MG Taylor Corporation
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Financial History
1980 - 2000
MG Taylor, until this year, has been - predominately - a self-financed organization. We have been through several cycles of the Start Up process including three periods of insolvency. We are one year away from becoming substantially debt free. the value of our stock, today, has been appraized by an outside source as worth $11,500,000. This evaluation did not take into account intangeables such as IP. It was based on past and projected finacial performace as of the end of 1999.
It is the goal of MG Taylor Corporation that the consolidated value of the four Business Units of the Enterprise (MG Taylor, knOwhere, AI and Yolke) be in the $100,000,000 range one year from now (mid 2001). In brief, the Annual Cash Flow of the Enterprise has been:
| Year | Revenue | P&L | Balance | Notes |
| 1980 | 25 k$ | Start Up | ||
| 1981 | 73 k$ | First Full Year | ||
| 1982 | 150 k$ | Business Model & Vision | ||
| 1983 | 375 k$ | National Work | ||
| 1984 | 1,100 k$ | Acacia | ||
| 1985 | 986 l$ | Acacia Spin Out | ||
| 1986 | 190 k$ | No Center | ||
| 1987 | 128 k$ | Capital Holding | ||
| 1988 | 261 k$ | Capital Holding | ||
| 1989 | 294 k$ | Capital Holding | ||
| 1990 | 606 k$ | Capital Holding/OMC | ||
| 1991 | 1,060 k$ | Capital Holding/USAF | ||
| 1992 | 1,130 k$ | Capital Holding/USAF | ||
| 1993 | 880 k$ | USAF | ||
| 1994 | 1,286 k$ | USAF/NASA | ||
| 1995 | 1,760 k$ | 13 k$ | -180 k$ | USAF/NASA/RDS/E&Y |
| 1996 | 7,128 k$ | 220 k$ | 235 k$ | E&Y - HH KnOwhere |
| 1997 | 9,902 k$ | - 1,302 k$ | -1,067 k$ | E&Y - Cambridge/PA |
| 1998 | 8,468 k$ | - 1,589 k$ | -2,351 k$ | E&Y - 2nd Agreement |
| 1999 | 7,800 k$ | 847 k$ | -1,653 k$ | Market Diversification |
| Sum: | 43,602 k$ | - 1,811 k$ |
Operating Profit 1995 through 1999 was:
95 = 120 k$; 96 = 1,909 k$; 97 = 560 k$; 98 = - 907 k$; 99 = 986 k$. During this five year period, four years produced profit from operations allowing $2,668,000 cash for product Research, Design and Development and facilities expansion.
Estimated 2000 Revenues:
| 2000 | Revenue | P&L | Balance | Notes |
| 2000 | 10,000 k$ | 1,400 k$ | 2,500 k$ | Equity Infusion - Patent |
| 2001 | 20,000 k$ | 3,000 k$ | 5,500 k$ | IP/Brand Strategy in place |
| Sum: | 30,000 k$ | 4,400 k$ |
2000 Revenues assume that a great deal of Business Unit resource, throughout the year, will be consumed in establishing a new equity partner relationship. Revenue rates are expected to go up starting in the 4th Quarter. 2000 and 2001 is expected to generate $5,900,000 Operating Profit allowing 1,500 k$ for expensed product and facilities investment. All debt is expected to be eliminated by mid 2001.
1995 through 1999 (last five years) average Revenues were just over 7 million a year - this produced an Evaluation of: $11,500,000 for controlled stock in a company with a negative net worth. This is 1.6 times average revenue.
1997 through 2001 (5 years) estimated average Revenues is projected to be over 11 million a year. With solid profitability and equity, the Patent issued, IP and Brand established, equity in a well financed venture with an established technology company, experienced management in place and ownership more distributed, a substantially greater evaluation is possible.
The Revenue projection for 2000 and 2001 are on the low end of the Business Unit’s forecasts.
Matt Taylor
On CAMELOT
June 18, 2000
SolutionBox voice of this document:
INSIGHT/SYNTHESIS • STRATEGY • CONSTRUCTION DOCUMENT
posted June 18, 1999
revised June 18, 2000
• 20000618.183118.mt •
(note: this document is about 1% finished)
Matt Taylor 650 814 1192
Copyright© Matt Taylor 2000