| Ticker: KNTK | 2945 Wilderness Place | |
| Exchange: NASDAQ-National Market | Boulder, Colorado 80301 | |
| Industry: High-Tech | (303) 440-5500 |
| Type of Shares: | Common Shares | Filing Date: | 2/26/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 4/17/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,200,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.54 | |
| Offering Amount: | $22,500,000 | Selling: | $0.30 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,824,525 |
| Manager | Tier | Phone |
| Janney Montgomery Scott | Lead Manager | (215) 665-6520 |
| Hanifen, Imhoff Inc. | Co-manager | (303) 296-2300 |
| Auditor: BDO Seidman | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $70.19 | $36.19 | $38.42 | Assets: | $40.36 |
| Net Income: | $5.04 | $3.69 | $3.87 | Liabilities: | $14.85 |
| EPS: | $0.70 | $0.56 | Equity: | $25.51 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is a leading supplier of mid-range, non-impact laser printers and related consumable supplies and spare parts. The mid-range market is characterized by heavy-duty, high-reliability printers that print 30 to 45 pages per minute and 30,000 to 300,000 pages per month. The Company's printers are designed primarily for high-volume printing requirements, including (i) dedicated system applications which include printing invoices, forms and direct mail, (ii) computer network applications for connecting multiple users on a network in order to share a single heavy-duty printer and (iii) print-on-demand applications characterized by the use of a printer rather than a copy machine to generate multiple originals from digitally-stored data on an as-needed basis. The Company is the exclusive supplier of consumable supplies, which consist of the photoconductor, toner, developer, fuser and cleaner, and spare parts for its printers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the development of a new line of high performance printers; to pay a liquidation preference upon conversion of senior convertible preferred stock and for general corporate purposes. |
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