| Ticker: HELI | 24015 Garnier Street | |
| Exchange: NASDAQ-National Market | Torrance, California 90505 | |
| Industry: Manufacturing | (310) 891-0600 |
| Type of Shares: | Common Shares | Filing Date: | 11/9/95 | |
| U.S. Shares: | 1,200,000 | Offer Date: | 3/7/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $8.50 | |
| Primary Shares: | 1,200,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.41 | |
| Offering Amount: | $10,200,000 | Selling: | $0.21 | |
| Expenses: | $536,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,900,000 |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 7/31/95 | 10/31/95 | 10/31/94 | 10/31/95 | ||
| Revenue: | $11.48 | $4.18 | $2.60 | Assets: | $7.41 |
| Net Income: | $0.51 | $0.32 | $0.25 | Liabilities: | $5.58 |
| EPS: | $0.19 | $0.12 | $0.09 | Equity: | $1.83 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, develops, manufactures and markets rapid prototyping systems and sells the sheet-form materials and other supplies used with its systems. Rapid prototyping systems are used in conjunction with three-dimensional computer-aided design workstations and other platforms allow manufacturers, design engineering firms and other businesses to automatically create physical models, industrial patterns and prototypes directly from the computer-generated design. By significantly reducing the time and effort required to produce complex models and prototypes, rapid prototyping systems have been used in the design and development of products ranging from golf club heads to automobile engine blocks. The company's rapid prototyping systems utilize the company's Laminated Object Manufacturing technology (LOM). In the LOM process, a computer image of the solid object is converted into a collection of images representing the object's cross-section. The LOM system then uses a laser beam to sequentially cut these cross-sections out of layers of sheet-form material, such as paper or plastic film. |
| Use of Proceeds |
| The company anticipates using the net proceeds of the offering to finance new product development and product enhancements, increase international distribution, fund research and development, acquire manufacturing equipment, office equipment and furnishings, fund marketing programs, expand the company's manufacturing and distribution facility, repay outstanding indebtedness and for working capital and other general corporate purposes, which may include strategic acquisitions of or investments in complementary businesses, products or technologies. |
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