| Amplidyne, Inc. | |||
| Ticker: | AMPD | 144 Belmont Drive | |
| Exchange: | NASDAQ-Small Cap Market | Somerset, NJ 08873 | |
| Industry: | Manufacturing (SIC Code 3679) | (908) 271-8473 | |
| Type of Shares: | Common Shares | Filing Date: | 8/29/96 | |
| U.S. Shares: | 1,400,000 | Offer Date: | 1/21/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $5.10 | |
| Secondary Shares: | 0 | Gross Spread: | $0.51 | |
| Offering Amount: | $7,000,000 | Selling: | ||
| Expenses: | $514,200 | Reallowance: | ||
| Shares Out After: | 4,050,000 |
| Manager | Tier | Phone |
| Patterson Travis, Inc. | Lead Manager | (212) 837-7340 |
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 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $1.81 | $1.27 | $1.05 | Assets: | $1.49 |
| Net Income: | -$2.02 | -$2.28 | -$0.23 | Curr Assets: | |
| EPS: | -$0.64 | -$0.71 | -$0.07 | Liabilities: | $2.24 |
| Prior EPS: | -$0.05 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$0.75 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, manufactures and sells ultra linear power amplifiers and related subsystems to the worldwide wireless, local loop and satellite uplink telecommunications market. These power amplifiers, which are a key component in cellular base stations, increase the power amplifiers, which are a key component in cellular base stations, increase the power of radio frequency and microwave signals with low distortion, enabling the user to significantly increase the quality and quantity of calls processed by new and existing cellular base stations. The company's wireless telecommunications products consist of solid-state, RF and microwave, single and multi-carrier power amplifiers that support a broad range of analog and digital transmission protocols. The products are marketed to the cellular, wireless local loop and personal communication systems segments of the wireless telecommunications industry. The company's largest wireless telecommunications customers are AT&T;, DSC Communications, Samsung and Goldstar, each of which is an OEM. |
| Competition |
| The ability of the company to compete successfully and sustain profitability depends in part upon the rate of which OEM customers incorporate the company's products into their systems. The company believes that a substantial majority of the present worldwide production of power amplifiers is captive within the manufacturing operations of a small number of wireless telecommunications OEMs and offered for sale as part of their wireless telecommunications systems. The company's future success is dependent upon the extent to which these OEMs elect to purchase from outside sources rather than manufacture their own amplification products. There can be no assurance that OEM customers will incorporate the company's products into their systems or that in general OEM customers will continue to rely, or expand their reliance on external sources of supply for their power amplification products. |
| Business Plan |
| The company's business strategy focuses primarily on the wireless communications market and consists of the following elements: 1) increase penetration of wireless equipment manufacturers; 2) develop relationships with emerging wireless equipment manufacturers; 3) develop products for multiple protocols; 4) maintain a technology leadership position; 5) develop innovative proprietary products; 6) provide support from product design through installation and operation; 7) maintain control of the manufacturing process. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for purchase of test equipment, research and development, the purchase of manufacturing machinery, the repayment of indebtedness, and for working capital purposes. |