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U.S. Interactive, Inc.
2012 Renaissance Boulevard, King of Prussia, PA 19406 * (610) 313-9700
Business Description The company is a leading provider of Internet professional services helping companies take advantage of the business opportunities presented by the Internet.
Offering
Information

Company has
gone public

Trading As  USIT (NASNTL) Industry  Internet (SIC 7379)
Type of Stock Offered  Common Shares Filing Date  05/19/1999
Domestic Shares Offered  4,615,000 Offer Date  08/09/1999
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  4,615,000 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  $0.700
Gross Proceeds  $46,150,000 Selling  $0.400
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Lehman Brothers Incorporated Lead Manager (212) 526-8100
Adams, Harkness & Hill Co-manager (617) 371-3705
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
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 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998 03/31/1998 03/31/1999
Revenues   0.200 0.935 1.950 6.061 13.636 2.378 4.178
Income from Oper.   0.000 0.053 -0.345 -0.258 -8.291 -0.003 -2.626
Net Income   0.000 0.038 -0.129 -0.290 -8.443 -0.020 -2.640
E.P.S   - 0.010 -0.030 -0.060 -1.360 - -0.300
Revenue Growth (%)      367.50 108.56 210.82 124.979   75.69
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - 5.67 - - - - -
Net Profit Margin (%)    - 4.06 - - - - -
Cash Flow - Oper.     -3.45 -0.45 -1.16
Cash Flow - Inv.     -0.65 -0.12 -0.27
Cash Flow - Fin.     7.01 0.45 0.06
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 03/31/1999 Financial Ratios
Total Assets    25.46 Current Assets    10.31 Current Ratio    1.18
Total Liab.    27.49 Current Liab.    8.71 Debt Ratio    107.96%
Total Equity    -2.03 Working Cap.    1.60 Debt to Equity Ratio    -
Cash    2.33    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for capital investments, repayment of debt, funding of potential acquisitions and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Morgan, Lewis & Bockius
Bank's Law Firm  Brobeck, Phleger & Harrison
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  KPMG LLC
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Last updated: 09/29/1999 3:52:36 AM
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