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Wireless Facilities, Inc.
9805 Scranton Road, Suite 100, San Diego, CA 92121 * (858) 824-2929
Business Description The company is one of the leading independent providers of outsourced services related to the planning, design and deployment of wireless networks.
Offering
Information

Company has
gone public

Trading As  WFII (NASNTL) Industry  Service (SIC 7381)
Type of Stock Offered  Common Shares Filing Date  8/18/99
Domestic Shares Offered  4,000,000 Offer Date  11/4/99
Foreign Shares Offered  0 Filing Range  $13.00 - $15.00
Company Shares  4,000,000 Offer Price  $15.00
Selling Shrhldrs Shares  0 Gross Spread  $1.050
Gross Proceeds  $60,000,000 Selling  $0.630
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Hambrecht & Quist Incorporated Co-manager (415) 439-3626
Thomas Weisel Partners LLC Co-manager (415) 364-2500
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     12/31/96 12/31/97 12/31/98 6/30/98 6/30/99
Revenues   - - 15.421 22.658 51.909 21.611 33.106
Income from Oper.   - - 6.756 6.967 10.974 6.421 5.637
Net Income   - - 4.079 4.242 6.014 3.597 2.828
E.P.S   - - 0.140 0.150 0.200 0.120 0.080
Revenue Growth (%)      - - 46.93 129.098   53.19
Net Income Growth (%)      - - 4.00 41.77   -21.38
Oper. Profit Margin (%)    - - 43.81 30.75 21.14 17.03 29.71
Net Profit Margin (%)    - - 26.45 18.72 11.59 8.54 16.64
Cash Flow - Oper.     -3.87 3.84 -3.24
Cash Flow - Inv.     -4.62 -4.05 -3.01
Cash Flow - Fin.     10.52 -0.35 7.41
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    51.59 Current Assets    40.81 Current Ratio    2.28
Total Liab.    18.74 Current Liab.    17.88 Debt Ratio    36.33%
Total Equity    32.84 Working Cap.    22.93 Debt to Equity Ratio    0.57
Cash    4.03    Return on Assets   5.48%
Use Of
Proceeds
The proceeds from the proposed offering will be used for the repayment of short term debt, working capital, general corporate purposes and potential acquisitions of businesses.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cooley Godward Castro Huddleson & Tatum
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Registrar/Transfer Agent  Norwest Bank of Minnesota
Auditor  KPMG LLC
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Last updated: 11/7/99 2:19:34 PM
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