| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| H Power Corp. |
| 1373 Broad Street, Clifton, NJ 07013 * (973) 450-4400 |
| Business Description | The company is a leader in developing, and commercializing the sale of, proton-exchange membrane, or PEM, fuel cell systems |
| Offering Information Company has | |||
| Trading As | HPOW (NASNTL) | Industry | Manufacturing (SIC 3629) |
| Type of Stock Offered | Common Shares | Filing Date | 4/7/00 |
| Domestic Shares Offered | 7,000,000 | Offer Date | 8/8/00 |
| Foreign Shares Offered | 0 | Filing Range | $11.00 - $13.00 |
| Company Shares | 7,000,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.120 |
| Gross Proceeds | $112,000,000 | Selling | $0.680 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 52,760,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Fidelity Capital Markets | Co-manager | |
| Josephthal Lyon & Ross, Inc. | Co-manager | (212) 907-4545 |
| 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 | 5/31/95 | 5/31/96 | 5/31/97 | 5/31/98 | 5/31/99 | 11/30/98 | 11/30/99 |
| Revenues | 3.961 | 1.935 | 0.421 | 0.989 | 1.018 | 0.432 | 1.909 |
| Income from Oper. | -2.246 | -2.857 | -4.542 | -6.838 | -6.413 | -2.733 | -3.828 |
| Net Income | -2.433 | -3.045 | -4.571 | -6.155 | -6.252 | -2.438 | -3.721 |
| E.P.S | -0.050 | -0.070 | -0.100 | -0.140 | -0.140 | -0.050 | -0.080 |
| Revenue Growth (%) | -51.15 | -78.24 | 134.92 | 2.932 | 341.93 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -4.97 | -2.81 | -3.31 | ||||
| Cash Flow - Inv. | -0.92 | -0.38 | -0.20 | ||||
| Cash Flow - Fin. | 1.33 | -0.01 | 24.56 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 11/30/99 | Financial Ratios | ||||
| Total Assets | 26.75 | Current Assets | 24.65 | Current Ratio | 5.01 |
| Total Liab. | 25.32 | Current Liab. | 4.92 | Debt Ratio | 94.63% |
| Total Equity | 1.44 | Working Cap. | 19.72 | Debt to Equity Ratio | 17.63 |
| Cash | 21.37 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including the acquisition of new manufacturing facilities and equipment, research and development, sales and marketing, potential acquisitions and for working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Fulbright & Jaworski |
| Bank's Law Firm | Greenberg Traurig Hoffman Lipoff Rosen & Quentel |
| Auditor | Pricewaterhouse Coopers LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Sofinov Societe financiere D'Innovation Inc. | 14.10 | |
| ECO Fuel Cells, LLC | 10.40 | |
| Singapore Technologies Kinetics Ltd. | 4.40 | |
| Hydro-Quebec CapiTech Inc. | 4.40 | |
| DQE Enterprises, Inc. | 3.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||