| Ticker: COMD | ||
| Exchange: NASDAQ-Small Cap Market | Tucson, Arizona | |
| Industry: High-Tech |
| Type of Shares: | Common Shares | Filing Date: | 7/29/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 8/28/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $8.50 | |
| Primary Shares: | 1,000,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.42 | |
| Offering Amount: | $7,500,000 | Selling: | $0.23 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,598,600 |
| Manager | Tier | Phone |
| RvR Securities Corp. | Lead Manager | (415) 399-4390 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $3.91 | $3.18 | $2.18 | Assets: | $1.15 |
| Net Income: | -$0.79 | -$0.36 | -$0.15 | Liabilities: | $2.37 |
| EPS: | -$0.38 | -$0.14 | -$0.08 | Equity: | -$1.22 |
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 provider of software that enables healthcare clinicians to access medical images and clinical information at any point of care. The company pioneered the use of personal computer software in the point-to-point, on-call teleradiology market, with the introduction of its PC Teleradiology product. In response to the increasing acceptance of teleradiology and increasing demand for multi-user and multi-access off-site teleradiology systems, the company introduced its iNET product line in late 1994. The company plans to enter the larger clinical information market with its release of ClinicalWare in late 1996. ClinicalWare is an Internet/Intranet software solution which provides enterprise-wide, secure electronic access through a Web browser to a clinical information systems at any point of care. In recent years, healthcare expenditures in the United States have increased rapidly, exceeding $1 trillion in 1995. A significant source of these increasing costs can be attributed to the inefficiencies of traditional healthcare delivery systems and processes. The implementation of medical image management systems and other healthcare information systems helps providers deliver quality healthcare in a more efficient manner. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, repayment of debt and general corporate purposes, including research and development and expansion of marketing and sales activities. |
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