| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Balance Bar Company |
| 1015 Mark Avenue, Carpinteria, CA 93013 * (805) 566-0234 |
| The company develops and markets branded food and beverage products in convenient, good-tasting, balanced nutritional formulations that appeal to a broad customer base. |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Adams, Harkness & Hill | Co-manager | (617) 371-3705 |
| NASNTL: | BBAR | Wholesale: | SIC 5149 | |
| Type of Shares: | Common Shares | Filing Date: | 4/8/98 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 6/1/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,400,000 | Offer Price: | $10.50 | |
| Secondary Shares: | 1,000,000 | Gross Spread: | $0.74 | |
| Offering Amount: | $26,400,000 | Selling: | $0.40 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 10,700,000 | |||
| Employees: | 59 |
| Issuer's Law Firm: | O'Melveny & Meyers |
| Bank's Law Firm: | Brobeck, Phleger & Harrison |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $39.63 | Assets: | $10.80 | ||
| Net Income: | $1.66 | Curr Assets: | $9.44 | ||
| EPS: | $0.90 | Liabilities: | $6.69 | ||
| Prior EPS: | $1.04 | Curr Liab: | $6.46 | ||
| Cash Flow/Oper: | -$1.17 | Equity: | $4.10 | ||
| Cash Flow/Fin: | $1.25 | Cash: | $0.09 | ||
| Cash Flow/Inv: | -$1.11 | Working Cap: | $2.97 | ||
| Competition |
| Competition in the diverse consumer markets in which the Company competes is based on a wide variety of factors, including taste, perceived nutritional benefits, convenience, quality, brand recognition, and price. Many of the Company's competitors are large, multinational companies with well established, branded products, and significantly greater financial, distribution, and marketing resources than the Company, including large advertising and promotion budgets. These competitors may also have a significantly greater ability to influence or control product placement in retail stores. In each retail outlet, many products compete for limited shelf space. The Company's continued success will depend in part upon its ability to provide competitive promotional discounts, slotting allowances, and point-of-purchase displays, as well as the quality of its packaging. |
| Business Plan |
| The Company's goal is to become a recognized leader in providing nutritious, good tasting and convenient snack and meal replacement products for a wide variety of consumer needs. Its growth strategy is to: (I) Position Balance Products as Good Tasting, Nutritious Snacks and Meal Replacements, (ii) Expand Consumer Base and Brand Awareness Through Increased Advertising and Promotional Activities, (iii) Expand Distribution, (iv) Focus on In-store Promotion and Marketing, (v) Continue to Promote the Nutritional Qualities of Balance Products, (vi) Introduce New Products and Product Line Extensions and (vii) Acquire Complimentary Companies or Product Lines. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to retire short and long term debt and for working capital and for general corporate purposes which could include the acquisition of companies or product lines. |