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Healthstream, Inc.
209 10th Avenue South, Suite 450, Nashville, TN 37203 * (615) 301-3100
Business Description The company is pioneering a comprehensive web-based solution to the continuing education and training needs of the healthcare community utilizing their proprietary technology.
Offering
Information

Company has
gone public

Trading As  HSTM (NASNTL) Industry  Service (SIC 8299)
Type of Stock Offered  Common Shares Filing Date  10/13/99
Domestic Shares Offered  5,000,000 Offer Date  4/10/00
Foreign Shares Offered  0 Filing Range  $9.00 - $11.00
Company Shares  5,000,000 Offer Price  $9.00
Selling Shrhldrs Shares  0 Gross Spread  $0.630
Gross Proceeds  $45,000,000 Selling  $0.380
Expenses  - - Reallowance  $0.100
Post-IPO Shares  18,990,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Robertson, Stephens & Company Lead Manager (415) 989-8500
CIBC World Markets Co-manager (212) 667-7400
E*OFFERING Corp. Co-manager (415) 835-1560
J.C. Bradford & Co. Co-manager (615) 748-9347
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   - - 0.556 1.268 1.716 0.830 1.113
Income from Oper.   - - -0.736 -0.771 -1.261 -0.506 -1.374
Net Income   - - -0.779 -0.960 -1.590 -0.647 -1.478
E.P.S   - - -0.470 -0.550 -0.900 -0.370 -0.770
Revenue Growth (%)      - - 128.06 35.331   34.10
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     - - -
Cash Flow - Inv.     - - -
Cash Flow - Fin.     - - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    5.30 Current Assets    4.51 Current Ratio    2.00
Total Liab.    2.32 Current Liab.    2.26 Debt Ratio    43.88%
Total Equity    2.97 Working Cap.    2.25 Debt to Equity Ratio    0.78
Cash    3.97    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including working capital, sales and marketing expenses and possible acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Bass, Berry, & Sims
Bank's Law Firm  Cravath, Swaine & Moore
Auditor  Ernst & Young
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Last updated: 5/29/00 12:56:30 AM
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