ACTV, Inc. Reports September 30, 1998 Results
NEW YORK--(BUSINESS WIRE)--Nov. 13, 1998--ACTV, Inc. (NASDAQ:IATV - news) today announced that revenues for the three months ended September 30, 1998 were $301,900, compared to $191,440 during the three-month period ended September 30, 1997. The Company's net loss applicable to common stock shareholders in the more recent three-month period was $3,833,484, or $0.16 per share, compared to a net loss of $2,303,598, or $0.17 per share, for the comparable period during 1997. For the nine months ended September 30, 1998, revenues were $1,058,560 compared to $1,534,295 in the first nine months of 1997. For the 1998 nine-month period, the Company had a net loss applicable to common
stock shareholders of $9,869,022, or $0.51 per share, compared with a net loss of $7,042,623, or $0.57 per share, in the comparable period in 1997.
Of the Company's net loss for the nine and three months ended September 30, 1998, $4,342,140 and $1,555,502, respectively, represented net non-cash expense items, including depreciation and
amortization, stock appreciation rights, and securities issued in lieu of cash and for services. For the nine and three months ended September 30,1997, net non-cash expense items were $1,903,639 and $977,423, respectively.
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