| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies | Company's Home Page |
| Digital Lava, Inc. |
| 10850 Wilshire Boulevard, Suite 1260, Los Angeles, CA 90024 * (310) 470-1149 |
| Business Description | The company is a leading provider of video publishing software products and services for corporate training, communications, distance learning, research and other applications. |
| Offering Information Company has | |||
| Trading As | DGV (AMEX) | Industry | High-Tech (SIC 7371) |
| Type of Stock Offered | Common Shares | Filing Date | 10/23/1998 |
| Domestic Shares Offered | 2,400,000 | Offer Date | 02/16/1999 |
| Foreign Shares Offered | 0 | Filing Price | $7.50 |
| Company Shares | 2,400,000 | Offer Price | $7.50 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.627 |
| Gross Proceeds | $18,000,000 | Selling | $0.330 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 4,353,758 | Employees | 14 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Dirks & Company, Inc. | Lead Manager | (212) 832-6700 |
| 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 | 12/31/1996 | 12/31/1997 | 06/30/1997 | 06/30/1998 | |||
| Revenues | - | - | - | 0.000 | 0.565 | 0.286 | 0.392 |
| Income from Oper. | - | - | - | -1.944 | -3.321 | -1.670 | 1.971 |
| Net Income | - | - | - | -2.385 | -4.245 | -2.198 | -2.780 |
| E.P.S | - | - | - | -91.690 | -30.700 | -16.550 | -18.530 |
| Revenue Growth (%) | - | - | - | - | 37.02 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | 502.82 | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.20 | -0.83 | -1.16 | ||||
| Cash Flow - Inv. | -0.06 | -0.05 | -0.02 | ||||
| Cash Flow - Fin. | 2.42 | 1.19 | 1.05 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1998 | Financial Ratios | ||||
| Total Assets | 0.93 | Current Assets | 0.82 | Current Ratio | 0.12 |
| Total Liab. | 6.60 | Current Liab. | 6.60 | Debt Ratio | 711.19% |
| Total Equity | -5.67 | Working Cap. | -5.78 | Debt to Equity Ratio | - |
| Cash | 0.04 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for product development, sales and marketing, repayment of indebtedness, facilities and other capital expenditures, expansion of internal operations, working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Ehrenreich & Krause |
| Bank's Law Firm | Orrick, Herrington & Sutcliffe |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The market for software and services for the Internet and intranets is relatively new, constantly evolving and intensely competitive. The Company expects that competition will intensify in the future. Many of the Company's current and potential competitors have longer operating histories, greater name recognition and significantly greater financial, technical and marketing resources than the Company. The Company's principal competitors in the development and distribution of video publishing solutions include Eloquent, Inc., Veon, Inc., Vsoft, Inc., VStream, Inc., LiveNote, Inc., Adobe Systems, Inc. and Visionary Information Systems, Inc. The Company also competes or may compete with computer-based training (CBT) software companies including Macromedia, Inc., Asymetrix Corporation, and Allen Communications, Inc. The Company also competes or may compete with more general purpose audio and video streaming software companies including Microsoft, RealNetworks, VDOnet Corporation, Xing Technology Corporation, Cubic VideoComm, Inc., Motorola, Inc., Vosaic LLC and Oracle Corporation. The Company's vPrism and VideoVisor software also competes indirectly with delivery systems for multimedia content other than audio and video, such as Flash by Macromedia and Enliven by Narrative Communications Corp. Many of such competitors have longer operating histories, greater name recognition and significantly greater financial, technical and marketing resources than the Company. As a result, such competitors may be able to develop products comparable or superior to the Company's or adapt more quickly to new technologies or evolving customer requirements. |
| Additional Underwriter Compensation |
| Warrant to purchase 120,000 shares/units at a nominal price. |
| Warrant Information | |||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||