3DO Reports First Quarterly Profit as Software Revenues Up 409 Percent Fueled by Success of 14 New Games
REDWOOD CITY, Calif., May 6 /PRNewswire/ -- The 3DO Company (Nasdaq: THDO - news) today announced that it
reported record software revenues and its first profitable quarter as a software publisher for the fiscal fourth quarter ended
March 31, 1999.
Driven by the success of its High Heat Baseball(TM), Might and Magic®, Heroes of Might and Magic(TM), BattleTanx(TM)
and Army Men(TM) franchises, The 3DO Company reported fiscal 1999 fourth quarter software revenues of $23.2 million, up
15 times from the software revenues of $1.6 million in the fourth fiscal quarter of 1998. For the fiscal 1999 fourth quarter, the
Company reported a net income of $2.6 million, or a net income of $0.09 per share, versus a net loss of $6.3 million, or a net
loss of $0.25 per share, during the fiscal 1998 fourth quarter.
For fiscal 1999, software revenues were $48 million, up 409 percent versus $9.4 million in software revenues in the prior year.
This revenue growth was driven by the release of 14 new games across all of the major game platforms versus only three games
for the PC in fiscal 1998. For fiscal 1999, the Company reported a net loss of $13.2 million, or a net loss of $0.51 per share,
versus a net loss of $22.5 million, or net loss of $0.83 per share, related to its software business for the full fiscal year ended
March 31, 1998. |
