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| Mobility Electronics, Inc. |
| 7955 East Redfield Road, Scottsdale, AZ 85260 * (480) 596-0061 |
| Business Description | The company designs, develops and markets connectivity and remote peripheral component interface, or PCI bus, technology and products for the computer industry and for a broad range of related embedded processor applications. |
| Offering Information Company has | |||
| Trading As | MOBE (NASNTL) | Industry | High-Tech (SIC 3577) |
| Type of Stock Offered | Common Shares | Filing Date | 2/11/00 |
| Domestic Shares Offered | 4,000,000 | Offer Date | 6/29/00 |
| Foreign Shares Offered | 0 | Filing Range | $9.00 - $11.00 |
| Company Shares | 4,000,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 |
| Gross Proceeds | $48,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 12,690,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 9/30/98 | 9/30/99 | |
| Revenues | - | 0.118 | 5.669 | 12.744 | 21.072 | 18.107 | 10.162 |
| Income from Oper. | - | -0.791 | -2.007 | -7.597 | -16.396 | -9.623 | -7.815 |
| Net Income | - | -0.788 | -2.272 | -8.775 | -18.033 | -10.772 | -13.394 |
| E.P.S | - | -0.190 | -0.540 | -1.660 | -2.180 | -1.320 | -1.440 |
| Revenue Growth (%) | - | 4,704.24 | 124.80 | 65.348 | -43.88 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -12.94 | -8.82 | -11.17 | ||||
| Cash Flow - Inv. | -0.90 | -0.90 | -0.09 | ||||
| Cash Flow - Fin. | 14.06 | 10.54 | 10.06 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 9/30/99 | Financial Ratios | ||||
| Total Assets | 12.05 | Current Assets | 8.35 | Current Ratio | 0.77 |
| Total Liab. | 14.31 | Current Liab. | 10.83 | Debt Ratio | 118.69% |
| Total Equity | -2.25 | Working Cap. | -2.48 | Debt to Equity Ratio | - |
| Cash | 1.27 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and general corporate purposes including the repayment of debt, increased spending on sales and marketing, research and development, potential acquisitions and expansion of our operational and administrative infrastructure. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Jackson & Walker |
| Bank's Law Firm | Willkie Farr & Gallagher |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | KPMG LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Charles R. Mollo | 15.07 | |
| Jeffrey R. Harris | 12.01 | |
| Seligman Communications and Information Fund, Inc. | 8.51 | |
| New Vistas Investment Corporation | 6.65 | |
| Empire National II, LLC | 5.04 | |
| Note: represents ownership of 5% or more prior to the offering. | ||