ACTV, Inc. Reports Second Quarter 2000 Results.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 11, 2000 ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IATV) today reported results for the six and three months ended June 30, 2000. Revenues for the six and three months ended June 30, 2000 were $1,902,656 and $1,062,419, compared to revenues of $854,507 and $453,713 for the six and three months ended June 30, 1999. All 2000 revenues and the majority of 1999 revenues are derived from sales of HyperTV(TM), the company's enhanced television Enhanced Television (ETV) is a collection of specifications developed under the OpenCable project of CableLabs (Cable Television Laboratories, Inc.) that define an ETV Application consisting of resources (files) adhering to the Enhanced TV Binary Interchange Format (EBIF) content product. The company had a net loss before an extraordinary item for the six and three month periods ending June 30, 2000 of $11,324,472, or $.25 per share and $6,663,455, or $.15 per share, compared with a net loss of $12,982,289, or $.36 per share and $5,601,821, or $.14 per share for the six and three month periods ended June 30, 1999. ACTV, Inc. repaid all outstanding long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. in full, thereby incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. a non-recurring loss on early extinguishments of debt that was recorded as an extraordinary loss in the amount of $1,411,139 or $.03 per share, for the three months ended June 30, 2000. Including the extraordinary item the company had a net loss for the six and three month periods ending June 30, 2000 of $12,735,611, or $.28 per share and $8,074,594, or $.18 per share, compared with a loss of $12,982,289, or $.36 per share and $5,601,821, or $.14 per share for the six and three month periods ended June 30, 1999. ABOUT ACTV, INC.: ACTV, Inc. (Nasdaq: IATV), with headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , pioneered enhanced television programming with its patented HyperTV(R) software solution. The company also created interactive one-to-one digital television with its proprietary One To One TV(TM) software and programming capabilities. ACTV has key relationships with many of the dominant players in the Internet, television and digital technology fields, including Liberty Digital, Inc. (Nasdaq: LDIG), Motorola's (NYSE NYSE See: New York Stock Exchange : MOT (OpenView Managed Object Toolkit) An OpenView toolkit from HP for developing network management applications based on CMIS. The toolkit contains library routines that handle the transmission and receipt of CMIS requests and responses. ) Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). Communications Sector, Liberty Livewire Corporation (Nasdaq: LWIRA), and OpenTV (Nasdaq and AEX AEX See: Amsterdam Exchange : OPTV). For more information, visit ACTV's Web site at http://www.actv.com or http://www.hypertv.com.
ACTV, INC., & SUBSIDIARIES
Consolidated Statement of Operations
(Unaudited)
Six months ended June 30, 2000 1999
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Revenues $ 1,902,656 $ 854,507
(Loss) before extraordinary item $(11,324,472) $(12,982,289)
Basic and diluted income
(loss) per share before
extraordinary
item $ (0.25) $ (0.36)
Net income (loss) $(12,735,611) $(12,982,289)
Basic and diluted income
(loss) per share $ (0.28) $ (0.36)
Weighted average number of common
shares outstanding 44,915,893 35,859,875
Three months ended June 30, 2000 1999
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Revenues $ 1,062,419 $ 453,713
(Loss) before extraordinary item $ (6,663,455) ($ 5,601,821)
Basic and diluted income
(loss) per share
before extraordinary
item $ (0.15) ($ 0.14)
Net income (loss) $ (8,074,594) ($ 5,601,821)
Basic and diluted income
(loss) per share $ (0.18) ($ 0.14)
Weighted average number of common
shares outstanding 45,771,909 39,711,671
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