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| GRIC Communications, Inc. |
| 1421 McCarthy Boulevard, Milpitas, CA 95035 * (408) 955-1920 |
| Business Description | The company enables telecommunications service providers, Internet service providers and other emerging communications service providers to offer IP-based products and services such as Internet telephony and Internet roaming to their end users on a global basis. |
| Offering Information Company has | |||
| Trading As | GRIC (NASNTL) | Industry | Internet (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 9/21/99 |
| Domestic Shares Offered | 4,600,000 | Offer Date | 12/14/99 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 4,600,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $64,400,000 | Selling | $0.590 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 17,720,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CIBC World Markets | Lead Manager | (212) 667-7400 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| Volpe Brown Whelan & Company | Co-manager | (415) 274-4463 |
| 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 | - | - | 0.403 | 1.534 | 2.549 | 0.939 | 3.064 |
| Income from Oper. | - | - | -1.035 | -8.206 | -17.487 | -6.899 | -8.552 |
| Net Income | - | - | -2.614 | -3.842 | -17.902 | -6.779 | -9.652 |
| E.P.S | - | - | -0.190 | -1.580 | 3.280 | -1.250 | -1.720 |
| Revenue Growth (%) | - | - | 280.65 | 66.167 | 226.30 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -12.81 | -6.30 | -7.88 | ||||
| Cash Flow - Inv. | -2.28 | -1.25 | -0.72 | ||||
| Cash Flow - Fin. | 7.97 | 2.51 | 23.83 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 20.45 | Current Assets | 17.92 | Current Ratio | 3.03 |
| Total Liab. | 15.50 | Current Liab. | 5.92 | Debt Ratio | 75.82% |
| Total Equity | 4.94 | Working Cap. | 12.00 | Debt to Equity Ratio | 3.14 |
| Cash | 16.59 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, capital expenditures and working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fenwick & West |
| Bank's Law Firm | Gibson, Dunn & Crutcher |
| Auditor | Ernst & Young |
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