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| NETsilicon, Inc. |
| 411 Waverly Oaks Road, Suite 227, Waltham, MA 02454 * (781) 647-1234 |
| Business Description | The company develops and markets embedded networking solutions. The company's products are incorporated into the design of embedded systems to provide the ability to communicate over standards-based local area networks, wide area networks and the Internet, enabling the development of completely new embedded systems applications. |
| Offering Information Company has | ||||
| Trading As | NSIL (NASNTL) | Industry | High-Tech (SIC 3674) | |
| Type of Stock Offered | Common Shares | Filing Date | 03/11/1999 | |
| Domestic Shares Offered | 5,250,000 | Offer Date | 09/14/1999 | |
| Foreign Shares Offered | 0 | Filing Price | $7.00 | |
| Company Shares | 3,000,000 | Offer Price | $7.00 | |
| Selling Shrhldrs Shares | 2,250,000 | Gross Spread | $0.490 | |
| Gross Proceeds | $36,750,000 | Selling | $0.250 | |
| Expenses | - - | Reallowance | $0.100 | |
| Post-IPO Shares | 13,000,000 | Employees | - - | |
| Spun out from: | Osicom Technologies, Inc. | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 01/31/1997 | 01/31/1998 | 01/31/1999 | ||||
| Revenues | - | - | 7.445 | 7.920 | 13.373 | - | - |
| Income from Oper. | - | - | -0.942 | -1.228 | -1.581 | - | - |
| Net Income | - | - | -1.090 | -0.853 | -2.132 | - | - |
| E.P.S | - | - | -0.020 | -0.090 | -0.210 | - | - |
| Revenue Growth (%) | - | - | 6.38 | 68.851 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.92 | - | - | ||||
| Cash Flow - Inv. | -0.91 | - | - | ||||
| Cash Flow - Fin. | 3.22 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 01/31/1999 | Financial Ratios | ||||
| Total Assets | 11.65 | Current Assets | 10.01 | Current Ratio | 0.74 |
| Total Liab. | 13.48 | Current Liab. | 13.48 | Debt Ratio | 115.76% |
| Total Equity | -1.84 | Working Cap. | -3.47 | Debt to Equity Ratio | - |
| Cash | 0.58 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness due to Osicom, to repay a portion of its outstanding indebtedness to Coast Business Credit, to fund product development and marketing, capital expenditures and working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Greenbaum Rowe Smith Ruvin & Davis |
| Bank's Law Firm | Morgan, Lewis & Bockius |
| Auditor | BDO Seidman |
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