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| Luminent, Inc. |
| 20550 Nordhoff Street, Chatsworth, CA 91311 * (818) 773-9044 |
| Business Description | The company designs, manufacturers and sells a comprehensive line of fiber optic components that enable communications equipment manufacturers to provide optical networking solutions for the rapidly growing metropolitan and access segments of the communications network. |
| Offering Information Company has | ||||
| Trading As | LMNE (NASNTL) | Industry | High-Tech (SIC 3674) | |
| Type of Stock Offered | Common Shares | Filing Date | 7/26/00 | |
| Domestic Shares Offered | 12,000,000 | Offer Date | 11/9/00 | |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 | |
| Company Shares | 12,000,000 | Offer Price | $12.00 | |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.840 | |
| Gross Proceeds | $144,000,000 | Selling | $0.500 | |
| Expenses | - - | Reallowance | $0.100 | |
| Post-IPO Shares | - - | Employees | - - | |
| Spun out from: | MRV Communications, Inc. | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| First Security Van Kasper | Co-manager | (415) 954-0650 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| U.S. Bancorp Piper Jaffray | Co-manager | (612) 342-6220 |
| 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 | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | 6/30/99 | 6/30/00 |
| Revenues | 15.855 | 24.034 | 35.081 | 38.596 | 65.264 | 28.469 | 43.587 |
| Income from Oper. | 3.850 | 5.938 | 7.003 | 5.883 | 15.253 | 3.138 | -8.896 |
| Net Income | 2.349 | 3.641 | 4.214 | 3.540 | 4.175 | 1.894 | -10.861 |
| E.P.S | 0.020 | 0.030 | 0.030 | 0.020 | 0.030 | 0.010 | -0.080 |
| Revenue Growth (%) | 51.59 | 45.96 | 10.02 | 69.095 | 53.10 | ||
| Net Income Growth (%) | 55.00 | 15.74 | -15.99 | 17.94 | - | ||
| Oper. Profit Margin (%) | 24.28 | 24.71 | 19.96 | 15.24 | 23.37 | - | 11.02 |
| Net Profit Margin (%) | 14.82 | 15.15 | 12.01 | 9.17 | 6.40 | - | 6.65 |
| Cash Flow - Oper. | 0.75 | 2.84 | 0.99 | ||||
| Cash Flow - Inv. | -2.24 | -1.57 | 0.41 | ||||
| Cash Flow - Fin. | 1.71 | -1.27 | 3.71 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 341.93 | Current Assets | 55.32 | Current Ratio | 1.75 |
| Total Liab. | 39.42 | Current Liab. | 31.68 | Debt Ratio | 11.53% |
| Total Equity | 302.50 | Working Cap. | 23.65 | Debt to Equity Ratio | 0.13 |
| Cash | 4.98 | Return on Assets | 1.22% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures, working capital and possible acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkpatrick & Lockhart |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Arthur Andersen |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| MRV Communications, Inc. | ||
| Note: represents ownership of 5% or more prior to the offering. | ||