| IPO Company Profile © ipodata.com |
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| Open Port Technology, Inc. |
| 676 North St. Clair Street, Suite 900, Chicago, IL 60611 * (312) 867-5000 |
| Business Description | The company designs, develops and distributes IP Launch Pad, a carrier-class software platform that enables customers to deliver enhanced communication services over networks based on the Internet Protocol, or IP. |
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Filing Information IPO has been | |||
| To Trade As | OPRT (NASNTL) | Industry | Internet (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 4/5/2000 |
| Domestic Shares Filed | 4,000,000 | Filing Range | $10.00 - $12.00 |
| Foreign Shares Filed | 0 | Offering Amount | $44,000,000 |
| Company Shares | 4,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| Dain Rauscher Wessels | Co-manager | (612) 371-2818 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1995 | 12/31/1996 | 12/31/1997 | 12/31/1998 | 12/31/1999 | ||
| Revenues | 1.925 | 2.276 | 7.149 | 5.347 | 2.350 | - | - |
| Income from Oper. | -1.138 | -7.690 | -5.938 | -9.125 | -14.513 | - | - |
| Net Income | -1.205 | -8.184 | -6.090 | -9.455 | -15.860 | - | - |
| E.P.S | -0.100 | -0.680 | -0.610 | -0.930 | -1.640 | - | - |
| Revenue Growth (%) | 18.23 | 214.10 | -25.21 | -56.050 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -10.68 | - | - | ||||
| Cash Flow - Inv. | -1.66 | - | - | ||||
| Cash Flow - Fin. | 11.95 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1999 | Financial Ratios | ||||
| Total Assets | 4.71 | Current Assets | 1.13 | Current Ratio | 0.10 |
| Total Liab. | 52.24 | Current Liab. | 11.77 | Debt Ratio | 1,110.39% |
| Total Equity | -47.54 | Working Cap. | -10.65 | Debt to Equity Ratio | - |
| Cash | 0.28 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay existing indebtedness and fund the growth and expansion of business, and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Gordon & Glickson LLC |
| Bank's Law Firm | Testa, Hurwitz & Thibeault |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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