| Radiant Systems, Inc. | |||
| (www.radiantsystems.com) | |||
| Ticker: | RADS | 1000 Alderman Drive, Suite A | |
| Exchange: | NASDAQ-National Market | Alpharetta, GA 30202 | |
| Industry: | High-Tech (SIC Code 7373) | (770) 772-3000 | |
| Type of Shares: | Common Shares | Filing Date: | 12/12/96 | |
| U.S. Shares: | 2,900,000 | Offer Date: | 2/12/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 400,000 | Gross Spread: | $0.67 | |
| Offering Amount: | $29,000,000 | Selling: | $0.38 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,983,701 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 895-2700 |
| Deutsche Morgan Grenfell | Co-manager | (212) 469-5600 |
| Robinson-Humphrey Company, Inc., The | Co-manager | (404) 266-6450 |
| Issuer's Law Firm: | Smith, Gambrell & Russell |
| Bank's Law Firm: | Alston & Bird |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $15.88 | $19.99 | $10.81 | Assets: | $10.01 |
| Net Income: | -$1.15 | -$0.25 | -$0.92 | Curr Assets: | |
| EPS: | -$0.10 | -$0.02 | Liabilities: | $13.50 | |
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | -$3.49 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides enterprise-wide technology solutions to selected vertical markets within the retail industry. The company offers fully integrated retail automated solutions including point of sales systems and consumer activated ordering systems. The company's products enable retailers to interact electronically with consumers, capture data at the point of sale, manage site operations and logistics and communicate electronically with their sites, vendors and credit networks. In addition, the company offers systems planning,design and implementation services that tailor the automation solution to each retailer's specifications. The company believes that its site solutions are easy to implement, typically requiring less than a week to install and a few hours to train individual users. The company is currently a leading provider of integrated retail automation solutions to the convenience store market and has a growing presence in the entertainment market through its PrysmTech joint venture. In addition,the company intends to expand its presence in the quick service restaurant market in 1997. |
| Competition |
| In marketing its technology solutions, the company faces intense competition, including internal efforts by potential customers. The company believes the principal competitive factors are product quality, reliability, performance, price, vendor and product reputation, financial stability, features and functions, ease of use, quality of support and degree of integration effort required with other systems. Within the convenience store market, the company believes it is the only integrated solution provider of POS, back office and headquarters management systems. |
| Business Plan |
| The company's objective is to be the leading worldwide provider of enterprise-wide technology solutions to the vertical retail markets it serves. The company is pursuing the following strategies to achieve this objective: 1) expand existing position in selected markets; 2) introduce new products to current markets; 3) continue to develop sales and services infrastructure; 4) expand markets for the company's solutions; 5) attract and retain outstanding personnel. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, repurchase of outstanding shares of common stock and general corporate purposes including working capital. |