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| CiDRA Corporation |
| 50 Barnes Park North, Wallingford, CT 06492 * (203) 265-0035 |
| Business Description | The company designs, manufactures and markets high-precision optical networking products, based upon proprietary optical waveguide technology, for next-generation optical communications networks. |
|
Filing Information Not yet | |||
| To Trade As | CIDC (NASNTL) | Industry | High-Tech (SIC 3674) |
| Type of Stock Offered | Common Shares | Filing Date | 10/11/00 |
| Domestic Shares Filed | 6,700,000 | Filing Range | $14.00 - $16.00 |
| Foreign Shares Filed | 0 | Offering Amount | $100,500,000 |
| Company Shares | 6,700,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| UBS Warburg LLC | Co-manager |
| 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 | 12/31/97 | 12/31/98 | 12/31/99 | 6/30/99 | 6/30/00 | ||
| Revenues | - | - | 0.000 | 0.000 | 0.000 | 0.000 | 0.423 |
| Income from Oper. | - | - | -2.418 | -13.217 | -21.491 | -8.569 | -12.697 |
| Net Income | - | - | -2.375 | -12.715 | -21.056 | -8.476 | -12.592 |
| E.P.S | - | - | -0.720 | -3.330 | -3.390 | -1.500 | -1.550 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -18.16 | -7.40 | -8.60 | ||||
| Cash Flow - Inv. | -2.63 | -1.48 | -5.07 | ||||
| Cash Flow - Fin. | 33.16 | 31.33 | 100.75 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 116.98 | Current Assets | 106.87 | Current Ratio | 11.84 |
| Total Liab. | 161.34 | Current Liab. | 9.03 | Debt Ratio | 137.92% |
| Total Equity | -44.36 | Working Cap. | 97.84 | Debt to Equity Ratio | - |
| Cash | 103.95 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures, product research and development activities, working capital and expansion of sales and marketing operations. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Mintz, Levin, Cohn, Ferris, Glovsky And Popeo |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| First Reserve Corporation | 10.50 | |
| Teknoinvest Management AS | 10.00 | |
| Connecticut Innovations, Inc. | 8.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||