| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Stratus Services Group, Inc. |
| 500 Craig Road, Manalapan, NJ 07726 * (732) 866-0300 |
| Business Description | The company is a provider of temporary staffing and engineering services. We currently operate through a network of fifteen offices in ten states. We provide a wide range of commercial staffing services including light industrial, clerical, distribution, technical, specialty and other professional services. |
| Offering Information Company has | |||
| Trading As | SERV (NASSCM) | Industry | Service (SIC 7363) |
| Type of Stock Offered | Common Shares | Filing Date | 7/20/99 |
| Domestic Shares Offered | 1,300,000 | Offer Date | 4/12/00 |
| Foreign Shares Offered | 0 | Filing Range | $6.00 - $9.00 |
| Company Shares | 1,300,000 | Offer Price | $6.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $7,800,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 5,800,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Hornblower & Weeks, Inc. | Lead Manager | (212) 361-2266 |
| Dirks & Company, Inc. | Co-manager | (212) 832-6700 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 9/30/97 | 9/30/98 | 3/31/98 | 3/31/99 | |||
| Revenues | - | - | - | 2.442 | 24.920 | 10.474 | 12.920 |
| Income from Oper. | - | - | - | -0.355 | -0.866 | -0.134 | -1.037 |
| Net Income | - | - | - | -0.409 | -2.480 | -0.325 | -1.754 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | 920.380 | 23.35 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.64 | -0.55 | -0.30 | ||||
| Cash Flow - Inv. | -0.19 | -0.02 | -0.34 | ||||
| Cash Flow - Fin. | 0.98 | 0.55 | 0.80 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/99 | Financial Ratios | ||||
| Total Assets | 4.54 | Current Assets | 1.73 | Current Ratio | 0.24 |
| Total Liab. | 8.00 | Current Liab. | 7.24 | Debt Ratio | 176.47% |
| Total Equity | -3.47 | Working Cap. | -5.51 | Debt to Equity Ratio | - |
| Cash | 0.40 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for repayment of debt, payment owed in connection with an acquisition and for working capital, including possible acquisitions of complementary businesses. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Giordano, Halleran & Ciesla, P.C. |
| Bank's Law Firm | Lehman & Eilen |
| Auditor | Amper Politiziner & Mattia |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Additional Underwriter Compensation |
| Warrant to purchase 150,000 shares/units at $100.00 per share/unit. |