| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| eCollege.com |
| 10200 A East Girard Avenue, Denver, CO 80231 * (303) 873-7400 |
| Business Description | The company is a leading provider of a complete solution that enables colleges and universities to deliver an online campus and courses over the Internet. Our integrated software and services allow colleges and universities to outsource the creation, launch, management and support of a comprehensive online campus and courses. |
| Offering Information Company has | |||
| Trading As | ECLG (NASNTL) | Industry | Internet (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 5/13/99 |
| Domestic Shares Offered | 5,000,000 | Offer Date | 12/14/99 |
| Foreign Shares Offered | 0 | Filing Range | $8.00 - $10.00 |
| Company Shares | 5,000,000 | Offer Price | $11.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.770 |
| Gross Proceeds | $55,000,000 | Selling | $0.440 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 13,860,000 | Employees | 197 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Banc of America Securities LLC | Lead Manager | (415) 627-2100 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | 3/31/98 | 3/31/99 | ||
| Revenues | - | - | 0.022 | 1.028 | 1.665 | 0.248 | 0.611 |
| Income from Oper. | - | - | -0.422 | -0.586 | -7.402 | -0.783 | -3.248 |
| Net Income | - | - | -0.404 | -0.615 | -7.290 | -0.753 | -3.128 |
| E.P.S | - | - | - | -0.110 | -1.050 | -0.120 | 0.490 |
| Revenue Growth (%) | - | - | 4,572.73 | 61.965 | 146.37 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -5.32 | -0.59 | 3.01 | ||||
| Cash Flow - Inv. | -1.66 | -0.42 | -0.33 | ||||
| Cash Flow - Fin. | 18.43 | 5.94 | 1.61 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 12.82 | Current Assets | 11.10 | Current Ratio | 4.59 |
| Total Liab. | 24.98 | Current Liab. | 2.42 | Debt Ratio | 194.92% |
| Total Equity | -12.17 | Working Cap. | 8.68 | Debt to Equity Ratio | - |
| Cash | 9.93 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund anticipated operating losses, to substantially increase promotional and marketing activities and for general corporate purposes including adding personnel to expand development and marketing capabilities. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Brobeck, Phleger & Harrison |
| Bank's Law Firm | Cooley Godward Castro Huddleson & Tatum |
| Registrar/Transfer Agent | American Securities Transfer and Trust |
| Auditor | Arthur Andersen |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Industry Competition |
The online learning market is quickly evolving and is subject to rapid technological change with no single competitor accounting for a dominant market share. We believe that the principal competitive factors in our market include: the ability to provide an online solution meeting the needs of colleges, universities and students; quality and performance of online learning solutions; service features such as adaptability, scalability and ability to integrate other technology-based products; quality of implementation and service teams; company reputation; and pricing. Our competitors vary in size and in the scope and breadth of the products and services they offer. Competition is most intense from colleges' and universities' internal information technology departments. Many colleges and universities construct online learning systems utilizing in-house personnel and creating their own software or purchasing software components from a vendor. We also face significant competition from a variety of companies including: (1) other companies which seek to offer a complete solution including software and services, (2) software companies with specific products for the college and university market, (3) systems integrators and (4) hardware vendors. |