| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies |
| comstar.net, inc. |
| 2812 Spring Road, Suite 210, Atlanta, GA 30339 * (770) 485-6000 |
| Business Description | The company is a rapidly growing Internet service provider, or ISP, that targets middle market businesses, educational institutions and governmental organizations. |
|
Filing Information IPO has been | |||
| To Trade As | CSTX (NASNTL) | Industry | Internet (SIC 7379) |
| Type of Stock Offered | Common Shares | Filing Date | 9/10/99 |
| Domestic Shares Filed | 3,177,000 | Filing Range | $12.00 - $14.00 |
| Foreign Shares Filed | 0 | Offering Amount | $41,301,000 |
| Company Shares | 3,100,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 77,000 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Scott & Stringfellow, Inc. | Lead Manager | (804) 780-3267 |
| Suntrust Equitable Securities | Co-manager | (615) 780-9300 |
| 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 | - | - | 0.065 | 0.676 | 2.142 | 0.858 | 1.486 |
| Income from Oper. | - | - | -0.268 | -0.488 | -0.445 | -0.026 | -0.537 |
| Net Income | - | - | -0.278 | -0.547 | -0.598 | -0.096 | -0.704 |
| E.P.S | - | - | -0.030 | -0.060 | -0.060 | -0.010 | -0.070 |
| Revenue Growth (%) | - | - | 933.01 | 217.117 | 73.18 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -0.21 | -0.05 | -0.65 | ||||
| Cash Flow - Inv. | -1.01 | -0.29 | -0.19 | ||||
| Cash Flow - Fin. | 1.45 | 0.28 | 1.59 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 2.57 | Current Assets | 1.52 | Current Ratio | 0.59 |
| Total Liab. | 2.57 | Current Liab. | 2.56 | Debt Ratio | 100.16% |
| Total Equity | 0.00 | Working Cap. | -1.04 | Debt to Equity Ratio | - |
| Cash | 1.05 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay debt; develop and deploy new data centers and services; expand sales, marketing and advertising efforts; and fund working capital and for general corporate purposes including acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Nelson Mullins Riley & Scarbourough |
| Bank's Law Firm | Alston & Bird |
| Registrar/Transfer Agent | SunTrust Bank of Atlanta |
| Auditor | Arthur Andersen |
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