Quarter Marks First Profits; Revenues Increase 123% Over Previous Quarter
SAN JOSE, Calif., Jan. 27 /PRNewswire/ -- 3Dfx Interactive, Inc.
(Nasdaq: TDFX) released today financial results for both the fourth quarter of
1997, which ended on December 31, 1997, and for the full 1997 fiscal year.
Total revenues for the fourth quarter rose to $22,296,000, an increase
from total revenues of $10,018,000 for the third quarter of fiscal 1997 and
$4,503,000 for the fourth quarter of fiscal 1996. Net Income for the fourth
quarter was $2,074,000, or $.15 per share. 14,127,000 shares were used in the
per share calculation. This compares with a net loss of $3,598,000 or a loss
of $.36 per share in the fourth quarter of 1996, when 10,121,000 shares were
used in the per share calculation. The fourth quarter of 1997 marks the
company's first profitable quarter since its inception in 1994.
Total revenues for the full 1997 fiscal year were $44,069,000, including
$1,817,000 in development contract revenues. Total revenue figures for the
comparable period in fiscal year 1996 are not meaningful because the company
was still in the product development stage during the first two quarters, and
revenues for that year only commenced in the third quarter. Net loss for
fiscal 1997 was $1,714,000, or a loss of $.15 per share, based upon
11,699,000 shares used in the per share calculation. Net loss for fiscal
1996 was $14,751,000, or a loss of $1.52 per share, based upon
9,681,000 shares used in the per share calculation.
3Dfx Interactive, a publicly traded company, designs and markets high
performance, cost-effective 3D media processors, software and related
technology that are designed to enable a highly immersive, interactive and
realistic 3D experience across interactive electronic entertainment platforms,
including the personal computer, coin-operated arcade systems and
location-based entertainment ("LBE") systems. 3Dfx Interactive products
include the Voodoo family of accelerator chipsets, Voodoo Graphics(TM), Voodoo
2 and Voodoo Rush(TM).
NOTE: The 3Dfx Interactive logo, Voodoo Graphics and Voodoo Rush are
trademarks of 3Dfx Interactive, Inc. All other brand names mentioned are
trademarks or registered trademarks of their respective holders, and are
hereby acknowledged. The company's website is accessible at |
