| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Paradigm Geophysical Ltd. |
| 32 Maskit Street, Herzlia, Israel 46120 |
| The company is a leader in seismic depth domain systems, and developer of GeoDepth 2D and 3D depth imaging software. The software generates detailed computer models of the earth's sub-surface geology using large quantities of seismic and well log data. |
| Manager | Tier | Phone |
| Schroder Wertheim & Company, Incorporated | Lead Manager | (212) 492-6900 |
| BancAmerica Robertson Stephens | Co-manager | (415) 989-8500 |
| NASNTL: | PGEOF | High-Tech: | SIC 7372 | |
| Type of Shares: | Ordinary Shares | Filing Date: | 11/10/97 | |
| U.S. Shares: | 3,350,000 | Offer Date: | 6/9/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 3,350,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.49 | |
| Offering Amount: | $21,775,000 | Selling: | $0.25 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 10,414,484 |
| Issuer's Law Firm: | Fulbright & Jaworski |
| Bank's Law Firm: | Kaye, Scholer, Fierman, Hays & Handler |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $11.60 | $11.99 | $8.63 | Assets: | $22.73 |
| Net Income: | -$5.37 | $0.22 | -$1.99 | Curr Assets: | $10.04 |
| EPS: | -$1.85 | $0.03 | -$0.69 | Liabilities: | $9.62 |
| Prior EPS: | -$0.54 | Curr Liab: | $8.08 | ||
| Cash Flow/Oper: | -$1.51 | $0.62 | -$1.51 | Equity: | $13.11 |
| Cash Flow/Fin: | $10.71 | $1.49 | $11.20 | Cash: | $2.19 |
| Cash Flow/Inv: | -$2.44 | -$7.05 | -$1.30 | Working Cap: | $1.96 |
| Competition |
| The development, sale and support of software designed to facilitate the exploration and development of oil and natural gas reserves is a highly competitive business. The company believes that it has three major competitors worldwide: GeoQuest, a division of Schlumberger Ltd.; Landmark Graphics Corporation, a subsidiary of Haliburton Company; and Western Geophysical, a division of Western Atlas, Inc. Since these competitors are divisions or subsidiaries of multinational industrial enterprises, the company believes they have far greater financial and other resources to the development of technology and utilize their relationships to gain an advantage in the future. The company also faces include product quality, first-to-market product capabilities, product performance, ease of use, price, customer support and reputation for dependability. |
| Business Plan |
| The company's strategy for achieving these objectives includes the following key elements: (I) Retain and Leverage Technological Leadership, (ii) Provide Integrated Software Solutions, (iii) Expand Geophysical Consulting Services and (iv) Emphasize Customer Support. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, fund the growth of consulting services offered, for working capital and potential acquisitions. |