By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Fremont, Calif. — Flash-based digital storage media designer and marketer, Lexar Media, reported revenue for the third quarter ended Sept. 30 was $18.1 million, down about 42 percent from the $31 million recorded in the year-ago third quarter. Excluding stock-based compensation and imputed interest charges, Lexar Media's pro forma loss for the third quarter was $3.2 million, down from a pro forma loss of $5.9 million in the third quarter of 2000. The company reiterated its fourth-quarter goal of reaching profitability on an operating basis excluding charges. For the nine months, revenue dropped to $51.7 million, down from $71.8 million. The pro forma loss more than doubled to $34.6 million, compared with $16.8 million in the same three months last year.
Alameda, Calif. — Interactive TV provider Wink Communications reported net revenue for the third quarter ended Sept. 30 of $1.8 million, an increase of 22 percent over the $1.4 million recorded in the year-ago three months. Wink had a net loss of $14.6 million in the third quarter, more than double the $6.9 million net loss for the same quarter in 2000. Claiming it reached about 5 million households by the end of the third quarter, the company said it is on track to end the year with roughly 6 million Wink-enabled homes in North America. For the nine months, revenue climbed 118 percent, to $5.7 million, up from $2.6 million in the same period a year ago. The net loss year to date was $41.6 million, up from a loss of $18.7 million in the year-ago nine months. Wink said total revenue for the fourth quarter is expected to be in the range of $1.5 million to $2 million.
Westborough, Mass. — Two-way wireless Internet messaging and mobile information provider Arch Wireless reported consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of $63 million for the three months ended Sept. 30, a 7 percent hike over the $58.8 million recorded in the third quarter of 2000. This also was the first quarter that Arch reported positive EBITDA from its two-way messaging business. Consolidated net revenue in the third quarter increased 55 percent, to $271.7 million, compared with $175.6 million in the year-ago third quarter. For the nine months, consolidated EBITDA hit $230.8 million, up from $183.7 million in the same period in 2000. Consolidated net revenue rose to $879.9 million for the nine months, up from $536.1 million in the year-ago period. The company extended its net loss for the third quarter to $93.2 million, up from $63.9 million a year ago, and its net loss for the six months to $1.5 billion, from $198.2 million year over year.
Naples, Fla. — Software solutions provider SmartDisk saw its revenue nearly cut in half during the third quarter, dropping to $17.3 million, from $32.7 million in the same quarter last year. The company extended its net loss for the third quarter ending Sept. 30, to $51.3 million, up from $3.9 million in the year-ago three months. SmartDisk expects to generate revenue of $14 million to $16 million during the fourth quarter. For the six months, revenue was $55.3 million, down from $81 million in the same period in 2000. The company's net loss was extended to $67.8 million in the six months, up from the $8.7 million registered year over year.
Santa Cruz, Calif. — Communications headsets manufacturer Plantronics registered fiscal second-quarter revenue of $77.5 million, down about 25 percent from the $103.9 million reported in the year-ago period. Net income dropped to $6.8 million in the second quarter ended Sept.30, down from $20.7 million in the same period last year. The company said revenue in its mobile and computer divisions picked up from first-quarter levels, while North America picked up from quarter one. The company said revenue for the fiscal third quarter should be in the range of $77 million to $82 million. For the six months, revenue decreased about 22 percent to $157.6 million, down from $204.3 million in the same quarter in 2000. Net income dropped to $14.9 million, compared with $40.8 million in the year-ago six months.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.