Went public 2/15/2000 at $6 apiece
Filing Range: 1.2 mil. shares @ $5 to $7
Shares Outstanding: 0 mil. shares
Underwriters: First Montauk Securities
(Data except per-share in $ thousands)
Y/E Y/E 9 MOS 9 MOS
12/97 12/98 9/98 9/99
Total Revenue $79 $415 $252 $1,197
Net Loss -130 -956 -484 -2,054
Net Loss Per Share -.44 -1.67 -.97 -1.70
Founded in January 1998, Jeremy’s Microbatch Ice Creams develops, markets and sells super-premium ice cream using high-quality ingredients. Applying a concept first developed by the microbrew industry, the company offers unique flavors of ice cream primarily in small, limited edition pint-size batches. Its ice cream products are mostly sold to supermarkets and grocery stores, but the company also sells products in convenience stores and food service outlets. Jeremy’s products are currently available in more than 3,200 stores in New England, the Mid-Atlantic region, Colorado, Minnesota, Florida, Texas and Arizona.
Advertising and promotions ($3 mil.); fees and costs related to retail placement ($850,000); repayment of debt ($345,000); working capital ($1,81 mil.)
Strive Inc., Bluestem Capital Co.
Paul Schock, Bluestem Capital Co.
Steve Kirby, Bluestem Capital Co.