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R2 Technology, Inc.
325 Distel Circle, Los Altos, CA 94022 * (650) 254-7200
Business Description The company develops, manufactures and sells proprietary medical systems to assist radiologists in the detection of cancer. Their computer-aided detection, or CAD, system analyzes medical images and identifies and marks suspicious image features.
Filing
Information

Not yet
public

To Trade As  RTWO (NASNTL) Industry  Manufacturing (SIC 3841)
Type of Stock Offered Common Shares Filing Date  12/28/2001
Domestic Shares Filed 4,500,000 Filing Range  $10.00 - $12.00
Foreign Shares Filed  0 Offering Amount  $49,500,000
Company Shares  4,500,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Robertson, Stephens & Company Lead Manager (415) 989-8500
CIBC World Markets Co-manager (212) 667-7400
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 9 Months Ending
Figures in U.S. millions except per share data     12/31/1998 12/31/1999 12/31/2000 9/30/2000 9/30/2001
Revenues   - - 0.172 1.894 4.932 3.351 18.174
Income from Oper.   - - -10.777 -10.416 -14.277 -8.747 -8.475
Net Income   - - -10.229 -9.955 -14.032 -8.540 -8.309
E.P.S   - - -4.140 -3.700 -4.460 -2.750 -2.460
Revenue Growth (%)      - - 1,001.16 160.401   442.35
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -9.38 -5.91 -8.38
Cash Flow - Inv.     1.53 4.24 0.73
Cash Flow - Fin.     19.39 0.20 -3.07
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/2001 Financial Ratios
Total Assets    21.37 Current Assets    18.54 Current Ratio    1.42
Total Liab.    79.90 Current Liab.    13.03 Debt Ratio    373.88%
Total Equity    -58.53 Working Cap.    5.51 Debt to Equity Ratio    -
Cash    4.53    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, including working capital, research and development, sales and marketing, clinical and regulatory studies, capital expenditures, and investments in and potential acquisitions of complementary businesses, products, and technologies.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Latham & Watkins
Bank's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Auditor  Deloitte & Touche
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Morgan Stanley Venture Partners III, L.P. and affiliates 31.20  
Alta V Limited Partnership and affiliates 7.30  
ARCH Venture Fund II, L.P. and affiliates 7.00  
Equity Asset Investment Trust 6.70  
Sigma Partners II, L.P. and affiliates 6.10  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 2/24/2002 9:33:40 PM
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