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| HealthGate Data Corp. |
| 25 Corporate Drive, Suite 310, Burlington, MA 01803 * (781) 685-4000 |
| Business Description | The company is a leading Internet provider of reliable, objective, comprehensive and up-to-date healthcare information helping physicians and other healthcare professionals, patients and health-conscious consumers make better informed healthcare decisions. |
| Offering Information Company has | |||
| Trading As | HGAT (NASNTL) | Industry | High-Tech (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 4/23/99 |
| Domestic Shares Offered | 3,750,000 | Offer Date | 1/25/00 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 3,750,000 | Offer Price | $11.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.770 |
| Gross Proceeds | $41,250,000 | Selling | $0.400 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 18,500,444 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| SG Cowen | Lead Manager | (212) 495-6000 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| 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 | 12/31/96 | 12/31/97 | 12/31/98 | ||||
| Revenues | - | - | 0.408 | 1.285 | 2.434 | - | - |
| Income from Oper. | - | - | -2.712 | -2.535 | -2.541 | - | - |
| Net Income | - | - | -2.726 | -2.541 | -2.878 | - | - |
| E.P.S | - | - | -2.610 | -2.690 | -3.030 | - | - |
| Revenue Growth (%) | - | - | 214.95 | 89.416 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.48 | - | - | ||||
| Cash Flow - Inv. | -0.28 | - | - | ||||
| Cash Flow - Fin. | 3.69 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/98 | Financial Ratios | ||||
| Total Assets | 2.37 | Current Assets | 1.56 | Current Ratio | 1.00 |
| Total Liab. | 5.22 | Current Liab. | 1.56 | Debt Ratio | 220.03% |
| Total Equity | -2.85 | Working Cap. | 0.00 | Debt to Equity Ratio | - |
| Cash | 0.96 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund operating losses and to expand sales and marketing efforts, to repay outstanding indebtedness and for general corporate purposes, including content development and licensing, advertising and brand promotion, working capital and acquisitions or investments. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Rich, May, Bilodeau & Flaherty, P.C. |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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