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August Technology Corporation
4900 West 78th Street, Bloomington, MN 55435 * (952) 820-0080
Business Description The company designs, manufactures, markets and services automated visual inspection equipment for the detection of micro defects, which are defects generally larger than 0.5 microns, in semiconductor devices.
Offering
Information

Company has
gone public

Trading As  AUGT (NASNTL) Industry  Manufacturing (SIC 3827)
Type of Stock Offered  Common Shares Filing Date  3/17/00
Domestic Shares Offered  3,300,000 Offer Date  6/13/00
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  3,300,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.840
Gross Proceeds  $39,600,000 Selling  $0.470
Expenses  - - Reallowance  $0.100
Post-IPO Shares  12,211,676 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Needham & Company Lead Manager (212) 705-0344
A.G. Edwards & Sons, Inc. Co-manager (314) 955-3039
Adams, Harkness & Hill Co-manager (617) 371-3705
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99 3/31/99 3/31/00
Revenues   1.798 3.756 4.192 5.787 12.058 2.143 4.503
Income from Oper.   0.055 0.338 0.313 0.003 -0.108 0.240 -0.410
Net Income   0.044 0.215 0.187 - -0.132 0.205 -0.451
E.P.S   0.010 0.030 0.020 - -0.020 0.020 -0.050
Revenue Growth (%)      108.90 11.61 38.05 108.364   110.13
Net Income Growth (%)      388.64 -13.02 - -   -
Oper. Profit Margin (%)    3.06 9.00 7.47 0.05 - - 11.20
Net Profit Margin (%)    2.45 5.72 4.46 - - - 9.57
Cash Flow - Oper.     -2.43 -0.14 -0.67
Cash Flow - Inv.     -0.75 -0.12 -0.43
Cash Flow - Fin.     3.18 0.26 1.10
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    8.25 Current Assets    6.95 Current Ratio    1.32
Total Liab.    5.32 Current Liab.    5.26 Debt Ratio    64.58%
Total Equity    2.92 Working Cap.    1.69 Debt to Equity Ratio    1.82
Cash    3.32    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including working capital, research and development, capital expenditures, repayment of debt, and for potential acquisitions of complementary products, technologies or businesses.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Fredrikson & Byron
Bank's Law Firm  Faegre & Benson
Registrar/Transfer Agent  Norwest Bank of Minnesota
Auditor  KPMG LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
ESI Investment Company 17.00  
Brightstone Capital 7.20  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 6/25/00 10:48:38 PM
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