| SCM Microsystems, Inc. | |||
| Ticker: | SCMM | 131 Albright Way | |
| Exchange: | NASDAQ-National Market | Los Gatos, CA 95032 | |
| Industry: | High-Tech (SIC Code 3577) | (408) 370-4888 | |
| Type of Shares: | Common Shares | Filing Date: | 6/12/97 | |
| U.S. Shares: | 2,620,000 | Offer Date: | 10/6/97 | |
| Non-U.S. Shares: | 750,000 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 3,250,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 120,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $40,440,000 | Selling: | $0.51 | |
| Expenses: | $975,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,404,489 |
| Manager | Tier | Phone |
| Cowen & Company | Lead Manager | (212) 495-6000 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Rogers & Wells |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | First National Bank of Boston |
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 | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $16.63 | $4.20 | $2.81 | Assets: | $13.37 |
| Net Income: | -$1.11 | -$0.47 | -$0.50 | Curr Assets: | |
| EPS: | -$0.19 | -$0.08 | Liabilities: | $5.57 | |
| Prior EPS: | -$1.08 | -$0.25 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$1.67 | Equity: | $7.80 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company designs, develops and manufactures hardware, firmware and software products for data security and access control applications. The company sells to OEM computer, telecommunications and digital video broadcasting component manufacturers. The compnany's objective is to leverage its expertise in PCMCIA and smart card technologies and its extensible, upgradable smart card token-based security architecture to capitalize on the growing demand for data and network security and the need to control access to digital information. The compnay markets, sells and licenses its products througha direct sales and marketing organization primarily to OEMs and also through distributors, VARs, system integrators and resellers worldwide. OEM customers include Compaq, Dell, France Telecom, IBM, Kirch Group (BetaDigital), Schlumberger, Security Dynamics, Siemens/Nixdorf, Sun Microsystems and Telnor. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness, capital expenditures and general corporate purposes, including working capital. |