| DTM Corporation | |||
| Ticker: | DTMC | 1611 Headway Circle | |
| Exchange: | NASDAQ-National Market | Austin, TX 78754 | |
| Industry: | Manufacturing (SIC Code 3559) | (512) 339-2922 | |
| Type of Shares: | Common Shares | Filing Date: | 5/21/96 | |
| U.S. Shares: | 3,039,000 | Offer Date: | 5/2/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $9.00 | |
| Primary Shares: | 2,849,732 | Offer Price: | $8.00 | |
| Secondary Shares: | 189,268 | Gross Spread: | $0.56 | |
| Offering Amount: | $25,831,500 | Selling: | $0.30 | |
| Expenses: | $468,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,085,188 | |||
| Spin out parent firm: | BFGoodrich Co. | |||
| Manager | Tier | Phone |
| A.G. Edwards & Sons, Inc. | Lead Manager | (314) 955-3039 |
| Ladenburg, Thalmann & Co. Inc. | Co-manager | (212) 409-2300 |
| Issuer's Law Firm: | Vinson & Elkins |
| Bank's Law Firm: | Gardere & Wynne |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $14.21 | $5.33 | $2.01 | Assets: | $13.21 |
| Net Income: | -$4.00 | -$0.57 | -$1.33 | Curr Assets: | |
| EPS: | -$0.52 | -$0.07 | -$0.17 | Liabilities: | $17.68 |
| Prior EPS: | -$0.54 | -$1.56 | Curr Liabilities: | ||
| Cash Flow/Oper: | Equity: | -$4.47 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| DTM Corporation develops, designs, manufactures, markets and supports, on an international basis, rapid prototyping and rapid tooling systems and related materials. The Company's selective laser sintering systems ("Systems") and materials are based on proprietary and patented selective laser sintering technology. Rapid prototyping is the creation of a solid three-dimensional model, prototype or pattern directly from three-dimensional computer aided design ("CAD") data. Rapid tooling is the creation of durable tooling from CAD data that can be subsequently employed to produce substantial quantities of parts for market introduction of a product. Use of the Company's SLS Systems significantly reduces the time required to produce models and prototypes for testing actual product fit and form, ergonomic design and functionality from what otherwise could be months or weeks to days or, in some cases, hours. The Company's SLS Systems are used to accelerate the design, development and market introduction of products in a wide range of industries, including but not limited to the automotive, aerospace, medical, electronics, telecommunications, computer, appliance, footwear, toy and power tool industries. |
| Competition |
| The market for rapid prototyping systems and materials is highly competitive. Several United States-based companies other than DTM are in various stages of developing and marketing rapid prototyping systems and services. These companies include 3D Systems Corporation, BPM Technology, Inc., Helisys, Inc., Sanders Prototype, Inc., Soligen Technologies. And Stratasys, Inc. Of these, 3D Systems, Helisys and Stratasys compete with DTM on a worldwide basis. |
| Business Plan |
| Since its inception, the company's focus has been on the development and improvement of the SLS Systems and related materials. The company believes that it is positioned to capitalize on its competitive advantages through the following strategies: 1) increase share of existing market applications; 2) capitalize on RAPIDTOOL process capability; 3) expand selective laser sintering materials offerings; 4) broaden SLS system product line; 5) expand distribution network. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire existing bank debt and borrowings from BFGoodrich and to fund working capital, research and development activities and expansion of the Company's distribution network. |