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SmartDisk Corporation
3506 Mercantile Avenue, Naples, FL 34104 * (941) 436-2500
Business Description The company is a market leader in the design and development of products that enable consumers to easily share digital data among advanced consumer electronic products, PCs and the Internet.
Offering
Information

Company has
gone public

Trading As  SMDK (NASNTL) Industry  High-Tech (SIC 3577)
Type of Stock Offered  Common Shares Filing Date  7/14/99
Domestic Shares Offered  3,000,000 Offer Date  10/5/99
Foreign Shares Offered  0 Filing Range  $10.00 - $12.00
Company Shares  3,000,000 Offer Price  $13.00
Selling Shrhldrs Shares  0 Gross Spread  $0.910
Gross Proceeds  $39,000,000 Selling  $0.550
Expenses  - - Reallowance  $0.100
Post-IPO Shares  15,523,500 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Robertson, Stephens & Company Lead Manager (415) 989-8500
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
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 12/31/94 12/31/95 12/31/96 12/31/97 12/31/98 3/31/98 3/31/99
Revenues   0.102 0.316 0.500 0.893 15.323 0.532 5.507
Income from Oper.   -1.058 -2.314 -11.818 -4.009 -5.005 -1.208 -1.726
Net Income   -1.058 -2.276 -9.470 -3.964 -5.428 -1.189 -1.707
E.P.S   -0.040 -0.080 -0.310 -0.130 -0.140 -0.040 -0.040
Revenue Growth (%)      209.80 58.23 78.60 1,615.901   935.15
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -5.96 -0.57 -1.47
Cash Flow - Inv.     -2.07 -0.46 -1.49
Cash Flow - Fin.     10.40 4.69 1.82
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/99 Financial Ratios
Total Assets    12.11 Current Assets    9.57 Current Ratio    1.13
Total Liab.    19.21 Current Liab.    8.50 Debt Ratio    158.62%
Total Equity    -7.10 Working Cap.    1.07 Debt to Equity Ratio    -
Cash    1.81    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital, potential acquisitions of technology or businesses and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Greenberg Traurig Hoffman Lipoff Rosen & Quentel
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Ernst & Young
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Last updated: 10/10/99 3:42:04 PM
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