Activision, Inc. (Nasdaq: ATVI - News) today announced financial results for the second fiscal quarter and the six-month period ended September 30, 2003.
Net revenues were $117.5 million as compared to $169.2 million reported for the second quarter last fiscal year. Net loss for the second fiscal quarter was $10.1 million, or a loss per share of $0.11, compared with net income of $9.1 million, or $0.08 per diluted share, reported for the same period last year. The company's results were down year over year due to a significantly smaller release schedule.
Net revenues for the six-month period ended September 30, 2003, were $276.2 million, as compared to net revenues of $360.4 million reported for the six-month period of last fiscal year. Net loss for the six-month period ended September 30, 2003 was $5.9 million, or a loss per share of $0.07, compared with net income of $29.8 million, or $0.29 per diluted share, reported for the same period last year.
Ron Doornink, President of Activision said, "We had a light release schedule for the second quarter, however, our main focus for this fiscal year remains our third quarter releases -- Tony Hawk's Underground(TM), True Crime(TM): Streets of L.A. (TM), Call of Duty(TM) and Empires: Dawn of the Modern World(TM), which represent some of the strongest, most innovative games in our company's history. Overall our competitive position remains strong as we continue to make progress with our quality enhancement initiatives."
News source: Yahoo
View: Activision website