| H.T.E., Inc. | |||
| Ticker: | HTEI | 390 North Orange Avenue, Suite 2000 | |
| Exchange: | NASDAQ-National Market | Orlando, FL 32801 | |
| Industry: | Service (SIC Code 7389) | (407) 841-3235 | |
| Type of Shares: | Common Shares | Filing Date: | 2/28/97 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 6/11/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,950,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 550,000 | Gross Spread: | $0.77 | |
| Offering Amount: | $30,000,000 | Selling: | $0.46 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,313,651 |
| Manager | Tier | Phone |
| Volpe, Welty & Company | Lead Manager | (415) 274-4463 |
| Janney Montgomery Scott | Co-manager | (215) 665-6520 |
| Issuer's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Bank's Law Firm: | Foley & Lardner |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
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 | ||
| 3/31/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $30.20 | $28.69 | $20.67 | Assets: | $24.78 |
| Net Income: | $0.30 | $0.83 | -$0.86 | Curr Assets: | |
| EPS: | $0.05 | $0.15 | -$0.16 | Liabilities: | $25.50 |
| Prior EPS: | $0.11 | $2.12 | -$0.89 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.10 | Equity: | -$0.72 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, markets, implements and supports fully-integrated enterprise-wide software applications designed specifically for public sector organizations, including state, county and city governments, other municipal and publicly owned utilities For the past 15 years, the company has focused its applications, business and marketing exclusively on the public sector and has established itself as a market leader. The company's fully-integrated enterprise-wide software applications are designed to enable public sector organizations to improve delivery of services, reduce costs, enhance revenue collection, operate successfully within budgetary constraints, comply with government regulations and improve overall operating efficiencies. The company's Total Enterprise Solution currently includes 35 applications addressing four functional areas: financial management, community services, public safety and utility management. The company's products operate as integrated suites of applications or as stand-alone applications and function with a variety of computer and network hardware, operating systems, database software and desktop applications provided by other vendors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, working capital and other general corporate purposes and potential acquisitions. |