| Ticker: AFIS | 1250 North Tustin Avenue | |
| Exchange: NASDAQ-National Market | Anaheim, California 92807 | |
| Industry: High-Tech | (888) 321-2347 |
| Type of Shares: | Common Shares | Filing Date: | 5/6/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 7/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 500,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $25,000,000 | Selling: | $0.32 | |
| Expenses: | $770,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,433,200 |
| Manager | Tier | Phone |
| Robertson, Stephens & Company | Lead Manager | (415) 989-8500 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $35.81 | Assets: | $32.95 | ||
| Net Income: | $1.84 | Liabilities: | $18.52 | ||
| EPS: | $0.24 | Equity: | $14.43 | ||
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 and manufactures automated fingerprint identification systems (AFIS) primarily for use in law enforcement applications, as well as in emerging applications in civil and commercial markets. The company believes that it is a leading worldwide supplier of AFIS systems, that it has developed some of the most advanced AFIS technology in the industry, and that it has sold systems which control more AFIS databases than any other company in the world. The company has been a leader in the development of AFIS technology since its inception as a division of Rockwell International, delivering the world's first commercially available automated fingerprint systems to the FBI in 1975, and launching a series of product innovations since that time, including the development and introduction of the world's first distributed real-time AFIS systems in 1994. The company's AFIS systems have been sold in over 20 countries and are being utilized by over 150 local, state and federal agencies. For the fiscal year ended March 31, 1996, the company had total revenues of $45.7 million. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay certain debt, undertake capital expenditures, pursue acquisitions and increase funds for working capital. |
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