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Precise Software Solutions Ltd.
1 Hashikma Street, P.O. Box 88, Savyon, Israel 56518
Business Description The company is a provider of Information Technology infrastructure performance management software. This infrastructure consists of networks, operating systems, servers, applications, databases and storage devices that must proactively support traditional and electronic business activities.
Offering
Information

Company has
gone public

Trading As  PRSE (NASNTL) Industry  High-Tech (SIC 7372)
Type of Stock Offered  Common Shares Filing Date  5/22/00
Domestic Shares Offered  4,250,000 Offer Date  6/29/00
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  4,250,000 Offer Price  $16.00
Selling Shrhldrs Shares  0 Gross Spread  $1.120
Gross Proceeds  $68,000,000 Selling  $0.670
Expenses  - - Reallowance  $0.100
Post-IPO Shares  21,194,269 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Merrill Lynch & Co. Lead Manager (212) 449-4600
CIBC World Markets Co-manager (212) 667-7400
Wit SoundView Co-manager  
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   1.147 1.226 2.788 6.189 11.614 2.231 4.542
Income from Oper.   -1.627 -3.322 -4.003 -4.056 -2.669 -0.691 -2.092
Net Income   -1.950 -1.593 -4.215 -4.022 -2.598 -0.694 -2.055
E.P.S   -1.310 -0.890 -2.350 -1.310 -0.790 -0.210 -0.620
Revenue Growth (%)      6.89 127.41 121.99 87.656   103.59
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -2.60 -0.29 0.08
Cash Flow - Inv.     -1.38 -0.09 0.43
Cash Flow - Fin.     9.83 0.00 -0.03
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    13.83 Current Assets    11.65 Current Ratio    2.03
Total Liab.    6.61 Current Liab.    5.73 Debt Ratio    47.82%
Total Equity    7.21 Working Cap.    5.91 Debt to Equity Ratio    0.92
Cash    7.18    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to expand sales and marketing channels, to invest in research and development activities and for working capital and for general corporate purposes including possible acquisitions of complementary technologies, products or businesses.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Testa, Hurwitz & Thibeault
Bank's Law Firm  Morrison & Foerster
Auditor  Ernst & Young
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Last updated: 7/24/00 10:19:56 PM
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