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| Lionbridge Technologies, Inc. |
| 950 Winter Street, Suite 4300, Waltham, MA 02451 * (781) 890-6612 |
| Business Description | The company is a provider of globalization and multilingual Internet services to technology companies worldwide. Our software, test, Web and linguistic engineering groups create and maintain multilingual versions of our clients' software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. |
| Offering Information Company has | |||
| Trading As | LIOX (NASNTL) | Industry | Service (SIC 7389) |
| Type of Stock Offered | Common Shares | Filing Date | 06/21/1999 |
| Domestic Shares Offered | 3,500,000 | Offer Date | 08/19/1999 |
| Foreign Shares Offered | 0 | Filing Price | $10.00 |
| Company Shares | 3,500,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.700 |
| Gross Proceeds | $35,000,000 | Selling | $0.400 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 16,752,700 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Prudential Securities Incorporated | Lead Manager | (212) 778-5420 |
| Adams, Harkness & Hill | Co-manager | (617) 371-3705 |
| 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 | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 03/31/1998 | 03/31/1999 | ||
| Revenues | - | - | 28.134 | 26.462 | 38.412 | 7.438 | 11.690 |
| Income from Oper. | - | - | 0.013 | -6.909 | -3.404 | -1.832 | -1.721 |
| Net Income | - | - | -0.213 | -7.654 | -4.262 | -1.912 | -3.415 |
| E.P.S | - | - | - | -5.900 | -1.990 | -0.980 | -1.170 |
| Revenue Growth (%) | - | - | -5.94 | 45.159 | 57.17 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | 0.05 | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -1.73 | 0.70 | -1.56 | ||||
| Cash Flow - Inv. | -4.50 | -2.71 | -3.84 | ||||
| Cash Flow - Fin. | 5.92 | 3.81 | 8.48 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1999 | Financial Ratios | ||||
| Total Assets | 29.37 | Current Assets | 16.27 | Current Ratio | 0.94 |
| Total Liab. | 40.03 | Current Liab. | 17.21 | Debt Ratio | 136.30% |
| Total Equity | -10.66 | Working Cap. | -0.95 | Debt to Equity Ratio | - |
| Cash | 3.80 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to redeem our Series B redeemable preferred stock, to repay our subordinated debt and provide for other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Testa, Hurwitz & Thibeault |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Registrar/Transfer Agent | Boston Equiserve Limited Partnership |
| Auditor | Pricewaterhouse Coopers LLC |
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