Gravis could take a few pointers from Thrustmaster
ThrustMaster Announces Record Revenues and Earnings
PORTLAND Ore., Oct. 21 /PRNewswire/ -- ThrustMaster, Inc. (Nasdaq: TMSR)
today reported record revenues of $6.9 million for the third quarter of 1996,
an increase of 38% over revenues of $5.0 million for the third quarter of
1995. Net income rose 32% to a record $626,000 in the quarter, compared to
$475,000 for the same period in 1995. Earnings per share rose to $0.14 in the
quarter compared to $0.11 per share in the third quarter of 1995.
Year-to-date revenues rose 21% to $15.7 million, an increase of
$2.7 million over revenues of $13.0 million in the same nine-month period of
1995. Net income was $838,000 or $0.19 per share compared to $955,000 or
$0.23 per share for the nine-month period of 1995.
"The key to success in our industry is introducing leading-edge products.
Our engineering and manufacturing teams have done an outstanding job of
revitalizing our existing flight product line. They have also diversified our
product offerings with the introduction of a new driving wheel and game pad,"
explained Stephen Aanderud, ThrustMaster's CEO. "I believe we are well
positioned for the upcoming holiday selling season."
During the quarter ThrustMaster began shipping the "Grand Prix 1", the
Company's latest driving wheel, as well as the new "Phazer Pad," a
full-featured game pad that is sold to and bundled with Compaq Computer
Corporation's new top-of-the-line multi-media PCs. The Company also began
shipping its new, moderately priced "Top Gun" joystick to NEC, who is
bundeling it with certain of their high-end multi-media PCs. The Company's
new feature-packed "F-22 Pro" flight stick began shipping to retailers as
well. Distribution also increased as the Company added two new major
distributors, Merisel, Inc. and D&H Distributing Company, opened its own
European warehouse and began shipping to Karstadt, one of Germany's largest
computer retailers.
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