Ok all you financial wizards, here is the financial dirt on nvid. Given that the small amount of cash
that they do claim to have is based on the assumption that they have actually sold the shares to the
(gullible?) public, it seems to me that we should expect nvid's bancruptcy filings in...what time
is it...'think the court is open now... But I live it up to you to tell me how long they can last.
BTW does anyone remember how many shares was STBI suppose to get for its $3 Mil? You can use that info
along with the financials here to calculate a "fair" price for TDFX.
Sun Tzu
PS wasn't there a way of changing to fixed fonts in mid article?
======================================================================================================
THE OFFERING
Common Stock offered................. shares
Common Stock to be outstanding after
the offering........................ shares(1)
Use of proceeds...................... For general corporate purposes, including
capital expenditures and working capital.
See "Use of Proceeds."
Nasdaq National Market symbol........ NVDA
SUMMARY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE DATA)
YEAR ENDED DECEMBER 31, QUARTER ENDED
PERIOD FROM INCEPTION ---------------------------------- -------------------
(APRIL 5, 1993) TO MARCH 30, MARCH 29,
DECEMBER 31, 1993 1994 1995 1996 1997 1997 1998
--------------------- ------- ------- ------- ------- --------- ---------
STATEMENT OF OPERATIONS
DATA:
Total revenue........... $ -- $ -- $ 1,182 $ 3,912 $29,071 $ 65 $37,662
Gross profit (loss)..... -- -- (367) 874 7,845 (143) 10,103
Operating income (loss). (506) (1,351) (6,470) (2,993) (2,560) (1,144) 2,947
Net income (loss)....... (484) (1,361) (6,377) (3,077) (2,691) (1,176) 2,180
Basic net income (loss)
per share(2)........... $ (.07) $ (.19) $ (.56) $ (.27) $ (.21) $ (.10) $ .15
Diluted net income
(loss) per share(2).... $ (.07) $ (.19) $ (.56) $ (.27) $ (.21) $ (.10) $ .08
Shares used in basic per
share computation(2)... 6,784 7,048 11,365 11,383 12,677 11,578 14,142
Shares used in diluted
per share
computation(2)......... 6,784 7,048 11,365 11,383 12,677 11,578 25,729
MARCH 29, 1998
----------------------
ACTUAL AS ADJUSTED(3)
------- --------------
BALANCE SHEET DATA:
Cash and cash equivalents................................ $ 8,640 $
Total assets............................................. 36,738
Capital lease obligations, less current portion.......... 2,143
Total stockholders' equity............................... 9,257
-------
(1) Based on the number of shares outstanding as of March 29, 1998. Excludes
(i) 6,066,833 shares of Common Stock issuable upon the exercise of options
outstanding at a weighted average exercise price of $3.91 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)
3,911,457 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, (v) 500,000 shares of Common Stock reserved for issuance under the
Company's 1998 Employee Stock Purchase Plan and (vi) 131,750 shares of
Common Stock issuable upon exercise of options granted after March 29,
1998. See "Management--Employee Benefit Plans" and Notes 3 and 8 of Notes
to Financial Statements.
(2) See Note 1 of Notes to Financial Statements for an explanation of the
determination of the number of shares used in per share computations.
(3) Adjusted to reflect the sale of the shares of Common Stock offered
hereby at an assumed initial public offering price of $ per share and
after deducting estimated underwriting discounts and commissions and
estimated offering expenses payable by the Company. See "Use of Proceeds"
and "Capitalization."
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