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Scientific Learning Corporation
1995 University Avenue, Suite 400, Berkeley, CA 94704 * (510) 665-9700
Business Description The company develops, markets and sells proven neuroscience-based education and training programs designed to increase human learning and performance.
Offering
Information

Company has
gone public

Trading As  SCIL (NASNTL) Industry  Service (SIC 8249)
Type of Stock Offered  Common Shares Filing Date  06/10/1998
Domestic Shares Offered  2,300,000 Offer Date  07/21/1999
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  2,300,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $36,800,000 Selling  $0.660
Expenses  - - Reallowance  $0.100
Post-IPO Shares  10,341,600 Employees  82
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead Manager (212) 449-4600
Pacific Growth Equities Co-manager (415) 274-6800
Thomas Weisel Partners LLC Co-manager (415) 364-2500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data     12/31/1996 12/31/1997 12/31/1998 03/31/1998 03/31/1999
Revenues   - - 0.000 2.962 5.166 0.647 1.340
Income from Oper.   - - -2.611 -5.135 -9.918 -1.768 -3.625
Net Income   - - -2.497 -5.058 -10.748 -1.748 -3.537
E.P.S   - - - - - - -
Revenue Growth (%)      - - - 74.409   107.11
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -6.77 -1.35 -3.66
Cash Flow - Inv.     -0.63 -0.04 -0.26
Cash Flow - Fin.     11.06 -0.03 4.80
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    10.42 Current Assets    8.69 Current Ratio    2.36
Total Liab.    3.98 Current Liab.    3.68 Debt Ratio    38.17%
Total Equity    6.44 Working Cap.    5.00 Debt to Equity Ratio    0.62
Cash    7.25    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for sales and marketing, research and development, repayment of indebtedness and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Brobeck, Phleger & Harrison
Registrar/Transfer Agent  BankBoston
Auditor  Ernst & Young
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Last updated: 09/29/1999 3:52:22 AM
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