To: Ski who wrote (533 ) 3/16/1998 12:46:00 PM From: Bill Lin Read Replies (1) | Respond to of 5927
Its going to be an expensice IPO. did you look at shares outstanding? rev in 1997 of $27mm, and maybe increase to $100mm in 1998, but shares outstanding is... 12,677 plus5,531,833 shares of Common Stock issuable upon the exercise of options outstanding at a weighted average exercise price of $3.30 per share, (ii) 158,806 shares of Common Stock issuable upon the exercise of warrants outstanding at a weighted average exercise price of $2.10 per share, (iii) 4,426,457 shares of Common Stock reserved for future grants under the Company's 1998 Equity Incentive Plan, DECEMBER 31, 1997 ---------------------- ACTUAL AS ADJUSTED(3) ------- -------------- <S> <C> <C> BALANCE SHEET DATA: Cash and cash equivalents................................ $ 6,551 $ Total assets............................................. 25,038 Capital lease obligations, less current portion.......... 1,891 Total stockholders' equity............................... 6,896 </TABLE> - ------- (1) Based on the number of shares outstanding as of December 31, 1997. Excludes as of February 28, 1998 (i) 5,531,833 shares of Common Stock issuable upon the exercise of options outstanding at a weighted average exercise price of $3.30 per share, (ii) 158,806 shares of Common Stock issuable upon the exercise of warrants outstanding at a weighted average exercise price of $2.10 per share, (iii) 4,426,457 shares of Common Stock reserved for future grants under the Company's 1998 Equity Incentive Plan, (iv) 300,000 shares reserved for future grants under the Company's 1998 Non-Employee Directors' Stock Option Plan and (v) 500,000 shares of Common Stock reserved for issuance pursuant to the Company's 1998 Employee Stock Purchase Plan. See "Management--Employee Benefit Plans" and Notes 3 and 8 of Notes to Financial Statements.