| Quantum Epitaxial Designs, Inc. | |||
| Proposed Ticker: | QEDI | 119 Technology Drive | |
| Exchange: | NASDAQ-National Market | Bethleham, PA 18015 | |
| Industry: | High-Tech (SIC Code 3674) | (610) 861-6930 | |
| # of Employees: | 48 | ||
| Type of Shares: | Common Shares | Filing Date: | 10/8/97 | |
| U.S. Shares Filed: | 2,250,000 | Filing Range: | $8.00 - $10.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $20,250,000 | |
| Primary Shares: | 2,000,000 | Expenses: | - | |
| Secondary Shares: | 250,000 | Shares Out After: | 5,423,424 |
| Manager | Tier | Phone |
| Needham & Company | Lead Manager | (212) 705-0344 |
| Janney Montgomery Scott | Co-manager | (215) 665-6520 |
| Issuer's Law Firm: | Pepper Hamilton & Scheetz |
| Bank's Law Firm: | Saul, Ewing, Remick & Saul |
| Auditor: | Arthur Andersen |
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 | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $5.25 | $4.14 | $2.67 | Assets: | $9.39 |
| Net Income: | -$0.06 | -$0.33 | -$0.23 | Curr Assets: | $2.24 |
| EPS: | -$0.03 | -$0.14 | Liabilities: | $5.59 | |
| Prior EPS: | $0.23 | $0.48 | Curr Liabilities: | $2.56 | |
| Cash Flow/Oper: | $0.30 | $1.42 | $0.05 | Equity: | $3.80 |
| Cash Flow/Fin: | $2.82 | -$0.40 | -$3.01 | Cash: | $0.34 |
| Cash Flow/Inv: | -$2.21 | -$0.40 | Working Cap: | -$0.32 | |
| Business Description |
| The company designs, develops and manufactures compound semiconductor materials using molecular beam epitaxy and is a leading producer of gallium arsenide based epitaxial wafers supplied to the semiconductor device manufacturing industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay bank debt, purchase capital equipment and for general corporate purposes including working capital and possible acquisitions. |