| Metrika Systems Corporation | |||
| Ticker: | MKA | 5788 Pacific Center Boulevard | |
| Exchange: | American Stock Exchange | San Diego, CA 92121 | |
| Industry: | Manufacturing (SIC Code 3823) | (619) 450-9649 | |
| Type of Shares: | Common Shares | Filing Date: | 4/15/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 6/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.50 - $18.50 | |
| Primary Shares: | 2,000,000 | Offer Price: | $15.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.01 | |
| Offering Amount: | $34,000,000 | Selling: | $0.59 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 14,935,667 |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Cazenove Inc. | Co-manager | (212) 376-1225 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Issuer's Law Firm: | General Counsel |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $52.05 | Assets: | $66.77 | ||
| Net Income: | $3.85 | Curr Assets: | |||
| EPS: | $0.37 | Liabilities: | $41.91 | ||
| Prior EPS: | $0.28 | Curr Liabilities: | |||
| Cash Flow/Oper: | $7.81 | Equity: | $24.86 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, manufactures and markets on-line industrial process optimization systems that employ proprietary ultra-high speed advanced scientific measurement technologies. The company pioneered the development of process optimization systems that provide real-time, non-destructive analysis of the composition of raw materials in basic materials production processes, including coal, cement and minerals. The company also manufactures advanced systems which are used to measure and control parameters such as metal strip, rubber and plastic foils. The company is a technological leader in quality control systems used primarily for Hot Dip Galvanized lines and tomographic thickness profile gauges, Customers use these systems to improve product quality and consistency, lower material costs, reduce energy consumption and minimize waste. The company believes that the current total annual worldwide market for process optimization instruments and systems is in excess of $2 billion. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including possible acquisitions and research and development funding. |