| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies |
| StorageApps, Inc. |
| 1001 Frontier Road, Bridgewater, NJ 08807 * (908) 243-8700 |
| Business Description | The company provides a portfolio of Proactive Network Solutions products and services to customers with mission-critical storage requirements. |
|
Filing Information Not yet | |||
| To Trade As | STRG (NASNTL) | Industry | High-Tech (SIC 7372) |
| Type of Stock Offered | Common Shares | Filing Date | 11/3/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 |
| Company Shares | 0 | 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 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Keegan & Company, Incorporated | Co-manager | (901) 529-5357 |
| 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 | 0.456 | 4.873 | 15.689 | 24.007 | 23.322 | 9.434 | 16.159 |
| Income from Oper. | 0.076 | 0.094 | 1.183 | 4.750 | 3.137 | 1.474 | -1.579 |
| Net Income | 0.054 | 0.005 | 0.567 | 2.605 | 1.920 | 0.859 | -1.039 |
| E.P.S | - | - | 0.010 | 0.060 | 0.040 | 0.020 | -0.020 |
| Revenue Growth (%) | 968.64 | 221.96 | 53.02 | -2.853 | 71.28 | ||
| Net Income Growth (%) | -90.74 | 11,240.00 | 359.44 | -26.30 | - | ||
| Oper. Profit Margin (%) | 16.67 | 1.93 | 7.54 | 19.79 | 13.45 | - | 15.62 |
| Net Profit Margin (%) | 11.84 | 0.10 | 3.61 | 10.85 | 8.23 | - | 9.11 |
| Cash Flow - Oper. | -0.44 | -1.79 | -11.19 | ||||
| Cash Flow - Inv. | -0.34 | -0.27 | -1.10 | ||||
| Cash Flow - Fin. | -0.04 | 0.13 | 19.01 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 37.64 | Current Assets | 34.87 | Current Ratio | 3.08 |
| Total Liab. | 13.59 | Current Liab. | 11.33 | Debt Ratio | 36.10% |
| Total Equity | 24.05 | Working Cap. | 23.54 | Debt to Equity Ratio | 0.57 |
| Cash | 7.92 | Return on Assets | 5.10% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including working capital and capital expenditures relating to the expansion of operations. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Davis, Polk & Wardwell |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | Registrar and Transfer Company, New Jersey |
| 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 |
| GMS Capital Partners, L.P. | 9.10 | |
| Strategic Investment Partners, Ltd. | 8.40 | |
| Dell USA, L.P. | 5.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||