Interplay has cut operating losses in the second quarter. The company is reporting second quarter revenues of $24.9 million. That result is down a bit from last year's second quarter revenues of $29.4 million, but the company still managed to cut operating losses to $1.2 million from $4.4 million in the same period one year ago. "We are extremely pleased that we have continued to reduce our operating losses as we proceed on our plan to return Interplay to profitability," said Interplay CEO Brian Fargo, "We achieved the best operating results in eight quarters without the benefit of a major hit title."