Take-Two Interactive Software has declared its Fourth Quarter Fiscal 2009 Financial Results. If you are a stockholder and recall being offered $25.74 per share by EA, look away now.
T2's last reported share price was $8.25. Now then, bear in mind that at close of trade last Xmas, the stock was trading at $7.82 per share.
In terms of figures:Fourth Quarter
- Net revenue for the fourth fiscal quarter was $343.4 million, compared to $323.4 million for the same quarter of fiscal 2008.
- Net loss for the fourth quarter was $22.0 million, compared to net loss of $15.0 million in the fourth quarter of fiscal 2008.
$9.8 million of the loss was made of in "stock-based compensation expense".
$7.2 million came in the form of "professional fees and expenses related to unusual matters". Bear in mind that CEO Strauss Zelnick and his management team receive both the professional fees and stock-based 'compensation'.Year Ended October 31st
- Net revenue was $968.5 million, compared to $1,537.5 million for fiscal 2008.
- Net loss for fiscal 2009 was $137.9 million compared to net income of $97.1 million for fiscal 2008.
In the case of the annual figure, "Results for fiscal 2009 included $25.9 million in stock-based compensation expense" and "$7.2 million in professional fees and expenses related to unusual matters".
So, what happened to the GTA IV
DLC revenues? Strauss Zelnick has answers to that one elsewhere
. Let's hope Bioshock 2
works out for them.
All the forensic detail is here