Better Times for Interplay
Posted Thursday, August 15, 2002 - 17:19 CET by Mollusken

Interplay has announced their second quarter financial results, and they had an income of $20.9 million compared to a loss of $12.4 million is the same period last year.

For the second quarter ended June 30, 2002, the Company reported net income of $20.9 million, or $.22 per diluted share, compared to a net loss of $12.4 million, or ($.34) per share, in the same period last year. The net income reported in the second quarter of 2002 was primarily the result of the recording of a $28.8 million gain on the sale of Shiny Entertainment. Net revenues for the second quarter 2002 were $11.8 million versus $14.8 million in the same period a year ago, a decrease of 20 percent. Gross profit margin for the second quarter 2002 was 10 percent, compared to 26 percent in the second quarter of 2001. Finally, operating losses decreased 38 percent from prior year to $7.1 million from $11.4 million reported in the second quarter 2002 and 2001, respectively.

For the six-month period ended June 30, 2002, the Company reported net income of $22.4 million, or $.30 per diluted share, compared to a net loss of $20.8 million, or ($.64) per share, in the same period last year. Net revenues for the six-month period ended June 30, 2002 were $27.4 million versus $32.1 million in the same period a year ago, a decrease of 15 percent. Gross profit margin for the 2002 six-month period was 45 percent, compared to 33 percent in the same period last year.

Read the whole press release here.