| Ticker: KVHI | 110 Enterprise Center | |
| Exchange: NASDAQ-National Market | Middletown, Rhode Island 02842 | |
| Industry: Manufacturing | (401) 847-3327 |
| Type of Shares: | Common Shares | Filing Date: | 2/12/96 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 4/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $6.50 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.46 | |
| Offering Amount: | $23,100,000 | Selling: | $0.26 | |
| Expenses: | $850,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,784,790 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $14.15 | Assets: | $7.93 | ||
| Net Income: | $1.19 | Liabilities: | $4.28 | ||
| EPS: | $0.21 | Equity: | $3.65 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, manufactures and markets digital navigation systems and mobile satellite communication products for use in commercial, military and marine applications. The company's digital navigation systems utilize the company's proprietary autocalibration and applications software along with its advanced sensor technology to provide users with accurate, real-time heading, orientation and position information. In 1993, the company entered the emerging market for mobile satellite communications by introducing an active-stabilized antenna-aiming system that draws upon the company's proprietary software and sensor technology. The company recently introduced TracVision, a complete system for receiving DirecTv and USSB direct broadcast satellite television at sea. The company has also entered into an agreement with a unit of American Mobile Satellite Corporation under which the company expects to manufacture turnkey mobile satellite telephone systems for use at sea with AMSC's recently introduced SkyCELL satellite communication service. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes including expansion, research and development. |
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