Press release: 3Dlabs Reports Fourth Quarter and Year End 2000 Results
Date : 2001-03-08
HAMILTON, Bermuda, March 7 /PRNewswire/ -- 3Dlabs®, Inc. Ltd. (Nasdaq: TDDD - news) today announced unaudited financial results for the fourth quarter and year ended December 31, 2000.
Total revenues for the fourth quarter of 2000 were $24.1 million, up 70 percent from the $14.2 million reported in the fourth quarter of 1999, and up 40 percent sequentially from the $17.2 million reported in third quarter of 2000. The Company reported a loss from operations of ($1.9 million) compared to a loss from operations of ($2.3 million) in the third quarter of 2000.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990623/TDDDLOGO )
3Dlabs reported a loss before amortization of goodwill and other intangibles of ($2.6 million), or ($0.12) per share, compared to a loss before amortization of goodwill and other intangibles (excluding one-time charges and reserves) of ($2.9 million), or ($0.13) per share, in the third quarter of 2000.
Total revenues for fiscal 2000 were approximately $71 million, up 54 percent compared to $46 million for the 1999 fiscal year. Excluding amortization, charges and reserves, for the year ended December 31, 2000, 3Dlabs recorded a net loss of ($7.9 million), or ($0.39) per share, compared to a net loss of ($2.9 million) or ($0.17) per share in 1999.
``We closed the 2000 fiscal year with a strong fourth quarter, lead by substantial revenue growth and significant reduction in our operating losses. The growth in revenues was driven by increased sales of our Wildcat product line and continued strength of the Oxygen line of products in the channel. We have begun the new year with a series of recently announced key design wins. Dell, continuing a long-standing relationship with 3Dlabs, was the first OEM to announce the selection of the 3Dlabs Wildcat(TM) II 5110 graphics accelerator. Compaq, another existing customer, chose the Wildcat II 5110\'s breakthrough dual-pipeline architecture for their professional workstations, and SGI chose 3Dlabs\' latest Wildcat product as a high-performance 3D graphics option for its award-winning Silicon Graphics Zx10(TM) visual workstations,\'\' stated Osman Kent, President and CEO of 3Dlabs.
Kent continued, ``For our OEM customers, the leading-edge 3D graphics technology of the Wildcat II, combined with our renowned quality and reliability, provides a level of productivity that is unmatched. Although we are continuing to be affected by the industry-wide shortage in ceramic chip substrates, we expect to show sequential revenue growth in the first quarter.\'\'
Conference Call Information
The company has scheduled a conference call from 2:00 p.m.-3:00 p.m., PST, on March 7th. You may access the call in the United States by dialing 888-813-7826 or via the Internet at www.3dlabs.com. A replay of the call will be available for 48 hours, one hour after the live call ends and at the 3Dlabs web site.
Founded in 1994, 3Dlabs is a leading supplier of integrated hardware and software graphics accelerator solutions for workstations and design professionals. 3Dlabs develops silicon, boards and software drivers to create products that effectively meet the performance and quality needs of users who rely on graphics for their productivity. 3Dlabs sells its award-winning Oxygen and Wildcat products to leading system OEMs including Compaq, Dell, Hewlett-Packard, IBM, Hitachi, NEC, SGI and Sun Microsystems, through an international distributor and reseller network and directly to end-users at 3Dlabs\' online store. The performance-leading Wildcat and high volume Oxygen accelerator families target complementary segments of the Computer Aided Design (CAD), Digital Content Creation (DCC), geophysical, medical and visual simulation markets, resulting in the broadest range of professional graphics products in the industry today. 3Dlabs has operations in Alabama, California, Colorado, Massachusetts, Texas, Washington, Germany, Japan and the United Kingdom. For more information, please visit www.3dlabs.com.