| Axiom, Inc. | |||
| Ticker: | AXIM | 351 New Albany Road | |
| Exchange: | NASDAQ-National Market | Moorestown, NJ 08057 | |
| Industry: | Manufacturing (SIC Code 3669) | (609) 866-1000 | |
| Type of Shares: | Common Shares | Filing Date: | 4/18/97 | |
| U.S. Shares: | 2,600,000 | Offer Date: | 7/7/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,600,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $31,200,000 | Selling: | $0.48 | |
| Expenses: | $925,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,076,900 | |||
| Spin out parent firm: | Securicor Communications, Inc. | |||
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-0517 |
| Issuer's Law Firm: | Wolf, Block, Schorr and Solis-Cohen |
| Bank's Law Firm: | Chadbourne & Parke |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | StockTrans, 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 | ||
| 9/30/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $31.64 | $10.92 | $8.74 | Assets: | $23.52 |
| Net Income: | $2.19 | -$2.50 | -$1.96 | Curr Assets: | |
| EPS: | $0.49 | -$0.45 | Liabilities: | $16.71 | |
| Prior EPS: | -$2.22 | Curr Liabilities: | |||
| Cash Flow/Oper: | -$2.51 | Equity: | $6.81 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leader in providing comprehensive billing data collection solutions to providers of local, long-distance and other advanced telecommunications services. The company's largest customers include Regional Bell Operating Companies, such as Ameritech Corporation, Southwestern Bell Telephone Company and US West, Inc., and international providers of telecommunications services such as Telecom Argentina. The company develops, markets and supports integrated hardware and software systems that are able to collect and process an increasing volume of transaction information from a wide variety of wireline telecommunications switches and transmit this information to the customer's information management networks. The company also is developing systems that process transaction information from wireless, asynchronous transfer mode and other specialized telecommunications switches. The company's customers use this information to bill their subscribers, to implement customized marketing programs and to perform other data management functions. The company also provides traffic management solutions to telecommunications companies such as TELSEP, a Brazilian telecommunications service provider. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness from, and pay a special dividend to. Securicor; for product development; to enhance international sales, marketing and support efforts; and for working capital and other general corporate purposes. |