>Epitaxx, based in Trenton, New Jersey, is majority-owned by a unit of Nippon Sheet Glass Co. The Japanese glassmaker planned as recently as last year to spin off the company in an initial public offering.<
while it's obviously a wee bit dated, Epitaxx's 1998 financials are available via their previously filed S-1 (see table and link below).
as of 13 may 98, according to the red herring, NSG had a 99.51% 'pre-IPO' stake in what would have been EPXX. for what it's worth, the offering was originally 2.15M shares at ~$10.
in addition, if you're interested, you can take a peek at Epitaxx's slick product flyer, complete with wiring diagrams and more optoelectronic specs than i could ever hope to comprehend:
epitaxx.com
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SUMMARY CONSOLIDATED FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED MARCH 31,
---------------------------------------
1994 1995 1996 1997 1998
------- ------- ------- ------- -------
CONSOLIDATED STATEMENT OF OPERATIONS DATA:
Total revenue......................... $12,342 $15,622 $19,762 $21,209 $25,255
Gross profit......................... 5,168 5,674 8,886 7,231 10,687
Income from operations ............... 1,560 1,456 3,249 1,503 3,789
Net income............................ 1,071 1,469 1,855 638 2,164
======= ======= ======= ======= =======
Net income per share(1)
Basic............................... $ 0.21 $ 0.29 $ 0.36 $ 0.12 $ 0.42
Diluted............................. $ 0.21 $ 0.29 $ 0.36 $ 0.12 $ 0.41
Shares used in per share calcula- tion(1)
Basic............................... 5,113 5,113 5,113 5,113 5,113
Diluted............................. 5,113 5,113 5,113 5,135 5,225
Pro forma net income per share(2)
Basic............................... $ 0.35
Diluted............................. $ 0.35
Shares used in pro forma net income per share calculation(2)
Basic............................... 6,118
Diluted............................. 6,230
OTHER FINANCIAL DATA:
Capital expenditures.................. $ 973 $ 908 $ 2,061 $ 2,418 $ 2,353
MARCH 31, MARCH 31, 1998
------------------------------- -----------------------
1994 1995 1996 1997 ACTUAL AS ADJUSTED(3)
------- ------- ------- ------- ------- --------------
CONSOLIDATED BALANCE SHEET DATA:
Cash.................... $ 14 $ 59 $ 91 $ 109 $ 968 $ 6,768
Working capital (defi-
cit)................... 816 2,460 2,852 1,395 (7,946) 11,640
Total assets............ 11,482 12,884 16,771 16,977 20,197 25,375
Short-term borrowings from affiliate under
line of credit ........ 2,250 2,050 2,700 3,400 3,650 --
Promissory notes issued for dividend
declared............... -- -- -- -- 10,050 --
Long-term obligations, net of current
portion................ 5,000 5,000 5,000 5,133 5,011 5,011
Stockholders' equity
(deficit).............. 2,143 3,613 4,967 4,730 (3,156) 15,808
sec.gov;
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