3Dlabs Revenues Up In Q4, But Loss For The Year Increases

The company reported Q4 revenues of $24.1 million, up 70% over 1999, and revenue for the year was up 54% to $71 million. The bad news, however, loomed large. The 3D hardware vendor reported a loss of $2.6 million ($0.12 per share) for the quarter, and the net loss on the year was up 172% over 1999, to $7.9 million ($0.39 per share). Shares of the company are down about 20% today, hovering around $1.40 per share.