| Ticker: EVSNF | New Industrial Park, Post Office Box 140 | |
| Exchange: NASDAQ-National Market | Yoqneam, Foreign | |
| Industry: Manufacturing |
| Type of Shares: | Ordinary Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 7/3/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $20,000,000 | Selling: | $0.30 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,666,667 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7402 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $10.12 | $3.40 | $2.24 | Assets: | $13.77 |
| Net Income: | -$0.03 | -$0.01 | -$0.10 | Liabilities: | $14.78 |
| EPS: | $0.00 | $0.00 | -$0.02 | Equity: | -$1.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Elbit Vision Systems Ltd. designs, develops, manufactures, markets and supports automatic vision inspections and quality monitoring systems. The company's systems are designed to increase the accuracy, consistency and speed of the detection and identification of defects in the manufacturing process in order to reduce labor costs, improve product quality and increase manufacturing efficiency. The company's systems are based upon its core "vision interpretation" technology which uses sophisticated object-oriented algorithms to distinguish between inherent product imperfections and unacceptable product defects and to determine the overall quality level of a product based on prescribed parameters. The company's first application of its core technology is a family of automatic fabric inspection and quality monitoring systems for the textile industry. |
| Use of Proceeds |
| The proceeds from the offering will be used for payment of certain obligations to Elbit, working capital and other general corporate purposes. |
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