| Laser Power Corporation | |||
| Ticker: | LPWR | 12777 High Bluff Drive | |
| Exchange: | NASDAQ-National Market | San Diego, CA 92130 | |
| Industry: | Manufacturing (SIC Code 3827) | (619) 755-0700 | |
| Type of Shares: | Common Shares | Filing Date: | 4/2/97 | |
| U.S. Shares: | 2,450,000 | Offer Date: | 6/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $8.50 | |
| Primary Shares: | 2,000,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 450,000 | Gross Spread: | $0.40 | |
| Offering Amount: | $18,375,000 | Selling: | $0.22 | |
| Expenses: | $912,500 | Reallowance: | $0.10 | |
| Shares Out After: | 6,202,354 |
| Manager | Tier | Phone |
| Cruttenden Roth Incorporated | Lead Manager | (800) 678-9147 |
| L.H. Friend & Company | Co-manager | (714) 852-9911 |
| Issuer's Law Firm: | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm: | Gray Cary Ware & Freidenrich |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/31/96 | 2/28/97 | 2/29/96 | 2/28/97 | ||
| Revenue: | $18.91 | $11.12 | $8.56 | Assets: | $12.73 |
| Net Income: | -$1.23 | $0.31 | -$1.00 | Curr Assets: | |
| EPS: | -$0.29 | $0.06 | Liabilities: | $7.17 | |
| Prior EPS: | $0.79 | -$0.46 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$0.71 | Equity: | $5.56 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, manufactures and markets high performance laser optics for industrial, medical and military lasers and laser systems. Laser optics are precision lenses, reflectors and mirrors used to reflect, collect and focus laser beams. The company's products are sold to laser system OEMs and end users as original and replacement components in high power CO(2) and other lasers. The company�s core competencies lie in its surface finishing and thin film coatings, which are key elements involved in all high-performance laser optics. The company believes that its expertise in these areas provides it with a significant competitive advantage. The company's customers use high power CO(2) lasers in a variety of industrial processing applications, such as sheet metal cutting, automobile body welding, surface hardening for engine components and scribing and drilling delicate ceramic circuits. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for additions to plant and equipment, repayment of debt, working capital and other general corporate purposes. |