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| Neon Systems, Inc. |
| 14100 Southwest Freeway, Suite 500, Sugar Land, TX 77478 * (281) 491-4200 |
| Business Description | The company develops and sells software products that help organizations access and integrate data, transactions and applications from the Internet and mainframe and client/server systems. |
| Offering Information Company has | |||
| Trading As | NESY (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 12/23/1998 |
| Domestic Shares Offered | 2,700,000 | Offer Date | 03/04/1999 |
| Foreign Shares Offered | 0 | Filing Price | $15.00 |
| Company Shares | 2,636,000 | Offer Price | $15.00 |
| Selling Shrhldrs Shares | 64,000 | Gross Spread | $1.050 |
| Gross Proceeds | $40,500,000 | Selling | $0.630 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 8,243,251 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| CIBC Oppenheimer & Company | Co-manager | (212) 667-7400 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| 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 | 03/31/1996 | 03/31/1997 | 03/31/1998 | 09/30/1997 | 09/30/1998 | ||
| Revenues | - | - | 2.328 | 7.025 | 12.015 | 4.802 | 7.875 |
| Income from Oper. | - | - | -0.532 | 0.891 | 1.443 | 0.379 | 1.107 |
| Net Income | - | - | -0.678 | 0.736 | 1.061 | 0.245 | 0.658 |
| E.P.S | - | - | -1.630 | 0.420 | 0.440 | 0.100 | 0.250 |
| Revenue Growth (%) | - | - | 201.76 | 71.032 | 63.99 | ||
| Net Income Growth (%) | - | - | - | 44.16 | 168.57 | ||
| Oper. Profit Margin (%) | - | - | - | 12.68 | 12.01 | 14.06 | 7.89 |
| Net Profit Margin (%) | - | - | - | 10.48 | 8.83 | 8.36 | 5.10 |
| Cash Flow - Oper. | 1.35 | 0.18 | 0.19 | ||||
| Cash Flow - Inv. | -0.28 | -0.07 | -0.06 | ||||
| Cash Flow - Fin. | 0.03 | 0.01 | 0.10 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 7.53 | Current Assets | 7.09 | Current Ratio | 1.34 |
| Total Liab. | 5.29 | Current Liab. | 5.28 | Debt Ratio | 70.20% |
| Total Equity | 2.24 | Working Cap. | 1.81 | Debt to Equity Ratio | 2.36 |
| Cash | 3.04 | Return on Assets | 8.74% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and general corporate purposes as well as the retirement of existing indebtedness. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Locke Liddell & Sapp LLP |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | KPMG Peat Marwick |
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