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Bottomline Technologies (DE), Inc.
155 Fleet Street, Portsmouth, NH 03801 * (603) 436-0700
Business Description The company is a leading provider of enterprise-wide payment solutions. Their software and services enable organizations to transition from the traditional paper check process to electronic payments and facilitate electronic commerce.
Offering
Information

Company has
gone public

Trading As  EPAY (NASNTL) Industry  High-Tech (SIC 7372)
Type of Stock Offered  Common Shares Filing Date  11/13/1998
Domestic Shares Offered  3,400,000 Offer Date  02/11/1999
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  2,519,466 Offer Price  $13.00
Selling Shrhldrs Shares  880,534 Gross Spread  $0.910
Gross Proceeds  $44,200,000 Selling  $0.550
Expenses  - - Reallowance  $0.100
Post-IPO Shares  9,900,000 Employees  235
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
BancBoston Robertson Stephens Lead Manager (415) 989-8500
BT Alex Brown Co-manager (410) 727-1700
CIBC Oppenheimer & Company Co-manager (212) 667-7400
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data 06/30/1994 06/30/1995 06/30/1996 06/30/1997 06/30/1998 09/30/1997 09/30/1998
Revenues   10.408 15.115 18.067 22.126 29.037 6.064 8.105
Income from Oper.   1.454 1.234 1.553 -1.732 2.830 0.358 0.747
Net Income   0.924 0.775 0.883 -1.252 1.603 0.194 0.457
E.P.S   0.490 0.370 0.420 -0.680 0.710 0.080 0.200
Revenue Growth (%)      45.22 19.53 22.47 31.235   33.66
Net Income Growth (%)      -16.13 13.94 - -   135.57
Oper. Profit Margin (%)    13.97 8.16 8.60 - 9.75 9.22 5.90
Net Profit Margin (%)    8.88 5.13 4.89 - 5.52 5.64 3.20
Cash Flow - Oper.     2.65 0.17 0.59
Cash Flow - Inv.     -0.99 -0.16 -0.43
Cash Flow - Fin.     -1.12 -0.12 -0.03
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1998 Financial Ratios
Total Assets    12.08 Current Assets    9.92 Current Ratio    1.71
Total Liab.    5.91 Current Liab.    5.79 Debt Ratio    48.87%
Total Equity    6.18 Working Cap.    4.13 Debt to Equity Ratio    0.96
Cash    1.49    Return on Assets   3.78%
Use Of
Proceeds
The proceeds from the proposed offering will be used to fund continued growth and expansion of its business, product development, potential acquisitions and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Hale and Dorr
Bank's Law Firm  Foley Hoag & Eliot
Registrar/Transfer Agent  State Street Bank and Trust Company
Auditor  Ernst & Young
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Last updated: 09/29/1999 3:50:53 AM
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