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FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION STATEMENT NO. 333-18489
SUPPLEMENT TO PROSPECTUS DATED APRIL 15, 1997 OF
NEXAR TECHNOLOGIES, INC.
(THE "COMPANY")
PRELIMINARY UNAUDITED FINANCIAL INFORMATION
FOR THE SECOND 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 June 30, 1997 and (b) the unaudited
operating results of the Company for the quarter ended June 30, 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 15, 1997 as previously supplemented by Prospectus dated May 14, 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.
<TABLE>
<CAPTION>
Three Months Ended
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CONSOLIDATED STATEMENTS OF OPERATIONS:
June 30, 1997 June 30, 1996
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<S> <C> <C>
Net revenues $ 9,171,580 $ 2,033,811
Cost of revenues 8,514,591 1,798,229
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Gross profit 656,989 235,582
Total operating expenses 3,385,120 2,415,737
Net loss $(2,640,732) $(2,180,155)
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Pro forma net loss per common and
common equivalent share
outstanding (1): $(.32) $(.26)
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(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
15, 1997.
THIS SUPPLEMENT IS DATED JULY 25, 1997
