| QAD, Inc. | |||
| Ticker: | QADI | 6450 Via Real | |
| Exchange: | NASDAQ-National Market | Carpinteria, CA 93013 | |
| Industry: | High-Tech (SIC Code 7372) | (805) 684-6614 | |
| Type of Shares: | Common Shares | Filing Date: | 6/3/97 | |
| U.S. Shares: | 4,600,000 | Offer Date: | 8/5/97 | |
| Non-U.S. Shares: | 1,150,000 | Filing Range: | $15.00 - $16.00 | |
| Primary Shares: | 5,750,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $89,125,000 | Selling: | $0.63 | |
| Expenses: | $1,800,000 | Reallowance: | $0.10 | |
| Shares Out After: | 28,274,234 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Issuer's Law Firm: | Milbank, Tweed, Hadley & McCloy |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | Firstar Bank Milwaukee, N.A. |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/97 | 4/30/97 | 4/30/96 | 4/30/97 | ||
| Revenue: | $126.44 | $32.07 | $20.12 | Assets: | $81.19 |
| Net Income: | $1.00 | $0.56 | -$7.32 | Curr Assets: | |
| EPS: | $0.04 | $0.02 | -$0.33 | Liabilities: | $70.24 |
| Prior EPS: | -$0.03 | -$2.05 | -$0.01 | Curr Liabilities: | |
| Cash Flow/Oper: | $6.66 | Equity: | $10.95 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading provider of Enterprise Resource Planning software for multinational and other large manufacturing companies. The company's software solutions are designed to facilitate global management of resources and information to allow manufacturers to reduce order fulfillment cycle times and inventories, improve operating efficiencies and measure critical company performance criteria against defined business plan objectives. The flexibility of the company's products also helps manufacturers adapt to growth, organizational change, business process reengineering, supply chain management and other challenges. The companies principal product, MFG/PRO software, is specifically designed fore deployment at the plant or division level of global manufacturers in five targeted industry segments -- industrial/electronics, food/beverage, consumer packaged goods, medical and automotive. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, to fund capital and other investments and for working capital and general corporate purposes. |