| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Molecular Circuitry, Inc. |
| 321 Spruce Street, Suite 525, Scranton, PA 18503 * (717) 207-7200 |
| The company has developed an instrument, the MC-18, to detect certain harmful bacteria, or pathogens, in meat, poultry, diary and other food products. |
| Manager | Tier | Phone |
| Pennsylvania Merchant Group Ltd | Lead Manager | (610) 260-6495 |
| NASNTL: | BUGS | Manufacturing: | SIC 3823 | |
| Type of Shares: | Common Shares | Filing Date: | 11/25/98 | |
| U.S. Shares Filed: | 3,000,000 | Filing Range: | $11.00 - $13.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $36,000,000 | |
| Primary Shares: | 3,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: | 12,929,947 |
| Issuer's Law Firm: | Pelino & Lentz, P.C. |
| Bank's Law Firm: | Cozen and O'Connor |
| 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 | ||
| 12/31/97 | 9/30/98 | 9/30/97 | 9/30/98 | ||
| Revenue: | $0.00 | $0.00 | $0.00 | Assets: | $0.79 |
| Net Income: | -$0.79 | -$4.61 | -$0.05 | Curr Assets: | $0.24 |
| EPS: | -$0.18 | -$1.26 | -$0.01 | Liabilities: | $3.96 |
| Prior EPS: | -$0.11 | Curr Liab: | $1.20 | ||
| Cash Flow/Oper: | -$2.03 | -$1.04 | -$1.49 | Equity: | -$3.17 |
| Cash Flow/Fin: | $2.05 | $1.49 | $1.54 | Cash: | $0.24 |
| Cash Flow/Inv: | -$0.02 | -$0.23 | -$0.02 | Working Cap: | -$0.96 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the renovation, equipping and maintenance of new corporate office and production facility, research and development, repayment of certain debt, and working capital and general corporate purposes. |