Filed pursuant to Rule 424(b)(3)
Registration Statement No. 333-18489
Supplement to Prospectus Dated April 8, 1997 of
NEXAR TECHNOLOGIES, INC.
(the "Company")
Preliminary Unaudited Financial Information
for the First Quarter of 1997
The preliminary selected unaudited financial information of the
Company presented below is derived from (a) the preliminary unaudited
operating results of the Company for the quarter ended March 31, 1997 and
(b) the unaudited operating results of the Company for the quarter ended
March 31, 1996. The financial information set forth below should be read
in conjunction with the audited consolidated financial statements, related
notes, other financial information and Management's Discussion and Analysis
of Financial Condition and Results of Operations of the Company appearing in
the Company's Prospectus dated April 8, 1997. In the opinion of management
of the Company, the following financial information has been prepared on
the same basis as the audited consolidated financial statements of the
Company and contains all necessary adjustments (consisting of normal
recurring adjustments) to present fairly the financial information for the
periods presented. In view of the Company's recent growth and other
factors, the Company believes that quarter to quarter comparisons are not
necessarily meaningful and should not be relied upon as an indication of
future performance.
Three Months Ended
March 31, 1997 March 31, 1996
Consolidated Statements of
Operations:
Net revenues.............. $8,824,758 $ 117,468
Cost of revenues.......... 8,136,290 116,388
Gross profit.............. 688,468 1,080
Total operating expenses.. 2,778,959 836,229
Net loss ................. $(2,090,491) $(835,149)
Pro forma net loss per
common and common
equivalent share
outstanding (1): $(.25) $(.10)
___________
(1) Computed on the basis described in Note 3(b) of Notes to
Consolidated Financial Statements of the Company included
in its Prospectus dated April 8, 1997.
This Supplement is dated April 24, 1997
