| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Artificial Life Inc. |
| Four Copley Place, Suite 102, Boston, MA 02116 * (617) 266-5542 |
| The company develops, markets and supports "intelligent" software robots ("bots"). |
| Manager | Tier | Phone |
| New York Broker, Inc. | Lead Manager |
| NASNTL: | ALIF | High-Tech: | SIC 7372 | |
| Type of Shares: | Common Shares | Filing Date: | 9/29/98 | |
| U.S. Shares: | 1,600,000 | Offer Date: | 12/16/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.00 - $7.00 | |
| Primary Shares: | 1,200,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 400,000 | Gross Spread: | $0.68 | |
| Offering Amount: | $10,400,000 | Selling: | $0.43 | |
| Expenses: | $1,200,000 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 9,070,574 | |||
| Employees: | 24 |
| Issuer's Law Firm: | Mintz, Levin, Cohn, Ferris, Glovsky And Popeo |
| Bank's Law Firm: | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Wolf & Company P.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $1.77 | $0.45 | $1.03 | Assets: | $1.27 |
| Net Income: | $0.02 | -$0.50 | $0.02 | Curr Assets: | $0.85 |
| EPS: | $0.00 | -$0.07 | $0.00 | Liabilities: | $0.94 |
| Prior EPS: | $0.08 | Curr Liab: | $0.44 | ||
| Cash Flow/Oper: | $0.11 | -$0.15 | $0.05 | Equity: | $0.33 |
| Cash Flow/Fin: | -$0.08 | $0.68 | Cash: | $0.55 | |
| Cash Flow/Inv: | -$0.04 | $0.00 | -$0.03 | Working Cap: | $0.41 |
| Competition |
| The market for the Company's products and services is new, evolving and growing rapidly. Competition can be expected to intensify significantly as the market matures and the more established software companies, such as Microsoft Corporation, become increasingly involved. Barriers to entry are relatively insubstantial. Although the Company has not yet identified any competitors in exactly the same areas in which it is active, there are companies that have overlapping activities and therefore could be regarded as competition to Artificial Life. Such firms include, among others: Brightware, Inc.; Broadvision, Inc.; Extempo, Inc.; Haptek, Inc.; Nearlife, Inc.; Netsage Corp.; Neuromedia, Inc. and Virtual Personalities, Inc. This list may not be complete and may change and substantially increase over time. The Company believes that the principal competitive factors affecting the market for the Company's products include core technology, delivery methods, brand recognition, ease of use and interfaces. The relative importance of each of these factors depends upon the specific customer involved. There can be no assurance that the Company will be able to compete effectively with respect to any of these factors. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund research and product development, to expand sales and marketing capabilities, to establish strategic alliances, to expand its employee base and infrastructure and for general corporate purposes and working capital. |
| Additional Underwriter Compensation |
| Warrant to purchase 160,000 shares/units at $100.00 per share/unit. |