Interplay announces Q2 results, updates on IP status
Publisher Interplay has finally reported its results for the three months ended June 30th, as well as providing further details of the status of its franchises - including the sale of the Redneck Rampage property to Vivendi Universal.
Publisher Interplay has finally reported its results for the three months ended June 30th, as well as providing further details of the status of its franchises - including the sale of the Redneck Rampage property to Vivendi Universal.
Revenues for the June quarter were up to $3.14 million from $1.1 million last year, leading to a major rise in gross profit - up to $1.78 million from a mere $155,000 in the same period last year - and a fall in the company's loss figure.
Net loss after tax came to $1.95 million for the three month period, which compares favourably with a loss of $5.38 million in the same quarter of 2003, and translates as a loss of $0.02 per share.
The company's results filing also revealed a number of other details regarding the status of its operations, including confirmation that another of its franchises has been sold - with the rights to Redneck Rampage going to Vivendi Universal Games for $300,000.
Additional information about the previously announced sale of the rights to the Fallout RPG series to Bethesda is also revealed in the report, including the fact that Bethesda paid $1.175 million for the rights, and has an option to develop two further games in the series for a minimum of $1 million advance against royalties to Interplay on each title.