000, the Company sold VBX equipment to a
          leading Wall Street investment management company in the U.S. and
          expects additional revenue from this institution during the 2nd half
          of 2000. The Company expects sales of its VBX systems to increase for
          the balance of 2000 as new product features are added and as new
          vertical markets are identified and developed.

     o    Other Revenues. Other revenues consisting of software maintenance,
          training, engineering consulting fees and professional services
          amounted to $205,856 for the quarter ended June 30, 2000 and
          represented 8.7% of quarterly revenues compared to $105,000, or 4.7%,
          of total revenues during the 2nd quarter of 1999.

     Cost of Goods Sold. Cost of goods sold decreased $11,293 to $1,146,491 for
the quarter ended June 30, 2000 compared to the same period in 1999 primarily
due to increased margins from the introduction of new subsystem products with
higher gross margins and to increased manufacturing efficiencies. Gross profit
margin for the quarter ended June 30, 2000 was 51.4%, representing an increase
from the 47.8% margin reflected in the same period in 1999. The Company
anticipates that, over extended periods, its margins will remain in the range of
46% - 53%.

     Selling, General and Administrative Expense. Selling, general and
administrative expenses increased from $1,763,229 in the 2nd quarter of 1999 to
$2,385,411 in the 2nd quarter of 2000 primarily due to an increase in sales
employees and related overhead expenses. During the 2nd quarter of 2000, sales
and sales related expenses increased 68.3% over 1999 levels. Since December
1999, the Company has added eleven sales employees consisting of regional sales
managers, vertical market specialists and sales engineers to bolster sales of
its ViewCast streaming/encoding servers, VBX video distribution systems and
Osprey subsystem products. In addition, sales expenses were much reduced during
the first half of 1999 due to workforce reductions and restructuring efforts
instituted in the fourth quarter of 1998. Additionally, during the three months
ended June 30, 2000, marketing expenses increased 43.4% over 1999 levels due
principally to increases in promotional expenses associated with introduction of
new products and trade show expenditures.

     Research and Development Expense. Total research and development expense
increased approximately 54.3%, or $371,248, compared to the 2nd quarter of 1999
as a result of additional engineering headcount, increased spending on
development and testing of new subsystem products, and enhancement and
development of new features to its already existing system products.

     Other Income (Expense). During the quarter ended June 30, 2000, other
expense decreased by $142,922 to $47,183, primarily due to an increase in
interest income generated from higher average cash and cash equivalent balances
during the current quarter, and from the elimination of interest expense
associated with the amortization of debt issue costs related to Company's line
of credit financing that were fully amortized in October of 1999. On April 28,
2000 the Company sold $4.45 million of 7% Senior


                                       11
<PAGE>   12

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                     AND RESULTS OF OPERATIONS - (CONTINUED)


Convertible Debentures due 2004 and interest expense will increase in accordance
with the 7% stated rate of the Debentures and amortization of related debt issue
costs.

SIX MONTHS ENDED JUNE 30, 2000 COMPARED TO SIX MONTHS ENDED JUNE 30, 1999.

     Net Sales. Net sales for the six months ended June 30, 2000 increased 1.5%
to $4,296,796 from $4,233,990 reported during the same period last year. The
increase can be attributed to growth in other revenues, principally consulting
and professional services, and to a modest increase in sales of the Company's
ViewCast streaming servers and encoding systems. These increases were offset by
slight declines in sales of the Company's video capture cards and codecs and VBX
video distribution systems.

     o    Osprey(R) Subsystem Products. During the first six months of 2000,
          sales of Osprey codecs and video capture cards decreased 3.3% over
          1999 levels and represented 68.2% of quarterly revenues compared to
          71.6% of revenues during the first six months of 1999. The decrease
          can be attributed to a decline in sales to one of the Company's major
          OEM partners offset in part by the growth in demand for the Company's
          video capture cards and codec from channel partners in the Pacific Rim
          and Europe. During June 2000, the Company began limited shipments of
          its new Osprey-500 line of video capture cards designed specifically
          for the capture of broadcast-quality digital video for streaming
          media. The Oprey-500DVPro was developed by ViewCast and was optimized
          exclusively to support the Microsoft(R) Windows Media(TM) Format with
          cooperation from Microsoft's Digital Media division. The Company
          expects to see increased subsystem sales for the remainder of 2000,
          much of the increase due to the introduction of the Osprey-500
          products which have increased average selling prices and gross margins
          over existing subsystem products.

     o    ViewCast(R) Streaming and Encoding Systems. During the six months
          ended June 30, 2000, sales of ViewCast streaming and encoding systems
          increased 16.1% to $202,409 from the $174,269 reported during the
          during the first half of 1999. The Company has incorporated its newest
          product offerings, the Osprey-500 and Osprey-200 series of board
          products, into its ViewCast line of streaming server products to
          increase sales volumes during the second half of 2000.

     o    ViewPoint VBX(TM) Video Distribution Systems. Sales of VBX video
          distribution systems for the first half of 2000 declined $99,515 or
          10.8% compared to the same period in 1999. Sales of VBX video
          distribution systems represented 19.0% of total revenues for the six
          months ended June 30, 2000 compared to 21.7% of total revenues during
          the first half of 1999. Although VBX sales during the current period
          have declined slightly over 1999 levels, during June 2000, the Company
          sold VBX equipment to a leading Wall Street investment management
          company in the U.S. and expects additional revenue from this
          institution during the 2nd half of 2000. Demand for VBX systems has
          also increased in Europe and the Company expects sales of its VBX
          systems to increase for the balance of 2000 as new product features
          are added and as new vertical markets are identified and developed.

     o    Other Revenues. Other revenues consisting of software maintenance,
          training, engineering consulting fees and professional services
          amounted to $345,552 for the six months ended June 30, 2000 and
          represented 8.1% of year-to-date revenues compared to 2.6% of total
          revenues during the six months ended June 30, 1999.


                                       12
<PAGE>   13

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                     AND RESULTS OF OPERATIONS - (CONTINUED)


     Cost of Goods Sold. Cost of goods sold decreased $193,047 to $2,013,202 for
the quarter ended June 30, 2000 compared to the same period in 1999 primarily
due to the introduction of new subsystem products with higher gross margins and
increased manufacturing efficiencies. Gross profit margin for the six months
ended June 30, 2000 was 53.1%, representing an increase from the 47.9% margin
reflected in the same period in 1999. The Company anticipates that, over
extended periods, its margins will remain in the range of 46% - 53%.

     Selling, General and Administrative Expense. Selling, general and
administrative expenses increased from $3,418,191 during the six months ended
June 30, 1999 to $4,477,808 during the six months ended June 30, 2000 primarily
due to the addition of eleven new sales employees and associated overhead
expenses since December of 1999. The additional employees consisted of regional
sales managers, vertical market specialists and sales engineers to bolster sales
of its ViewCast streaming/encoding servers, VBX video distribution systems and
Osprey subsystem products. In addition, sales expenses were much reduced during
the first half of 1999 due to workforce reductions and restructuring efforts
instituted in the fourth quarter of 1998. Likewise, marketing expenses during
the first half of 2000 increased $146,543 or 39.9% over 1999 levels due
primarily to increased promotional expenses associated with introduction of new
products and trade show expenditures.

         Research and Development Expense. During the first half of 2000, total
research and development expenses increased approximately 17.4%, or $288,050,
compared to same period of 1999 as a result of increased spending on the
development and testing of new subsystem products, enhancement and addition of
new features to its already existing system products, and the addition of four
software engineers since December of 1999.

         Other Income (Expense). During the six months ended June 30, 2000,
total other expense decreased by $417,867 to $55,123, primarily due to an
increase in interest income generated from higher average cash and cash
equivalent balances during the current period, and from the elimination of
interest expense associated with the amortization of debt issue costs from
Company's line of credit financing which was fully amortized in October 1999. On
April 28, 2000 the Company sold $4.45 million of 7% Senior Convertible
Debentures due 2004. Accordingly, future interest expense will increase in
accordance with the 7% stated rate of the Debentures and amortization of related
debt issue costs.


LIQUIDITY AND CAPITAL RESOURCES

     The Company's primary sources of funds for conducting its business
activities are from the sale of its debt and equity securities and from
operations. The Company requires liquidity and working capital primarily to fund
operating losses, increases in inventories and accounts receivable associated
with sales growth, development of its products, debt service and capital
expenditures.

         Net cash used in operating activities for the six months ended June 30,
2000 was $4,037,047 due primarily to the $4,520,502 net loss for the period
offset by changes in operating assets and liabilities of $99,244 and non-cash
operating expenses of $384,211.

         Investing activities utilized cash of $320,055 during the six months
ended June 30, 2000 for capital expenditures for computer equipment, test
equipment and purchased software to aid the development and testing of the
Company's products; for demonstration equipment to showcase its products; and
for computers for new-hires added during the first half of the year.


                                       13
<PAGE>   14

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                     AND RESULTS OF OPERATIONS - (CONTINUED)


     During the first half of 2000, the Company received proceeds of $3,683,189
from the exercise of 1,072,245 warrants to purchase 1,091,556 shares of the
Company's common stock at exercise prices ranging from $3.00 to $4.50 per share,
and gross proceeds of $307,799 from the exercise of 97,755 employee stock
options to purchase 97,755 common shares of the Company at exercise prices
ranging from $2.06 to $4.63 per share.

     On April 28, 2000, the Company sold $4,450,000 aggregate principal amount
of 7% Senior Convertible Debentures Due 2004 (the "Debentures") pursuant to a
placing agreement dated March 28, 2000, and amended on April 28, 2000, by and
among the Company and RP&C International Inc. and RP&C International Limited
(the "Lead Managers") at an initial offering price of 100% of the principal
amount thereof, less 8% gross commission. In addition, the Company issued the
Lead Managers a warrant (the "Warrant") on April 28, 2000, in the name of RP&C
International (Guernsey) Limited, pursuant to Regulation S, to purchase an
aggregate of 89,000 shares of Common Stock, at an exercise price of $5.00 per
share, subject to adjustment in the event of adjustment of the Conversion Price
of the Debentures. The Warrant has a term of five (5) years and may be exercised
as to all or any lesser number of shares of Common Stock covered thereby,
commencing twelve (12) months after the date of issuance. Net proceeds to the
Company from the sale of the Debentures were $3,480,154.

    During September of 1998, the Company entered into a strategic business
relationship with TekInsight.com, Inc. ("TEKS"), formerly Tadeo Holdings, Inc.,
that involved a stock purchase agreement whereby the Company acquired 1,240,310
shares of TEKS common stock in exchange for 1,000,000 shares of its Common
Stock. Because all of the TEKS shares held by the Company will be available for
trading under Rule 144 of the Securities and Exchange Commission prior to
December 31, 2000, we have presented those shares at their quoted market price
on the balance sheet as of December 31, 1999 and June 30, 2000. The quoted
market price of TEKS registered common stock at December 31, 1999, June 30, 2000
and July 31, 2000 was $2.75, $2.81 and $2.44 per share, respectively.

    At June 30, 2000, the Company had working capital of $10,747,801 compared to
$7,575,154 at December 31, 1999 and cash and cash equivalents of $7,492,466 at
June 30, 2000 compared to $4,315,980 at December 31, 1999. The Company
experienced a slight sales decline during the first half of 2000 compared to the
first half of 1999, and anticipates that losses will continue during 2000 and
until such time as total profit margins from the sales of its products exceed
its total development, selling, administrative and financing costs. In October
of 1998, the Company entered into a working capital line of credit financing
arrangement for up to $9,000,000 with an entity controlled by one of our
principal stockholders, who is currently our Chairman of the Board. The
availability of funds under this facility is subject to certain borrowing base
limitations based principally on outstanding accounts receivable and inventory.
As of June 30, 2000, the Company had utilized $2.41 million of this facility and
may further utilize the facility to fund future growth. The line of credit
facility expires in October of 2000, and the Company is currently negotiating to
renew the facility.

    The Company believes that it has cash, cash equivalents and marketable
securities on hand are adequate to meet its working capital requirements for the
next ten to twelve months. During the remainder of 2000, the Company expects to
significantly increase its sales, marketing and public relations efforts to
promote both its new and existing product offerings. Depending on future
business opportunities, product development, marketing requirements and sales
performance, the Company's plans may change or prove to be inaccurate.
Therefore, the Company may be required to raise additional capital sooner than
currently anticipated. Additional financing could include the issuance of
convertible debt, convertible preferred stock or other equity securities in
exchange for a cash investment in the Company. There can be no assurance that
any such additional financing will be available to us on acceptable terms, or at
all. Additional equity financing may involve substantial dilution to our then
existing stockholders. In the event we are unable to raise additional capital,
we may be required to substantially reduce or curtail our activities.


                                       14
<PAGE>   15

                       VIEWCAST.COM, INC. AND SUBSIDIARIES
                                OTHER INFORMATION


PART II: OTHER INFORMATION

         Item 1. Legal Proceedings
                 (Not Applicable)

         Item 2. Changes in Securities
                 (Not Applicable)

         Item 3. Defaults Upon Senior Securities
                 (Not Applicable)

         Item 4. Submission of Matters to a Vote of Security Holders
                 (Not Applicable)

         Item 5. Other Information
                 (None)

         Item 6. Exhibits and Reports on Form 8-K
                 (a) Exhibits filed with this report:
                         Exhibit 27: Financial Data Schedule

                 (b) Reports on Form 8-K
                         On May 5, 2000, the Company filed a Form 8-K describing
                         the terms and conditions of the sale of $4.45 million
                         aggregate principal amount of 7% Senior Convertible
                         Debentures due 2004.


                                       15
<PAGE>   16

                                   SIGNATURES



In accordance with the requirements of the Exchange Act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                     ViewCast.com, Inc.
                                     ------------------
                                     (registrant)




                                     BY:

Date: August 14, 2000                /s/ Laurie L. Latham
                                     --------------------
                                     Laurie L. Latham
                                     Chief Financial Officer
                                     Principal Financial Officer


                                       16
<PAGE>   17

                                 EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER                        DESCRIPTION
-------                       -----------
<S>                      <C>
  27                     Financial Data Schedule
</TABLE>