| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| FlashNet Communications, Inc. |
| 1812 North Forest Park Boulevard, Fort Worth, TX 76102 * (817) 332-8883 |
| Business Description | The company is a provider of consumer Internet access and business services. Their Internet access are provided through a national network with 621 points of presence in 450 cities covering approximately 70% of the U.S. Population. |
| Offering Information Company has | |||
| Trading As | FLAS (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | Common Shares | Filing Date | 12/18/1998 |
| Domestic Shares Offered | 3,000,000 | Offer Date | 03/15/1999 |
| Foreign Shares Offered | 0 | Filing Range | $14.00 - $15.00 |
| Company Shares | 3,000,000 | Offer Price | $17.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.190 |
| Gross Proceeds | $51,000,000 | Selling | $0.710 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 13,197,018 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BancBoston Robertson Stephens | Lead Manager | (415) 989-8500 |
| Everen Securities, Inc. | Co-manager | (312) 574-6859 |
| J.C. Bradford & Co. | Co-manager | (615) 748-9347 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 09/30/1997 | 09/30/1998 | ||
| Revenues | - | - | 0.034 | 4.534 | 18.325 | 12.725 | 18.101 |
| Income from Oper. | - | - | -1.070 | -5.030 | -10.186 | -8.674 | -5.945 |
| Net Income | - | - | -0.107 | -5.175 | -10.900 | -9.224 | -10.509 |
| E.P.S | - | - | -0.100 | -3.340 | -6.800 | -5.770 | -6.500 |
| Revenue Growth (%) | - | - | 13,235.29 | 304.169 | 42.25 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 1.34 | 1.45 | -4.28 | ||||
| Cash Flow - Inv. | -4.46 | -0.49 | -0.65 | ||||
| Cash Flow - Fin. | 4.55 | -1.09 | 6.66 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 11.68 | Current Assets | 4.75 | Current Ratio | 0.20 |
| Total Liab. | 23.41 | Current Liab. | 23.19 | Debt Ratio | 200.46% |
| Total Equity | -11.73 | Working Cap. | -18.43 | Debt to Equity Ratio | - |
| Cash | 3.30 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion of sales and marketing operations, expansion of network infrastructure, development of business service offerings, repayment of indebtedness, potential acquisitions and working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | EquiServe |
| Auditor | Deloitte & Touche |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |