Children's game making New Kid Co is showing a 72 percent drop in revenue in the first quarter. The company reports revenues of $1.9 million for the period, a decrease of 72 percent from revenues of $6.8 million in the first quarter one year ago. These revenues translated to a net loss for the quarter of $3.7 million, while New Kid Co was able to post net income of $1.3 million in the same period last year. Much of the fall, according to the company, is due to its shipping of just one new product in the first quarter of 2000. New Kid Co shipped five titles in the first quarter last year. The company plans to erase much of the loss with the release of 11 new products and the start of international sales during the remainder of the year.
