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3DO REPORTS FISCAL 1993 FINANCIAL RESULTS

 SAN MATEO, Calif., June 29 /PRNewswire/ -- The 3DO Co. (NASDAQ: THDO) today released its financial results for the fiscal year ended March 31, 1993. The company reported a net loss of $15.4 million, or $1.02 per share for the 12-month period ended March 31, 1993. For the 18-month period since the company's inception, from Oct. 1, 1991, to March 31, 1993, the company reported a net loss of $18.1 million or $1.21 per share.
 The financial results reported today for fiscal year 1993 do not reflect the acquisition of NTG, L.P. and NTG Inc., completed in April 1993, or the company's initial public offering, completed in May 1993. Both the NTG acquisition and the IPO will be reflected in the first quarter ending June 30, 1993, of the company's fiscal year 1994.
 Based in San Mateo, The 3DO Co. is a development stage company that was formed to establish a new interactive multimedia standard with the 3DO Interactive Multiplayer as its initial product design. The 3DO Co. is backed by a unique coalition of partners from consumer electronics, communications, entertainment and software industries. Investors include Matsushita Electric Industrial Co., the world's largest manufacturer of consumer electronics and parent of Panasonic, National, Quasar and Technics; AT&T, one of the world's leading communications and computer companies; Time Warner, a leading media and entertainment company and second largest cable operator in the United States; MCA, a major entertainment company; Electronic Arts, the leading entertainment software publisher; and Silicon Valley venture capital firm, Kleiner Perkins Caufield & Byers.
 THE 3DO CO.
 Selected Financial Data
 (in thousands, except per share data)
 Period from Period From
 Oct. 1, 1991 Oct. 1, 1991
 (inception) (inception)
 to March 31, Year Ended to March 31,
 1993 March 31, 1993 1992
 Statement of Operations Data:
 Net revenues $ --- $ --- $ ---
 Operating expenses:
 Research and development 13,580 11,434 2,146
 Sales and marketing 2,057 1,993 64
 General and
 administrative 2,560 2,008 552
 Total operating expenses 18,197 15,435 2,762
 Operating loss (18,197) (15,435) (2,762)
 Interest income 150 97 53
 Interest expense (71) (47) (24)
 Loss before provision
 for income taxes (18,118) (15,385) (2,733)
 Provision for income
 taxes 2 1 1
 Net loss (18,120) (15,386) (2,734)
 Pro forma net loss
 per share $ (1.21) $ (1.02) $ (0.18)
 Shares used in pro forma
 per share calculations 15,017 15,018 15,014
 March 31, March 31,
 1993 1992
 Balance Sheet Data:
 Cash and cash equivalents $ 2,827 $ 1,081
 Working capital (1,174) 1,149
 Total assets 6,437 1,792
 Note payable to stockholder 474 474
 Total stockholders' equity (959) 784
 NOTE: 3DO and Interactive Multiplayer are trademarks of The 3DO Co.
 -0- 6/29/93
 /CONTACT: Rex Golding of The 3DO Company, 415-574-6794; or Lee McEnany or Nina Ronstadt of The Bohle Company, 310-785-0515, for 3DO/
 (THDO)


CO: The 3DO Company ST: California IN: CPR SU: ERN

TM-BR -- SF003 -- 6502 06/29/93 06:01 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
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