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| Future Media Productions, Inc. |
| 25136 Anza Drive, Valencia, CA 91355 * (805) 294-5575 |
| Business Description | The company is a leading vertically integrated manufacturer and supplier of compact discs to the computer hardware, software, on-line and publishing industries, providing mastering, replication and a full range of services, including printing, packaging and fulfillment. |
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Filing Information Not yet | ||||
| To Trade As | FMPI (NASNTL) | Industry | Manufacturing (SIC 3652) | |
| Type of Stock Offered | Common Shares | Filing Date | 3/14/2000 | |
| Domestic Shares Filed | 5,185,185 | Filing Range | $12.00 - $15.00 | |
| Foreign Shares Filed | 0 | Offering Amount | $69,999,998 | |
| Company Shares | 4,685,185 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 500,000 | Post-IPO Shares | - - | |
| Employees | 82 | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Volpe Technology | Lead Manager | (415) 274-4463 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 6/30/1997 | 6/30/1998 | |
| Revenues | - | 2.223 | 26.972 | 25.814 | 36.042 | 16.442 | 16.709 |
| Income from Oper. | - | 0.418 | 6.004 | 11.164 | 8.688 | 4.221 | 0.591 |
| Net Income | - | 0.249 | 5.041 | 13.996 | 7.800 | 3.769 | 0.187 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | 1,113.32 | -4.29 | 39.622 | 1.62 | ||
| Net Income Growth (%) | - | 1,924.50 | 177.64 | -44.27 | -95.04 | ||
| Oper. Profit Margin (%) | - | 18.80 | 22.26 | 43.25 | 24.11 | 3.54 | 25.67 |
| Net Profit Margin (%) | - | 11.20 | 18.69 | 54.22 | 21.64 | 1.12 | 22.92 |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/1998 | Financial Ratios | ||||
| Total Assets | 28.08 | Current Assets | 7.55 | Current Ratio | 0.43 |
| Total Liab. | 28.60 | Current Liab. | 17.54 | Debt Ratio | 101.87% |
| Total Equity | -0.53 | Working Cap. | -9.99 | Debt to Equity Ratio | - |
| Cash | 1.89 | Return on Assets | 0.67% | ||
| Use Of Proceeds |
Proceeds of the offering will be used to repay all existing bank debt, estimated at $18.5 million, to purchase approximately $10.5 million of capital equipment, to distribute approximately $3.5 million to existing shareholders and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Troop Steuber Pasich Reddick & Tobey, LLP |
| Bank's Law Firm | Gibson, Dunn & Crutcher |
| Registrar/Transfer Agent | U. S. Stock Transfer Corporation |
| Auditor | Ernst & Young |
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| Industry Competition |
The Company believes that the principal competitive factors in the CD replicating industry are price, turnaround time, capacity, service, quality and reliability, with price and turnaround time typically being the most important. The Company believes that it competes favorably with respect to each of these factors, and that the quality of its products and services, its low cost manufacturing operations, its ability to accommodate tight delivery schedules, and its flexibility in production creates significant competitive advantages. The Company may also face indirect competition from broadband on-line service providers, such as telephone, cable and internet service providers. The Company believes, however, that on-line delivery of data will not, for the foreseeable future, be a practical alternative for consumers due to significant time and hardware storage requirements to download the capacity of a CD or DVD. Existing technologies, such as digital audio tape, digital compact disc and the mini-disc could potentially compete with CD-ROM and currently compete with CD-Audio, but none of these existing technologies has achieved widespread consumer acceptance to date. |
| Business Plan |
The Company believes it distinguishes itself from its competitors through an operating strategy founded on the following key principles: (i) maintaining high-capacity manufacturing facilities at a single location, (ii) continuing to invest in technologically advanced manufacturing equipment, supported by strong in-house engineering capabilities, (iii) focusing on large production runs in order to maximize operational efficiency, and (iv) marketing the Company's services directly to senior executives of companies with high volume production requirements. |