| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Network-1 Security Solutions, Inc. |
| 70 Walnut Street, Wellesley Hills, MA 02481 * (781) 239-8280 |
| The company develops, markets, licenses and supports a family of network security software products designed to provide comprehensive security to computer networks including Internet based systems and internal networks and computing resources. |
| Manager | Tier | Phone |
| Whale Securities Company | Lead Manager | (212) 484-2057 |
| NASSCM: | NSSI | Internet: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 7/22/98 | |
| U.S. Shares: | 1,700,000 | Offer Date: | 11/11/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $8.00 | |
| Primary Shares: | 1,700,000 | Offer Price: | $6.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.60 | |
| Offering Amount: | $13,600,000 | Selling: | $0.24 | |
| Expenses: | $958,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 4,508,369 | |||
| Employees: | 22 |
| Issuer's Law Firm: | Bizar Martin & Taub, LLP |
| Bank's Law Firm: | Tenzer, Greenblatt, Fallon & Kaplan |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Eisner, Richard A. |
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 | ||
| 12/31/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $2.37 | $0.34 | $0.48 | Assets: | $2.67 |
| Net Income: | -$2.39 | -$0.70 | -$0.59 | Curr Assets: | $0.38 |
| EPS: | -$1.29 | -$0.41 | -$0.30 | Liabilities: | $3.24 |
| Prior EPS: | -$2.46 | -$0.38 | -$0.42 | Curr Liab: | $2.67 |
| Cash Flow/Oper: | -$0.71 | $0.39 | $0.65 | Equity: | -$0.57 |
| Cash Flow/Fin: | $1.38 | $0.00 | -$0.31 | Cash: | $0.07 |
| Cash Flow/Inv: | -$0.83 | Working Cap: | -$2.28 | ||
| Use of Proceeds |
| The proceeds from the proposed offering will be used for sales and marketing, repayment of indebtedness, software development, purchase of computer equipment, payment of trade payables, establishing a new office facility, and working capital and general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 187,500 shares/units at $100.00 per share/unit. |
| Exercise price of $13.20 for 4 year(s), 1 year(s) from 11/11/98. |