| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Internet America, Inc. |
| One Dallas Centre, 350 N. St. Paul, Suite 3000, Dallas, TX 75201 * (214) 953-6000 |
| The company is a leading Internet service provider in the southwestern United States. The company provides an array of Internet services tailored to meet the needs of individual and business customers, including customers with little online service. |
| Manager | Tier | Phone |
| Hoak Securities, Inc. | Lead Manager | |
| Ferris, Baker, Watts Inc. | Co-manager | (202) 429-3608 |
| NASNTL: | GEEK | Internet: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 7/21/98 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 12/9/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,300,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $23,000,000 | Selling: | $0.55 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 6,285,984 | |||
| Employees: | 90 |
| Issuer's Law Firm: | Jackson & Walker |
| Bank's Law Firm: | Locke, Purnell, Rain & Harrell |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
| Auditor: | Deloitte & Touche |
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 | ||
| 6/30/97 | 3/31/98 | 3/31/97 | 3/31/98 | ||
| Revenue: | $9.41 | $7.71 | $7.01 | Assets: | $2.82 |
| Net Income: | -$3.82 | $0.69 | -$3.53 | Curr Assets: | $0.53 |
| EPS: | -$1.12 | $0.20 | -$1.04 | Liabilities: | $6.81 |
| Prior EPS: | -$1.15 | Curr Liab: | $6.69 | ||
| Cash Flow/Oper: | -$1.43 | $1.38 | -$1.63 | Equity: | -$3.99 |
| Cash Flow/Fin: | $2.86 | -$0.62 | $3.14 | Cash: | $0.19 |
| Cash Flow/Inv: | -$1.51 | -$0.57 | -$1.59 | Working Cap: | -$6.16 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund potential acquisitions, to fund increased marketing expenses and incremental capital equipment and infrastructure expenditures related to the company's anticipated growth, to repay indebtedness and for general corporate purposes. |