MSGI - Fiscal Year 1998
- This is before Stevens-Knox, CMG-Direct, and who knows who else...
Nonetheless, here are the figures for FY 1998:
* 67% = Direct and Internet Marketing
* 32% = Telemarketing
* 1% = Other
Some FY 1998 Highlights:
* Revenue up almost 120% at more than $51 million (compared to $24 million the year before) at the close of FY98;
* EBITDA (Earnings before interest, taxes, depreciation and amortization) for the year ended June 30, 1998 was a record $906,299 (compared to just over $4,100 the previous year);
* Earnings per share for the year reflected the same record-setting trend: a $2.48 improvement to end the year at a loss of .37 cents from a loss of $2.85 on year before. The .31 cents loss consisted of .31 cents associated with the GE Cap. transaction/interest payments, which exist no longer due to MSGI's forced conversion of GE's preferred shares.
P.S. & pure speculation:
I still believe another MSGI acquisition is imminent (as has been rumored) and may well involve one that will reach MSGI's and J. Barbera's stated goal of creating a $250 million company by the end of 1999. Best guess? Who knows - but I look for news of another acquisition before July 4th. Also, I can't help but ponder the idea of some future relationship/deal between MSGI and IIXL, both of which are GE Capital's favorite diamonds being well-taken care of and groomed. (GE has just invested $72 million in IIXL and may invest up to $103.5 million in iXL. [ iXL (IIXL) was an IPO last week] amcity.com ). Who knows, a merger down the road or sharing of clients, resources, etc. between IIXL and MSGI would most definitely be a major move towards consolidating these related, fragmented, and fast-paced industries.
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