RPGDot Network    
   

 
 
Etherlords 2: - Second Age
Display full image
Pic of the moment
More
pics from the gallery
 
 

Site Navigation

Main
   News
   Forums

Games
   Games Database
   Top 100
   Release List
   Support Files

Features
   Reviews
   Previews
   Interviews
   Editorials
   Diaries
   Misc

Download
   Gallery
   Music
   Screenshots
   Videos

Miscellaneous
   Staff Members
   Privacy Statement


 
Interplay's Financial Woes

Posted by Dhruin @ Friday - November 14, 2003 - 21:16 -
Top
| Game Info | Homepage
Interplay's third quarter earnings report can now be accessed through the SEC and it doesn't paint a pretty picture. Interplay appears to have made a $2.1 million loss in the third quarter and had $7000 cash at the time of filing. Here's a couple of excerpts:
These conditions, combined with our historical operating losses and deficits in stockholders' equity and working capital, raise substantial doubt about our ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result from the outcome of this uncertainty.[...]

To reduce our working capital needs, we have implemented various measures
including a reduction of personnel, a reduction of fixed overhead commitments, cancellation or suspension of development on future titles, which management believes do not meet sufficient projected profit margins, and the scaling back of certain marketing programs associated with the cancelled projects.[More...]
Source: No Mutants Allowed
 
 
All original content of this site is copyrighted by RPGWatch. Copying or reproducing of any part of this site is strictly prohibited. Taking anything from this site without authorisation will be considered stealing and we'll be forced to visit you and jump on your legs until you give it back.