| JetFax, Inc. | |||
| (www.jetfax.com) | |||
| Ticker: | JTFX | 1376 Willow Road | |
| Exchange: | NASDAQ-National Market | Menlo Park, CA 94025 | |
| Industry: | High-Tech (SIC Code 3577) | (415) 324-0600 | |
| Type of Shares: | Common Shares | Filing Date: | 3/21/97 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 6/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 2,750,000 | Offer Price: | $8.00 | |
| Secondary Shares: | 750,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $31,500,000 | Selling: | $0.33 | |
| Expenses: | $800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,685,148 |
| Manager | Tier | Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Issuer's Law Firm: | General Counsel |
| Bank's Law Firm: | Orrick, Herrington & Sutcliffe |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | American 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: | $13.19 | $10.21 | $7.34 | Assets: | $6.12 |
| Net Income: | -$2.93 | -$1.04 | -$2.71 | Curr Assets: | |
| EPS: | -$0.14 | Liabilities: | $3.18 | ||
| Prior EPS: | -$3.52 | -$0.46 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$2.41 | Equity: | $2.94 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a developer and provider of integrated embedded system technology, branded products and desktop products and desktop solutions for the multifunction product market. The company focuses on two distinct segments of the MFP market: the small office/home office segment and the corporate segment. According to CAP Ventures, Inc., the total United States market for mFPs is expected to increase from approximately $1.9 billion in 1996 to $7.6 billion in 2000, representing a compound annual growth rate of more than 40%. Drivers of this growth include the increasing number of SOHO offices and telecommuters, the rising demand for cost, space and production efficiency and the expanding volume of information conveyed through fax, the Internet and e-mail. Rather than making several trips to a fax or copier, queuing for a particular office device or purchasing and maintaining multiple single-function office devices, today's office workers can perform print, fax, copy and scan functions with one device that provides nearly seamless document management directly from their desktops. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for redemption of Series P redeemable preferred stock, payment of acquisition obligations, repayment of indebtedness, working capital and general corporate purposes. |