| Ticker: VSAT | 2290 Cosmos Court | |
| Exchange: NASDAQ-National Market | Carlsbad, California 92009 | |
| Industry: Manufacturing | (619) 438-8099 |
| Type of Shares: | Common Shares | Filing Date: | 10/1/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 12/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,650,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 550,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $24,200,000 | Selling: | $0.30 | |
| Expenses: | $650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,525,342 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| Needham & Company | Co-manager | (212) 371-8300 |
| Unterberg Harris | Co-manager | (212) 888-5609 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $29.02 | $9.73 | $6.77 | Assets: | $13.25 |
| Net Income: | $1.63 | $0.48 | $0.54 | Liabilities: | $7.54 |
| EPS: | $0.27 | $0.08 | Equity: | $5.71 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, produces and markets advanced digital satellite telecommunications and wireless signal processing equipment. The company has achieved ten consecutive years of internally generated revenue growth and nine consecutive years of profitability, primarily through defense-related applications. More recently, the company has been developing and marketing its technology through strategic alliances for emerging commercial markets, such as rural technology through strategic alliances for emerging commercial markets, such as rural telephony, alternative carrier access and Internet/Intranet access by satellite to multiple servers. The company is a leading provider of Demand Assigned Multiple Access technology, which allows a large number of Very Small Aperture Terminal subscribers to economically share common satellite transponders for high-performance voice, fax or data communications. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.