TDK Mediactive Announces Quarterly Results

TDK Mediactive today reported financial results for the three and twelve months ended March 31, 2002, summarized in the tables below.


Summary Financial Results (In thousands, except per share data)
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For the Three Months Ended
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March 31, 2002 March 31, 2001 % Change
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Net Revenue $ 6,564 $ 1,043 + 529%
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Income (loss)
from Operations $ 12 ($ 1,166)
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Net loss ($ 189) ($ 1,164)
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Basic Loss Per Share ($ 0.01) ($ 0.05)
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Weighted Avg.
Shares Outstanding 22,878 22,855
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For the Twelve Months Ended
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March 31, 2002 March 31, 2001(1)
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Net Revenue $31,464 $ 6,663 + 372%
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Income (loss)
from Operations $ 782 ($ 1,919)
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Net income (loss) $ 168 ($ 1,714)
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Basic/Diluted Earnings
(loss) per share $ 0.01 ($ 0.13)
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Weighted Avg.
Shares Outstanding 22,877 12,706
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(1) Because TDKM changed its fiscal year from June 30th to March 31st
in order to coincide with the fiscal year end of its majority
shareholder, TDK USA Corp., the twelve month period ended March 31,
2001 provided in this table has been included for comparison purposes
only. TDKM’s actual fiscal year 2001 period included only nine months
and is provided in the accompanying income statement.
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“Our fiscal 2002 results reflect initial successes to date in our strategy to assemble high-profile licensed properties from which we are developing an expanding base of titles for current generation video game platforms including PlayStation 2, Xbox, GameCube and Game Boy Advance, as well as PSone, Game Boy Color and PCs which have enormous installed bases,” said Vincent Bitetti, chief executive officer of TDK Mediactive. “Of particular note, fiscal 2002 results benefited from particularly strong sales of Shrek-themed titles for the Xbox, Game Boy Color, Game Boy Advance and PC platforms. Our performance also benefited from republishing revenues for products distributed in Europe as well as contributions from our co-publishing relationship with Activision Value, a subsidiary of Activision, Inc.

“TDK Mediactive has made substantial progress in building our portfolio of licensed properties, and we plan to ship approximately 16 titles comprising 27 SKUs during fiscal 2003, including 5 SKUs to be shipped by our PC co-publishing partner. Releases scheduled during fiscal 2003 include games based on our proven Shrek and Land Before Time franchises, plus new releases based on Robotech, Dinotopia, The Muppets, Mercedes-Benz, Aquaman, and Pryzm, as well as other titles and properties which will be unveiled leading up to and at the E3 convention the week of May 20th.”


Release Schedule – Based on TDKM Fiscal Year Ending 3/31/03
(updated 5/1/02)
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PC CD
Property / Title Xbox PS2 G-Cube GBA GBC PS1 ROM
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Robotech / tba Q2`03 Q2’03 Q3’03 Q2`03
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Dinotopia / tba Q1`03 Q1`03
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Aquaman / tba Q3’03 Q3`03
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Shrek / tba Q3`03 Q3`03 Q3`03
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Pryzm /
The Dark Unicorn Q1`03
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Mercedes Benz /
World Racing Q3`03
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Shrek / tba Q2`03
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Muppets / tba Q4`03 Q3`03
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Casper /
Spirit Dimensions Q3`03
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Shrek / tba Q4`03
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Shrek – Education I/
tba Q2`03
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Shrek – Education II/
tba Q2`03
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Land Before Time /
tba Q3`03 Q3`03
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Various properties /
tba Q4`03 Q3`03 Q1`03 Q3`03 Q2’03
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tba = Title to be announced