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| I.D. Systems, Inc. |
| 90 William Street, Suite 402, New York, NY 10038 * (212) 677-3800 |
| Business Description | The company designs, develops and produces a wireless monitoring and tracking system that uses radio frequency technology. |
| Offering Information Company has | |||
| Trading As | IDSY (NASSCM) | Industry | Telecommunications (SIC 3669) |
| Type of Stock Offered | Common Shares | Filing Date | 04/23/1999 |
| Domestic Shares Offered | 2,000,000 | Offer Date | 06/29/1999 |
| Foreign Shares Offered | 0 | Filing Range | $7.00 - $9.00 |
| Company Shares | 2,000,000 | Offer Price | $7.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.560 |
| Gross Proceeds | $14,000,000 | Selling | $0.400 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 5,414,375 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Gilford Securities | Lead Manager | (800) 445-3673 |
| 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 | 12/31/1997 | 12/31/1998 | |||||
| Revenues | - | - | - | 0.733 | 3.324 | - | - |
| Income from Oper. | - | - | - | -0.018 | 0.544 | - | - |
| Net Income | - | - | - | 0.075 | 0.476 | - | - |
| E.P.S | - | - | - | 0.170 | 0.080 | - | - |
| Revenue Growth (%) | - | - | - | 353.479 | - | ||
| Net Income Growth (%) | - | - | - | 534.67 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 16.37 | - | - |
| Net Profit Margin (%) | - | - | - | 10.23 | 14.32 | - | - |
| Cash Flow - Oper. | 0.86 | - | - | ||||
| Cash Flow - Inv. | -0.08 | - | - | ||||
| Cash Flow - Fin. | -0.06 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 2.10 | Current Assets | 1.98 | Current Ratio | 2.24 |
| Total Liab. | 1.09 | Current Liab. | 0.88 | Debt Ratio | 52.05% |
| Total Equity | 1.01 | Working Cap. | 1.10 | Debt to Equity Ratio | 1.09 |
| Cash | 1.13 | Return on Assets | 22.65% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for product development, sales and marketing, expansion of product capabilities and applications and working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Parker Chapin Flattau & Klimpl |
| Bank's Law Firm | Orrick, Herrington & Sutcliffe |
| Auditor | Eisner, Richard A. |
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